With the new government completing 100 days at the center and the US Fed giving in to the clamor with a resounding 50 bps rate cut, retail investors in Mutual Funds (MFs) who were waiting on the sidelines for the dust to settle can look at deploying monies in their chosen asset classes basis risk … Read more
Mumbai: The Securities and Exchange Board of India approved several proposals, including the introduction of a new asset class, a shortened timeline for completing rights issues and an increase in the number of stocks eligible for same-day settlement, at a board meeting on Monday that stretched for seven and a half hours. This was Sebi’s … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on August 20, 2024 in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more
It’s an exchange-traded fund designed to profit from higher rates. But even if the Federal Reserve starts to cut this year, Horizon Kinetics’ James Davolos thinks his firm’s Inflation Beneficiaries ETF (INFL) is in a sweet spot. “We’re actually going into the mature phase of inflation,” the firm’s portfolio manager Davolos told CNBC’s “ETF Edge” … Read more
The abrdn Plc office at St Andrew Square in Edinburgh, U.K. on Thursday, Nov. 11, 2021. Jonne Roriz | Bloomberg | Getty Images The press making jabs at the current name of asset manager Abrdn, which was rebranded from ‘Standard Life Aberdeen’, amounts to “corporate bullying,” the firm’s chief investment officer Peter Branner said. The … Read more
Mumbai: Invesco is looking to sell a majority stake in its Indian mutual fund arm, said two people familiar with the development. The US investment manager is in talks with the Hinduja Group for the deal, which will pave the way for the bank-to-auto conglomerate’s entry into India’s fast-expanding asset management industry. Invesco could sell … Read more
