Exchange-traded fund issuers have this year launched 115 active products versus just 51 passive funds, the first time active launches have ever outstripped passive.
Imagine a world where companies were allocated capital not only based on the potential profitability of the investment but also on the value that it could provide humanity generally.
In this week’s fund news, meme stock GameStop creeps into the Russell 1000 index, the SEC punts a decision on a Bitcoin ETF yet again, and the House passes ESG disclosure legislation.