Banco Popular de Puerto Rico

It’s the best debut for any U.S. ETF this year, and a sign it’s not the only firm that sees potential in the sector.

Many firms are modifying their ETFs’ existing mandates to be ESG-oriented without forcing investors to sell — and thus avoiding a tax bite.

While several tech giants have done away with the clause in the past few years, the process remains widespread on Wall Street, which pioneered it decades ago.

The BlackRock fund recorded its largest one-day outflow in five years as the sector becomes a political lightening rod for Republicans and Democrats alike.

The firm, like many of its European peers, has dialed back its ambitions amid negative interest rates and muted client activity.

While it’s debatable whether private donations should matter to an investor, transparency rules could become an issue as global warming accelerates.

The nearly $4.5 billion deal is another case of consolidation in the industry, as firms grapple with falling fees and the rising challenge from managers of index-tracking funds.

The investing strategy “is close to saturation,” and the cost of keeping up with the competition may be to blame, a new study suggests.

The $180 billion asset manager is moving ahead with plans for actively-managed ETFs that disclose their holdings like mutual funds.

The all-stock takeover adds E-Trade’s $360 billion of client assets to Morgan Stanley’s $2.7 trillion.