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.
Northern Trust data shows US pension and endowment plans surged on broad equity rallies, with foundations leading all plan types.
From IBM's cybercrime data to Gallup's trust survey and insider selling at Nvidia and CoreWeave, the warning signs are real — even if one firm thinks the market is misreading the numbers.
Bixby Wealth Solutions, backed by Carlyle's Global Credit business, acquires a stake in the $11 billion AUM firm.
New research tests 10,000 market scenarios and finds a hybrid annuity-withdrawal strategy consistently outperforms pure approaches for retirees.
Meanwhile in Florida, Raymond James welcomed a multigenerational advisor group from Stifel, while Merrill reeled in Morgan Stanley advisors in the Chicago North and Nashville markets.
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
