The bank approved Black homeowners seeking to refinance mortgages in the pandemic at a far lower rate than white ones.
More than $2.5 billion has exited the $42 billion Financial Select Sector SPDR Fund last week.
It’s the first of four planned conversions by the firm that will shift around $9 billion of assets into exchange-traded funds by mid-June.
The agency gave its blessing to the Teucrium Bitcoin Futures Fund application which was filed under the Securities Act of 1933.
The creation of liquidity in certain alternative products aimed at retail investors has broadened their appeal.
The new team will offer investments that focus on promoting equality, expanding opportunities and improving outcomes for underrepresented or marginalized groups.
The three new funds were created in response to clients who wanted access to the firm’s strategies via ETFs, says Neuberger CIO Hari Ramanan.
Commodities could head into record territory should investors boost their allocation to raw materials at a time of rising inflation.
President Joe Biden plans to nominate Jaime Lizarraga, a senior adviser to House Speaker Nancy Pelosi, and Mark Uyeda, who has spent a chunk of his career at the SEC.
Officials proposed shrinking the Fed’s balance sheet at a maximum monthly pace of $60 billion in Treasuries and $35 billion in mortgage-backed securities.
