Stay updated with breaking news from Michael bolliger. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Buying Bitcoin is the most crowded trade; reminiscent of the 2018 crash Premium From a low of $4,000 in mid-March last year, the price of the world s first cryptocurrency has risen by nearly 900%. (Reuters) Share Via Read Full Story Buying Bitcoin is being viewed as the most crowded trade , according to the latest global fund manager survey published by BofA Securities. After Bitcoin s massive rally in recent months, it is hardly surprising that this cryptocurrency is fast regaining its lost glory. From a low of $4,000 in mid-March last year, the price of the world s first and most famous cryptocurrency has risen by nearly 900%. Currently, Bitcoin is trading at $34,750. ....
4 Invesco ETFs to Get Short-Term Emerging Markets Debt Exposure December 21, 2020 With the low rates in U.S. Treasury bonds these days, investors are looking to emerging markets (EM) for that hard-to-find yield. Invesco offers four EM debt ETFs that give investors exposure to EM debt while limiting duration risk. These Invesco BulletShares ® ETFs are based on the Nasdaq Bulletshares ® USD Emerging Markets Debt Index (Index). All funds invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index is designed to represent the performance of a held-to-maturity portfolio of US dollar-denominated, emerging markets bonds with effective maturities in 2021, 2022, 2023, and 2024. The funds do not purchase all of the securities in the index; instead, utilize a “sampling” methodology to seek to achieve investment objectives. ....
SHARE As Bitcoin surged through the $20,000 mark for the first time last week, the chief investment officer of New York-based money manager Guggenheim Partners, appeared on Bloomberg TV to make a startling claim – it should be worth 20 times that. Scott Minerd, who heads investment policy for a firm with more than $295 billion of assets under management, said the firm’s interest in Bitcoin had been fuelled by the US Federal Reserve s “rampant money printing that is going on” as it uses monetary stimulus to cushion and offset the economic shocks of Covid-19. “We made a decision to start allocating towards Bitcoin when Bitcoin was at $10,000. It’s a little more challenging with the current price, Mr Minerd said. But having said that, our fundamental work says that Bitcoin should be worth about $400,000”. ....
Stocks are edging out bonds as the choice of 2021 in emerging markets. The world’s biggest money managers, from BlackRock to JPMorgan and UBS, are betting the post-pandemic economic recovery will be so swift that it’s no longer necessary to be content with the single-digit yields of developing-nation debt. Equities will offer much higher returns in 2021, they say, in a signal that a decade of underperformance may come to an end. If fund flows are any indication, the rush into equities has already begun. A risk-on shift brought about by Joe Biden’s U.S. election victory and coronavirus vaccine successes has helped exchange-traded funds buying stocks get five times the deposits that bond funds have received in the past six weeks. ....