Invesco Financial News

The Invesco QQQ ETF is celebrating silver anniversary this year as it marks 25 years of existence. The returns thus far in 2024 have been pure gold. The question facing investors now is whether the fund can make that “magnificent” momentum last.

₹3,281 crore through the issuance of shares to qualified institutional buyers. The money raised through the Qualified Institutional Placement (QIP) is aimed at repaying the company debt, acquiring land, and covering other expenses.

The Magnificent Seven companies, the world’s biggest seven stocks, extended their 2023 momentum this year and continue driving the broader equity market to new peaks. 

Big Tech stock's march continues at full throttle, propelling the broader equity market to high after high. Amidst this uptrend, the Invesco QQQ, an exchange-traded fund (ETF) that tracks the tech-heavy Nasdaq-100 index, rose more than 10% year-to-date, closing at a new record high of 445.61 on Friday.

By Simon Jessop

Bitcoin prices hit $51,757 (€48,274) on Wednesday afternoon, the highest since the beginning of December 2021, following surging demand for Bitcoin exchange-traded funds (ETFs).

A strategic partnership between a global investment management firm and a provider of wealth management software and services aims to transform the RIA channel.

investors and family offices are pouring money into mutual funds' arbitrage schemes as better tax efficiency, higher returns than short-term debt funds, and no credit risk are boosting their popularity. Investors are increasingly using this category to park idle money typically for their short-term needs which have historically gone into liquid and money market funds — debt schemes that bet on high-quality short-term bonds. Data from Franklin Templeton show arbitrage schemes, whose assets under management have reached an all-time high of ₹1.64 lakh crore, saw the highest inflows across fund categories in the last 12 months to the tune of ₹67,500 crore. Arbitrage funds aim to benefit from the price anomalies between a stock and its futures contracts by simultaneously buying and selling both of them. The strategy is considered low-risk because it does not bet on the direction of the market.

Juniper Hotels IPO: The initial public offering (IPO) of Juniper Hotels continued to receive a tepid response from investors on the second day of subscription. Juniper Hotels IPO has reserved not less than 75 per cent of the shares in the public issue for qualified institutional buyers (QIB), not more than 15 per cent for the non institutional investors (NII), and not more than 10 per cent of the offer is reserved for retail investors. Also Read: Juniper Hotels IPO: Price band set at ₹342-360 per share; check GMP, key dates, issue details, more The issue received bids of 66,08,160 shares against the offered 2,89,47,367 equity shares, at a price band of ₹342-360, according to the data available on the stock exchanges.

Juniper Hotels IPO: The initial public offering (IPO) of Juniper Hotels received a tepid response from investors on the first day of subscription. Not much enthusiasm was expressed by the retail investors, and there was very little response from non-institutional investors (NIIs), while the portion reserved for qualified institutional buyers (QIBs) was left unsubscribed.

₹810 crores from anchor investors ahead of its initial public offering that opens for public subscription on Wednesday, February 21, 2024. The company informed the bourses that it allocated 2,25,00,000 equity shares at ₹360 per share on Tuesday, February 20, 2024, to anchor investors. Foreign and Domestic Institutions who participated in the anchor were Fidelity, Kotak Mahindra MF, Government Pension Fund (Norges), White Oak, Schroder, The Prudential Assurance Company(MNG), Invesco, ICICI Prudential Life Insurance, HDFC Life Insurance and Quant Mutual Fund.

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Sony’s India arm, but there is a new threat for the company, given the precariously low promoter holding in the Indian broadcaster, per a TOI report. Punit Goenka, the Managing Director and CEO of Zee owns a 4 per cent stake in the company. A merger between Sony and Zee would’ve created a $10 billion broadcasting entity, India’s largest. Rules say that any person with or without holding any shares in a listed target company, may offer to acquire shares of the entity subject to a minimum offer size of 26 per cent. Furthermore, any shareholder or group of shareholders holding at least 10 per cent in a listed company may move a resolution to change its directors. Zee's major institutional investors include ICICI Prudential Mutual Fund (7 per cent), Nippon India Mutual Fund (6 per cent), HDFC Mutual Fund (5 per cent), and LIC (5 per cent). Sony Pictures Network India, now known as Culver Max Entertainment Private Ltd, had signed an agreement to merge with Zee in December 2021.

The fundraising will open today (24 January) and close on 7 February, with admission of the new shares expected on 12 February.

₹5 to ₹10 per food order, as per a Moneycontrol report. The move is seen as a strategic effort to reduce losses as the company gears up for its upcoming initial public offering (IPO) later this year, it added. Swiggy has started hinting at the potential fee hike on its app, targeting select customers.

BENGALURU : Three months after Zee Entertainment Enterprises Ltd’s largest investor, American money manager Invesco, first blew the bugle of shareholder activism in September 2021 and demanded a reconstitution of the company’s board, media mogul Subhash Chandra signed a merger agreement with Japanese giant Sony Corp. On 22 December, 2021, Zee and Sony proposed to create a $10-billion media behemoth in which Sony would own 50.88% and the Chandra family 3.99%, with the remaining shares held by public investors. The news of the announcement in the media in the run-up to the formal announcement had pushed up the share price: Zee shares were up 90% from 11 September, when Invesco’s letter to the Zee board was shared with the stock exchanges.

The United States Securities and Exchange Commission (SEC) is on the verge of issuing conclusions on multiple spot Bitcoin exchange-traded fund (ETF) applications. This announcement comes at a crucial juncture for the cryptocurrency landscape. If this new breakthrough is successful, it has the potential to drastically alter the way digital assets are traded in the United States.

(Reuters) -A raft of investment managers launched the first U.S. spot bitcoin exchange-traded funds (ETF) Jan. 11, in a milestone for the cryptocurrency industry that kicked off a fierce competition for market share.

Ether, the second-largest cryptocurrency, emerged as one of the biggest beneficiaries of the decision by US regulators to approve the country’s first spot-bitcoin exchange-traded funds.

Ether, the second-largest cryptocurrency, emerged as one of the biggest beneficiaries of the decision by US regulators to approve the country’s first spot-bitcoin exchange-traded funds.

ETFs) to track bitcoin, its Chair Gary Gensler said, in a watershed for the world's largest cryptocurrency and the broader crypto industry. The agency approved applications, including from BlackRock, Ark Investments and 21Shares, Fidelity, Invesco, and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday. The products — a decade in the making — would be a game-changer for bitcoin, offering institutional and retail investors exposure to the world's largest cryptocurrency without directly holding it, and a major boost for a crypto industry beset by a string of scandals. Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone, driving the price of bitcoin as high as $100,000. Other analysts have said inflows will be closer to $55 billion over five years.