BlackRock becomes first to operate wholly owned China mutual fund biz
BlackRock Inc (BLK.N) has become the first global asset manager licensed to start a wholly owned onshore mutual fund business in China, as the government opens up the country’s $3.5 trillion mutual fund industry.
Nikkei to reach 30-year high on economic reopenings
Japanese shares are expected to recover and reach a 30-year peak by the end of year as an acceleration of vaccinations after initial delays helps the economy to reopen, according to respondents in a Reuters poll.
Slide in cryptocurrencies, other high-fliers, comes amid looming U.S. inflation worries
A selloff in cryptocurrencies, high-growth stocks and other high-flying assets may be signalling a more cautious outlook among market participants after a stretch of rampant exuberance, investors and analysts said.
Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recovery
While some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector.
