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Will Schmitt

ETF reporter

Will Schmitt is a reporter at the Financial Times focusing on asset management and exchange traded funds. Before joining the FT in 2023, he covered asset management for Citywire in New York City. Prior to that, he worked for the Santa Rosa Press Democrat in northern California, reporting on local government, and he was the state politics and government correspondent for the Springfield News-Leader in southwest Missouri.
Email Will Schmitt @double_you_ess  on Twitter (link opens in a new browser window)
  • Friday, 11 October, 2024
    Corporate bonds
    Debt investors resigned to backing private equity dividend recaps

    Fund managers wary of extra leveraged loans loaded on to companies but find few other attractive investments

    new
    Belron’s Autoglass workshop in Aylesbury, England
  • Thursday, 10 October, 2024
    US inflation
    US inflation fell to 2.4% in September

    Figures for headline and core rates marginally surpass expectations

    Line chart showing US inflation over the past five years
  • Wednesday, 9 October, 2024
    Cryptocurrencies
    FBI creates its own crypto token to nab suspects in alleged fraud scheme

    Sting operation has already led to three arrests for ‘on-demand market manipulation’ on trading platforms

    A collection of bitcoin, litecoin and ethereum tokens
  • Monday, 7 October, 2024
    Jane Street Capital
    How Jane Street rode the ETF wave to ‘obscene’ riches

    A quirky and opaque New York firm has rapidly expanded to become the most profitable trader of all

    A montage of the Jane Street logo with a high-rise building and various denominations of dollar bills in the background
  • Tuesday, 1 October, 2024
    Charles Schwab
    Charles Schwab chief Walt Bettinger to retire at end of year

    Brokerage’s longtime leader will be replaced by company president Rick Wurster

    Walt Bettinger
  • Friday, 13 September, 2024
    Trump Media & Technology Group
    Trump Media shares jump as ex-president says he will keep his stake

    Republican candidate’s comments come days before he could cash out of his majority position

    Donald Trump speaks to media a a golf course in California
  • Tuesday, 10 September, 2024
    Fund management
    Apollo and State Street join forces on public-private credit fund

    ETF launch comes as big investment firms seek to sell alternative assets to retail investors

    Signage for Apollo Global Management in Hong Kong, China
  • Monday, 9 September, 2024
    FT News Briefing podcast10 min listen
    Tesla’s EVs stall in China

    Chinese car buyers avoid Tesla as more advanced electric vehicles flood the market

  • Wednesday, 4 September, 2024
    ETF HubLatest news on ETFs
    Star manager Rob Arnott launches ETF to buy up index ‘rejects’

    Smart beta pioneer and his firm Research Affiliates bet on long-term reversion to the mean

    Rob Arnott
  • Sunday, 1 September, 2024
    ETF HubLatest news on ETFs
    Fund bets happier workers produce healthier returns

    Staff wellbeing is a bigger priority for employers but has been hard to link to company performance

    An illustration of a happy worker with a chart detail in the middle of unhappy colleagues
  • Wednesday, 28 August, 2024
    US Treasury bonds
    Investors jump into US government bond ETFs ahead of Fed rate cut

    Heavy inflows in August are the latest sign of a comeback for fixed income in a cooling economy

    Jay Powell
  • Wednesday, 21 August, 2024
    Fund management
    Franklin shares sink after top bond investor takes leave amid probes

    SEC is investigating co-chief investment officer of firm’s Western Asset unit

    The headquarters of the SEC in Washington
  • Monday, 19 August, 2024
    ETF HubLatest news on ETFs
    US crypto manager seals deal to push into European market

    Bitwise’s acquisition of ETC Group follows Robinhood’s $200mn purchase of crypto exchange Bitstamp in June

    Physical representation of bitcoins
  • Sunday, 18 August, 2024
    US financial regulation
    Asset managers and rating agencies brace for next round of SEC texting fines

    Regulator’s sprawling probe has already raked in more than $2bn in penalties

    US Securities and Exchange Commission building in Washington
  • Thursday, 15 August, 2024
    Hedge funds
    Citadel and DE Shaw slashed Nvidia holdings ahead of market rout

    Renaissance and Marshall Wace added to positions in chipmaking giant in second quarter, filings show

    A smartphone with a displayed Nvidia logo
  • Wednesday, 14 August, 2024
    US financial regulation
    Dozens of financial groups to pay nearly $400mn in SEC texting probe

    Companies that self-reported violations are facing smaller fines than those that did not disclose the conduct

    WhatsApp logo on a phone
  • Monday, 12 August, 2024
    Janus Henderson Group
    Janus Henderson expands private credit footprint with stake in $6bn boutique

    Asset manager’s investment in alternatives firm Victory Park Capital underscores growing investor demand

    Ali Dibadj
  • Thursday, 8 August, 2024
    Exchange traded funds
    Funds offering protection from volatility fail to deliver in sell-off

    ‘Covered call’ ETFs were supposed to be a goldilocks investment but are not immune from sharp downturns

    A trader works on the floor of the New York Stock Exchange
  • Thursday, 8 August, 2024
    Exchange traded funds
    ETFs smash previous record for monthly flows in July

    Buying frenzy highlights exuberance that gripped markets before this week’s sharp sell-off

    Traders in front of screens displaying stock market information in the New York Stock Exchange
  • Tuesday, 6 August, 2024
    US banks
    SEC investigating Wall Street banks over ‘billions’ in lost interest payments

    Lenders face scrutiny over ‘sweeping’ idle client cash into other investments and pocketing the difference

    The SEC building in Washington
  • Monday, 5 August, 2024
    Financial services
    Retail brokers hit by outages during US stock sell-off

    Customers reported trouble accessing accounts as US equity markets opened and promptly plunged

    A Wall St sign
  • Sunday, 4 August, 2024
    Utilities
    Surging AI power demand boosts utility stocks

    Investors have found a cheaper way to play the market’s hot new obsession

    Google data centre in Columbus, Ohio
  • Tuesday, 30 July, 2024
    Corporate bonds
    ETFs are eating the bond market

    And changing its nature in the process

  • Sunday, 28 July, 2024
    InterviewInvesting in funds
    Pioneering stockpicker Chuck Royce steps back after five-decade career

    Small-cap ‘legend’ is retiring at 84 just as shares in smaller US companies are back in favour

    Chuck Royce
  • Friday, 26 July, 2024
    Exchange traded funds
    Vanguard warns investors over company stake limits

    Asset manager says US regulators could enforce ownership caps, raising costs for index-tracking funds

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