Advisors on the Envestnet platform use allocation models, company executives say. Building ETFs that combine passive investments with active management for those models is the next logical step.
The $36 billion Vanguard Short-Term Corporate Bond ETF (VCSH) has bled nearly $5.5 billion this year, the most year-to-date since its inception in 2009.
GraniteShares is looking to debut funds focused on American Airlines Group Inc., Apple Inc., Coinbase Global Inc., Meta Platforms Inc., Tesla Inc., among others.
At the end of last year, there were a record 1,206 mutual funds and exchange-traded funds globally with a climate-related focus, up from 950 at the end of 2021.
Just 58 sustainable exchange-traded funds launched globally in the first quarter of 2023, a far cry from the 101 funds that were introduced during the same period last year.
Classic Asset Management will pay more than $933,000 to settle charges with the commission. The settlement comes several months after the SEC’s Exam Division cited leveraged ETFs as a main area of focus.