BlackRock’s iShares is prepping an ETF that would invest in “breakthrough innovations” and tech to help address climate change.
That fund, the iShares Breakthrough Environmental Solutions ETF, would track Morningstar’s Global Emerging Green Technologies Select Index, which includes U.S. and foreign companies, according to an initial prospectus. The company filed Monday for the forthcoming ETF with the Securities and Exchange Commission.
The index is similar to the Morningstar Global Markets ex India Index, except that it excludes smaller market-cap companies as well as those with business in controversial areas such as tobacco, weapons and thermal coal.
Portfolio managers for the ETF are BlackRock’s Jennifer Hsui, Greg Savage, Paul Whitehead and Amy Whitelaw. An expense ratio for the ETF was not provided in the initial filing.
Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.
From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.
"The outcome is correct, but it's disappointing that FINRA had ample opportunity to investigate the merits of clients' allegations in these claims, including the testimony in the three investor arbitrations with hearings," Jeff Erez, a plaintiff's attorney representing a large portion of the Stifel clients, said.
Chair also praised the passage of stablecoin legislation this week.
Maridea Wealth Management's deal in Chicago, Illinois is its first after securing a strategic investment in April.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
