In this week's fund news, Parametric debuts lower minimums for tax-managed SMAs; Viridi launches first clean energy crypto mining fund in the U.S.; and index-based products drove a notable record for fund inflows over the first half of the year.
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.
