Investing

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Microsoft shareholders to vote on proposal for audit of how firm’s 401(k) plans manage climate risk
RETIREMENT PLANNING DEC 08, 2022
Microsoft shareholders to vote on proposal for audit of how firm’s 401(k) plans manage climate risk

Microsoft is largely considered a corporate leader on climate action but currently has no ready-made sustainable investing retirement option.

Morningstar CEO on how direct indexing makes investing fun
EQUITIES DEC 08, 2022
Morningstar CEO on how direct indexing makes investing fun

In the second part of ESG Clarity's interview, Kunal Kapoor talks passives, personalization and proxies.

Vanguard pulls out of climate-finance alliance
ESG DEC 07, 2022
Vanguard pulls out of climate-finance alliance

The asset manager said it is withdrawing from the Net Zero Asset Managers initiative in a move to maintain the freedom not to restrict its investment options.

GOP senators amping up efforts to rein in BlackRock, State Street, Vanguard on ESG issues
ESG DEC 07, 2022
GOP senators amping up efforts to rein in BlackRock, State Street, Vanguard on ESG issues

Report says the asset managers are using their stakes in public companies to cast proxy votes that favor a ‘liberal political agenda.’

Sustainability-themed funds on the rise
ESG DEC 07, 2022
Sustainability-themed funds on the rise

Newer ESG funds are coming to the market, and a greater share are sustainable funds, according to Cerulli.

CFP Board releases guidelines on cryptocurrency
ALTERNATIVES DEC 05, 2022
CFP Board releases guidelines on cryptocurrency

The board urges advisers to approach the asset class, which has struggled in 2022, with caution.

Finra smacks Advisor Group with $1.3 million penalty over private placement sales
ALTERNATIVES DEC 05, 2022
Finra smacks Advisor Group with $1.3 million penalty over private placement sales

The four Advisor Group firms sold investors GPB private placements but failed to tell them that GPB hadn't made required filings, including audited financial statements.

As FTX burns, advisers keep their cool
ALTERNATIVES DEC 05, 2022
As FTX burns, advisers keep their cool

Given advisers' questioning of the practical merits of cryptocurrency, it's no wonder so many encouraged their clients to steer clear of crypto as an investment.

Don't give up on charitable giving just yet
MUTUAL FUNDS DEC 05, 2022
Don't give up on charitable giving just yet

A bear market and inflationary pressures may have many Americans feeling less wealthy lately, but not necessarily less generous.

DAF payout bill stalls in Congress
MUTUAL FUNDS DEC 05, 2022
DAF payout bill stalls in Congress

The Senate and House bills will both die at the end of the year if they are not approved. It’s not clear whether sponsors will reintroduce them in January.

Morgan Stanley ordered to pay $11.5 million over covered call strategy
ALTERNATIVES DEC 02, 2022
Morgan Stanley ordered to pay $11.5 million over covered call strategy

An investor alleges the firm made unauthorized trades. The Finra arbitration decision comes as the regulator is conducting an exam sweep on options.

Advisers should brace for the relentless case for direct indexing
RIAS DEC 02, 2022
Advisers should brace for the relentless case for direct indexing

Despite lukewarm adoption by financial advisers, the financial services industry is committed to leveraging this crucial channel to get direct indexing in front of more investors.

Blackstone’s $69 billion real estate fund hits redemption limit
ALTERNATIVES DEC 02, 2022
Blackstone’s $69 billion real estate fund hits redemption limit

The firm's announcement that it will limit redemptions from the fund sent its stock falling as much as 10%.

BlackRock blindsided by Florida’s decision to pull $2 billion in anti-ESG move
RETIREMENT PLANNING DEC 02, 2022
BlackRock blindsided by Florida’s decision to pull $2 billion in anti-ESG move

The asset manager wasn’t aware of the decision until reading about it in a statement from Florida Chief Financial Officer Jimmy Patronis.

Fossil fuel funds may outperform ESG for now, but not in long run, experts say
ESG DEC 01, 2022
Fossil fuel funds may outperform ESG for now, but not in long run, experts say

Experts participating in the InvestmentNews ESG Summit assert that using ESG factors provides better insight on potential return.

Bringing ESG investing to clients is often more art than science
PRACTICE MANAGEMENT DEC 01, 2022
Bringing ESG investing to clients is often more art than science

Experts say advisers who are introducing clients to ESG investing must start with flexibility and an open mind.

Implementing direct indexing using sector ETFs
OPINION NOV 30, 2022
Implementing direct indexing using sector ETFs

It can be hard to keep direct-index portfolios from 'drifting' from their benchmark index as stocks are swapped in and out.

BlackRock's Fink predicts most crypto firms will fold in wake of FTX meltdown
ALTERNATIVES NOV 30, 2022
BlackRock's Fink predicts most crypto firms will fold in wake of FTX meltdown

BlackRock was among the financial firms stung by the bankruptcy of the crypto exchange, having invested roughly $24 million in FTX through a fund of funds.

Vatican report on faith-based investing crosses into ESG territory
EQUITIES NOV 30, 2022
Vatican report on faith-based investing crosses into ESG territory

The new report cites 24 areas of focus for Catholic-values investing, some of which overlap with ESG investing.

Bitwise files for bitcoin futures ETF despite crypto woes
ALTERNATIVES NOV 28, 2022
Bitwise files for bitcoin futures ETF despite crypto woes

The Bitcoin Strategy Optimum Yield ETF would offer managed exposure to bitcoin futures contracts traded on the CME and investments in short-term debt securities.