ETFs

Conversions are gaining popularity as billions of dollars exit mutual funds each year.

BlackRock, with $2.2 trillion of U.S. ETF holdings at the end of the third quarter, will shift 40% to Citigroup Inc., 30% to JPMorgan Chase & Co. and 15% to Bank of New York Mellon Corp.

The regulator asked Direxion to pull its own application the same day it was filed.

Although it makes more sense to hold a futures ETF like this one than to hold actual cryptocurrency, the same problems that plague all commodity futures ETFs will crop up, writes Jared Dillian.

The U.S. may join Canada and Europe, which have already approved similar products.

The new fund bucks trends in socially and environmentally responsible investments.

The firm cited investor appetite for virtual currencies, the growth of Bitcoin holders and the existence of similar funds abroad as reasons to approve the product.

Shares of companies with tickers that are actual English and not a jumble of letters are more popular with less-sophisticated investors.

The board member of LGBTQ Loyalty Holdings and the company CEO discussed a new ETF that uses a four-pronged ESG screen of large cap growth equities.

With $2.6 trillion in total assets, the firm is by far the biggest name yet that’s seeking to make such a move.

David LaValle, former chief executive officer of custom index provider Alerian, will drive the effort to convert the $25 billion Grayscale Bitcoin Trust into an exchange-traded fund.

His embrace of volatile cryptocurrencies for mainstream investors is a major shift from the cautious world of fiduciary advice that’s synonymous with his namesake firm.

Many indexes rebalance quarterly or twice a year, so they’re slow to reflect stocks whose wild swings no longer reflect an investor’s goals.

Firms automating a once little-known investment strategy have become one of the hottest areas for wealthtech acquisitions.

Filmmakers use the phrase “Narrative Is Everything” to emphasize the importance of storytelling to their craft. They understand how a good storyline communicates to the viewer, draws them in and makes them root for the protagonist. Without a good narrative, even the best casts inhabiting the most wonderful characters risk failing to entertain. Great narratives can terrify you, warm your heart, or compel your attention.

The $637 billion quant pioneer founded by David Booth has converted four equity mutual funds with $28.8 billion of assets into ETFs.

The potential growth for blockchain means fund managers need to be poised to meet client demand, according to a study by Morgan Stanley.

A research and methodology company with a star-studded board launched the product with an eye toward advisors, retail clients and institutional investors.

The fund manager will provide investing and savings accounts and debit cards to 13- to 17-year-olds whose parents are clients.

The bank and asset manager has filed for four exchange traded funds in recent weeks, and its strategy for distribution starts with RIAs.