State Street

Trading under the ticker EFIV, the fund will exclude companies involved with tobacco-related products and weapons.

Some of the industry’s biggest players are taking a wait-and-see approach as active, non-transparent funds take their crucial first steps.

As asset managers launch funds with this new structure, lack of familiarity may hinder advisors’ adoption of them.

The State Street fund has climbed 68% since falling to a more than seven-year low in March.

State Street’s stockpile takes up one corner of a vault in a system that stores bullion on behalf of central banks, sovereign wealth funds and others.

The biggest index fund companies follow the house view, which means at least 75% of their funds voted the same way, on environmental and social issues.

The SPDR fund saw a one-day exodus of $372 million as the sector struggles amid bets that the Fed will cut rates to mitigate damages from the coronavirus.

A flight to safety that saw funds in short-term bonds and utilities add cash as coronavirus dominated headlines has given way to a vigorous rally.

To stand out from the crowd, some issuers have embraced thematic strategies focused on niche investments that could become the next boom industry.

The metal’s price has dipped from its high in September amid a raft of good news that has boosted investors’ risk appetite.