There’s a new king of actively managed ETF. The JPMorgan Ultra-Short Income ETF (JPST) surpassed the long-reigning Pimco Enhanced Short Maturity Active ETF (MINT) as the largest active fund in the $4.9 trillion market. JPST has surged to $13.94 billion in assets after launching in May 2017, overtaking the $13.88 billion MINT, which debuted in […]
Archives for September 2020
Mobile gaming firm Skillz to go public through merger with blank-check company
Mobile gaming firm Skillz Inc will float its shares on the New York Stock Exchange through a merger with Flying Eagle Acquisition Corp, a blank-check company founded by Hollywood executives Harry Sloan and Jeff Sagansky. The transaction will value Skillz at around $3.6 billion, according to Skillz.Wellington Management, Fidelity Investments, Franklin Templeton Investments and Neuberger […]
Mobile gaming firm Skillz to go public through merger with blank-check company
Mobile gaming firm Skillz Inc will float its shares on the New York Stock Exchange through a merger with Flying Eagle Acquisition Corp, a blank-check company founded by Hollywood executives Harry Sloan and Jeff Sagansky. The transaction will value Skillz at around $3.6 billion, according to Skillz.Wellington Management, Fidelity Investments, Franklin Templeton Investments and Neuberger […]
India’s ban on Chinese Apps not beneficial to anyone, says China
In Washington on Monday, China’s new export measures were widely seen as a potential poison pill for the TikTok deal. Beijing: China on Thursday said India’s decision to ban 118 Chinese APPs is not beneficial to the Indian users nor to China’s businesses and claimed it violated WTO rules. India on Wednesday banned 118 more […]
India’s ban on Chinese Apps not beneficial to anyone, says China
In Washington on Monday, China’s new export measures were widely seen as a potential poison pill for the TikTok deal. Beijing: China on Thursday said India’s decision to ban 118 Chinese APPs is not beneficial to the Indian users nor to China’s businesses and claimed it violated WTO rules. India on Wednesday banned 118 more […]
SoftBank is said to consider bid for TikTok in India
By Pavel Alpeyev, Giles Turner and Sarah McBride SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has […]
SoftBank is said to consider bid for TikTok in India
By Pavel Alpeyev, Giles Turner and Sarah McBride SoftBank Group Corp. is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to people familiar with the matter. Over the past month, the Japanese conglomerate, which owns a stake in TikTok’s Chinese parent ByteDance Ltd., has […]
LEBC chief executive McVitie dies after short illness
Chartered Financial Planner Jack McVitie, the founder and chief executive of retirement advisory firm LEBC, has died after a short illness. The company said today that Mr McVitie will be “profoundly missed by his colleagues, his clients and his many friends in the industry.” Mr McVitie built the company up to become one of the […]
Robinhood faces SEC probe related to deals with high-speed traders: Report
Robinhood faces a probe by the U.S. Securities and Exchange Commission over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders, the Wall Street Journal reported on Wednesday. The investigation is at an advanced stage and the company could pay a fine exceeding $10 million, the report added, citing […]
Robinhood faces SEC probe related to deals with high-speed traders: Report
Robinhood faces a probe by the U.S. Securities and Exchange Commission over its early failure to fully disclose its practice of selling clients’ orders to high-speed traders, the Wall Street Journal reported on Wednesday. The investigation is at an advanced stage and the company could pay a fine exceeding $10 million, the report added, citing […]