JUST FOR FUN
Trading desks benefited from heightened stock trading around Iran War-related volatility, while mega deals fuled investment banking units.
Consumer prices jumped 3.5% in June. That’s higher than the Fed’s preferred 2% inflation rate, but lower than the 4.2% May rate.
Morningstar’s Kenneth Lamont said thematic ETFs “appeal to investors’ worst instincts.”
For TXSE to carve out a meaningful niche, it will need to win exclusive listings rather than simply host securities already trading elsewhere.
Many advisors have been reluctant to move legacy portfolios into standardized models because doing so risks significant capital gains taxes.
This month Bloomberg reported that De Beers cut its prices to bring them much closer to the market rate, abandoning its premium position.
