ETFs

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.

The actively managed Goldman Sachs Future Tech Leaders Equity ETF (GTEK) holds technology companies with market capitalizations under $100 billion from both developed and emerging nations.

The post-Labor Day week was the busiest for IPOs in almost two months.

SEC Chair Gary Gensler signaled this year that he could be open to a Bitcoin ETF as long as it complies with the strictest rules for mutual funds.

Betterment for Advisors has dropped investment minimums and remodeled its custom model portfolios.

Dimensional in June became only the second U.S. issuer to pull off a conversion, transforming $29 billion worth of mutual funds into ETFs in an industry record.

With about $42.4 billion in its ETFs, Cathie Wood’s firm now ranks as the 11th largest issuer by assets.

There are more than 300 ETFs that own a stake in Apple, with over 200 equity ETFs holding a top-10 position.

The VanEck HIP Sustainable Muni ETF will focus on investments in projects that advance sustainability or those with "positive social, environmental and economic outcomes."