In this week's fund news, cryptos collide with the insurance world and other developments, RetireOne brings novel unbundled annuity to fee-based advisors, and VanEck's newest moat ETF adds an ESG screen.
ETF launches surged in September as sponsors brought more than 60 new products to the market. Here's a look at the first half of the month's total launches.
In this week's fund news, firms bulk up their direct indexing capabilities, Vanguard merges target-date funds, DFA expands its SMAs and slashes minimums, and a new BlackRock tool helps advisors invest in private markets.
The Gen Z ETF, a joint venture between adviser Empowered Funds and Alkali Fintech, will track companies that Alkali deems most relevant to investors born between 1997 and the early 2010s.