BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
The firm would be one of several companies providing sustainable target-date funds in the US.
The target-date funds will invest in actively managed sustainable and ESG-focused exchange-traded funds managed by Putnam.
Firms are developing more products focused on equal opportunities and gender issues, Cerulli found.
Paul Bodnar, who had advised former President Obama on climate, joined BlackRock in 2021.
'We're not trying to make value judgments,' Kunal Kapoor says.
Some politicians see it as part of a viable platform for the 2024 presidential election.
Nearly 90% of investors surveyed said they would like advisors to help them with allocations
The effort, the latest in an overall anti-ESG push from conservatives, is largely symbolic.
Republicans have criticized the big asset managers over their proxy-voting practices.
The pooled employer plan is going live as the Department of Labor's new ESG rule takes effect.
A legal challenge to the agency's rule on investments in retirement plans was inevitable, lawyers say.
The Institute of International Finance forecasts a rebound in environmental, social bond issuance.
The effort comes as Republicans have increasingly supported an anti-ESG push, largely led by the states, including Texas and Florida.
Nearly a year after it announced plans to enter the ETF space, the wirehouse is banking on its Calvert brand to carry the day.
The data, which is aggregated to artificial intelligence, cover more than 5,000 North American companies across 385 ESG topics.
We have reached a moment of reflection after a period of exuberant expansion.
Native Americans are gaining economic muscle, and that expands horizons for investors and advisors who want to be part of their rise.
The VegTech Plant-based Innovation & Climate ETF is in line with a 2.12˚F temperature rise.
Currently, the fund does not have a sustainability mandate and thus has an average sustainability rating from Morningstar.
