ADVERTISEMENT
Securing a snappy ticker is a high-stakes mission in the $10 trillion exchange-traded fund arena. For issuers launching funds riding the boom in single stocks – Tesla Inc., Apple Inc. and more – standing out from the crowd is only getting harder by the day.
Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And this time, it may be real.
Billions of dollars have exited China’s largest money market exchange-traded funds just as billions more flowed into ETFs tracking equities, signaling that Beijing has finally drawn skeptical investors back to the country’s struggling stock market.
Oil and the dollar rose as tensions in the Middle East unnerved investors ahead of US jobs data due later Friday that will help identify the path ahead for interest rates.
Fidelity Investments is looking to convert two of its municipal-bond mutual funds into exchange-traded funds, a move that underscores the popularity of the $10 trillion US arena.
A new exchange-traded fund looking to capture the performance of China’s biggest companies is launching Thursday, just as the nation’s stocks officially enter a bull market following a sweeping stimulus package.
Direxion Funds has launched two exchange-traded products that focus on a single emerging-market stock — Taiwan Semiconductor Manufacturing Co. — allowing investors to make outsized bullish bets on it or take positions against the direction of the market.
Chinese stocks halted an epic rally that added $3.45 trillion to shareholder wealth and witnessed the biggest fund inflows in two decades as geopolitical concerns gripped emerging markets, overshadowing euphoria over stimulus in the world’s second-biggest economy.
Chinese stocks are on a roll relative to their US peers as optimism over Beijing’s stimulus measures triggered a dramatic rebound. If history is any guide, the rally may have a long way to go, DataTrek Research says.
Japan stocks are set to rebound Thursday after the nation’s new prime minister dimmed hopes of another interest-rate hike. Treasuries slid and the dollar climbed on signals the US may slow its easing.
Volatility in US equity options remains relatively high by some measures, and while there are handful of reasons for that, the upcoming presidential election isn’t one of them, market flows indicate.
Wall Street’s ETF disruptors are once again pushing regulators to open up the crypto boom to the masses after Bitwise Asset Management Inc. became the first to file for a fund that invests directly in XRP, the world’s seventh-largest digital token.
Oil led a surge in haven assets after Iran fired a barrage of missiles at Israel, with the flight to safety sending US stocks lower on Tuesday.
JPMorgan Chase & Co. has plans to capture a significant chunk of Canada’s retail-investing market with the launch of new exchange-traded funds and a hiring push north of the border.
Japanese stocks were poised for a lift early Tuesday following a tepid US session as Federal Reserve Chair Jerome Powell made fresh comments signaling no urgency for further interest-rate cuts.
Financial services and banking colossus State Street Corp. has named Vanessa Fernandes as head of Digital Asset Solutions.
