Investing

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How Vanguard considers ESG risk
ESG APR 08, 2022
How Vanguard considers ESG risk

ESG Clarity speaks with John Galloway and Matt Piro about the firm's approach.

Trump-era DOL rule for ESG arises in model bill for pensions
RETIREMENT PLANNING APR 08, 2022
Trump-era DOL rule for ESG arises in model bill for pensions

A proposal from a group that supports conservative initiatives targets ESG in state pension plans.

Capital Group, Morningstar offer personalized TDFs
RETIREMENT PLANNING APR 08, 2022
Capital Group, Morningstar offer personalized TDFs

Target Date Plus helps participants to determine a mix of target-date funds that is more suited to their particular needs.

Finra smacks National Securities with $663,000 penalty over private placement
ALTERNATIVES APR 08, 2022
Finra smacks National Securities with $663,000 penalty over private placement

The agency said Boca Raton, Florida-based National Securities deceived investors in December 2017 and January 2018 about the price of shares in the private placement offering.

JPMorgan kicking off $9 billion of mutual fund-to-ETF switches
MUTUAL FUNDS APR 08, 2022
JPMorgan kicking off $9 billion of mutual fund-to-ETF switches

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.

SEC ruling reignites spot US bitcoin ETF approval debate
ALTERNATIVES APR 08, 2022
SEC ruling reignites spot US bitcoin ETF approval debate

The agency gave its blessing to the Teucrium Bitcoin Futures Fund application which was filed under the Securities Act of 1933.

Blackstone says alternative assets are headed for your 401(k)
RETIREMENT PLANNING APR 08, 2022
Blackstone says alternative assets are headed for your 401(k)

The creation of liquidity in certain alternative products aimed at retail investors has broadened their appeal.

Made a killing in crypto? Your tax bill is coming due
ALTERNATIVES APR 07, 2022
Made a killing in crypto? Your tax bill is coming due

Digital tokens like Bitcoin and Ethereum are classified as property by the Internal Revenue Service and taxed like stocks and bonds.

UBS wealth unit launches group focused on inclusive investing
ESG APR 07, 2022
UBS wealth unit launches group focused on inclusive investing

The new team will offer investments that focus on promoting equality, expanding opportunities and improving outcomes for underrepresented or marginalized groups.

Schroders maps out engagement priorities
PRACTICE MANAGEMENT APR 07, 2022
Schroders maps out engagement priorities

The company says it is taking 'a further step forward in sustainability leadership.'

GWG Holdings hit with Nasdaq notice over stock listing
ALTERNATIVES APR 07, 2022
GWG Holdings hit with Nasdaq notice over stock listing

Shares of the beleaguered alternative investment manager hit a new low of $1.78 in trading Thursday morning.

Neuberger Berman joins Wall Street ETF rush with thematic funds
MUTUAL FUNDS APR 07, 2022
Neuberger Berman joins Wall Street ETF rush with thematic funds

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.

Fed officials weigh pruning balance sheet by $95 billion a month
FIXED INCOME APR 06, 2022
Fed officials weigh pruning balance sheet by $95 billion a month

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.

Private equity investors take stakes in CAIS, Mather Group
RIAS APR 06, 2022
Private equity investors take stakes in CAIS, Mather Group

The steady flow of PE money into wealth management illustrates the bullish outlook for the industry's fee-based revenue streams.

Finra bars ex-Cetera rep who used clients’ money for own family's investments
PRACTICE MANAGEMENT APR 06, 2022
Finra bars ex-Cetera rep who used clients’ money for own family's investments

The broker, Marianne O'Shee Smith, a 34-year veteran of the securities industry, used $45,100 she had received from three customers, all senior citizens.

Betting against Bitcoin may get easier with futures ETF filing
ALTERNATIVES APR 06, 2022
Betting against Bitcoin may get easier with futures ETF filing

ProShares wants to launch an exchange-traded fund that would track the inverse performance of an index of Bitcoin futures.

Global bond sell-off deepens as Fed steps up tightening rhetoric
FIXED INCOME APR 06, 2022
Global bond sell-off deepens as Fed steps up tightening rhetoric

The prospect of aggressive Fed action propelled the benchmark 10-year Treasuries back into ranges seen in 2018 and 2019.

Black Americans more engaged with investing,  especially outside the mainstream
RETIREMENT PLANNING APR 05, 2022
Black Americans more engaged with investing, especially outside the mainstream

Black Americans increasingly turn to newer types of assets, like cryptocurrency, that are less likely to be associated with structural discrimination, according to a study from Ariel and Schwab.

Democrat Joe Manchin opposes SEC’s climate proposal
ESG APR 05, 2022
Democrat Joe Manchin opposes SEC’s climate proposal

The senator expresseed concern that the proposal would unfairly burden carbon-intensive energy companies.

State Street launches active muni ESG fund
ESG APR 05, 2022
State Street launches active muni ESG fund

The exchange-traded fund is sub-advised by Nuveen Asset Management, a unit of TIAA.