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State Street Global Advisors and Apollo Global Management have proposed a groundbreaking ETF that would invest in both public and private credit, pending SEC approval. While this move aims to democratize access to private markets, concerns about valuation, liquidity, and potential self-dealing remain, as the ETF would rely heavily on Apollo for asset pricing and liquidity. The initiative reflects a growing trend to merge private and public investments, despite skepticism regarding the implications for long-term investment strategies.
GMO advocates for a permanent allocation to emerging-market debt (EMD), citing that credit spreads for risky assets generally compensate for credit losses. Despite recent challenges, including pandemic-related defaults and interest rate hikes, the firm believes valuations now warrant medium-term investments, particularly in hard and local-currency debt. GMO emphasizes the potential for alpha generation in EMD, questioning the choice of passive ETFs that often underperform benchmarks.
Valiant Capital has made significant gains this month, with an increase of nearly 20 percent for the year. The firm is gaining attention as a new name in the investment landscape, particularly highlighted by Chris Hansen's top stock picks.
The telemedicine market is experiencing significant growth, projected to reach $451.4 billion by 2032, up from $84.3 billion in 2022, with a CAGR of 18.3%. This surge is driven by the demand for remote healthcare solutions, particularly post-COVID-19, enhancing patient access to medical care through virtual consultations. Key trends include improved video conferencing technology, increased use of wearable devices, and the expansion of telemedicine services across various medical specialties.
Three Mile Island, site of the 1979 nuclear accident, is set to reopen its Unit 1 reactor, with Microsoft purchasing its entire output for the next 20 years to power data centers. This deal highlights a potential nuclear resurgence amid rising energy demands and new federal tax incentives. The plant, rebranded as the Crane Clean Energy Center, could be operational by 2028, marking a significant shift in the nuclear landscape as tech giants seek reliable energy sources.
Most wealthy investors are contemplating portfolio adjustments ahead of the November 5 U.S. presidential election, with 77% considering new allocations. The economy is viewed as the top election issue by 84% of investors, who are nearly split on which candidate—Donald Trump or Kamala Harris—would manage it better. Potential beneficiaries of Harris's policies include healthcare and sustainable investing sectors, while Trump's presidency could favor defense and energy industries.
09:00 26.09.2024
The Swiss National Bank (SNB) has cut its benchmark interest rate by 25 basis points to 1.00 percent, signaling a likely further reduction in December and March due to low inflation and economic weakness. Analysts anticipate continued upward pressure on the Swiss franc, suggesting potential foreign exchange interventions to stabilize the currency. The SNB's revised inflation forecasts indicate a significant decrease in price pressures, reinforcing the need for a cautious monetary policy approach.
09:00 26.09.2024
Hedge funds have largely missed out on the impressive gains of Vistra Corp., which has surged 192% this year, surpassing Nvidia's 144% increase. While Nvidia is widely held among hedge funds, Vistra remains less popular, though notable investors like Stephen Mandel Jr.'s Lone Pine Capital and Dan Loeb's Third Point have significant stakes. Some firms, such as Oaktree Capital Management, sold their positions in Vistra last year, missing the stock's remarkable rise in 2024.
Silver prices are nearing a 14-year high, approaching the significant $32.50 mark, driven by expectations of monetary policy easing in China and interest rate shifts in the U.S. Investors are closely watching upcoming speeches from Fed Chairman Jerome Powell and new U.S. economic data for potential market impacts. The recent stimulus measures from the People's Bank of China are also contributing to the bullish sentiment among silver investors.
IG
17:35 25.09.2024
The Federal Reserve's recent 50-basis point rate cut has sparked optimism in equity markets, with the S&P 500 reaching a record high and a year-to-date gain of 20.2%. This easing cycle is expected to support oil prices, projected to rise to around USD 87 a barrel by year-end, while gold has surged nearly 29% this year, potentially reaching USD 2,700 by mid-2025. However, the US dollar faces pressure as the Fed's cuts diminish its yield advantage, prompting investors to seek alternatives and diversify internationally.
09:00 25.09.2024
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