Citi to hire 6,000 in Asia to combat youth unemployment

September 18, 2020.
Citigroup said on Friday that its Asia Pacific arm will be offering 6,000 jobs to young people in the region over the next three years, as youth unemployment figures rise amid the COVID-19 pandemic.

Natixis enters active semitransparent ETF market with new US offerings

September 17, 2020.
Asset manager Natixis launched a slate of semi-transparent exchange-traded funds, joining rival firms flocking to the new investment vehicles as they compete for capital in the growing ETF market.

SGX ushers in the first China bond ETF in Singapore, created by CSOP, ICBC

September 17, 2020.
The Singapore Exchange on Thursday unveiled the listing of the world’s biggest exchange-traded fund to invest solely in Chinese government bonds, aiming to capitalize on investors’ accelerating demand to access opportunities in the second-largest bond market on the globe.

TD adds two mutual funds to sustainable investing lineup

Last modified September 17, 2020. Published September 17, 2020.
TD Asset Management added to its lineup of sustainable investing options on Thursday with the launch of two new mutual funds focused on creating wider access to the growing trend of green finance in Canada and throughout North America.

Invesco unveils trio of bond ETFs for defined-maturity lineup

September 16, 2020.
Invesco on Wednesday unveiled three defined-maturity fixed-income exchange-traded funds that will last through 2030, the latest offerings for its BulletShares lineup, which is meant to provide investors with choices that act similar to individual bonds.

Vanguard Canada division launches retirement income ETF

September 16, 2020.
Vanguard Asset Management’s Canadian arm has rolled out a new exchange-traded fund designed to pay steady monthly income to retirees, a product the company said could help investors manage risk and avoid outliving their savings.

Vanguard opposed CEO compensation at Alphabet, Uber

September 15, 2020.
Vanguard Group revealed on Tuesday that it voted against compensation of top executives at Uber and Alphabet this year, arguing their pay did not adequately reflect the tech companies’ performances.

MoneyLion launches themed portfolios catering to investor preference

September 15, 2020.
Fintech MoneyLion will begin tailoring its investment options to customer preference with the launch of its thematic investing portfolios, which include clean energy, artificial intelligence and social responsibility.

CORRECTED: Bank of Montreal expands sustainable lineup with launch of four new retail funds

September 15, 2020.
BMO Investments launched four new sustainable funds, creating new options for retail investors interested in low-risk sustainable investing, as it catches up on the surging environmental, social and governance trend. Correction: A previous version of this story misstated the number of BMO's existing sustainable funds and the total assets BMO Financial Group had under management. The errors have been corrected.

Overstock’s fintech tZERO scores U.S. approval for retail brokerage unit

September 10, 2020.
TZERO , an alternative trading system based on blockchain technology, will begin dealing stocks and other securities directly to retail investors later this year after U.S. officials allowed it to run a brokerage division.

BlackRock launches trio of actively managed ESG funds

September 10, 2020.
BlackRock on Wednesday launched three exchange traded funds of varying volatility structured to consider environmental, social and governance factors, continuing one of the most persistent investment trends of the past year.

Silver Lake further commits to India’s Reliance with INR 75B retail investment

September 10, 2020.
Silver Lake on Wednesday agreed to invest INR 75 billion ($1.02 billion) into India’s largest retail business as conglomerate Reliance Industries accelerates its subsidiary’s already dominant presence throughout the country.

RBC Global Asset Management launches four sustainable ETFs with BlackRock

September 9, 2020.
Royal Bank of Canada’s asset management arm debuted four new sustainable exchange-traded funds, expanding its roster of environmental, social and governance-oriented investment products to meet rising demand.

Alternative Access Funds launches first public CLO bond ETF

September 9, 2020.
Retail investors will be able to gain exposure to collateralized loan obligations through a new exchange-traded fund launched Wednesday by Alternative Access Funds.

Vanguard launches US treasury bond ETF on London Stock Exchange

September 4, 2020.
Vanguard launched a new exchange-traded fund on the London Stock Exchange, providing European investors with a safe haven for capital should pandemic-related volatility continue to create market tremors.

Hang Seng debuts ETF aimed at technology investment in Hong Kong

September 4, 2020.
Hang Seng Investment Management launched the Hang Seng TECH Index ETF on Friday, a move that aims to allow investors to capitalize on the growth potential of specific technology sectors in Hong Kong.

UK commences review of terrorism reinsurance fund Pool Re

September 3, 2020.
The U.K. on Thursday began a new analysis, undertaken every five years, of its government-backed terrorism reinsurance fund, with an eye toward effectiveness and strategic direction amid continued expansion in the private market.

JPMorgan unit to cut fees on target date funds

September 2, 2020.
J.P. Morgan Asset Management said on Wednesday that it will slash fees for several target date funds, a move that comes amid a long-term trend of falling fund costs for investors.

Citi becomes first US bank to receive fund custody license in China

September 2, 2020.
Citigroup’s China arm said on Wednesday that it has received a domestic fund custody license from Chinese regulators, making it the first U.S. bank to receive such a license.

Morgan Stanley to close $6B mutual fund to most new investors

September 1, 2020.
Morgan Stanley will close its $6.1 billion Global Opportunity Portfolio to new investors on Dec. 31, a move the firm said Monday would help keep the mutual fund competitive for its current shareholders.