Creative Planning CEO Peter Mallouk and entrepreneur Mark Cuban make a big bet on crypto, Amazon and Netflix versus the S&P 500; Nottingham gets approval for mutual fund-to-ETF conversion; and CI Global launches an Ethereum mutual fund.
A quirk in the way many environmental, social and governance indexes are built means several ESG funds hold stakes in big oil producers such as Exxon Mobil Corp. and Chevron Corp.
The Amplify Thematic All-Stars ETF will pick up companies favored by funds targeting technology, health care, sustainability and more, according to a filing to the SEC.
The SEC said in a filing Wednesday that the agency is pushing its decision on whether to “approve or disapprove, or institute proceedings to determine whether to disapprove” the structure to June 17.