Credit Suisse

“For progress, we need to make people just the right amount of uncomfortable," says Erika Karp of Cornerstone Capital Group.

One fund’s strategy this week amounted to almost 48% of its average daily turnover during the past 90 days.

The moves may push some shareholders to rebalance their positions, likely at a cost.

Managers sold $24.6 billion of the loans in the region last year, the most since the financial crisis.

The scrutiny puts a spotlight on a small corner of the $3.4 trillion ETF industry.

"Simply put, the plaintiff here is looking to be paid the same money twice," a spokeswoman for the Swiss firm says.

The firm says it has moved away from the products after an implosion of a vast array of arcane bets against stock market volatility.

Credit Suisse said it will liquidate an ETP, effectively wiping out a fund whose market value topped $2 billion just three weeks ago.

Cornerstone Capital founder Erika Karp says sustainable investing can "repair" capitalism and predicts it will become mainstream in the future.

Three popular debt ETFs reported nearly $1.4 billion in combined outflows this week.