BlackRock Dumps 14 Funds, Many Being Sustainable Products

BlackRock Dumps 14 Funds, Many Being Sustainable Products

BlackRock is clipping more than a dozen mutual funds and ETFs from its lines, about half of which focus on sustainable investing. In most cases, the funds appear to have struggled to attract assets: The majority each represent less than $50 million. In all, they account for $549 million, with nearly half of that in the $254 million BlackRock Impact Mortgage Fund, which has been in operation since 1992. The asset management giant filed notices Fr…

Fidelity, BlackRock target Chinese demand for offshore funds

Fidelity International is poised to offer products that attract mainland investors chasing higher returns from overseas funds, according to sources familiar with the matter.

BlackRock jumps on agentic AI trend - Global Trading

BlackRock is developing an agentic AI research platform, chief operating officer Rob Goldstein revealed at the firm’s recent investor day. Rob Goldstein, chief operating officer, BlackRock. “We call it Asimov, and it’s used today across our fundamental equity business. This is a virtual investment analyst, so while everyone else is sleeping at night, we have these virtual AI agents, they’re scanning research notes, company filings, emails, to ge…