- Proxy choice extended to fund, ETF shareholders at largest index managers “In response to a mix of demand and political pressure, many of the largest equity index fund managers have recently extended the liberty of voting the underlying proxies to their own mutual fund and ETF shareholders. Such privilege previously only belonged to large asset owners in externally managed collective investment pools and separately managed accounts.” (Pensions & Investments)
- Goldman Sachs Discloses $710 Million Bitcoin ETF Holdings in SEC Filing “Goldman Sachs has significantly expanded its Bitcoin ETF holdings, as revealed in its latest 13F filing with the U.S. Securities and Exchange Commission (SEC). The Wall Street giant holds $710 million across various Bitcoin exchange-traded funds (ETFs), according to its latest SEC filing for the quarter ending September 30.” (Decrypt)
- BlackRock just did its first mutual fund-to-ETF conversion. Here’s why. “The conversion marks ‘a significant milestone for us,’ said Rachel Aguirre, head of U.S. iShares product at BlackRock, in a phone interview. ‘We do expect to convert additional mutual funds into active ETFs’ where it makes sense for the strategy and existing shareholders, she said.” (MarketWatch)
- ETFs Investors Have Been Buying Since the Election “In general (Friday’s pullback notwithstanding), investors have been feeling good about their investments and the prospects for the economy and financial markets going forward. That enthusiasm is reflected in ETF inflows, which surged to a new annual record last week thanks to $46 billion of inflows just over the past five trading sessions.” (ETF.com)
- Vanguard to double investor 'voting choice' program for 2025 “Top mutual fund manager Vanguard said clients will be able to direct the proxy votes of some $250 billion of its assets next year, doubling the scale of its effort to bring corporate democracy to the masses.” (Reuters)
- Spot Bitcoin ETF options are here — and they matter more than you think “Earlier this year, on Sep. 20, the U.S. Securities and Exchange Commission greenlit the first options for BlackRock’s iShares Bitcoin Trust. As of Nov. 19, Nasdaq has gone live with the listing and trading of these groundbreaking options.” (Crypto.news)
- Why Private Direct Lending Is an Attractive Alternative to Public Securities “The growth in direct middle-market loans originated by asset managers is partly explained by the growth in middle-market private equity. These loans are referred to as ‘sponsor-backed.’” (Morningstar)
- Private Credit ETFs Pose Risks for Retail Investors in Opaque Private Markets that Lack Investor Protections “This application for a private credit ETF further blurs the line between the public and private markets. Exchange-traded funds normally offer retail investors a way to diversify their risk while investing in the public markets. But this ETF will expose retail investors to private credit, a subset of the private markets usually open only to sophisticated market participants.” (Better Markets)
- The Election Is One More Headache for Clean Energy ETFs “Clean energy stocks have taken a fresh hit in the wake of the election, amid expectations that the new Trump administration may try to repeal incentives the Biden administration put in place for clean energy production, especially under the Inflation Reduction Act.” (Morningstar)
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