Overall, 50 actively-managed U.S. equity funds have more than 5% of their assets in the company, exceeding the barrier that many portfolio managers will not cross for one equity position to diversify their exposure.
A round-up of the biggest articles from newspapers.
Euro zone business activity contracted less than initially thought at the end of last year, according to a survey that suggested the bloc’s recession may not be as deep as expected. SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.09% to 916.77 tonnes on Wednesday.
Economic data also released on Wednesday revealed that U.S. job openings fell less than expected in November, though a survey from the Institute for Supply Management (ISM) showed that U.S. manufacturing activity contracted again in December.
The bounceback followed two days of steep declines to start off 2023 as investors worry about a potential global recession and the short-term economic signs in the world#39;s two biggest oil consumers, the United States and China, appear shaky.
The Caixin/SP Global services purchasing managers#39; index (PMI) rose to 48.0 in December from 46.7 in November, but remained below the 50-point mark, which indicates contraction in activity, for a fourth straight month.
Friedberg gave details about FTX in a Nov. 22 meeting with two dozen investigators, the person said.
Especially, midcap schemes are more likely to add these stocks in their portfolio to adhere to the regulator’s mandate of holding at least 65% of the assets in the midcap universe
Sun TV Network is expected to be giving a breakdown of a wedge like pattern on the daily timeframe after seven months with decent volumes and the supertrend indicator is also indicating a downwards move which can be used as a confluence towards the bearish view.
“Visa processing is recovering faster than projected and over the coming year, we expect to reach pre-pandemic processing levels,” State Department spokesperson Ned Price told reporters at his daily news conference.