Following a strong November, active funds were on pace to have their best year versus their benchmarks since 2017, with 45% outperforming, according to Bank of America.
ESG investing is not just for the 'woke.' We all have values that drive our decisions in life, influencing everything from the food we eat to the relationships we establish.
The tide has been shifting for years in an embrace of ETFs’ easier-to-trade and tax-friendly structure.
One upside of the Fed’s inflation fight has been a surge in the rates paid by mutual funds that invest mostly in short-term government bonds.
This year’s inflows to muni ETFs are double the average of the last three years, bringing overall holdings to $105 billion.
The SEC said the Goldman Sachs Asset Management unit “had several policies and procedures failures involving the ESG research its investment teams used to select and monitor securities.”
So far in 2022, more than $446 billion has been withdrawn from US fixed-income mutual funds, a record exodus. About $154 billion has poured into bond ETFs instead.
Shareholders may have to pay tax even if their fund lost money this year.
'Broken' GBTC shows the superiority of the ETF structure, according to The ETF Store's Nate Geraci.
Starting early next year, Vanguard will begin testing giving individual investors in several equity index funds more options about how their shares are voted.