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...BlackRock, the most successful of the new ETFs, had inflows of $527mn this week but others, such as Invesco, Franklin Templeton and Valkyrie, had minimal inflows....
...Two years ago Franklin Templeton launched a tokenised fund but had attracted only $360mn in assets by the end of March....
...Grayscale’s bitcoin ETF accounted for about half of the action, according to Bloomberg Intelligence and the company, which said $1bn in trading occurred within 90 minutes of markets opening....
...More than $5.6tn is held in money market funds, according to the Investment Company Institute....
...European investor allocations to environmental, social and governance exchange traded funds slowed down in the first quarter of 2024 as the sector endures an “existential crisis”, Morningstar research shows...
...deal is on a much smaller scale....
...Recent launches from JPMorgan and State Street Global Advisors have all reached the $10bn threshold in about two years, according to Morningstar....
...The first is a standalone public company — albeit with a lot of other businesses bolted on — while the latter two are part of broader listed companies, S&P Global and LSEG respectively....
...Vanguard has no immediate plans to add spot bitcoin exchange traded funds to its platforms, the company said, even as trading volumes ramped up on rival platforms....
...Global regulators were alarmed by the rise of the US Treasury basis trade, where hedge funds borrow money from banks to bet on the price of Treasury bonds and futures converging....
...US start-up Koloma raised $91mn last year from funds including Bill Gates’s Breakthrough Energy Ventures....
...Franklin Templeton’s exchange traded funds attracted about $1bn in net inflows in the three months to December 31, lifting total ETF assets to $20bn, 40 per cent higher than a year earlier....
...,” says Eric Veiel, head of global investments at T Rowe Price....
...The fierce competition and smaller profits are also affecting companies in the EV supply chain — notably battery makers....
...The question is what these companies can do to get their valuations up. The list of options is not long. One: they can take the Franklin route, and buy up (even) smaller rivals....
...The backlog is four times larger by value than it was during the global financial crisis. Not all these unsold companies will be duds....
...Instead, it will be smaller regional banks that will feel more of this pressure....
...The notion of a $100 charge to buy an ETF is “well out of line” with investor expectations for how much trading an ETF should cost, said Elisabeth Kashner, director of global fund analytics at FactSet, a...
...High net worth investors who can buy without debt have powered the bulk of recent transactions — although they are generally limited to smaller deals....
...Smart reads Unlikely backer Retired hedge fund billionaire Leon Cooperman and a “predatory” cash-advance company had no reason to cross paths, Bloomberg reports. Then came a private credit fund....
...Smaller companies hoping to raise funds but wary of the financial and regulatory burdens associated with being public are still turning to private markets or venture capitalists, according to strategists...
...Of the 1,462 active Global Equity funds managed out of Europe, only 18 per cent beat their low-cost passively managed counterparts over three years after fees....
...Pacer Funds, meanwhile, has issued a suite of so-called cash cow ETFs that invest in companies with excess cash flow....
...A BlackRock ETF run by the manager’s CIO of global fixed income, Rick Rieder, has led active fixed income ETFs in flows so far this year, garnering more than $2bn....
...The damage was particularly acute in LDI pooled funds, which are managed for mainly smaller pension funds....
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