Mutual Funds

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.

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.

Vanguard leads the way as industry prepares to shatter annual record with months to go.

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.

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.