Investment

The Gen Z ETF, a joint venture between adviser Empowered Funds and Alkali Fintech, will track companies that Alkali deems most relevant to investors born between 1997 and the early 2010s.

Janus Henderson filed for the Janus Henderson B-BBB CLO exchange-traded fund (JBBB). If approved, it’ll invest at least 80% of assets in securities rated from BBB+ to B-.

Franklin Templeton joins a wave of deals in the direct or custom indexing space, with its plan to acquire O'Shaughnessy Asset Management and its custom indexing platform, Canvas.

MassMutual is debuting a crypto platform for RIAs, called Flourish Crypto, with third-party integrations to services from eMoney Advisor, Orion and Envestnet.

Crypto is risky, but the integration will unlock greater transparency into its diversification and correlation characteristics, says Riskalyze CEO Aaron Klein.

Charles Schwab is piloting Schwab Personalized Indexing among its employees, with plans for a 2022 launch for mass affluent investors and advisors.

Fidelity is rolling out the ability to trade fractional shares of equities and ETFs in real time initially for its RIA custody clients, with plans to expand to clearing clients in the next several months.