FYI: First JPMorgan Chase & Co. Then Goldman Sachs Group. Now, Wells Fargo & Co. wants to charge into the biggest asset management battleground, exchange-traded funds.
The San Francisco-based bank’s fund unit is considering launching its first ETF within three to six months, company executives said. Following the success of giants that went before, Wells is beefing up its quant credentials as it prepares to compete for a chunk of the $4.1 trillion ETF pie.
Regards,
Ted
https://www.bloomberg.com/news/articles/2016-12-19/wells-fargo-lining-up-robot-stock-pickers-for-its-first-ever-etf
