News

BlackRock and Goldman Sachs Shutter ESG And Other Thematic ETFs Amid Waning Demand
Top asset managers BlackRock and Goldman Sachs are closing several ESG-themed ETFs due to poor performance and lack of ...
ECAT: 20%+ Yield, Shareholder Vote In Spotlight
The ECAT closed-end fund from BlackRock is attractive for its big yield. Read more on a pending shareholder vote on Saba ...
BlackRock, Goldman Announce Handful of ETF Closures
BlackRock is closing 3 ESG mutual funds along with 8 ETFs. - Goldman will shutter 2 funds: GBUY and GSFP. - The closures come ...
Sierra Club Drops BlackRock as Asset Manager, Citing Climate Risk
The Sierra Club, one of the largest environmental organizations in the US, is pulling money from BlackRock Inc., citing the ...
BlackRock Is Off Texas’ Blacklist. Where the ESG Battle Stands Now.
The world’s largest asset manager can now do business with Texas. Here’s where it stands in other states.
Aberdeen chair says ‘save the world’ claim by asset managers was a ‘mistake’
Asset managers made a “huge mistake” in claiming the investment industry could “save the world”, the departing chair of the UK’s Aberdeen Group said, over-egging their role in environment, social and ...
BlackRock launches Texas-focused fund, citing state's 'twin engines' of business and population growth
BlackRock, the world's largest asset management firm, has launched an exchange-traded fund focused on the Texas economy.
BlackRock Deepens Push Into Private Investments for the Masses
The world’s largest asset manager is preparing to offer its own target-date fund with private equity and private credit.