Mutual Funds

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Strive Asset Management fills leadership vacuum created by CEO's run for president
INVESTING ESG MAY 04, 2023
Strive Asset Management fills leadership vacuum created by CEO's run for president

Chief investment officer Matt Cole takes on the added role of CEO at the disruptive new asset management shop after Vivek Ramaswamy's departure.

State Street rolls out second 401(k) target-date series featuring an annuity
INVESTING RETIREMENT PLANNING APR 21, 2023
State Street rolls out second 401(k) target-date series featuring an annuity

The plan feature is provided by Global Trust Co. and Annexus Retirement Solutions.

Protesters block Vanguard office over climate policy
INVESTING RETIREMENT PLANNING APR 19, 2023
Protesters block Vanguard office over climate policy

A total of 16 people, many affiliated with a Quaker group, were arrested Wednesday outside the company's Malvern, Pennsylvania, headquarters.

Barclays to shut 21 ETNs a year after major error tied to products
INVESTING ETFS APR 19, 2023
Barclays to shut 21 ETNs a year after major error tied to products

The redemption announcement comes after the UK-based lender said it had erroneously sold $15 billion more structured notes and ETNs over the course of about a year than it had registered for.

Lawmakers press Gensler over climate, crypto and rulemaking pace
INVESTING ALTERNATIVES APR 18, 2023
Lawmakers press Gensler over climate, crypto and rulemaking pace

Republicans on the House Financial Services Committee questioned the SEC leader about the roughly 50 rules the agency has proposed over the past two years.

Not investing in ESG doesn't make you anti-ESG
INVESTING ESG APR 17, 2023
Not investing in ESG doesn't make you anti-ESG

As the environmental, social and governance space evolves, we're learning that the value from an investment perspective is not always best, even if it's always good.

DWS ESG fund launch sets record for sales, at another ETF's expense
INVESTING ESG APR 05, 2023
DWS ESG fund launch sets record for sales, at another ETF's expense

A big client moved $2 billion from a different Xtrackers ESG exchange-traded fund to the new fund, the Xtrackers MSCI USA Climate Action Equity ETF.

BlackRock to offer two buffer ETFs that aim to limit investors' losses
INVESTING ETFS APR 03, 2023
BlackRock to offer two buffer ETFs that aim to limit investors' losses

The two funds would both track the returns of the iShares Core S&P 500 ETF, using options to try to reduce potential fluctuations in investors' returns.

MSCI to downgrade ESG ratings on over 30,000 funds
INVESTING ESG APR 03, 2023
MSCI to downgrade ESG ratings on over 30,000 funds

The firm’s ratings unit overhauls its methodology as ESG score providers continue to draw criticism for using inconsistent approaches that have yet to be properly regulated.

Love it or hate it, ESG has been around for decades — and it isn’t going away
INVESTING ESG APR 03, 2023
Love it or hate it, ESG has been around for decades — and it isn’t going away

Interest both for and against sustainable investing will almost certainly be rising — and that means that financial advisors can’t afford to ignore it.

Why that $6.2 billion outflow from an ESG ETF is not the end of sustainable investing
INVESTING ESG MAR 31, 2023
Why that $6.2 billion outflow from an ESG ETF is not the end of sustainable investing

Excluding the iShares ESG Aware ETF, sustainable funds saw positive net sales so far this year, according to data from Morningstar Direct.

2022 was rough year for near-retirees in target-date funds
INVESTING RETIREMENT PLANNING MAR 29, 2023
2022 was rough year for near-retirees in target-date funds

While stock and bond allocations hurt the performance of TDFs last year, fees declined and assets flowed to collective investment trusts, Morningstar found.

Investors focus on climate, abortion access in potential record proxy season
INVESTING ESG MAR 27, 2023
Investors focus on climate, abortion access in potential record proxy season

After last year's Supreme Court decision overturning Roe v. Wade, more companies face votes on reproductive health care.

Financial advisors torn between trusting the Fed and trusting the bond market
INVESTING RIAS MAR 27, 2023
Financial advisors torn between trusting the Fed and trusting the bond market

The money flowing into Treasuries has some market watchers believing that the Fed's next move will be a rate cut, and that it could come as soon as June.

Green funds have run out of ‘investible’ assets, Impax CEO says
INVESTING ESG MAR 27, 2023
Green funds have run out of ‘investible’ assets, Impax CEO says

Without more green investments, the likelihood of avoiding the worst impacts of climate change becomes increasingly remote, according to the IPCC.

American Funds gets the trophy at Lipper Awards
INVESTING EQUITIES MAR 24, 2023
American Funds gets the trophy at Lipper Awards

In the economic aftermath of the pandemic, some strategies performed better than others.

Strive Asset Management to bring anti-ESG to PEP 401(k)
INVESTING RETIREMENT PLANNING MAR 22, 2023
Strive Asset Management to bring anti-ESG to PEP 401(k)

The firm, which is on a crusade against the use of ESG factors in investing, announced that it's launching a pooled employer plan.

Investors face big tax bills for these mutual funds
INVESTING MUTUAL FUNDS MAR 22, 2023
Investors face big tax bills for these mutual funds

Even though the S&P 500 fell 19% last year, fund managers’ sales of securities to adjust their positions can result in capital gains.

Covered call ETFs uncovered
INVESTING ETFS MAR 21, 2023
Covered call ETFs uncovered

The age-old strategy, neatly wrapped in the low-cost convenience of an exchange-traded fund, has gained fresh momentum in the volatile market environment.

ESG opponent Strive gets warm welcome from some state pensions
INVESTING RETIREMENT PLANNING MAR 16, 2023
ESG opponent Strive gets warm welcome from some state pensions

Co-founder Vivek Ramaswamy, who recently stepped down to campaign for president, has said he wants to take politics out of investing.