Charles Schwab Investment Management has filed a registration statement with the SEC for its first actively managed exchange-traded fund.
The fund, the Schwab Ariel ESG ETF, also will be Schwab's first fund based on environmental, social and governance criteria.
The fund will be sub-advised by Ariel Investments and make its holdings public with a 60-day lag via periodic regulatory filings. However, the fund will post a daily proxy portfolio.
The new ETF will be listed on the NYSE and invest primarily in small- and mid-cap stocks that fall into the range of the Russell 2500 index and meet criteria set by Ariel Investments’ ESG strategy.
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Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.
“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.
Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.
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