Bitcoin, shares of Tesla and a high-flying exchange traded fund (ETF) fell on Tuesday, retreating from recent rallies in a volatile session that gave investors a gut check.
Global equity funds led investment inflows in the week to Feb. 17, as fund investors favoured riskier assets on optimism over the coronavirus vaccine roll-outs and expectations of a massive U.S. stimulus package.
The Bank of Japan may replace some numerical guidelines for its purchases of exchange-traded funds (ETF) with a pledge to ramp up buying when markets become volatile, three sources familiar with its thinking said.
By Reuters Staff
1 Min Read
FILE PHOTO: American flags hang from the facade of the New York Stock Exchange (NYSE) building in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar
(Reuters) - U.S.-based stock funds attracted $7.8 billion in the week to Wednesday, as the S&P 500 traded near a record high, according to Lipper data released on Thursday.
U.S. taxable bond funds pulled in $5.7 billion, the ninth straight weekly inflow, while money market funds drew $17.3 billion, the Lipper data showed.
Reporting by Noel Randewich; Editing by Leslie Adler
4 Min Read
NEW YORK (Reuters) - Frenzied speculation in the shares of GameStop may have subsided, but it is business as usual in a small corner of the market where traders looking to turbocharge their gains dabble in what may be some of the market’s most volatile funds.
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Leveraged and inverse exchange traded products (ETPs) - which aim to magnify the moves of an underlying index or stock several times over - account for only around 1% of the $5.9 trillion universe of U.S.-listed exchange traded products, according to CFRA.
Yet some of these ETPs are drawing heavy interest from both professional traders and retail investors, though no definite numbers are available on their participation rates. But it is another sign of the voracious appetite for risk that has gripped markets in the wake of unprecedented stimulus from the Federal Reserve, expectations of another fiscal package from lawmakers and a rally that has boosted the S&P 500 Index about 80% from its