Charles Schwab Investment Management has filed a registration statement with the SEC for its first actively managed exchange-traded fund.
The fund, the Schwab Ariel ESG ETF, also will be Schwab's first fund based on environmental, social and governance criteria.
The fund will be sub-advised by Ariel Investments and make its holdings public with a 60-day lag via periodic regulatory filings. However, the fund will post a daily proxy portfolio.
The new ETF will be listed on the NYSE and invest primarily in small- and mid-cap stocks that fall into the range of the Russell 2500 index and meet criteria set by Ariel Investments’ ESG strategy.
With a new regime at the SEC, Savvy Wealth's Lisandra Wilmott speaks out on ongoing and unfolding risks around off-channel communications, AI, and private market investments.
The veteran leader from Cresset will support Emigrant’s network of high-net-worth advisory firms and specialty platforms.
Gallup finds 42% of American adults under 30 are getting financial advice from social media, raising concerns of "misinformation being shared by finfluencers."
Draft tax legislation by House Republicans raises concerns for aid-giving private universities, with steep hikes on levies based on "lifeblood" endowment dollars per pupil.
But that doesn’t mean the contentiousness between the two is over.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
