Trackers Financial News

The worst-selling IA sector in August was UK All Companies, which experienced outflows of £747m.

It’s time to dust off that fitness band or smartwatch and start tracking your activity again. Clocking your steps and other fitness metrics really does result in more physical activity, recent studies show. And when families track their activity, it gets them out walking together and encourages them to set collective goals.

Jio Financial Services will eventually see its exit from domestic benchmarks Nifty 50 and Sensex, the stock will remain among the elite group of MSCI and FTSE indices.FTSE Russell added Jio Financial back to the All-World cap index and a few others, while MSCI Inc will add the stock to its Global Standard and Largecap indices after market trading hours on Wednesday. Typically an inclusion or exclusion of a stock from MSCI/FTSE indices results in inflows or outflows as passive funds adjust their portfolio to the changes. However, the stock’s presence in global indices is unlikely to result in any inflows or outflows, according to experts. “Unlike in India, where there are a set of criterias to be part of Nifty/Sensex, the breadth of global indices is wider. Therefore, Jio Financial will be in FTSE and MSCI indices,” says Abhilash Pagaria of Nuvama Institutional Equities. As funds owning RIL stock already have Jio Financial shares, there will be no fresh adjustments in their portfolio.

Narendra Modi envisioned India as a developed country by 2047 to mark a century of freedom. He called the next 25 years an “Amrit Kaal," a propitious phase for the fulfillment of this ambition. As the emergence of our economy is a necessary—if not sufficient—condition for it, output per head would suggest itself as the gauge to adopt.

Laith Khalaf (pictured), is the head of investment analysis at AJ Bell

The cryptocurrency ecosystem has seen a tremendous amount of growth over the past couple of years, as the introduction of decentralized finance (DeFi) and the popularity of nonfungible tokens (NFT) have led to an explosion of projects on more than a dozen blockchain networks. 

The Venezuelan President Nicolás Maduro and his cohorts have long banged the drum about creating a “crypto-powered economy” – but it appears that either the message has got through to citizens, or Venezuelans have been adopting crypto of their own accord.