New product invests primarily in underlying Capital Group and affiliated funds
The new offerings invest in companies with high ESG ratings
Investors face lower returns than with active funds, much higher costs than with passive funds
The suite, available Sept. 9, includes 18 new funds and rebranded Quadrus mutual funds
Valuation concerns driving mutual fund redemption suspensions
ETF assets overall grew 6.4% in July
The changes to six Investors Portfolios will allow for flexibility, the firm says
New launches include equities funds and U.S-dollar versions of ETF portfolios
Investment manager also reduces minimum for private pools
The proposals seek a more investor-friendly approach to fund disclosure