Hints and tips:
...It should thus be no surprise that long-term rates have corrected upwards, particularly given that the short-term neutral rate has probably risen....
...The 10-year US Treasury yield has risen from 1.51 per cent to a peak of 3.2 per cent this year, while the Bund yield, which turned negative in 2019, has jumped from minus 0.18 per cent to as high as 1.19...
...The funds have taken in a net $63.3bn since the start of 2017, but assets have only risen by $48.6bn over this period, even as global markets have risen....
...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....
...“If you were convinced two years ago by the Ark story, technology is now on sale,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar....
...Western Alliance Bancorp, the Phoenix-based bank, said yesterday that deposits had risen by $3bn in the past few weeks as it reported first-quarter earnings....
...By the end of 2021 that had risen to 30.5 per cent but by the end of last year it had fallen back to 25.5 per cent....
...There have been pockets of growth for the industry, though, perhaps chiefly among them India, where ETF assets have risen 11.4 per cent this year to $60.6bn, despite the stock market making small losses...
...Temperatures have already risen at least 1.1C in pre-industrial times. Of the €5.34bn it provided last year, half went towards climate change adaptation and half to mitigation....
...“It reminds me of the early part of my career when macro funds were the dominant style of investing,” said Kenneth Tropin, chair of $19bn-in-assets Graham Capital, which he founded in 1994, referring to...
...It’s counterintuitive,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, who led the research....
...ECH has a weighting of nearly 24 per cent to Sociedad Quimica y Minera de Chile, which has risen more than 80 per cent since the start of the year....
...“The yield curve shows [the market] is expecting a recession,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar. “Clearly there is risk being taken off the table....
...Rokos, a former co-founder of Brevan, has risen 12.5 per cent this year at his Rokos Capital, helped by bets on rising bond yields....
...Not to mention that the average yield on investment-grade bonds has already risen from 2.36 per cent to 2.55 per cent since the start of the year, according to an index run by Ice Data Services....
...It dipped a fraction in May, but has since risen higher still to 2.8 per cent....
...Lamont said it was unsurprising that industry concentration had risen against this backdrop....
...Inflows of $235mn dwarfed the fund’s market cap of $125mn as of February 24, a period during which the share price has risen 21 per cent....
...There are extremely long wait times for refrigerators and washing machines, even as their prices have risen considerably....
...Shares in Merck, which have risen more than 130 per cent since 2011, fell 1.8 per cent to $75.97....
...As a new paper by Ethan Ilzetzki, Carmen Reinhart and Kenneth Rogoff points out, changes in the dominant global currency are rare. When they do occur, there is typically a long transition....
...Detergent prices had also risen by some 15 per cent, it added. “It’s critical....
...House prices have risen in many western countries despite most of them experiencing severe economic downturns....
...By 2020, after more than a decade of corporate pledges to improve diversity in a country where 40 per cent of the population is not white, the figure had risen to only 12 per cent....
...Shenzhen’s tech-focused ChiNext has risen some 59 per cent, on the same basis, exceeding even the runaway US tech benchmark, the Nasdaq Composite....
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