1133 days ago
The world's largest sovereign wealth funds:
Figures are in billion U.S. dollars. Source: Statista.com
1133 days ago
Bitcoin fund Grayscale sees a selloff
The $32 billion Grayscale Bitcoin Trust has plunged 20% this week, outpacing a 13% decline in the world’s largest cryptocurrency. GBTC’s once-massive premium to its underlying holdings has evaporated as a result, with the price of GBTC closing 0.7% below its underlying holdings on Wednesday -- the first discount since March 2017. Source: Bloomberg.
1133 days ago
Norwegian sovereign wealth fund swaps Saudi for Qatari stocks:
The fund's exposure to the Middle Eastern shares has changed drastically in a swap between the two gasoline titans. Looking at the number of shares in 2015 the fund had 80M shares of Qatari stocks versus 390M Saudi ones. Today, we see 582M Qatari stocks versus 194M Saudi. This is a large dip considering 1B Saudi shares owned in 2018. Source: Bloomberg
1133 days ago
Stocks take a punch on rising yields and Goldman's breaking point:
As 10-year Treasury yields added as much as 10 basis points, their total increase for February reached 40 points. That’s more than the 36-point threshold that Goldman Sachs Group Inc. strategists warned could cause trouble for stocks. Bonds tumbled in early afternoon amid a sudden wave of selling after demand cratered at the Treasury’s 7-year note auction. Equities reacted with a net of 1,739 stocks on a down tick at one point, the second-biggest selling bout this year. Highly-valued shares such as Tesla Inc. led the retreat, while the Nasdaq 100 plunged as much as 3.7%. Source: Bloomberg
