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PayPal to Introduce Customers to Robo Investing

Shares of PayPal rose premarket on Monday morning after the company announced it reached a deal with an investment startup in order to offer its customers robotic trading options.

The online and mobile payment powerhouse announced on Monday that it is set to partner with Acorns Grow Inc. to allow PayPal users to invest or set up a savings account with the five-year-old automated investment startup.

Northern Trust Closes UBS Fund Servicing Units' Acquisition

Recently, Northern Trust Corporation completed the acquisition of UBS Asset Management's fund administration servicing units in Luxembourg and Switzerland. In order to expand presence in Luxembourg and provide fund administration service in Switzerland, Northern Trust had entered into the deal with UBS Group AG UBS in February 2017. 

Smart Beta Factor Update

Before the term “factor investing” became commonplace within financial community, there were two main factors that investors had the ability to access