BlackRock

Challenges abound even without the issues posed by inconsistent global definitions.

SEC Commissioner Robert Jackson Jr. said his office studied 15 years of data to assess how the firms utilized their power on hundreds of proposals.

“The market is actually using proxies for understanding ESG data,” says BlackRock’s global head of sustainable investing.

The expansion is intended to free advisors to spend more time on client-facing tasks, executives say.

More than $1 trillion is invested in bond ETFs, with trading leaping 41% in 2018 from a year earlier, according to research.

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

Geopolitical friction and a slowdown in global economic growth have boosted the metal’s demand despite signs of recent wavering.

“We need someone with a deep understanding of BlackRock, our business and, above all, our culture,” CEO Larry Fink wrote in a memo.

The strategies will invest in corporate bonds and large companies that issue high dividends, or have a growth or value tilt, documents show.

The firms broke with Climate Action 100+, a group of money managers overseeing more than $33 trillion, during this proxy season.