In this week's fund news, Vanguard is bringing private equity to individual investors, an ETF based on Barney Frank's LGBTQ Index goes to market, and Wells Fargo is to become the latest to allow wealthy clients to access cryptos.
One legal expert says mutual fund sponsors are afraid they’ll lose assets in an ETF conversion. But the secret to an alternative may lie in a Vanguard patent that expires in 2022.
Teenagers ages 13 to 17 will be able to trade U.S.-listed stocks, Fidelity mutual funds and most exchange-traded funds, with no account fees or commissions.
In this week's fund news, OSAM's direct index platform Canvas adds four defensive and dividend-growth models, Cboe files to list Fidelity Bitcoin ETF, and ETF Managers Group lists a new cannabis ETF with U.S. exposure.
New SEC Chair Gary Gensler's recent comments have thrown cold water on speculation that the SEC would quickly approve a Bitcoin exchange-traded fund.
In this week's fund news, two congressional leaders put target-date funds under scrutiny, Yale's endowment head David Swensen dies, and Alger launches a new semi-transparent active ETF.
The $36 billion Grayscale Bitcoin Trust was for a long time one of very few ways to get exposure to Bitcoin without buying the digital asset directly.
Creative Planning CEO Peter Mallouk and entrepreneur Mark Cuban make a big bet on crypto, Amazon and Netflix versus the S&P 500; Nottingham gets approval for mutual fund-to-ETF conversion; and CI Global launches an Ethereum mutual fund.
In all, 76 new climate-focused funds were introduced in 2020, bringing the worldwide total to about 400 offerings.
