Investing

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Is your 401(k) ESG? There’s a certificate for that
RETIREMENT PLANNING JUN 15, 2021
Is your 401(k) ESG? There’s a certificate for that

Dalbar rates 401(k)s with up to five stars and tells plan sponsors what they can do to improve their plans on the basis of environmental, social and governance criteria.

Texas plans to ban firms that cut out oil and gas sectors
ESG JUN 15, 2021
Texas plans to ban firms that cut out oil and gas sectors

Gov. Greg Abbott signs a pro-oil and gas bill in the state's latest fight against ESG investing.

SEC names new leader for unit that reviews SPACS, climate rules
PRACTICE MANAGEMENT JUN 14, 2021
SEC names new leader for unit that reviews SPACS, climate rules

Law professor Renee Jones will run the agency's division of corporation finance, making her the first Black woman to lead one of the SEC's four major divisions.

Free Fidelity funds are flying off the shelves
EQUITIES JUN 14, 2021
Free Fidelity funds are flying off the shelves

Less than three years after the asset manager set the bar at zero fees for a suite of index funds, it has seen assets in the four funds grow to nearly $18 billion.

Invesco bets on $18B in BlackRock assets being up for grabs
EQUITIES JUN 11, 2021
Invesco bets on $18B in BlackRock assets being up for grabs

Two new Invesco ETFs track tech indexes abandoned by iShares ETFs; Invesco is also waiving fees on the new funds for six months to entice investors.

Invesco plans crypto-linked ETFs as way to get around SEC
MUTUAL FUNDS JUN 09, 2021
Invesco plans crypto-linked ETFs as way to get around SEC

It is proposing two exchange-traded funds that will have 85% of their assets in cryptocurrency-linked equities, and the remainder in trusts and funds that hold cryptocurrencies.

SEC chairman proposes review of stock trading rules
EQUITIES JUN 09, 2021
SEC chairman proposes review of stock trading rules

Wall Street’s top regulator is calling for a broad-based review of the rules that underpin trading in the U.S. equities.

Mandatory ESG disclosures are a political inevitability
ESG JUN 09, 2021
Mandatory ESG disclosures are a political inevitability

The SEC's flurry of activity has drawn concern not only from Capitol Hill Republicans but also the agency’s Republican commissioners, Elad Roisman and Hester Peirce.

Why ETF track records are becoming an afterthought
EQUITIES JUN 09, 2021
Why ETF track records are becoming an afterthought

Shrugging off the once-coveted, three-year performance record, advisers are pouring billions of dollars in assets into funds with untested histories.

Interactive Brokers to offer crypto trading
ALTERNATIVES JUN 09, 2021
Interactive Brokers to offer crypto trading

The broker-dealer's chairman, Thomas Peterffy, says it plans to offer trading services 'by the end of the summer' in response to customer demand.

JPMorgan hires from Goldman, Wells for growth-equity effort
ALTERNATIVES JUN 07, 2021
JPMorgan hires from Goldman, Wells for growth-equity effort

The new venture aims to give JPMorgan's clients exposure to companies before they go public.

How to buy the Bitcoin dip without buying Bitcoin
ALTERNATIVES JUN 04, 2021
How to buy the Bitcoin dip without buying Bitcoin

Research finds that companies that do business in the cryptocurrency space can be reliable proxies for digital currency exposure. For those who might have been waiting for an entry point, the case could be made that now is a good time to buy.

AMC shakes off 40% plunge as meme stock frenzy continues
EQUITIES JUN 03, 2021
AMC shakes off 40% plunge as meme stock frenzy continues

The rally initially collapsed Thursday after the company disclosed plans to sell more shares so it could cut its heavy debts.

House Republicans warn SEC against climate disclosure requirements
ESG JUN 03, 2021
House Republicans warn SEC against climate disclosure requirements

GOP members of House Financial Services Committee question whether climate risk meets the materiality standard.

ESG investing can be volatile — but doesn't have to be
EQUITIES JUN 03, 2021
ESG investing can be volatile — but doesn't have to be

Investors in concentrated ESG strategies have experienced crashing lows from the highs of last year, while broadly diversified strategies have offered a smoother ride and still beat the S&P 500.

Fund managers in world's greenest market struggle with ESG rules
ESG JUN 02, 2021
Fund managers in world's greenest market struggle with ESG rules

Europe’s new Sustainable Finance Disclosure Regulation requires the industry to label how green an investment product is so that end investors know what they’re buying. But the requirements have yet to be finalized, leaving plenty of room for questions.

ETF tracking LGBTQ index is launched
PRACTICE MANAGEMENT JUN 02, 2021
ETF tracking LGBTQ index is launched

The exchange-traded fund tracks an index of U.S. large-cap companies that have a commitment to LGBTQ diversity and inclusion.

'Womenomics' researcher to bring ESG to Japanese startups
ESG JUN 01, 2021
'Womenomics' researcher to bring ESG to Japanese startups

Kathy Matsui, formerly of Goldman Sachs, starts female-run venture fund to support health care, fintech and other young firms.

Companies more receptive to diversity-related investor proposals
PRACTICE MANAGEMENT MAY 28, 2021
Companies more receptive to diversity-related investor proposals

IBM, First Solar, and DuPont among the companies pressured by shareholders this year to pledge diversity changes.

Texas legislature passes anti-ESG bill
RETIREMENT PLANNING MAY 28, 2021
Texas legislature passes anti-ESG bill

If the governor signs the bill, the state's six public pension funds would be prohibited from investing in financial products that boycott energy companies.