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New York pension fund pledges net-zero emissions by 2040
RIA NEWS DEC 09, 2020
New York pension fund pledges net-zero emissions by 2040

The fund also said it may divest from the riskiest oil and gas companies by 2025

Ray Dalio sees ‘flood of money’ with soaring asset prices
RIA NEWS DEC 09, 2020
Ray Dalio sees ‘flood of money’ with soaring asset prices

In Reddit Q&A, Dalio recommends 'smart diversification' among asset classes, currencies and countries

Dimon asks bankers for M&A ideas
RIA NEWS DEC 09, 2020
Dimon asks bankers for M&A ideas

JPMorgan CEO suggests he would consider acquisitions related to software, fintech or 'something overseas'

Fidelity had 'locker room' culture, suit says
RIA NEWS DEC 09, 2020
Fidelity had 'locker room' culture, suit says

A former employee says male colleagues made offensive colleagues about her pregnancy, rape, women's bodies and slavery

Vanguard makes rare retreat as price war starts to take toll
MUTUAL FUNDS DEC 08, 2020
Vanguard makes rare retreat as price war starts to take toll

Net flows for the asset manager slowed in 2020 as rivals continued to roll out similar products and amid the rise of robo advice and almost-free trades

Deutsche Bank ties executive compensation to ESG goals
RIA NEWS DEC 07, 2020
Deutsche Bank ties executive compensation to ESG goals

Starting next year, bank will measure volume of investments that comply with ESG criteria and how bank is rated on sustainability

JPMorgan warns of crowded trades amid markets’ ‘clear consensus’
RIA NEWS DEC 07, 2020
JPMorgan warns of crowded trades amid markets’ ‘clear consensus’

Strategists from top financial services firms expect a risk-on environment into 2021 as the global economy recovers from the impact of COVID-19

Debut ETF issuers hit record this year
MUTUAL FUNDS DEC 03, 2020
Debut ETF issuers hit record this year

New rules that made launches easier and the SEC's approval of nontransparent funds have inspired 14 new firms to enter the market this year

Record-shattering flows into stock ETFs leave bond funds in dust
MUTUAL FUNDS DEC 02, 2020
Record-shattering flows into stock ETFs leave bond funds in dust

Equity ETFs attracted a record $81 billion as stocks rallied in November

Spike in Treasury yields risks sparking domino effect
RIA NEWS DEC 02, 2020
Spike in Treasury yields risks sparking domino effect

Rising interest rates could affect markets ranging from stocks to currencies and gold