DWS is preparing an Xtrackers ETF that would invest in companies seen as leaders in addressing climate change in their businesses.
Last month, the company filed a prospectus for the Xtrackers MSCI USA Climate Action Equity ETF, which would focus on large- and mid-cap companies. The index targets 50% coverage of companies from each sector in MSCI’s USA Index. It currently includes 313 securities, according to the filing with the Securities and Exchange Commission.
The prospectus filed Dec. 29, 2022, would be effective as of March 15. The forthcoming fund would be Xtrackers’ 14th ESG-themed ETF.
Portfolio managers are DBX Advisors vice presidents Bryan Richards, Patrick Dwyer, Shlomo Bassous and Ashif Shaikh. The prospectus did not yet include fee information.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
