JaysonPhotography For the month, 93% of all closed-end funds (CEFs) posted net-asset-value (NAV) based returns in the black, with 85% of equity CEFs and 98% of fixed income CEFs chalking up returns in the plus column. The average equity and fixed income CEF posted NAV-based gains of 3.42% and 3.14%, respectively, for December. Lipper’s mixed-assets
Updated Jan 10, 2024, 04:46pm EST Topline The Securities and Exchange Commission announced Wednesday it greenlit the first spot bitcoin exchange-traded funds (ETF) in the U.S., a historic move for investors looking for exposure to the world’s largest digital asset. The SEC approved the first ever spot bitcoin ETFs. Copyright 2014 AP. All rights reserved.
House Speaker Mike Johnson, R-La., did not rule out another short-term funding bill to avert a shutdown later this month, a shift from December when he vowed there would be no more stopgap bills in 2024. Johnson’s remarks come as other House and Senate leaders, Democrats and Republicans alike, have conceded this week that Congress
An old oil well leaks salt water and oil on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer Hawk Dunlap shows a stick, reeking of crude oil after dipping it until an improperly plugged well on Antina Ranch near Monahans. Elizabeth Conley/Staff photographer That should have been enough to plug an additional 800 oil wells beyond
Topline Several applicants seeking to launch bitcoin exchange-traded funds cut their proposed fees on the ETFs, as the battle for control of the much-anticipated asset class heats up ahead of U.S. regulators’ expected approval of the first-of-their-kind crypto funds Wednesday. Key Facts BlackRock and Ark Invest slashed their fees for their proposed spot bitcoin ETFs
The chief executive of M&G’s asset management business has urged dialogue between global watchdogs to ensure a consistent regulatory framework for fund tokenisation, after the UK government last year backed an industry-led blueprint on how funds can adopt blockchain technology. In November, the technology working group of HM Treasury’s Asset Management Taskforce — chaired by
By Gwen Shapiro William Penn School District students endure, “a basement room that has an opening to a sump pump, a large drainage pipe running through it, and thick bundles of wires snaking across the walls,” as a classroom, due to overcrowding and lack of funding for a new building, as the former Superintendent testifies.
Optimism over artificial intelligence powered the stock market in 2023. It also helped some sustainable funds turn in a surprisingly strong performance. Based on data from Morningstar Direct, the top five sustainable U.S. equity mutual funds in Barron’s annual survey outperformed the S&P 500 index, returning an average 35% against a gain of 26%, including
New Mexico Coalition of Sexual Assault Programs is asking the legislature for a $4 million appropriation in recurring money from the general fund this year, executive director, Alexandria Taylor told NM Political Report. Taylor said the money goes to sustain services for the 15 sexual assault program providers and 11 sexual assault nurse examiners, often
Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. A former Millennium portfolio manager is preparing to launch what would be the biggest new hedge fund in more than a year after securing $3bn of capital from Izzy Englander’s firm and taking up to