In this week's fund news, Voya acquires the investment advisory business of Tygh Capital Management; Hartford launches first semitransparent ETF; VanEck's bitcoin futures ETF lists; and Schwab introduces its first active and ESG ETF.
Franklin Templeton's announcement it will buy Lexington Partners, a private equity fund manager, for $1.75 billion, comes on the heels of T. Rowe Price's $4.2 billion purchase of Oak Hill Advisors.
While the five largest U.S. publicly traded companies may refer to themselves as "tech" companies, they're not technically "tech" stocks, which makes finding the right funds to invest in them challenging.
Given the subjectivity inherent in ESG ratings, they should be viewed not as objective ratings, but as opinions, writes Dimensional Fund Advisors' Will Collins-Dean.