55 minutes ago
Figures are in billion U.S. dollars. Source: Statista.com
1 hour ago
Low volatility ETFs also modify holdings to try to tamp down drama. The largest low-volatility ETF, iShares MSCI USA Min Vol Factor with $29 billion in assets, spreads its portfolio across a wider range of industries than Invesco S&P Low Volatility, Rosenbluth says. It does this by holding the least volatile stocks in a sector, even if the sector itself is volatile. Microsoft (MSFT) is its top holding at 1.7%. Source: investors.com
2 hours ago
The $32 billion Grayscale Bitcoin Trust has plunged 20% this week, outpacing a 13% decline in the world’s largest cryptocurrency. GBTC’s once-massive premium to its underlying holdings has evaporated as a result, with the price of GBTC closing 0.7% below its underlying holdings on Wednesday -- the first discount since March 2017. Source: Bloomberg.
3 hours ago
JPMorgan might make bitcoin 1% of portfolios. Cryptocurrencies may be relatively new and volatile, but they’re also somewhat uncorrelated with other assets, and may be able to provide a good hedge. Former Federal Reserve economists Roberto Perli and Benson Durham at Cornerstone Macro LLC have run calculations and found that the volatility of equity portfolios can usually be reduced by adding some amount of digital assets. Source: Bloomberg
4 hours ago
5-year Treasuries just had biggest 1-day change since 2002. Aberration or is the wind turning?
Charles-Henry Monchau is CIO and CCO at Flowbank where he brings 25 years of international experience in multi-asset investing.
Jasper Lawler has accumulated over twelve years of experience in the financial industry.
Martin Boujol, recently graduated from HEC Lausanne and the University of St. Gallen, built various independent blogs and has a strong expertise in technology, arts and literature.
Yingqiu Deng is currently studying a master's in Wealth Management and has a broad knowledge in International Business and of the Chinese market.
Sirine Demdoum holds a master's degree in Economics and has a strong interest in economics and finance research.
From San Francisco, William worked for Figure Technologies' capital markets blockchain trading platform, Lending Club's ABS structuring team, SoFi's BD team and Yodlee as a Sales analyst.