The financial impact of the Wuhan coronavirus on corporate America’s balance sheets has tripled the premium investors are demanding to hold even the highest-rated corporate bonds. According to the ICE/BofA investment grade index, the difference between the average yield of… Read More ›
exchange traded funds
BlackRock quarterly profit beats average analysts’ estimate
While BlackRock posted a net income of $6.61 per share, in the three months ended March 31, analysts had expected a profit of $6.13 per share, according to IBES data from Refinitiv. On Tuesday, BlackRock Inc quaterly profit beat analysts’… Read More ›
Corporate breakups could act as catalyst to changes in Dow index
Two components of the Dow Index, DowDuPont Inc and United Technologies Corp are breaking up into smaller companies providing an opportunity to add fresh blood into the index. Although the composition for the Dow Jones Industrial Average has largely been… Read More ›
S&P Dow Jones and MSCI to update classification system to include tech giants Alphabet, FB, Netflix and others
The update in the classification system is likely to impact investors who track index and ETFs. The MSCI and the S&P Dow Jones Indices have stated that they would overhaul their Telecommunication Services Sector and add Alphabet, Comcast Corp, Facebook… Read More ›
Thomson Reuters Lipper data shows $4.1 billion pulled from taxable mutual bond funds in the U.S.
The data captures market sentiments from across a broad spectrum of industries and political happenings and provide an insight into investor sentiments. As per last week’s Lipper data, investors have pulled $4.1 billion from U.S.-based taxable-bond mutual funds. The bond… Read More ›