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LONDON (Reuters) - From cat food to cannabis, it’s boom time for quirky ETFs offering the chance to punt on niche themes in fast-growth sectors, but their huge gains are unnerving some who see them as another price-inflated asset that may threaten market stability.
FILE PHOTO: A statue of a girl facing the Wall St. Bull is seen in the financial district in New York, U.S., March 7, 2017. REUTERS/Brendan McDermid/File Photo
While Reddit “gamestonks” have grabbed recent headlines, retail investors are also credited with large flows into exchange-traded funds - basically a tradable basket of shares - swelling their assets by more than $1 trillion last year, according to Refinitiv.
DAILY VOICE | This fund manager with experience of over 2 decades has advise for retail investors post Budget
Retail Investors would indeed laud the budget as it has touched upon the key imperative sectors of the economy, says Kumar. February 12, 2021 / 07:56 AM IST
Niraj Kumar, CIO, Future Generali India Life Insurance highlights that the Budget has laid the foundation for a growth conducive platform which will percolate into strong equity market performance over the next few years.
In an interview with Moneycontrol’s Kshitij Anand, Niraj Kumar, who has about 20 years of experience in the capital markets, said the retail investors will be prime beneficiaries of this growth-oriented Budget, as the investment impetus would manifest into growth numbers and markets will reward those who are looking for long-term wealth creation.
Amsterdam ousts London as Europe’s top share trading hub
Business
February 12, 2021
LONDON: Amsterdam surpassed London as Europe’s largest share trading centre last month as the Netherlands scooped up business lost by the UK since Brexit.
An average €9.2bn shares a day were traded on Euronext Amsterdam and the Dutch arms of CBOE Europe and Turquoise in January, a more than fourfold increase from December. The surge came as volumes in London fell sharply to €8.6bn, dislodging the UK from its historic position as the main hub for the European market, according to data from CBOE Europe.
The shift was prompted by a ban on EU-based financial institutions trading in London because Brussels has not recognised UK exchanges and trading venues as having the same supervisory status as its own.
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