In this week's fund news, Cerulli predicts direct indexing's rise, ProShares and Invesco bitcoin futures ETFs may start trading next week, RadiantESG selects STP for operations, and Moneta hires a new head of alternatives.
Given the subjectivity inherent in ESG ratings, they should be viewed not as objective ratings, but as opinions, writes Dimensional Fund Advisors' Will Collins-Dean.
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.
Franklin Templeton joins a wave of deals in the direct or custom indexing space, with its plan to acquire O'Shaughnessy Asset Management and its custom indexing platform, Canvas.
Fidelity is rolling out the ability to trade fractional shares of equities and ETFs in real time initially for its RIA custody clients, with plans to expand to clearing clients in the next several months.
Conviction has been rising in recent years that slicing bonds by factors like value and price momentum provides a way to outperform traditional investing styles.