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Related Special Reports
...Few have drawn more interest than BlackRock’s first fund to be tokenised on a blockchain, the BlackRock USD Institutional Digital Liquidity Fund (Buidl)....
...Hedge fund drama on the high seas I twisted the arm of my excellent colleague Costas Mourselas into boiling down the intriguing story he did last week with Robert Wright, about two things that never seem...
...I think this stems from fear and uncertainty,” BlackRock chief executive Larry Fink told analysts on Friday....
...While high-frequency traders and hedge funds have become increasingly interested in bitcoin ETFs and the potential for arbitrage, the bulk of new assets moving BlackRock’s new cryptocurrency products appear...
...BlackRock said in a statement that “since the underlying securities in DYNF are large-cap US equities, and some of the most liquid stocks in the market, liquidity was not a challenge when the fund was added...
...BlackRock will cap the fee on its $10.3bn iShares Broad USD High Yield Corporate Bond ETF at 8 basis points, the firm disclosed on Tuesday....
...to sell assets at times when markets are potentially stressed, spreads are high and transaction costs are high.”...
...Infrastructure investment has never been a high-returns business; its appeal is regular annual yields....
...High-yield bond ETFs gathered $11.6bn globally, including $10.8bn in US-listed ETFs, according to BlackRock....
...“What BlackRock has done is [try to address] what most of the industry is grappling with. I think you are going to see similar announcements from other asset managers.”...
...“I think there are risks to credit spreads here.”...
...High profile women in the industry were involved from the outset....
...BlackRock also announced a major reorganisation that Fink said would “simplify and improve how we work” while meeting client demands for higher yields and customised investment products....
...I thought this stat was unbelievable: 72 per cent of high-yield companies refinanced when the fed funds rate was under 1 per cent....
...“I don’t need to read about myself,” he said. “I know enough about myself and who I am.”...
...Flows into emerging market equity exchange traded funds marked a new record in February, as activity by China’s “national team” appeared to continue at pace....
...A record $1.2bn has flowed in to European-listed exchange traded funds investing in the region’s high-yield bonds this year to Thursday, according to BlackRock data....
...But that high has led to a predictable reckoning....
...“I think we will certainly see some of the narrowly focused players finding strategic partners,” said David Hunt, chief executive of PGIM....
...So the all-in yields are still pretty high because the Fed rate is still pretty high. It’s at a 20-whatever-year high....
...The volte-face was particularly notable in high-yield bonds, which saw year-to-date net outflows of $8bn as of October 27, but then took in $17.1bn in the remainder of 2023....
...As Lex wrote, “the tension between fund investors, public shareholders and employees creates a high-wire act” for them. At the other end of the fund management spectrum sits Abrdn....
...The White House has issued a blunt warning that the US will run out of funds to aid Ukraine by the end of the year....
...You could extinguish the entire global high yield bond market (ok one of these isn’t true)....
...Much of the phenomenon is due to retail investors keen to capitalise on high yields and the perceived safety of government debt....
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