HSBC expects the 10-year benchmark to rise to 7.5% by the second quarter of 2022 and 7.8% by the fourth quarter of 2022 on the back of higher-than-expected issuances of government securities. Synopsis Bond yields rose after finance minister Nirmala Sitharaman, in the budget on Tuesday, announced a fiscal deficit target of 6.4% for next … Read more
Mutual funds’ enthusiastic participation in last week’s Zomato IPO has raised many eyebrows. The anchor book portion of the public issue saw subscription from 19 mutual fund companies across 74 schemes with varying mandates. Questions are being raised about the clamour to buy shares of a business which is yet to make profits but commands … Read more
LONDON: Demand for funds which cherry pick investments with strong environmental, social or governance (ESG) credentials has surged in recent years. Many of these funds include terms such as ‘ethical’ or ‘impact‘ in their names. But what do these words actually mean? Below is a glossary of the key terms often used to describe investment … Read more
Mumbai: Bullish bets on bitcoin has emerged as the most crowded trade for the first time since October 2019, according to a survey of fund managers by Bank of America Securities. About 36 per cent of the respondents identified ‘long bitcoin’ as the most crowded trade. A total of 217 fund managers with $596 billion … Read more