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Global ETF launches 26.11-03.12.20

Global ETF launches 26.11-03.12.20

Responsible investing takes centre stage this week with the launch of a new ESG corporate bond fund from Xtrackers, three ESG ETFs from TD Asset Management, iClima Earth’s new carbon avoidance solutions fund, and an emerging market sustainability ETF from Fidelity. Eslewhere, Van Eck debuted two corporate bond funds, TrueMark added to its structured outcome ETF suite, and new provider Leatherback entered the ETF space with a long/short yield fund.

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LPL top acquire Waddell & Reed Financial's wealth management following Macquarie merger

LPL top acquire Waddell & Reed Financial's wealth management following Macquarie merger

Waddell & Reed Financial has entered into a merger agreement with Macquarie Asset Management, the asset management division of Macquarie Group, whereby Macquarie would acquire all of the outstanding shares of Waddell & Reed for USD25.00 per share in cash representing total consideration of USD1.7 billion.