A new ETF-for-everything era may have just begun on Wall Street, swelling an industry that already boasts nearly 3,000 products and $6.2 trillion in assets. The booming world of exchange-traded funds is about to get even more crowded after the very first single-equity ETFs launched Thursday — despite a torrent of regulatory warnings over their … Read more
Synopsis The ETF managed by Nippon India Asset Management saw 88,117 trades, with 75% of the volume marked for delivery amidst a sharp correction in the Nifty 50 index by 2%. In the same session, the total Nifty50 ETF volume was ₹281 crore, with the balance coming from ETFs like SBI, ICICI, and HDFC among … Read more
Mumbai: Investors looking to build a core portfolio using passive products across different asset classes at a low cost have started buying ETF baskets. Such products can be bought online with a single click and the portfolio could be actively managed based on the brokerage house view on the asset class. “Many investors want a … Read more
MSCI praised the Indian government’s decision to revamp the limit monitoring mechanism for FPIs. Synopsis India is a part of several MSCI indices including the much-coveted MSCI Emerging Markets index where the country holds 10% weight and is the fourth-largest constituent after China, Taiwan and South Korea. Separately, MSCI also maintains an India-specific index and … Read more
By Vildana Hajric and Katie Greifeld It keeps getting worse for holders of the Grayscale Bitcoin Trust, which is now trading at a record discount to the value of the digital assets it holds. The $35 billion fund (ticker GBTC) has lost roughly a fifth of its value since last Friday while Bitcoin tumbled from … Read more
LONDON: From cat food to cannabis, it’s boom time for quirky ETFs offering the chance to punt on niche themes in fast-growth sectors, but their huge gains are unnerving some who see them as another price-inflated asset that may threaten market stability. While Reddit “gamestonks” have grabbed recent headlines, retail investors are also credited with … Read more
New Delhi: old ETFs witnessed an inflow of Rs 921 crore in July, a surge of 86 per cent from the preceding month, as new investors rushed to add the precious metal in their portfolios in view of higher prices. With this, net inflow in a gold exchange traded fund or ETF category has reached … Read more
State governments are paying more than sovereign-backed companies to raise money from the bond market. The virus-induced economic crisis cuts into their routine inflows including GST, VAT fanning investor concerns. Select state bonds like Tamil Nadu, West Bengal, Uttar Pradesh are yielding 7-15 basis points higher than corporate bonds of PGC, NTPC, IRFC, dealers said. … Read more