BlackRock Financial News

A research conducted by K33 shows that Bitcoin still retains its top position as the most appealing cryptocurrency due to its higher premiums in futures trading. 

JPMorgan successfully executed its first live blockchain transaction today involving tokenized shares, heralding a new era for collateral management.

The development answers an industry-wide appetite for frictionless transfer of collateral ownership without the hassle of moving assets using traditional means.JPMorgan's Tokenized Collateral Network (TCN) application utilises a blockchain network which sits between a collateral receiver and a collateral provider to enable the transfer of tokenized ownership interests. In the transfer between BlackRock andd Barclays Tokenization occurred within a matter of minutes through connectivity between the fund’s Transfer Agent and TCN.

Anthony Curl (pictured) is the CIO of Gravis' direct investing business.

Switzerland-based blockchain protocol Backed Finance has launched the first-ever tokenized government bond on the Base network. 

Investors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused by a blowout in longer-term yields, according to a Goldman Sachs executive.

Exchange-traded funds that buy emerging-market equities are undergoing a churn — and the biggest loser is the BlackRock Inc. fund that helped usher in passive investing to the asset class two decades ago.

As Bitcoin continues its journey in the global financial landscape, its trajectory seems increasingly intertwined with expert predictions, sustainability initiatives, and strategic approvals. 

A handful of asset managers have been pulling the plug on ESG-themed funds they launched several years ago — a result they all but certainly knew was coming, as not every attempt to get a slice of that booming market was going to work.

Bajaj Finance, India’s biggest non-banking finance company (NBFC) by market capitalisation, plans to raise as much as Rs 10,000 crore in a restricted share sale as it shores up its capital position amid the entry of Reliance Industries’ Jio Financial into retail lending. The exercise would involve equity divestment in favour of institutional investors and the holding company, Bajaj Finserv. This is the company’s first equity capital raise since November 2019 and comes even as it is sitting on a comfortable capital adequacy of 23% — more than double the 10% mandated by the Reserve Bank of India for NBFCs classified in the upper layer and considered important for India’s financial system. Bajaj Finance will issue Rs 8,800 crore worth of shares to institutional investors through a qualified institutional placement (QIP) and will also allocate shares worth Rs 1,200 crore to promoter company Bajaj Finserv. The fundraising will have to be approved by the company’s shareholders in a proposed extraordinary general meeting.

Imran Sattar will remain as the sole manager of the fund, which led Square Mile analysts to remove the rating due to the “material” change in structure.

BEIJING — Asia's competitive advantage was once cheap labor. Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note.

'Delivering investments online and through mobile banking brings the simplicity and affordability of ETFs to more people.'

Asset managers have been counting on what BlackRock calls a “generational opportunity" in the bond market, now that yields are at decade-plus highs. Investors ranging from pension funds to retirement savers should be buying longer-term bonds to lock in higher rates, their thinking goes, spurring a flood of inflows to bond funds. BlackRock, for one, has projected assets under management at its bond exchange-traded funds to triple to $2.5 trillion by 2030.

The slide in Treasuries has been excessive given recent economic data and Federal Reserve policy, suggesting it’s instead being driven by fears over the swelling US deficit, some of Wall Street’s biggest names say. 

Manager of the Edinburgh investment trust James de Uphaugh, who is set to retire in February 2024

The Securities and Exchange Commission further delayed its review of applications from BlackRock Inc., Invesco Ltd. and others seeking to list the first Bitcoin exchange-traded fund in the U.S.

BlackRock Inc. Chief Executive Officer Larry Fink said he’s open to more acquisitions, as the world’s largest asset manager increasingly seeks to position itself as a one-stop shop for investors.

The United States Securities and Exchange Commission (SEC) has once again postponed its decision on several proposals for spot Bitcoin exchange-traded funds (ETFs), including applications from financial giants BlackRock and Invesco, as well as the cryptocurrency-focused Bitwise. 

Dangoor has worked in the BlackRock fundamental European equity team as an analyst since 2019.

BlackRock Inc. said insurance executives overseeing $29 trillion plan to pour more money into private debt and credit strategies while cutting back on private equity and real estate.