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BlackRock tries again at target-date ETFs
RETIREMENT PLANNING OCT 20, 2023
BlackRock tries again at target-date ETFs

BlackRock is the only company offering target-date ETFs to investors outside of 401(k)s — but there is a question about whether there is much of a market for that.

By Emile Hallez
Bearishness may spark near-term stock rally, says BofA
EQUITIES OCT 20, 2023
Bearishness may spark near-term stock rally, says BofA

Strategist Michael Hartnett sees a 'contrarian buy signal.'

By Bloomberg
Another new custodian enters the RIA market
CUSTODIAN OCT 19, 2023
Another new custodian enters the RIA market

Innovayte is targeting RIAs with $100 million to $800 million in assets and will be led by Catherine “Cat” Davies, a clearing and custody industry veteran.

By Bruce Kelly
Banks’ green fees overtake fossil-fuel fees for second year
ESG OCT 19, 2023
Banks’ green fees overtake fossil-fuel fees for second year

Banks have generated about $2.5 billion from climate-focused financing so far this year, compared with $2.2 billion from their work with oil, gas and coal companies.

By Bloomberg
Global alternatives market set to reach $24.5T, private credit AUM to double
ALTERNATIVES OCT 19, 2023
Global alternatives market set to reach $24.5T, private credit AUM to double

Analysts forecast an $8 trillion surge in the next five years.

By Steve Randall
JPMorgan favors 60/40 over cash for the next decade
EQUITIES OCT 19, 2023
JPMorgan favors 60/40 over cash for the next decade

The stalwart strategy for investing is far from dead say Wall Street experts.

By Bloomberg
Dan Wiener steps back from the $15B RIA he co-founded
RIAS OCT 18, 2023
Dan Wiener steps back from the $15B RIA he co-founded

A focus on Vanguard led to a long-running independent newsletter and then a successful RIA.

By Emile Hallez
Out of sight but top of mind: SEC maintains ESG focus despite absence in exam priorities
ESG OCT 18, 2023
Out of sight but top of mind: SEC maintains ESG focus despite absence in exam priorities

'Firms should continue with rigor and diligence to operate their ESG risk and compliance programs,' a compliance expert says.

By Mark Schoeff Jr.
NYSE, Nasdaq volume discounts for brokers threatened by SEC proposal
EQUITIES OCT 18, 2023
NYSE, Nasdaq volume discounts for brokers threatened by SEC proposal

The setup can result in larger firms offering customers better transaction prices than smaller ones, SEC Chair Gary Gensler said.

By Bloomberg
SEC to investment funds: Quit playing name games
OPINION OCT 18, 2023
SEC to investment funds: Quit playing name games

For years, investors in mutual funds and ETFs have been investing in products whose actual portfolio holdings can stray dramatically from what's implied by the name of the fund.

By Paul Andrews
Treasury market volatility feels like pandemic-era 2020
FIXED INCOME OCT 17, 2023
Treasury market volatility feels like pandemic-era 2020

Volatility is heightened by uncertainty but yields are still trending higher.

By Bloomberg
How to avoid stock overlap in world full of ETFs
ETFS OCT 16, 2023
How to avoid stock overlap in world full of ETFs

The more funds an advisor adds to a client's portfolio, the higher the likelihood of serious stock duplication.

By Gregg Greenberg
Grayscale bitcoin discount narrows with conversion to ETF seen as ‘inevitable’
ETFS OCT 16, 2023
Grayscale bitcoin discount narrows with conversion to ETF seen as ‘inevitable’

The prospect of Grayscale converting its bitcoin trust into an ETF is seen as more likely after the SEC declined to appeal a court ruling in Grayscale's favor.

By Bloomberg
SEC won't appeal Grayscale court ruling, paving way for spot bitcoin ETF
ETFS OCT 14, 2023
SEC won't appeal Grayscale court ruling, paving way for spot bitcoin ETF

The federal appeals court ruling in August was heralded by crypto advocates as a watershed moment for the industry.

By Bloomberg
Wall Street pros lose $10B in Treasury ETF but many keep hoping
FIXED INCOME OCT 13, 2023
Wall Street pros lose $10B in Treasury ETF but many keep hoping

The iShares 20+ Year Treasury Bond ETF continues to gain inflows.

By Bloomberg
House Republican demands SEC turn over ESG documents
ESG OCT 12, 2023
House Republican demands SEC turn over ESG documents

House Oversight Committee Chairman James Comer wants to know about US involvement in crafting EU ESG regulations.

By Bloomberg
Goldman exec cites 'circular economy' stocks as way to duck hedge fund ESG attacks
ESG OCT 12, 2023
Goldman exec cites 'circular economy' stocks as way to duck hedge fund ESG attacks

Investors are looking beyond conventional renewables as profit margins get battered by inflation and supply chain bottlenecks.

By Bloomberg
SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds
MUTUAL FUNDS OCT 11, 2023
SEC orders firm to pay $1.3M for failing to disclose conflicts related to high-cost funds

'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.

By Mark Schoeff Jr.
Elite Wall Street firms are surrendering to the ETF boom
ETFS OCT 11, 2023
Elite Wall Street firms are surrendering to the ETF boom

Some money managers are starting to convert separately managed accounts to ETFs to take advantage of the tax efficiency of the ETF wrapper.

By Bloomberg
PGIM cuts fees on target-date funds
RETIREMENT PLANNING OCT 10, 2023
PGIM cuts fees on target-date funds

The TDF series will be renamed PGIM Target Date Funds, and some underlying investments will be changed.

By InvestmentNews