Not only are ETFs being enthusiastically deployed by discretionary managers of all stripes, they’re often designed in more active ways than their detractors would have you believe.

The Invesco S&P 500 Low Volatility ETF (SPLV) rebalanced in August to add more weight to utilities and real estate, while lowering its reliance on consumer staples and the financial sector.

In this week's fund news, a new Morningstar report shows investors are more likely to allocate to funds based on diversity data; Wave Financial Group launches an NFT fund; and Wells Fargo, JP Morgan bring Bitcoin funds to wealthy clients.

SoFi moved client assets without properly taking into account the tax consequences for its clients, according to the SEC. 

Palantir’s 100-ounce gold bars will be kept in a secure location in the northeastern U.S.