Kotak Small Cap Fund acquired a 2.08% stake in Medplus Health Services, which saw significant buying activity from various funds, including Franklin Templeton and Invesco, all at Rs 700 per share. Meanwhile, Meru Investment Fund exited stakes in Divyadhan Recycling and Subam Papers, selling shares at Rs 77.46 and Rs 128.43, respectively.
UBS has launched uMINT, its first tokenized money market investment fund on the Ethereum blockchain, providing investors with access to secure money market instruments. This initiative reflects a growing demand for tokenized assets, positioning UBS alongside industry leaders like BlackRock and Franklin Templeton in transforming traditional finance. By leveraging blockchain technology, UBS aims to enhance liquidity and transparency in investment management, paving the way for broader adoption of decentralized finance solutions.
UBS has launched the USD Money Market Investment Fund Token (uMINT) on Ethereum, marking a significant step in its tokenization strategy. This initiative aims to merge traditional finance with blockchain technology, providing qualified investors with a digital-first money market fund.The launch follows strong earnings in Asia, where UBS Global Wealth Management's assets under management reached $678 billion in Q3 2024, reflecting a robust recovery. The bank's global AUM rose 18% year-on-year to $4.3 trillion, despite facing integration-related losses.
UBS Asset Management has launched its first tokenized investment fund, the UBS USD Money Market Investment Fund Token (uMINT), on the Ethereum platform. This initiative is part of UBS Tokenize, aimed at expanding tokenization services for various financial assets. The move reflects increasing investor interest in tokenized assets, with UBS leveraging its global capabilities to innovate in fund issuance and distribution.
UBS has launched its first Ethereum tokenized fund, following similar initiatives by BlackRock and Franklin Templeton. The fund, named uMINT, will primarily invest in government bonds, although specific details about its composition remain undisclosed. This move highlights the growing interest in tokenized financial assets, particularly in jurisdictions like Singapore that offer a clear legal framework for such transactions.
UBS has launched uMINT, a tokenized USD Money Market Investment Fund on the Ethereum blockchain, aimed at providing access to high-quality money market instruments within a conservative, risk-managed framework. The move reflects a growing investor interest in tokenized financial assets, with Ethereum leading in real-world asset tokenization, currently hosting over $3 billion in tokenized assets.
UBS Asset Management has launched the "UBS USD Money Market Investment Fund Token" (uMINT), the first tokenized investment vehicle on Ethereum, aimed at authorized partners in Singapore. This fund allows investors to access institutional-level money market assets through digital tokens, enhancing the management of traditional financial instruments. UBS is responding to the growing demand for tokenization by leveraging its global resources and regulatory partnerships, as seen in the increasing interest from the crypto investor class.
UBS has launched its first tokenized money market fund, uMINT, on the Ethereum blockchain, catering to rising investor demand for tokenized assets. Available exclusively through authorized partners, this fund combines blockchain efficiencies with UBS's investment standards, aiming to modernize fund distribution and issuance. The initiative aligns with UBS's broader strategy to integrate digital finance and distributed ledger technology across its operations.
Generating alpha in investments is becoming increasingly challenging, necessitating patience and thorough research from investors. The mutual fund sector is witnessing a rise in interest, particularly in ESG investing, while the overall share of mutual funds in financial savings has grown significantly. Despite market volatility and credit risks, mutual funds remain a viable option for achieving financial goals with relatively lower risk.
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