Invesco Financial News

Edelweiss Mutual Fund announced the launch of the Edelweiss Gold ETF, an open-ended exchange-traded fund replicating/tracking the domestic prices of gold.

The financial world’s computer-loving crowd is preparing for the dawn of a new AI-powered era — but that doesn’t mean they’re ready to fully embrace the technology just yet. 

Cello World has raised ₹567 crore from anchor investors ahead of its initial public offering that opens for public subscription on October 30. The company on Friday informed the bourses that it allocated 8.75 million shares at ₹648 per share to anchor investors. Foreign and domestic Institutions who participated included ICICI Prudential, Motilal Oswal, Goldman Sachs, Nomura, SBI Life Insurance, HDFC life Insurance, BNP Paribas, All Spring Global, Morgan Stanley, TATA India Consumer Fund, Quant, CLSA Global, Aditya Birla Sun Life, Edelweiss, Reliance General Insurance, Invesco, Kotak Optimus, Bajaj Alliance and others.

(Reuters) — The U.S. Securities and Exchange Commission has 8 to 10 filings of possible exchange-traded products for Bitcoin in front of it for consideration, SEC chair Gary Gensler said on Thursday.

The Securities and Exchange Commission (SEC) had rejected the move, but a federal appeals court ruled that the regulator was wrong to reject an application from the company.

T. Rowe Price Group Inc. is reeling from a $127 billion exodus over just two years. At Franklin Resources Inc., the latest member of a billionaire family to run the firm is trying to reverse a nearly uninterrupted 20-quarter losing streak. Across the Atlantic, the chief of Abrdn Plc has reached a blunt conclusion: merely managing mutual funds isn’t enough of a business any more.

SoftBank, through its affiliate SVF Growth Singapore Pte, is likely to have sold 1.09% equity in Zomato in a bulk deal worth Rs 1,040.5 crore on Friday. Shares of the new-age company were trading 1% higher at Rs 112.70 on BSE. SoftBank owned a 2.17% stake in the company at the end of the September quarter. In August this year, SoftBank had offloaded about 1.17% stake in Zomato via a block deal, which was valued at Rs 947 crore.

Observers are eagerly awaiting a potential announcement surrounding the possibility of a Bitcoin (BTC) exchange-traded fund (ETF) on Friday.

equities lost steam as inflation and rate hike concerns resurfaced. Despite the noise around macroeconomic risks, one thing that investors have kept their faith on is the domestic growth story. A glimpse of this could be seen in the strong inflows in thematic/sectoral funds.

Bitcoin's price fluctuating journey continues as it trades just below the $28,500 mark, with a modest increase of less than 0.50% on Wednesday. Several noteworthy events have punctuated the cryptocurrency landscape. 

By Rae Wee

By Chris Prentice and Hannah Lang

Exactly one year ago, the S&P 500 bottomed on the short-term bear market, which led it to fall by more than 20% from January to October 2022. On the following day (October 14, 2022), stocks reversed, closing with a +2.60% gain, and did not look back since.

The Securities and Exchange Commission (SEC) of the United States has recently announced the postponement of its decision regarding several proposals for spot Bitcoin exchange-traded funds (ETFs). This decision impacts applications from well-known entities such as BlackRock, Invesco, Bitwise, and Valkyrie, as stated in separate filings made on September 28.

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.

Peter Fitzgerald (pictured) has managed the Aviva Investors Multi-Strategy (AIMS) Target Return fund since its launch in 2014.

Peter Fitzgerald (pictured) has managed the Aviva Investors Multi-Strategy (AIMS) Target Return fund since its launch in 2014.

Mutual Fund Nominee Update Last Date: For all existing mutual fund unit holders, it is mandatory to nominate or opt out of nomination before September 30, 2023, failing which the folios shall be frozen for debits, according to the Securities and Exchange Board of India (SEBI).

A spokesperson for Janus Henderson confirmed that Hillenbrand will be leaving the company «to pursue opportunities outside of the firm», effective 31 December. Hillenbrand has served as head of retail since joining the firm in 2009, prior to which he held roles at New Star Asset Management and Invesco Perpetual. Ex-Janus Henderson head of Americas equities resurfaces at Principal Asset Management The spokesperson for Janus Henderson said the company would begin a search for his replacement «shortly», initiate the recruitment process for both internal and external candidate via a re...

international funds have offered more than 30% in a one-year horizon, a data crunching by ETMutualFunds showed. There were around 68 schemes in the international category. These 12 schemes were from different geographies such as — NYSE, NASDAQ, US, pan european, global equity. The overseas indices like NASDAQ, NASDAQ 100, NYSE, DAX, and Dow Jones were also up in the last one-year horizon, ranging from 12% to 29%. NASDAQ 100 was up by 29.68%, followed by DAX, which was up by 26.64%. That indicates the performance by these funds in a one-year horizon. The toppers in the list were from Mirae Asset Mutual Fund. Mirae Asset NYSE FANG+ ETF topped the return chart and offered 53.21%, followed by Mirae Asset NYSE FANG+ETF FoF which offered 52.33% in the one-year horizon.

Index-tracking funds are inching closer to free. State Street last month slashed the fee on its cheapest S&P 500 exchange-traded fund, known by ticker symbol SPLG, to 0.02%—making it less than a quarter of the cost of its popular SPY fund that tracks the same stocks. It is now the cheapest index fund in its class.