Displaying 143 results
Support for ESG votes from BlackRock, State Street moderate at best: Morningstar
Vanguard was half as likely to vote for shareholder resolutions as BlackRock and State Street, a new report finds.
BNY hires first chief sustainability officer from BlackRock
Meaghan Muldoon, who had been global head of ESG integration at BlackRock, started in her new position at BNY Mellon this month.
State Street further extends proxy voting choice to ETFs
The new policy will apply to more than 80% of institutional equity fund assets and ETFs.
House hearing on ESG paints picture of two different Americas
Representatives took jabs at the other party and expressed opposing views on the potential of ESG.
Asset managers hash out the future of the 60/40 portfolio
For a lot of investors, moving beyond the classic allocation of 60% stocks and 40% bonds will mean a bigger allocation to alternatives and other active strategies.
BlackRock’s Dalia Blass leaves for law firm Sullivan & Cromwell
Blass, the former head of the SEC's division of investment management, led external affairs at BlackRock for two years.
Morningstar brings competing model portfolios onto its proprietary platform
BlackRock, T. Rowe Price, Fidelity and Clark Capital will get shelf space alongside Morningstar's own models.
Not investing in ESG doesn’t make you anti-ESG
As the environmental, social and governance space evolves, we're learning that the value from an investment perspective is not always best, even if it's always good.
Why that $6.2 billion outflow from an ESG ETF is not the end of sustainable investing
Excluding the iShares ESG Aware ETF, sustainable funds saw positive net sales so far this year, according to data from Morningstar Direct.
Anti-ESG’s punching bag, BlackRock, keeps rolling with new ESG funds
The biggest sustainable fund manager in the country is preparing to launch several more products.
Vanguard’s step back from climate issues sparks ire from some clients
More than 1,000 clients signed a letter accusing the fund company of violating its fiduciary duty.
Fintech Bytes: RBC selects Vestwell, Riskalyze partners with Opto
Plus, BetaNXT acquires Mediant Communications, Advisor360 hires a tech executive from Amazon Web Services, and InvestCloud innovates asset management distribution.
BlackRock closes FutureAdvisor’s retail business, moves clients to Ritholtz Wealth
FutureAdvisor joins a growing roster of robo-advisors that have closed up shop, including RobustWealth and Motif Investing.
Bond yields offer chance to fix the 40 in 60/40, BlackRock says
Stephen Laipply, US head of fixed-income ETFs at BlackRock, explains why now is a once-in-many-years opportunity to rebalance 60/40 portfolios.
Fund companies, in no-win situation, test shareholder proxy voting
BlackRock, Schwab, Vanguard and State Street could be inviting a political backlash with proxy voting campaigns aimed at avoiding a political backlash.
Northern Trust Asset Management fills president vacancy with BlackRock veteran
Daniel Gamba starts work as president of the $1.2 trillion asset manager on April 3.
BlackRock sustainability policy and engagement leader to depart
Paul Bodnar, who had advised former President Obama on climate, joined BlackRock in 2021.
Vanguard gives fund shareholders some proxy-voting power
Republicans have criticized the big asset managers over their proxy-voting practices.
Will 2023 be another banner year for 401(k) fee litigation?
There were 88 excess fee lawsuits against retirement plans last year, the second most ever, and Daniel Aronowitz of Euclid Fiduciary expects another busy year.
BNY Mellon, Wall Street firms find the lure of crypto too strong to resist
Despite all that’s gone wrong in the industry, the world’s largest custodian bank and other financial giants are hoping to expand in crypto.
