FIDELITY INVESTMENT TRUST
TRUST Mutual Fund appoints Jalpan Shah as head of fixed income
Prior to joining TRUST Mutual Fund, Shah served as Senior Vice President at HSBC Mutual Fund. He was a key member of the organisation and is credited for managing substantial AUM in the fixed income space.
Go Digit IPO opens; quick commerce boost for FMCG firms
Go Digit General Insurance launched its Rs 2,615 crore initial public offering (IPO) on Wednesday. More details on this in today's ETtech Top 5.
Go Digit Insurance Rs 2,615 crore IPO retail portion fully subscribed
The IPO, priced between Rs 258 to Rs 272 per share, will close on Friday. The company had reserved 9.6 million shares for retail investors.
Digit Insurance IPO's retail portion fully subscribed; key highlights of the offering
The retail portion of Digit Insurance's IPO was fully subscribed at 1.45pm. The company had reserved 9.6 million shares for retail investors in the issue that opened on Wednesday. The Rs 2,615-crore IPO comprises a fresh issue of Rs 1,125 crore and an offer for sale component of up to 54.7 million shares.
Outflows from Grayscale bitcoin ETF hit $1.9 billion in single week
Grayscale Bitcoin Trust saw $1.9 billion outflows, affecting U.S. spot bitcoin ETFs. Despite buying interest from BlackRock, Fidelity, inflows slowed. Grayscale's high fee, bankruptcy trustees selling contributed. Challenges with Wealthfront, interest from institutional investors.
Grayscale plans spin off of spot bitcoin ETF
GBTC - which in January received approval to convert from a trust to an ETF - currently has higher fees than its peers, one of the key factors in drawing investors to rival ETFs, Reuters has reported.
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Looking to invest in PSUs ? Have the right mix of expectations as the risk rewards equation is very different in these 45 public sector stocks
If one looks at the last three months of the stock market moves, a new industrial house appears to be born and has caught the fancy of the street. Yes, we are talking about PSU as a set of companies. It is not owned by one individual but by the government of India so there is an element of the largest shareholder being one entity and that is why it may be called a new industrial house. Stocks which have been listed for years and till a year back were available at dividend yield of 6 % and no one was ready to look at them. They have suddenly caught the fancy.
Bitcoin ETFs come with risks: Here are key things you should know
Several established financial institutions, including Fidelity and BlackRock, have coalesced around bitcoin because it is the world's first and largest cryptocurrency. But bitcoin remains an enigma to most everyday investors, and it's hard to separate the buzz from any true potential. It's also wildly volatile. In other words, it's a bet.
Crypto funds have arrived. But who needs them?
The SEC this month approved 11 new ETFs that track the price of bitcoin, and the decision has been heralded by promoters of bitcoin — and of the new funds — as an important event, legitimizing bitcoin as an asset class.
Bitcoin ETF hopefuls still expect SEC approval despite social media hack
U.S. asset managers remain hopeful the securities regulator will permit the trading of spot bitcoin exchange-traded funds (ETFs), even after a fake post on the agency's social media account saying they had been approved sparked confusion on Tuesday.
Companies disclose expected fees for spot bitcoin ETFs ahead of SEC decision
Their rates were well below the average rate that analysts had anticipated and that even some issuers had indicated would be the range.
Investing in PSUs: Risks are of a different nature and so is reward for these 45 public sector stocks
Few years back, for a PSU stock to do well there was an unwritten rule on Dalal street. Is that company a divestment candidate? If yes, then the street would look at in a positive manner otherwise it was a no go area. Nobody on the street was interested in looking at whether the company is growing at a good enough rate, what the business was, whether it had any moat or not. Over the years, as no divestment took place, interest in PSU came down. The only time there was some activity at these stocks was when dividends were announced as the yield was high in these stocks. But then all of sudden things changed. In the last nine months, PSU stocks are the new stars of Dalal street. Will 2024 see the continuation of this trend ?
Crypto Talk | Fidelity Investment, BNY Mellon’s foray into crypto a boon, not bane: Giottus Crypto
"In India, as regulatory clarity evolves, it is clear that crypto is here to stay. The primary challenge lies in aligning the government’s stance with a user-friendly environment for crypto enthusiasts. This will encourage businesses that have remained one foot away based on previous uncertainties to plan for an entry into the sector. The opportunity then lies in growth of a global sector that can eventually innovate, mature and gain mainstream acceptance, particularly in a technology-savvy country like India."
