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Vanguard CEO Buckley tiptoes around ESG, embraces AI
'ESG funds are not the next great innovation,’ Tim Buckley said at an Investment Company Institute conference. 'They’re a client preference, and we need to treat it as such.'
New ETF uses artificial intelligence to time the market
The fourth ETF from upstart Qraft will test the limits of AI by going in and out of the market based on what the data say.
Insurers take heat from shareholders over oil and gas coverage
Resolutions asking companies to phase out coverage for new projects aren't doing as well as those pushing insurers to disclose plans for their climate goals.
BNY Mellon ups its cash management game
Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.
Fund shops focused on ESG despite pushback, reports show
More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.
As You Sow shines light on fossil fuels in 401(k) bond funds
An analysis tool on its Invest Your Values site gives participants a peek into the exposure their plans have.
Envestnet launches ETFs blending active and passive strategies
The four ETFs consist of passive and factor-based exposures managed by Envestnet and active exposures managed by third-party investment managers.
Guaranteed lifetime income products mark a new era of retirement plan design
Fifty years after the passage of ERISA, the insurance industry has come to the rescue with solutions that allow retirement plans to address the problem of decumulation.
More ESG ETFs close as issuers lose patience
Just 58 sustainable exchange-traded funds launched globally in the first quarter, down from 101 that were introduced during the same period last year.
Advisors stick with Treasuries despite political tension over debt limit
'It's sort of like the nicest house on an ugly block, which, relatively speaking, is the best place to be,' said one advisor.
SEC orders firm, advisor to pay $933,341 for misuse of leveraged ETFs
The North Dakota firm and one of its advisors didn't understand the risks associated with the complex products and failed to determine whether they were in clients' best interests, the agency says.
Strive Asset Management fills leadership vacuum created by CEO’s run for president
Chief investment officer Matt Cole takes on the added role of CEO at the disruptive new asset management shop after Vivek Ramaswamy's departure.
State Street rolls out second 401(k) target-date series featuring an annuity
The plan feature is provided by Global Trust Co. and Annexus Retirement Solutions.
Protesters block Vanguard office over climate policy
A total of 16 people, many affiliated with a Quaker group, were arrested Wednesday outside the company's Malvern, Pennsylvania, headquarters.
Barclays to shut 21 ETNs a year after major error tied to products
The redemption announcement comes after the UK-based lender said it had erroneously sold $15 billion more structured notes and ETNs over the course of about a year than it had registered for.
Lawmakers press Gensler over climate, crypto and rulemaking pace
Republicans on the House Financial Services Committee questioned the SEC leader about the roughly 50 rules the agency has proposed over the past two years.
Not investing in ESG doesn’t make you anti-ESG
As the environmental, social and governance space evolves, we're learning that the value from an investment perspective is not always best, even if it's always good.
DWS ESG fund launch sets record for sales, at another ETF’s expense
A big client moved $2 billion from a different Xtrackers ESG exchange-traded fund to the new fund, the Xtrackers MSCI USA Climate Action Equity ETF.
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.
MSCI to downgrade ESG ratings on over 30,000 funds
The firm’s ratings unit overhauls its methodology as ESG score providers continue to draw criticism for using inconsistent approaches that have yet to be properly regulated.
