ProFunds said the new mutual fund eliminates the need for investors to hold their bitcoin through exchanges or wallets.
Will Danoff, manager of the $US230 billion Fidelity Contrafund, told Bloomberg that there’s a “demographic issue” for mutual funds: Gen Z is not very interested in owning them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said. Danoff also lamented selling a large […]
A money market account is an interest-bearing deposit account offered by banks and credit unions. A money market fund is a type of income-oriented mutual fund that invests in short-term debt securities. Both are low-risk and highly liquid, but money market accounts and money market funds are distinct financial vehicles […]
Tech giants are the most crowded they have been in decades, but not all fund managers are piling in with the rest of the market, according to Goldman Sachs. Hedge funds have boosted their bets on the FAAMG group – Facebook,Amazon,Apple,Microsoft, and Google-parent Alphabet– while mutual funds are underweight on […]
Franklin Templeton fund manager Michael Hasenstab has been betting on rising Treasury yields since 2017. In that same time period, Treasury yields have fallen to their lowest levels ever. After being on the wrong side of the trade for years, Hasenstab has finally thrown in the towel and exited the […]