ETtech Explainer: Will rate limits accelerate the decline in Twitter’s revenue?
Citing advertising and marketing industry executives, a Reuters report said the rate limits could impede efforts by Twitter’s new chief executive Linda Yaccarino to woo advertisers.
Fidelity readies new spot bitcoin ETF filing - report
Fidelity is expected to file for a spot bitcoin exchange-traded fund (ETF), joining other major asset managers like BlackRock and WisdomTree. The filing has helped reverse negative sentiment in the cryptocurrency markets. If approved, the bitcoin ETFs could open the door for more institutional and high-net-worth retail investors to enter the crypto space. However, the Securities and Exchange Commission has rejected previous applications over concerns of market manipulation. Fidelity is also part of a consortium that recently launched a crypto exchange called EDX Markets. Grayscale Investment is suing the SEC over the rejection of its application to convert its spot Grayscale Bitcoin Trust into an ETF.
Fidelity preparing to submit spot bitcoin ETF filing: report
The filings have been viewed as a vote of confidence for the crypto space, reigniting some retail interest in the industry which had felt renewed pressure after Binance and Coinbase Global, two of the biggest crypto exchanges, came under fire from the U.S. Securities and Exchange Commission.
Fidelity Group company leases sea-view office space in Mumbai
The firm has leased over 6,150 sq ft of usable office space in the tower for five years. The agreement includes a clause to escalate rentals by 9.75% every two years.
Court set to hear arguments in Grayscale's lawsuit against US SEC over bitcoin fund
The case comes as the crypto industry has increasingly been at odds with the SEC over its crackdown on digital asset products, including those that offer investors returns on certain digital tokens.
The/Nudge ties up with Punjab for its Indian Administrative Fellowship for private sector executives
The/Nudge, founded by Atul Satija in July 2015, hopes that socially conscious business and technology leaders will pursue the opportunity to work with civil servants. The selection process involves screening after interactions with The/Nudge team, civil servants and external partners from September to October.
Asset Monetisation: Government beats FY22 target with Rs 96,000 crore
"During FY22, transactions aggregating to about ₹96,000 crore of accrual or investments by central and state government entities have been completed under the core asset monetisation programme," the official said. "This will have a cumulative investment potential of ₹9 lakh crore over the years."
TP ICAP to launch crypto trading platform with Fidelity, Standard Chartered
Institutional investors have warmed to the crypto sector this year and the platform, which is due to launch in the second half of the year, will initially allow them to trade bitcoin, with second-largest token ether to be added later.
Sona Comstar raises Rs 2,500 crore in anchor issue, third-largest ever
The anchor issue is the third-largest in Indian capital market history after SBI Cards and Payment Services and Power Grid Infrastructure Investment Trust.
Invesco plans crypto-linked ETFs in bid to bypass SEC aversion
About 85% of the Invesco Galaxy Blockchain Economy ETF and the Invesco Galaxy Crypto Economy ETF will be in crypto-linked equities, according to a filing with the U.S. Securities and Exchange Commission. The rest of the portfolio will be in other trusts and funds that hold cryptocurrencies.
Don’t judge a stock by its price! That’s one of Tillinghast’s stock-picking secrets
Tillinghast says investors should look for companies that dominate market niche and have low levels of debt. He feels investors should look for a distinctive brand that consumers trust and seek out and a business model that isn’t buffeted by the ups and downs of the economy.
Bitcoin is gunning for a record and no one is talking about it
The world’s largest cryptocurrency by market value has been through a boom and bust and a second boom since its frenzied heydays in 2017.
Bitcoin tops $17,000 for first time in almost three years
The largest digital coin, which has more than doubled this year, rose as much as 2.4% to $17,099 on Tuesday in New York trading. From an all-time high in December 2017 of nearly $20,000, Bitcoin tumbled to as low as $3,136 within a year.
NSE-BSE bulk deals: Nomura, Goldman Sachs, Fidelity stock up CAMS on debut
Vanguard Group bought shares of Can Fin Homes, while Caladium Investment offloaded some of its stake.
Mindspace REIT IPO subscribed 38% on Day 1
The price band of the issue is fixed at Rs 274-275 per unit. Investors can make for a minimum of 200 units and in multiples of 200 units.
Bulk & Block Deals: Fidelity sells Tata Communications shares
India Capital Fund sold 7,00,000 shares of Mangalam Cement at Rs 150 each.
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