Morningstar Financial News

Envestnet Inc. is exploring the sale of Yodlee, a data aggregation firm that it bought in 2015, according to people with knowledge of the matter.

Canadian wireless company Rogers Communications Inc. sold its stake in a rival telecommunications operator to Quebec’s largest pension manager, raising more than $829 million to repay debt in an effort to keep its investment-grade rating.

By Abigail Summerville

Systematic investment plans (SIPs) continued their dream run in November, with contributions crossing Rs 17,000 crore for the first time.

Los Angeles-based startup custodian Altruist has announced that advisors using its software will have access to new integrations to help simply and streamline processes without the need for duplication of tasks.

equity mutual funds fell to ₹15,536 crore in the month of November from ₹19,957 crore in October, revealed the AMFI (Association of Mutual Funds in India) data for the month of November. The number of systematic investment plans (SIPs) exceeded ₹17,000 crore for the first time. The SIP book for the month reached ₹17,073 crore, surpassing the October figure of ₹16,928 crore, shows AMFI data.

The surge in AI stocks gained momentum with the introduction of ChatGPT, intensifying the competition among companies to integrate AI into their products and platforms.

Peter Brunt (pictured), senior investment analyst at Fundhouse.

AJ Bell, Hargreaves Lansdown, interactive investor and Evelyn Partners’ Bestinvest all told Investment Week they currently have 'no plans' to offer an IFISA.

By Scott Murdoch and Lewis Jackson

By Scott Murdoch

FPIs again made a comeback in the Indian stock markets in November and pumped in Rs 9,000 crore amid fall in US treasury bond yields and the resilience of the domestic market. Additionally, Foreign Portfolio Investors (FPIs) made a net investment of Rs 14,860 crore in the debt market last month, making it the highest level in six years, data with the depositories showed. Going forward, FPI response will be crucially determined by the market trend, which, in turn, will be influenced by the state election results, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. If the state election results turn out to be favorable for the ruling dispensation, the market will stage a rally, and overseas investors are unlikely to miss that rally by big selling, he added. According to the data, FPIs made a net investment of Rs 9,000 crore in Indian equities in November. This came after FPIs dumped Indian equities worth Rs 24,548 crore in October and Rs 14,767 crore in September.

investors bought Indian equities worth more than ₹9,000 crore in November, reversing two consecutive exit runs in the previous two months, as a decline in energy prices and stable US yields burnished the allure of risk assets in Emerging Markets. Experts believe the trend will continue as India's economic growth is likely to surprise on the upside while interest rates are expected to be stable, with the policy-influencing price gauge now trending close to the central bank's target. In the past ten years, overseas investors have purchased Indian stocks on six occasions in December, and have been net sellers on four occasions.

With 20 million weekly radio listeners, Dave Ramsey is perhaps the most influential media personality on money, which means some of his guidance can be particularly dangerous, financial advisors say.

how to plan it. This is present bias, a behavioural tendency we all humans have and also known as the inclination to excessively fixate on the ‘here and now,’ and don’t think about what will happen in the long term. Two German researchers, Alejandro Moreno-Okuno and Natividad Aguilera Navarrete described ‘psychological distance’ as a central concept explaining present bias, which means how near or far things feel in our minds.

The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single conglomerate client.

By Ananya Mariam Rajesh

By Jason Xue and Tom Westbrook

₹378 crore on the sharp decline in US treasury bond yields. This came after FPIs dumped Indian equities worth ₹24,548 crore in October and ₹14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in ₹1.74 lakh crore during the period.

By Marc Jones

Mutual funds’ collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market. Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said. “With investors firmly believing in the India growth story and the emergence of new segments in organised space, more and more companies are seeking funds through primary and secondary market offerings.