They're often terrible at hitting their targets.

Imagine a world where companies were allocated capital not only based on the potential profitability of the investment but also on the value that it could provide humanity generally.

In this week’s fund news, meme stock GameStop creeps into the Russell 1000 index, the SEC punts a decision on a Bitcoin ETF yet again, and the House passes ESG disclosure legislation.

While $1 trillion sounds like a vast amount, it would only equate to about 10% of the mutual fund world.

The move puts Dimensional on the cusp of being one of the 10 biggest U.S. ETF issuers by assets and takes its lineup to seven funds.

In this week’s fund news, Morningstar provides a framework for climate change disclosures; T. Rowe launches fifth active ETF; and the space ETF UFO reminds investors 'unidentified aerial phenomena' may pose a risk.

Thematic funds also come out ahead; Bob Doll joins faith-based asset manager; State Street CIO retires; and Nuveen adds portfolio managers on both coasts.

Almost 70% of large-cap funds were ahead of their benchmarks, sporting their best May since 1991.

The charges against the executives of LJM Funds Management and LJM Partners claim they failed to inform investors about potential losses. The funds later suffered a $1 billion loss.

In this week's fund news, Keebeck Wealth Management brings Halo's structured products to clients; Putnam's first active ETFs go live; and CoinShares takes a stake in fund company launching first U.S. ESG crypto mining ETF.