Hot Reads: BlackRock Expands Client Voting Power
Plus, European fund managers are urged to add coal screens.
Compiled by ETF.com Staff
BlackRock Gives Some Clients Voting Power (New York Times)
Asset management giants have been criticized for not using its massive stakes in companies to push change.
Passive Managers Urged To Exclude Coal Users (Financial TImes)
Eighty-five percent of European ETFs accounting for more than 1.9 trillion euros in assets don’t have any ESG standards.
US Adds 194K Jobs In Sept. (Bureau of Labor Statistics)
It’s a huge miss from the 500,000 median estimate.
New ETF Issuer Targets Bond Markets (Institutional Investor)
Industry veterans from BlackRock, SSgA and J.P. Morgan are forming BondBloxx Investment Management, a bond-only ETF firm.
SEC Clears ETF Tracking Firms Holding Bitcoin (PYMNTS.com)
The Volt Bitcoin Revolution ETF tracks companies that hold a large amount of bitcoin or derive significant revenue from the cryptocurrency.
Ireland Joins Global Minimum Tax Push (Wall Street Journal)
The switch in Irish policy comes ahead of a Friday meeting of 140 governments seeking to form a 15% minimum corporate tax rate.
Advisors Should Have Succession Plans, Most Don’t (CNBC)
A 2018 survey estimates 73% of advisors lack a formal succession plan.
