BlackRock

The asset management giant announced new policies on climate change and gender balance Monday that include requirements for portfolio companies to manage their environmental impact.

The world's largest asset managers voted against many more directors than the previous year based on climate and racial equity issues.

Titan plans to challenge Fidelity and BlackRock and attract younger generations to active investing.

Institutions with notable holdings in multiple firms across industries are less likely to panic sell, according to the researchers.

JPMorgan, BlackRock and Morgan Stanley say the bond-market gains that have sent yields into a sudden tailspin are nothing to worry about.

Goldman Sachs Group strategists recently noted U.S. money market fund assets ballooned to a record $5.5 trillion during the pandemic, showing there’s a lot of cash on the sidelines.

A state treasurer’s program in collaboration with the Ford Foundation has attracted 18 firms including UBS, BlackRock, Morgan Stanley, Citi and Goldman Sachs.

Concern has already seeped into U.S. markets with the cost of goods including lumber and steel rising this year.

Not only are the portfolios similar, but performance is nearly identical, writes Bloomberg’s Aaron Brown.

Clients poured about $1.25 billion into the fund in its first day of trading.

Unlike competing financial services firms, the asset manager has agreed to undergo a racial audit.

The firm will enlist law firm Paul, Weiss, Rifkind, Wharton & Garrison to review the issue and other incidents to surface in recent weeks.

The firm has been locked in a contest with runner-up Vanguard for flows, with the latter winning last year for the first time since 2013.

The asset manager said it's particularly interested in how firms are behaving in the communities in which they operate, be it locally or via their supply chains.

Over the past year, the lineup of stock and bond funds notched an average gain of more than 25%.

The strategy has become the least-loved of the smart beta universe after failing to protect against market swings last year.

“This looks like pockets of frothiness, some irrationality undoubtedly, some nonsense undoubtedly," said BlackRock Vice Chairman Philipp Hildebrand.

BlackRock’s CEO joins a chorus of corporate voices reconsidering their roles in the political process in the wake of the Jan. 6 unrest.

Pressure is mounting for firms to respond to last week’s violence at the Capitol.

The firm is the latest in a line of big money managers making a late entry into the $5.6 trillion ETF market.