The proposals by ProShares and Invesco Ltd. are based on futures contracts and were filed under mutual fund rules that SEC Chairman Gary Gensler has said provide “significant investor protections.”
In designing the Hoya Capital High Dividend Yield ETF, the fund manager focused on how different market environments affect property sector weights and diversification rules it set for the index.
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.