Finance

ESG ETFs currently hold a combined $6 billion in assets. The firm expects that will grow to $500 billion in the next decade.

Financial advisors can reduce distractions and increase their profits by outsourcing these functions.

Indexes typically tracked by the funds are often excessively allocated to Treasurys and mortgage-backed securities.

One VanEck fund had $574 million of outflows, the most since June and almost 40% of its assets.

The Wealth Enhancement Group has reached $9.7 billion in client assets under a slew of M&A deals and substantial organic growth.

The new fund is part of State Street’s larger plan to push into so-called thematics.

The fund culls data on more than 6,000 public companies each day before picking about 100 of them to own.

The life planning innovator hopes to spark hundreds of conversations aimed at building an ideal civilization.

CEO Manny Roman expects the move will help the firm cash in when the next economic downturn comes.

The deal is the latest consolidation in the industry, which is experiencing pressure on revenues as investors flock to low-fee, passive index and ETFs.