The withdrawals of the schemes came as investor focus shifted to existing debt funds after the government introduced changes to the mutual fund taxation in the Finance Bill.
US stocks ended the week on a high note, driven by speculation that the Federal Reserve won’t raise interest rates beyond peak levels already priced in.
London-based Nickel Digital Asset Management (Nickel), a regulated crypto hedge fund manager, has
outperformed the S&P500 since January 2020, despite the initial strong performance of equities during the COVID
period.
Market participants are feeling optimistic at the start of the week, with major indices in Europe rising and US stocks poised to open moderately higher and near record high territory.