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.
Despite the marketing push around investment products and ESG funds, there is no one-size-fits-all approach to sustainable investing.
While the Biden administration is seen as favoring ESG-focused investments, regulators’ attitudes have varied over the years.
In this week’s fund news, Goldman offers share classes to support scholarships for Black women; a Senate proposal threatens ETFs’ tax efficiency; and Northern Trust hires a new CIO.