ETF volatility plays a large role in the gap between returns for investors and for funds as a whole, Morningstar data show.

A set of Vanguard funds subadvised by Wellington will mark the first active stock-picking ETFs in the company’s fleet.

CFO Richard McPhail said that do-it-yourself customers have been pushing forward with smaller home improvement projects.

The deal comes as the US government explores a deal to take as much as a 10% ownership stake in the Santa Clara, California, ...