Exactly 50 years ago on July 1, Mac McQuown and his team of academics created the first-ever index fund -- an innovation that would take a sledgehammer to the money-management establishment and evolve into a more than $11 trillion industry.
The ESG portfolios are under the same pricing structure as First Ascent's other portfolios for advisors; a direct indexing offering is also in the works.
The ARK 21Shares Bitcoin ETF, trading under ARKB, would track the performance of the world’s largest cryptocurrency as measured by the S&P Bitcoin Index.
Gitterman Wealth Management co-founder Jeffrey Gitterman on how his firm focuses on sustainable investing, making sense of ESG data and where he sees opportunities for advisors to grow.
The stock picker turned cult figure, who seemingly got every call right as the coronavirus outbreak reshaped the U.S. economy in 2020, earlier this year suffered her first major blow since emerging into the mainstream.
In this week's fund news, Evolution Private Investment Collective aims to bring private markets strategies to advisors; Engine No. 1's new ETF targets impacting companies through proxy voting; and Amplify introduces a new cleaner living ETF.
The five ETFs collectively lured about $13.5 billion on Wednesday amid the rebalancing of the FTSE Russell indexes, compared with a $37 million inflow for all five funds last week.