“Trump’s pro-crypto stance is expected not only to invigorate the US virtual-asset industry, but also to encourage Hong Kong to further relax its own virtual-asset policies in its quest to become a global Web3 hub,” said Livio Weng, chief executive of Hong Kong-based cryptocurrency trading platform HashKey Exchange. “This shift could also positively influence regulatory…
Don’t look now, but tech could be in real trouble. Wolfe Research technical strategist Rob Ginsberg pointed out that the Technology Select Sector SPDR fund (XLK) in June hit its highest level relative to the S & P 500 since March 2000, when the dot-com bubble and first-wave internet stocks peaked. Since then, the XLK…
Christopher Grigat | Moment | Getty Images Investors can generally reduce their tax losses in a portfolio by using exchange-traded funds over mutual funds, experts said. “ETFs come with tax magic that’s unrivaled by mutual funds,” Bryan Armour, Morningstar’s director of passive strategies research for North America and editor of its ETFInvestor newsletter, wrote earlier…
Investors drove massive inflows into exchange-traded funds that buy Chinese stocks last week on optimism over additional fiscal stimulus, even as local shares came off the highs reached the week before. Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $5.44 billion in the…
The China trade started showing signs of fading Tuesday after the country’s economic planning body stopped short of announcing any new major stimulus plans. Zheng Shanjie, chairman of China’s National Development and Reform Commission, shared several actions Tuesday aimed at bolstering the world’s second-largest economy. But he did not announce any major new plans for ensuring…
By Suzanne McGee (Reuters) – Investors flooded U.S.-based exchange-traded funds (ETFs) that target Chinese markets with $5.2 billion in new assets in the past week when mainland China’s financial markets were shut for a national holiday, and some asset managers are hopeful the optimism will be enduring. The influx came after an initial package of…
The world-beating rally in Chinese stocks is driving record inflows into exchange-traded funds that buy the nation’s stocks, with investors plowing billions across five leading funds amid optimism from Beijing’s stimulus measures. Inflows to U.S.-listed emerging market ETFs that invest across developing nations as well as those that target specific countries totaled $5.96 billion in…
Utility stocks this year have mounted a rally unseen in more than two decades. In the third quarter, utilities are the best out of 11 sectors that comprise the S & P 500, climbing 18%. As a group, utilities are poised to score their largest quarterly gain since George W. Bush was president in 2003….
It could be time to rethink popular portfolio strategies for a lower interest rate environment. The Federal Reserve’s half-percent rate cut on Wednesday marked the first time in more than four years it moved to lower the benchmark interest rate. According to VanEck CEO Jan van Eck, investors should start thinking about how the changing…
The city rose to 30th place, up from the No 47 spot last year, in this year’s Global Cryptocurrency Adoption Index rankings published on Wednesday by research firm Chainalysis. It said Hong Kong saw an 85.6 per cent year-on-year surge in cryptocurrency transaction value, the largest growth seen in East Asia. Hong Kong regulators’ acceptance…