ETF Financial News

Galaxy Asset Management, a prominent crypto investment firm, has surpassed $10 billion in assets under management (AUM) amid a surge in institutional interest in digital assets. 

LONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund GBTC, has said that fees on its flagship product will come down over time, after its outflows reached $12 billion.

The move brings the nation's interest rate to a range of 0-0.1%, as BoJ governor Kazuo Ueda also ended a swathe of accommodative monetary policies. Interest rates shifted into negative territory in 2016 in an attempt to encourage banks to lend more, continuing a near decade-long trend of cutting rates, with the previous hike occurring in 2007. Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable? Chris Scicluna, head of research at Daiwa Capital Markets Europe, noted along with the rates shift, the bank ended the policy of yield control and ETF purchase, which...

Bitcoin fell by as much as 5.7% on Tuesday, on track for its largest one-day drop in two weeks, as a wave of selling hit cryptocurrencies and other risk assets, such as stocks. The price was last down 4.2% at $64,550, having dropped to a two-week low of $63,555, while ether fell 4.4% to $3,355.

Pankaj Pandey, Head Research, ICICIdirect.com, says there are SIP inflows of nearly Rs 19,000 odd crore on a monthly basis. On top of it, there are about Rs 3,000 to 4,000 odd crore of inflows from the ETF perspective. Overall, the domestic liquidity is still quite good and that is where even if there is a bit of a selling there, that is not going to change the market trajectory overall. FPI inflows come and go and which is what we have seen last year also. We had some interesting data that we were culling out talking about the kind of promoter stakes sales that we have witnessed in the last month or so of Rs 43,000 crore. How are you reading into this? MNCs as well as ITC, IndiGo, TCS, etc, are in that list? Pankaj Pandey: From FPI perspective, we have seen inflows of about Rs 40,000 odd crore. But our sense is that most are stock specific cases. For example, in IndiGo, one promoter has been continuously paring down his stake. Whereas in the case of ITC, nothing changes structurally because of the high amount of debt and so a stake sale does not really change the overall texture of the company's growth.

artificial intelligence has sparked a gold rush into AI-themed ETFs, as investors seek fresh ways to play the burgeoning technology following breathtaking rallies in market darlings such as Nvidia. The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics and sound generation. All told, the universe of AI-themed ETFs traded in the United States has soared to $6.88 billion as of the end of February from $2.55 billion a year earlier, Morningstar data showed.

By Suzanne McGee

Advisors ignoring the rise in crude oil may be missing out on a gusher of profits for their clients.

Last week proved to be a roller-coaster ride for bitcoin (BTC) investors, as the largest cryptocurrency by market capitalization topped another lifetime high of $73,000 to start the week but fell below the $65,000 mark by Sunday after a sell-off. Ethereum's Dencun upgrade fulfilled its intended goal by lowering fees on various Layer 2 networks but ether (ETH) prices also weakened at the end of the week.

British multinational bank Standard Chartered expects Ethereum (ETH) to outperform Bitcoin (BTC) after spot ETFs for the former are approved by regulators in May of this year.

Bitcoin price has continued to move higher in March, which is in line with historical trends heading into the much-anticipated halving event.

It had to end eventually. Whether last week’s shift in the pole position endures is something else entirely.

Binance CEO Richard Teng forecasts that Bitcoin will surpass $80,000 before the year ends. He attributed this likely increase to the growing interest from institutional investors in crypto-backed exchange-traded funds (ETFs).

This year, the S&P 500 has seen a remarkable streak of 17 new all-time highs, outpacing many previous years.

As Bitcoin once again captures attention, the concept of «halving» has emerged as a crucial factor influencing the cryptocurrency's value and market dynamics. As a result, many market participants are providing their latest bitcoin price prediction.

Xtrackers MSCI World ex USA UCITS ETF caters to investors seeking global equity exposure, but who would like to separately allocate to the US market. The fund comprises companies from 22 industrialised countries and reflects around 30% of the global market. It also reinvests the income from the companies it contains. DWS slashes fees on two Xtrackers India ETFs to 'simplify access' Countries such as Canada and Israel are not usually covered despite the corresponding portfolio components for these regions, but they are included in the ETF. Simon Klein, global head of Xtrackers sa...

In its annual results published today (18 March), AssetCo said the total loss for the year stood at £26.7m, up from £8.5m at the end of September 2022. This included £7.7m operating loss of continuing businesses, £1m of which came from the River and Mercantile Infrastructure business, which was sold in October last year. A large portion of the losses came from Rize ETF, comprising operational loss of £2.4m and a goodwill attributed to the firm of £12m as of 31 March 2023, which AssetCo decided to write down «before accounting for sale proceeds». River and Mercantile rebrands to Riv...

Listed on Xetra, the Amundi Prime All Country World UCITS ETF (WEBG) offers diversified exposure to developed and emerging markets.  DWS launches Xtrackers MSCI World ETF excluding the US Invesco FTSE All-World UCITS ETF was previously the lowest cost all country option in Europe, with a total expense ratio of 0.15%. Amundi partnered with Solactive to create the Solactive GBS Global Markets Large & Mid Cap index, and the fund uses full physical replication to track it. Value of London-listed ETFs surpasses £1trn for the first time Benoit Sorel, head of Amundi ETF indexing & S...

Xtrackers MSCI World ex USA UCITS ETF caters to investors seeking global equity exposure, but who would like to separately allocate to the US market. The fund comprises companies from 22 industrialised countries and reflects around 30% of the global market. It also reinvests the income from the companies it contains. DWS slashes fees on two Xtrackers India ETFs to 'simplify access' Countries such as Canada and Israel are not usually covered despite the corresponding portfolio components for these regions, but they are included in the ETF. Simon Klein, global head of Xtrackers sa...

The mutual fund industry in India has been witnessing unprecedented growth, with inflows in the equity category surging significantly in February. According to data released by the Association of Mutual Funds in India (AMFI), the month witnessed inflows amounting to ₹26,866 crore, reflecting a spike of 23.3 percent. Small-cap funds led the way with a net inflow of ₹2,922.4 crore, followed by mid-cap funds with ₹1,808.2 crore, and large-cap funds with ₹921.14 crore in net inflows. Equity funds have seen positive inflows for the 36th consecutive month since March 2021.

DSP Mutual Fund has announced the launch of DSP S&P BSE Liquid Rate ETF (DSP BLR ETF), an open-ended scheme replicating/ tracking S&P BSE Liquid Rate Index. The Fund offers investors easy cash management with ample liquidity and low risk.