Hints and tips:
...TCI made $12.9bn for investors and ended last year up 33 per cent, ahead of the S&P 500 index’s 24 per cent rise....
...However, on November 1, S&P Dow Jones Indices stripped Nigeria from the S&P Select Frontier index that the ETF tracks at a “zero-price”....
...Amy Wu Silverman, equity derivatives strategist at RBC Capital Markets, emphasises the problem of timing: From a cross-asset perspective it is very compelling to say “equity vol looks cheap” relative to...
...The value of short positions against Argentine bonds lent by international custodian banks is currently $41mn, a sharp increase from $25mn ahead the mid-August vote, according to data from S&P Global Market...
...Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, said 440 of Canada’s 900 ETFs are now actively managed....
...Harvard’s Kenneth Rogoff argues that even if inflation declines it will probably remain higher for the next decade than in the decade after the financial crisis....
...Virtu’s shares have fallen almost 10 per cent this year even as benchmarks such as the S&P 500 have rallied....
...The recent performance of the S&P 500 highlights the tougher environment, but also shows how some companies can still generate big returns....
...The Big Four index funds of Vanguard, State Street, Fidelity and BlackRock control more than 20 per cent of the votes of S&P 500 companies....
...the first four months of the year, according to HFR data, ranking them as the best-performing category of hedge fund during a period in which many big-name managers posted double-digit losses and the S&P...
...Price [to] earnings ratios are close to historic highs,” said Kenneth Tropin, chair of Connecticut-based Graham Capital Management, which runs $17.7bn in assets....
...Citadel, which suffered badly in the 2008 financial crisis but has gone on to post returns well ahead of the S&P 500 and its peers, was last year able to put on risk when many other investors were running...
...Berkshire Hathaway’s portfolio, for example, includes only two ETFs and both offer exposure to the S&P 500....
...If market makers sold a large number of call options that would pay out if the S&P 500 were to rise, for example, they could hedge their position by purchasing S&P 500 futures....
...The resulting stock price surge lifted the company’s p/b sharply (with the caveat that measuring p/b is more art than science): Change is coming from on high, too....
...At the end of 2014 the 10 largest companies in the S&P 500 in terms of market cap had a combined weighting of about 17.5 per cent, he said....
...Thanks to Monet, the British art historian Kenneth Clark said, “every day we pause with joy before some effect of light which we should otherwise have passed without notice”....
...The plunge means this could be the right time to buy into battery technologies, says Kenneth Lamont, senior fund analyst at Morningstar....
...US bond prices fell and the S&P 500 index dropped 9 per cent over the next month....
...“There’s been a paradigm shift in interest in macro from the previous decade to now, due in large part to central bank activity,” said Kenneth Tropin, chair of $17.5bn-in-assets Graham Capital, which he...
...It recorded a 3.5 per cent loss in 2022, while the while the S&P 500 was down 18 per cent....
...The high volatility — which came as the S&P 500 fell into a bear market — benefited many players on Wall Street, and trading revenues at Goldman Sachs, Morgan Stanley and JPMorgan Chase all rose considerably...
...However, Silverman said he would have expected “more intense buying right now”, especially at S&P 500 companies....
...“There are clearly those with a bullish sentiment out there,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar....
...Moreover flows to and from leveraged ETFs, which provide magnified short-term exposure to an underlying market, such as the S&P 500, are “always contrarian”, he added....
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