primeimages This week’s biggest financial gainers were led by one bitcoin (BTC-USD) miner, two South Korean banks, one U.S. lender and one Japanese lender. On the other hand, two Argentine banks fell the most, followed by two reinsurers and one investment brokerage. Overall, financial stocks (with market cap over $2B)Continue Reading
ijeab/iStock via Getty Images IGM Financial (OTCPK:IGIFF) (TSX:IGM:CA) said on Friday that the Canadian asset manager’s outflows increased in June on the back of the country’s recent tax policy changes. “IGM Financial experienced heightened investment fund gross sales, redemptions and heightened positive other net flows due to clients strategically triggeringContinue Reading
Nastassia Samal The world’s largest exchange-traded fund by AUM, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), witnessed a net inflow of $16.7B in the final week of June. 3 out of 4 weeks in June saw an outflow. Overall, the SPY fund (SPY) wrapped up an outflow of $9.6B forContinue Reading
JHVEPhoto/iStock Editorial via Getty Images Private equity firm Carlyle (CG) and KKR (KKR) won an auction for Discover Financial’s (NYSE:DFS) $10 billion student loan book. The joint bid from the PE firms beat out a competing offer from Sixth Street, BlackRock (BLK) and the Canada Pension Plan Investment Board, withContinue Reading
pichet_w As concerns about weakness in the semiconductor sector grow, hedge funds have continued to sell chip stocks and tech overall for most of the last month. Goldman’s Prime brokerage said Info Tech (NYSEARCA:XLK) was the most net sold sector last week, driven by short and long sales. Info TechContinue Reading
loveguli This week’s winners among financial stocks were led by two insurers, one credit-card issuer, one Indian bank and one Brazilian digital bank. On the flip side, two crypto-linked companies, one fintech-focused lender and two Argentine lenders fell the most. In all, financial stocks (with market cap over $2B) finishedContinue Reading
