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Closures of ESG ETFs pick up amid political backlash
ETFS FEB 15, 2024
Closures of ESG ETFs pick up amid political backlash

Thirty-six sustainable ETFs were liquidated in the Americas last year, more than double the prior year.

New York state pension fund selling holdings in Exxon, other energy companies
RETIREMENT PLANNING FEB 15, 2024
New York state pension fund selling holdings in Exxon, other energy companies

The retirement fund says it plans to now focus on investments in utility companies and their efforts to shift away from fossil fuels.

Earnings help stocks advance in early trade Thursday
EQUITIES FEB 15, 2024
Earnings help stocks advance in early trade Thursday

Big tech helped US market gain in previous session.

Citi hails private fund tokenization pilot as a success
FINTECH FEB 15, 2024
Citi hails private fund tokenization pilot as a success

The proof of concept could accelerate blockchain tech on Wall Street.

Japan in recession, no longer world's third-largest economy
RIA NEWS FEB 15, 2024
Japan in recession, no longer world's third-largest economy

Despite negative rates, the economy has unexpectedly weakened.

Morgan Stanley to cut several hundred jobs in wealth unit
WIREHOUSES FEB 14, 2024
Morgan Stanley to cut several hundred jobs in wealth unit

The layoffs will affect less than 1 percent of the workers in the wealth management business.

CPI print wiped up last of recent gains for global bonds
FIXED INCOME FEB 14, 2024
CPI print wiped up last of recent gains for global bonds

Hopes have faded that central banks will make early rate cuts.

BlackRock's ESG business is on fire despite pushbacks
RIA NEWS FEB 14, 2024
BlackRock's ESG business is on fire despite pushbacks

The asset manager has seen impressive inflows over the past two years.

State Street aims to grow model portfolio business fivefold
ETFS FEB 13, 2024
State Street aims to grow model portfolio business fivefold

The asset manager is targeting 'north of $25 billion' of assets in its model portfolios over the next five to six years, up from roughly $5 billion currently.

SEC’s Gensler cautions against overblown claims about AI
FINTECH FEB 13, 2024
SEC’s Gensler cautions against overblown claims about AI

The SEC chair warned companies against 'AI washing' when they talk to investors about their use of the technology.