Ray Dalio

First Trust has brought to NYSE Arca an exchange-traded fund that invests in companies working to reduce carbon emissions. Energy Income Partners makes investment decisions for the First Trust EIP Carbon Impact ETF. ETF Trends (20 Aug.)

The European Commission is investigating whether Facebook's cryptocurrency, libra, could lead to anti-competitive behavior, a document reportedly shows. A questionnaire the commission has sent out says officials are concerned libra's exchange of information and use of consumer data could restrict competition. BNN Bloomberg (Canada) (20 Aug.)

EU regulators should enact clearer and more consistent rules and enforcement strategies regarding disclosure of fees charged to clients, asset managers say. They say a lack of uniformity makes it difficult for firms to compare investment products, creating regulatory arbitrage and undercutting investor confidence. Practice Insight (20 Aug.)