Mutual Funds

ESG might bring with it a revival of active management that will also encompass ETFs.

The commission's Division of Examinations said it had found examples of 'potentially misleading statements' concerning ESG processes, according to a recent risk alert.

In this week’s fund news, Grayscale hopes to convert its Bitcoin Trust into an ETF; Schwab joins the nontransparent active ETF game; and Invesco plans to integrate ESG into all its investments.

Relative to the S&P 500, funds that track companies that meet ESG standards have more exposure to cyclical sectors than the broader industry.

Guinness Atkinson Funds announced it had converted two of its mutual funds into the SmartETFs Dividend Builder (DIVS) and SmartETFs Asia Pacific Dividend Builder (ADIV).

Twelve months after two American Century products became the first to launch in the U.S., the 24 funds now in existence have lured about $1 billion in flows.

In this week's fund news, SPDR’s head of research, Matthew Bartolini, uses the GME frenzy as a case study for ETFs’ effectiveness; the Mooch and Fidelity file for Bitcoin ETFs; and iShares and State Street slash ETF fees.