BlackRock

Markets have been whipsawed by mounting concern over softer economic data and President Trump’s trade wars with major partners.

Bullion gains have intensified amid signs that the Fed and other central banks are turning more dovish on monetary policy.

They say banks have good policies but discourage use of them.

The firm says it will focus the new funds on tech, demographics, urbanization, climate change and emerging global wealth.

Under new leadership, the firm’s iShares unit intends to create funds that it says go beyond traditional sectors and geographic focuses.

Worries over weak U.S. data, the impact of President Trump’s multi-front trade war and the interest rate outlook has whipsawed investors in recent weeks.

Activist investors have taken large stakes in at least 100 of the products so far this year.

BlackRock will appoint an “independent fiduciary to vote” on proxies, according to a spokesman.

The SEC has just approved an ETF with negative fees — a sign that fund managers need to continue adjusting to their straitened circumstances.

One of its products added a record $368 million after the firm discreetly slashed its fee in March.