Mutual Funds

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BlackRock wants to slash costs of trading bitcoin
ALTERNATIVES JUL 06, 2023
BlackRock wants to slash costs of trading bitcoin

But will the SEC agree that the asset manager’s refiled application will facilitate the democratization of crypto trading?

By Bloomberg
Strong first half for markets forces advisors to defend pessimistic outlooks
RIA NEWS JUL 03, 2023
Strong first half for markets forces advisors to defend pessimistic outlooks

The broad markets are climbing a wall of worry, although that's been overshadowed by the triple-digit returns of tech sector highfliers.

By Jeff Benjamin
Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions
ALTERNATIVES JUL 03, 2023
Fidelity leads flurry of bitcoin ETF refilings to answer SEC questions

All five of the refiled applications indicated that Coinbase will provide market surveillance for their funds, a fact that wasn't included in previous iterations.

By Bloomberg
SEC's rejection of BlackRock bitcoin ETF unlikely to derail eventual approval
ALTERNATIVES JUN 30, 2023
SEC's rejection of BlackRock bitcoin ETF unlikely to derail eventual approval

Rejection screams 'we're ready to approve,' says financial planner.

By Ryan W. Neal
Fidelity joins race for spot-bitcoin ETF with SEC filing
ALTERNATIVES JUN 30, 2023
Fidelity joins race for spot-bitcoin ETF with SEC filing

It's the latest high-profile traditional financial finance firm to file for such an exchange-traded fund, after BlackRock made a splash with its June 15 application.

By Bloomberg
Fidelity to convert $13 billion of mutual funds into ETFs
MUTUAL FUNDS JUN 29, 2023
Fidelity to convert $13 billion of mutual funds into ETFs

The shift from mutual funds to exchange-traded funds has affected almost $100 billion in assets, as investors opt for lower-cost, tax-efficient ETFs over mutual funds.

By Bloomberg
Inflation-safe ETFs see record $17 billion exit
MUTUAL FUNDS JUN 28, 2023
Inflation-safe ETFs see record $17 billion exit

Exchange-traded funds designed to protect against inflation have faltered in the face of still sticky price pressure, leading many investors to rush for the exits.

By Bloomberg
ETF designed to climb along with interest rates adjusts in stride with Fed
RIA NEWS JUN 20, 2023
ETF designed to climb along with interest rates adjusts in stride with Fed

FolioBeyond's Rising Rates ETF is being renamed the Alternative Income and Interest Rate Hedge ETF.

By Jeff Benjamin
T. Rowe launches its first transparent active equity ETFs
EQUITIES JUN 20, 2023
T. Rowe launches its first transparent active equity ETFs

The storied mutual fund complex was late to the exchange-traded fund game but has attracted $1 billion in ETF assets since launching its first suite of funds three years ago.

By Jeff Benjamin
ESG returns rebound, taking some gas out of performance debate
MUTUAL FUNDS JUN 16, 2023
ESG returns rebound, taking some gas out of performance debate

There are lessons in the data for politicians who are pro- or anti-ESG, but the numbers might be dismissed.

By Emile Hallez
BlackRock bitcoin ETF has crypto fans wondering about change of course at SEC
RIA NEWS JUN 16, 2023
BlackRock bitcoin ETF has crypto fans wondering about change of course at SEC

Given the three dozen others that have filed for a bitcoin ETF without success, ETF watchers are wondering if BlackRock has an inside track to gain approval.

By Jeff Benjamin
Finra spanks Schwab with $350,000 fine over disclosures on ETNs
ALTERNATIVES JUN 13, 2023
Finra spanks Schwab with $350,000 fine over disclosures on ETNs

Schwab self-reported the issues with disclosures related to exchange-traded notes, which occurred from January 2016 to December 2020, to Finra.

By Bruce Kelly
Fidelity bulks up its 'disruptor' suite with 6 new thematic ETFs
RIA NEWS JUN 13, 2023
Fidelity bulks up its 'disruptor' suite with 6 new thematic ETFs

The asset manager is banking on financial advisors' growing interest in targeted investment strategies.

By Jeff Benjamin
ETF niche players combine to form nearly $8 billion suite of specialty funds
RIA NEWS JUN 12, 2023
ETF niche players combine to form nearly $8 billion suite of specialty funds

Amplify ETFs is acquiring the assets of ETF Managers Group, bringing under one roof funds that offer exposure to marijuana, blockchain, artificial intelligence and more.

By Jeff Benjamin
Anti-ESG funds started with roar, tapered to meow, report finds
RIA NEWS JUN 08, 2023
Anti-ESG funds started with roar, tapered to meow, report finds

Sales were strong late last year amid several ETF launches in this category, but have since slowed, according to Morningstar.

By Emile Hallez
Franklin Templeton's Putnam buy raises doubts about scaling old-school asset management
RETIREMENT PLANNING MAY 31, 2023
Franklin Templeton's Putnam buy raises doubts about scaling old-school asset management

The $1.4 trillion fund company continues to grow through acquisitions in a shrinking category.

By Jeff Benjamin
House bill would nix ESG funds in Thrift Savings Plan
RETIREMENT PLANNING MAY 30, 2023
House bill would nix ESG funds in Thrift Savings Plan

The retirement plan for federal government workers also includes numerous Christian and 'pro-life' funds that would seemingly be affected by the legislation.

By Emile Hallez
Finra fines Vanguard $800,000 for misleading information on money market accounts
MUTUAL FUNDS MAY 26, 2023
Finra fines Vanguard $800,000 for misleading information on money market accounts

The firm miscalculated annual yield and income for nine funds on approximately 8.5 million statements. It also failed to act promptly when customers noticed something was wrong.

By Mark Schoeff Jr.
Nvidia stock spike shines light on ETFs offering AI exposure
EQUITIES MAY 26, 2023
Nvidia stock spike shines light on ETFs offering AI exposure

As interest in artificial intelligence grows, it's worth looking under the hood of sector ETFs.

By Jeff Benjamin
Debt-limit concerns push money market funds to fresh record
MUTUAL FUNDS MAY 26, 2023
Debt-limit concerns push money market funds to fresh record

About $46.7 billion poured into US money market funds in the week ended Wednesday as investors piled into assets offering relatively safer returns amid the uncertainty around talks on extending the US debt limit.

By Bloomberg