February 22, 2021
NEW YORK (XINHUA) – The recent embracement of cryptocurrency Bitcoin by multiple enterprises and investment firms greatly inflated Bitcoin prices, with market capitalisation of Bitcoin topping USD1 trillion on Friday.
However, Bitcoin is still far from becoming a mainstream investment asset, bringing risks of overvaluation and price volatility, according to multiple investment advisory firms.
A number of firms’ announcements on their purchase of Bitcoin or plans to offer greater adoption of the cryptocurrency changed short-term market dynamics dramatically with Bitcoin prices surging around 90 per cent so far in 2021.
International investment management giant BlackRock Inc has “started to dabble a bit” into Bitcoin, said Chief Investment Officer of Global Fixed Income and Head of the Global Allocation Team with BlackRock Rick Rieder.
(Bloomberg) A senior Bank of America Corp. bond trader is the latest person to depart from the company’s fixed-income division.Shyam Rajan, head of U.S. Treasury trading, is leaving after more than a decade with the firm, according to people familiar with the situation who asked not to be identified discussing personnel matters. On Thursday, the company named Michael Maras head of global fixed-income, currencies and commodities research after prominent analyst David Woo decided to leave.A Bank of America spokesman and Rajan declined to comment.Wall Street often sees staffing changes around this time of year after bonuses are distributed, with financial firms competing to hire talent. At Bank of America, restraint on compensation and policy changes have sparked anger among some investment bankers and traders who expected bigger rewards after a banner year in 2020. More broadly, the biggest U.S. lenders have become more frugal on pay as strains on consumer divisions ate into win
Feb 18, 2021 Hubbis
Sustainable Asia Bond Fund in Europe brings Asia – focused suite of funds to European investors.
Manulife Global Fund Sustainable Asia Bond Fund takes advantage of the ongoing global trends in sustainable and responsible investing. The region is undergoing an important sustainability evolution that Manulife Investment Management believes will lead to compelling investment opportunities in fixed income. Investors are becoming more aware and accepting of the competitive financial returns that can be generated alongside social and environmental progress and are beginning to embrace international standards of sustainability. The sustainability of business in Asia is increasingly important to various investors and stakeholders, creating compelling opportunities for investment across Asia-Pacific markets.
Bitcoin (BTC), the flagship cryptocurrency, keeps surging to all-time highs.
On Wednesday (February 17, 2021), which was just a day after the digital asset surpassed the $50,000 mark, the crypto had again set a new record above $51,000. Bitcoin is trading at around $51,490 at the time of writing while (earlier) reaching as high as $52,000+.
As the cryptocurrency’s price continues to increase dramatically, analysts have cautioned that the rally may not be sustainable at these prices due to high levels of volatility.
The world’s leading crypto, with a market cap of more than $950 billion (at the time of writing), managed to set a record of $52,577.50, which has been supported by signs of its growing acceptance among major institutional investors and firms like Mastercard and Tesla. The oldest American bank, BNY Mellon, has also announced its Bitcoin-focused plans, while BlackRock, the world’s largest asset manager, has said it is currently planning to “dabble” in Bitcoin
Manulife Investment Management launches Sustainable Asia Bond Fund in Europe
Brings Asia - focused suite of funds to European investors
LONDON, Feb. 17, 2021 /PRNewswire/ Manulife Investment Management, the global wealth and asset management segment of Manulife Financial Corporation, has announced the availability of its Sustainable Asia Bond Fund in Europe; the fund seeks to invest in Asian fixed income securities with superior sustainability attributes. Manulife Investment Management is recognized as a leader in both Asia Fixed Income and sustainability. Its Asia Fixed Income platform includes 11 Asian markets with more than $65 billion in Asian Fixed Income assets.
1 The firm was also included in the PRI Leaders Group 2020 for demonstrating responsible investment excellence in its responses to the PRI Reporting Framework with specific distinction in climate reporting.