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Rising rates have advisors sprinting toward private credit
Such investments also address American banks’ declining interest in making smaller, less-liquid loans since the 2008 financial crisis.
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.
Anti-ESG group targets Bank of America
Will Hild’s Consumers’ Research is focusing on the second-largest US bank in its latest push against sustainable investing.
Florida bans use of ESG by public investments
The state’s Senate approved a bill that bans state and local governments from using environmental, social, governance criteria when selling debt or investing public money.
The latest in financial #AdvisorTech — April 2023
This month's highlights includes Altruist's purchase of Shareholders Service Group, BlackRock's closing of the retail arm of robo FutureAdvisor and Absolute Engagement's launch of an engagement tool.
BlackRock to offer two buffer ETFs that aim to limit investors’ losses
The two funds would both track the returns of the iShares Core S&P 500 ETF, using options to try to reduce potential fluctuations in investors' returns.
Fidelity to hire 4,000 positions by midyear
The firm goes on a hiring binge as rival asset managers trim headcount amid economic uncertainty and softening financial markets.
BlackRock, Citigroup among firms named as fossil-fuel boycotters by Kentucky
State legislation requires state entities to divest from firms on the list, with certain exceptions.
Big Three’s grip on ETF market continues to slip
Vanguard, BlackRock and State Street still command about 79% of all U.S. exchange-traded fund assets, but that's down from 91% in 2006.
GOP senators amping up efforts to rein in BlackRock, State Street, Vanguard on ESG issues
Report says the asset managers are using their stakes in public companies to cast proxy votes that favor a ‘liberal political agenda.’
BlackRock blindsided by Florida’s decision to pull $2 billion in anti-ESG move
The asset manager wasn’t aware of the decision until reading about it in a statement from Florida Chief Financial Officer Jimmy Patronis.
BlackRock’s Fink predicts most crypto firms will fold in wake of FTX meltdown
BlackRock was among the financial firms stung by the bankruptcy of the crypto exchange, having invested roughly $24 million in FTX through a fund of funds.
iShares files for ‘breakthrough’ environmental ETF
The fund would follow the Morningstar Global Emerging Green Technologies Select Index.
BlackRock to open proxy voting to some retail investors
Initially, the program will be available to UK investors, but it could eventually expand to all fund shareholders.
iShares files for three more ‘ESG aware’ ETFs
The world’s biggest asset manager keeps rolling out sustainability themed products.
Vanguard gaining ground on BlackRock in the $6 trillion US ETF universe
Nearly $45 billion flowed into Vanguard ETFs in the third quarter, compared to BlackRock Inc.’s $25 billion haul.
BlackRock plans crypto ETF that tracks firms with exposure to metaverse
The fund might include firms that have products or services tied to virtual platforms, social media, gaming, digital assets and augmented reality.
BlackRock and its ESG woes
The firm, which ramped up its presence in the ESG world over the past few years, can’t seem to please everyone, despite its efforts.
BlackRock says SEC proposal on ESG disclosures will backfire
The asset manager said requiring new disclosures for funds that just consider ESG criteria among many other factors could muddle the situation.
BlackRock sees investors turning to thematic ETFs to hedge against inflation
Interest seen in infrastructure, food-related and clean-energy themes as investors look for long-term structural trends.
