A net total of $3.1 billion flowed into the country’s sustainable investments last year, and these funds shed nearly $6.2 billion in the final stretch of 2022.
Lee invested more than $15 billion in hundreds of transactions as of 2020, which included his best-known transaction, the 1992 purchase of Snapple Beverage Corp.
While the popular guideline is a good starting point, inflation and rising interest rates are factors that change the game when it comes to retirement withdrawals.
JPMorgan Asset Management’s Bryon Lake projects that active ETFs in the US will grow over the next five years to $3 trillion from $384 billion currently.
Clients are being advised to build up their cash positions, reduce equity risk and load up on high-quality fixed income.
Survey suggests Americans would embrace AI investing; plus news on Facet and Interactive Brokers.
The SEC has proposed using swing pricing and a hard close for share purchases to protect investors during market meltdowns. Critics warn changes could ruin mutual funds.
A relatively smoother ride in the financial markets this year should allow advisors and their clients to breathe a sigh of relief.
The SEC alleges the longtime Boston Celtic touted a crypto token without disclosing that he was paid to do so.
Even though investors can't access their accounts with bankrupt crypto lender Celsius Networks, they still owe taxes on the interest income they earned from the accounts last year.
The agency is considering extending the regulation to cover all assets in a client's portfolio, not just securities and funds.
The mega fund complex known for passive strategies is removing two active mutual funds from its lineup.
Green bonds will drive sales, and sustainability-linked bonds are facing a test, S&P found.
Dominic Ismert's attorney said the recommendation to invest in an oil fund was made 'off the cuff,' without appropriate research and analysis of whether it was suitable for him.
More than a third of converted funds have posted net outflows since they made the switch, according to data compiled by Bloomberg.
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
The firm would be one of several companies providing sustainable target-date funds in the US.
But the deal raises the possibility other firms may go after the Securian advisors; Cetera and LPL have faced off in the past over recruiting advisors amid an acquisition.
The target-date funds will invest in actively managed sustainable and ESG-focused exchange-traded funds managed by Putnam.
PGIA has filed to replicate Vanguard’s model, which if approved, could potentially apply to 20 products with about $100 billion spread across the mutual fund issuer's 5 US subsidiaries.
