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Showing 1 - 10 of 176 results for "Mutual funds"

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... settle charges stemming from greenwashing claims and failures to develop an anti-money laundering (AML) program for mutual funds it advised. In the case of greenwashing, the SEC found that DWS made "materially misleading statements about its controls ...

Bloomberg pays US$5m in SEC charges

CASSANDRA BALDINI  |  TUESDAY, 24 JAN 2023
... adhere to methodologies it had previously disclosed. It alleged Bloomberg was aware that its customers, including mutual funds, may use BVAL prices to determine fund asset valuations, including valuing fund investments in government, supranational, agency ...

Goldman Sachs charged over ESG failures

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  WEDNESDAY, 23 NOV 2022
... February 2020, the Securities and Exchange Commission alleged Goldman Sachs had several failures in relation to two mutual funds and one separately managed account within the Fundamental Equity group. These were the Goldman Sachs ESG Emerging Markets ...

BlackRock expands proxy voting to retail investors

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
BlackRock will allow individual investors in select mutual funds in the UK to engage in proxy voting via its technology platform Voting Choice. BlackRock chair and chief executive Larry Fink said it's clear investors don't want to sit on the ...

BNY Mellon subsidiary to pay US$1.5m over ESG misstatements

CASSANDRA BALDINI  |  TUESDAY, 24 MAY 2022
... Commission (SEC) for misstatements and omissions about ESG considerations in making investment decisions for certain mutual funds that it managed. On Monday, the SEC announced that from July 2018 to September 2021, BNY Mellon implied that all investments ...

Allianz subsidiary, former portfolio managers charged over massive fraud

JAMIE WILLIAMSON  |  WEDNESDAY, 18 MAY 2022
... advisory services to US registered investment funds for the next decade. It has been given 10 weeks to transition the US mutual funds it currently provides these services to another investment adviser and four months for the US closed-ended funds it ...

Atrium adds national sales manager

ELIZABETH FRY  |  WEDNESDAY, 11 MAY 2022
... running international equities and an eight-year as a global derivatives trader and portfolio manager at National Mutual Funds Management. "Atrium's proven and pioneering risk-targeted approach, designed to smooth outperformance and maximise returns ...

Nucleus Wealth launches direct indexing option

CHLOE WALKER  |  THURSDAY, 31 MAR 2022
... Stanley, this could grow to about US$1.5 trillion by 2025, drawing flows that would otherwise be snapped up by ETFs or mutual funds. Now on the shores of Australia, Nucleus Wealth chief investment officer Damien Klassen says direct indexing is the next ...

Direct indexing: The next evolution?

CHLOE WALKER  |  MONDAY, 7 MAR 2022
... make up an index. This approach is dissimilar from investing in exchange-traded funds (ETFs), that track an index or mutual funds that follow a benchmark index. Direct indexing allows investors to own the securities that make up an index and hold them ...

Mirae to launch local ETF suite

KARREN VERGARA  |  FRIDAY, 25 FEB 2022
... Walesby said Mirae will also focus on building the local actively managed fund capabilities, on top of two unlisted mutual funds that are currently on offer, which have plans to list in the near future. "We have other emerging markets and Asian-focused ...
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