News 

New ‘spider’ ETF captures Facebook, AT&T in its web

“The communication services sector has underperformed the technology sector in 2018, according to Morgan Stanley research” writes Midwest Communications Inc for 95kqds.com. The Communication Services Select Sector SPDR Fund will belong to the group of SPDR funds managed by State Street, known as “spiders.”. Communication services combines the likes of Google owner Alphabet Inc, Facebook, and Netflix, with AT&T Inc and Verizon Communications, according to a list released in January that named select companies.The overhauled GICS will replace the old telecommunication services with the broader communication services sector, yanking large…

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News 

Rising Rates Series: Ride The Current with Floating Rate Notes

“Securities with floating or variable interest rates may decline in value if their coupon rates do not keep pace with comparable market interest rates” writes Partner Content for investopedia.com. The duration, or interest rate sensitivity, of floating rate notes tends to be very short, as the bond’s coupon regularly resets.While FRNs and bank loans both offer floating interest rates, they have key differences in terms of credit quality and liquidity.While there are several types of debt instruments with variable interest rates, such as bank loans or variable rate demand notes…

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Crypto News 

Declining Returns No Real Concern for Cryptocurrency…

“For cryptocurrency hedge funds, the declining returns are not too appealing either” writes Jp Buntinx for livebitcoinnews.com. Are you concerned with recent losses by cryptocurrency hedge funds, or are you optimistic for the future?. For cryptocurrency hedge funds, things are not looking great either.Moreover, it seems there are still new cryptocurrency hedge funds popping up all over the world.Plenty of interesting developments became apparent in late 2017, especially where the number of cryptocurrency hedge funds is concerned. Source: livebitcoinnews.com Share This:

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Crypto News 

Crypto Hedge Funds Down by an Average of 35% Since January

“The financial times reported that so far this year, cryptocurrency hedge funds are actually down by an average of 35 percent” reports financemagnates.com. Only 8 percent of the top 25 crypto hedge funds have reported any profits at all since January.As of April, nine crypto hedge funds had shut down all operations.Cryptocurrency hedge funds popped up like weeds throughout the year 2017 (at least 167 of them), and for good reason–the average crypto-based hedge fund grew a revenue of 2,700 percent over the course of last year.Indeed, the lack of…

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News 

BIS wants tighter rules for funds offering credit, fintech

“The macroprudential perspective should be extended to asset management funds to address these concerns,” the BIS said” writes Midwest Communications Inc for 95kqds.com. These funds are known as shadow banks because they also offer credit.But close cooperation was needed between regulators and central banks to deal with risks to the wider financial system, the BIS said.The Financial Stability Board, based at the BIS in Basel, Switzerland, said in March that shadow banking from open-ended bond funds, hedge funds, money market funds and other types of funds rose 7.6 percent to…

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Crypto News 

eToro is setting up a crypto trading desk for hedge funds and banks

“The cryptocurrency market crashed from a peak of over $800 billion in December to around $280 billion today, but institutional interest has persisted” writes Oscar Williams-grut for businessinsider.com. Assia said institutional interest in the space was still at an early stage.We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”. LONDON — Social trading platform eToro is setting up a new over-the-counter (OTC) trading desk in London for cryptocurrencies amid growing interest…

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News Regulators 

Americans could pay $2.2 billion more on their credit-card debt after Fed rate hike

“Consumers with credit-card debt will likely pay an additional $2.2 billion in interest payments annually, according to an analysis from the credit-card website CompareCards.com” writes Maria Lamagna for marketwatch.com. Credit-card interest rates are variable and tied to the prime rate, an index a few percentage points above the federal funds rate.The Federal Reserve on Wednesday raised its benchmark federal funds rate by a quarter-percentage point — to a range of 1.75% to 2% — as many economists had expected.If you have credit-card debt, it just got a little more expensive.The…

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Blackstone raises more than $9 billion in new Asia funds

“With the new Asia private equity fund, Blackstone said it now has at least $3.8 billion to invest in Asia equity when “associated commitments” from its global buyout fund are counted” writes Midwest Communications Inc for 95kqds.com. The U.S. private equity firm closed the Asian private equity fund at about $2.3 billion, while raising $7.1 billion for its second regional “opportunistic” real estate fund, it said in two separate statements.Investor interest in Asia-focused private equity has grown as deals have increased in size following corporate restructuring and as global private…

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News Stocks 

Millennials are dumping their individual stocks and flocking to ETFs

“The surge in ETF popularity also is coming at the expense of individual stocks” writes unknown author for cnbc.com. The move is coming at the expense of individual stocks, with more than half of millennials surveyed saying they dumped all their equity holdings for ETFs.Schwab conducted the survey from 1,500 of its clients, 55 percent of whom said they consider ETFs “the primary investment type” in their future portfolio.Millennials are going all-in when it comes to using exchange-traded funds in their investment portfolios.Investors prefer the funds for their ease of…

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