Analysis: U S bond derivatives signal calm, but economic fundamentals could spur more sell-offs netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
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
Fund News Advisors Can Use: Just Invest, QMA Bring Custom ESG, Tax Management to RIAs In this week s funds news, PGIM and SEI get into the direct indexing game and The Convexity Maven joins Simplify Asset Management.
QMA, the quantitative equity managers in PGIM, the asset management busines of Prudential, has partnered with direct indexing tech company Just Invest to launch PGIM Quant Select, a separately managed account service that allows registered investment advisors to build customized portfolios around traditional factor strategies, environmental, social and governance (ESG) factors and tax management.
The new offering combines QMA’s active equity management with Just Invest’s online platform; advisors can offer the accounts to clients with a $50,000 minimum.
How to Manage Risk and Generate Returns with Thematic Investments February 4, 2021
Investors should consider targeted exchange traded funds that marry best-in-class disruptive equities with sophisticated options strategies to create downside market mitigation and enhanced upside potential.
In the recent webcast,
Don’t Diversify Away a Good Idea: Rethinking Thematic Investing, Brian Kelleher, CRO, Simplify Asset Management, warned of the shortfalls of heavily relying on broad index-based funds like those that track the Russell 3000 Index. While the index provides instant diversification to the entire U.S. stock market, the strategy also dilutes exposure to innovative companies with greater growth potential.
For example, Tad Park, CEO and Founder, Volt Equity, highlighted a true champion in the innovative space: Tesla. He underscored the importance of data accumulation as the company is also the only one with a robust data engine to ensure that cars are constantly being updat