Invesco

With Intelliflo, the insurance giant hopes to expand agents’ ability to offer wealth management and financial planning.

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

The fund is joining a minority group in the $5.9 trillion ETF universe.

The flood follows a strong Democratic showing in last week’s runoff elections in Georgia, which tipped the Senate’s control to President-elect Biden’s party.

The decade’s top-performers have produced returns of more than four-times their industry peers this year.

“It’s not just a shiny object, it’s really about content,” the firm’s head of ETFs and indexed strategies said.

A range of factors have been cited for the clean-tech rally, including maturing wind and solar industries after a collapse in oil prices earlier this year.

Despite growing to about $1.1 trillion in AUM, senior executives made a series of bets to keep pace in a changing industry that have yet to pay off.

The firm said that 88% of sustainable indexes did better than their non-sustainable counterparts in the first four months of 2020.

Economic damage wrought by the coronavirus has not stopped investors from piling into the companies able to churn out profits in the stay-at-home world.

Firms "pulled in many directions" in recent years can find their way with the right technology, Jemstep CEO Simon Roy says in an episode of Financial Planning's Invest Podcast.

Roughly two-thirds of the $1.2 billion contributions to the firm in 2019 came from appreciated assets.

The investment bank is well behind most of its competitors and is priced well above the most attractive price points.

“It’s no longer about coming to market and getting funding with some kind of novel pitch and seeing if it sticks,” says an industry analyst.

The $6 billion fund saw almost 3 million shares hit the tape after DoubleLine’s CEO touted its potential for retirees in his annual markets webcast.

“The combination of low rates, curbs on state and local tax deductions, and consistent economic expansion have been a nice tailwind,” an analyst says.

Among funds impacted so far, the Invesco China Technology ETF fell 2.8%, while the KraneShares CSI China Internet Fund lost 3.8%.

Under the proposed structure, the funds will conceal a portion of their assets and instead publish a list of securities that’s highly correlated to the performance of the portfolio.

The firm has shed fund holdings in defensive sectors such as health care and consumer staples.

An unprecedented 58 funds were closed in the six months through June, marking the industry’s worst-ever start to a year.