Blackrock is changing the underlying indexes of the increasingly popular municipal bond ETFs with potential exposure to higher quality bonds and a broader selection of issuers.
In this week’s fund news, Vanguard and BlackRock take stakes in Just Invest and SpiderRock, respectively; Goldman rolls out its first transparent active equity ETF; and Jacob Asset Management gets into the ETF business.
The actively managed JFWD will invest in “innovative, forward-thinking companies that the team believes are leveraging technology to create significant competitive advantages.”
GSFP is Goldman Sachs' first transparent, actively managed ETF and it will invest in companies seeking solutions to environmental problems in clean energy, resource efficiency, sustainable consumption, the circular economy and water sustainability.
While fiduciaries do not have to avoid ESG-related investments, they do need to put them through the same prudent, thorough and well-documented process that they use to consider all plan investments.
Grayscale Investments will use BNY Mellon for exchange-traded fund services upon the hoped-for conversion of its $21.5 billion Grayscale Bitcoin Trust (GBTC)
The head of Ark Investment Management LLC will assist fintech platform Tifin as the company’s subsidiary Magnifi introduces commission-free brokerage services.