A quirk in the way many environmental, social and governance indexes are built means several ESG funds hold stakes in big oil producers such as Exxon Mobil Corp. and Chevron Corp.

The Amplify Thematic All-Stars ETF will pick up companies favored by funds targeting technology, health care, sustainability and more, according to a filing to the SEC.

The ETF industry overall lured a record $251 billion in the first quarter, with $210 billion going into equities.

The SEC said in a filing Wednesday that the agency is pushing its decision on whether to “approve or disapprove, or institute proceedings to determine whether to disapprove” the structure to June 17.

Investors put $2 billion into the Vanguard Short-Term Treasury ETF (VGSH) and about $660 million into the Schwab Short-Term U.S. Treasury ETF (SCHO) last week -- a record for both funds,

In fund news this week, global climate–themed fund assets triple, Vanguard's John Hollyer to retire, and ETF.com announces annual award winners.

Michael Green, a known critic of passive investing, is joining Simplify Asset Management, a $274 million issuer of ETFs as chief strategist and portfolio manager.