As the world economy slowly begins to recover from the Covid-19 crisis, the tremendous impact on the oil industry will see continued struggles with oversupply and permanent damage, meaning a quick recovery is unlikely.
This most recent drop in prices marks the end of the oil market’s supercycle that began in the early 2000s. For countries reliant on oil sales, this latest price collapse has created further political instability.
In tandem with the COVID-19 global pandemic there’s been a recent, significant uptick in discussion about the launch of a ‘digital dollar.’ To be fair, given the far more accute priorities currently pressing national governments and a significant portion of the scientific community, it’s likely the idea won’t become a reality anytime soon.
Still, there have been some new, additional moves toward adapting the way the global reserve currency might be transferred to U.S. taxpayers and other constituents.
In March, U.S. Senator Sherrod Brown (D-OH) introduced a bill called the ‘Banking For All Act‘ that has been referred to the Senate’s Committee on Banking, Housing and Urban Affairs. It would require member banks, meaning national or state banks, or bank or trust companies that are members of one of the Federal Reserve banks, to maintain digital wallets, held by the Fed, for interested individuals and organizations that would be used to directly receive government payments. This would allow consumers to set up “FedAccounts” at their local banks.
As oil prices plummeted in April, U.S. Oil Fund (USO) exchange-traded fund took it on the chin. And short-selling activity soared. The $3.2 billion futures-based ETF saw shorting activity pick up after a lull in early April. USO ETF is down 83% for the year so far, through Friday [May 1st].
Exchange-traded funds focused on non-investment-grade bonds rallied in April after the Federal Reserve signaled interest in buying ETFs exposed to the sector to support the markets. Investment-grade bond funds benefited, too.
The first two months of 2020 saw a record number of exchange-traded funds close—a reflection of the flurry of new ETFs that have tried to attract investors in recent years, many of them unsuccessfully.
Japan doesn’t get nearly the attention from global investors that it did in the glory years for its stock market. But exchange-traded funds that track the Tokyo Stock Price Index (Topix) have attracted heavy buying during the past three years.
High conviction investment ideas rule at Valley Forge Capital Management, a Wayne, Pennsylvania-based equity hedge fund manager with around $450 million in assets. Here, founder Dev Kantesaria explains the firm’s ‘different’ approach to value investing and why there’s no place for ‘speculative securities’ and ‘ineffective financial engineering’ in the investment playbook…
Mark Yusko, the Founder, CEO and Chief Investment Officer of Morgan Creek Capital Management, a hedge fund with more than USD 1 billion in assets under management, is a true a bitcoin believer.
In this interview with Cryptonews.com, Yusko talks about the opportunities he sees in the blockchain technology, the future of cryptocurrency, and the bitcoin-based exchange traded fund (ETF) approval saga.
After months of poor performance, managers of frontier market funds are looking to countries such as Pakistan to deliver returns to investors. Tanzeel Akhtarreports.
Frontier markets faced a challenging year in 2015, with most indices posting negative returns. The MSCI Frontier Markets index, one of the most widely followed, fell more than 14%.
However, managers of frontier market funds are not losing hope. According to Hedi Ben Mlouka, who runs the Duet EM Frontier Fund with Matthew Vogel, markets such as Vietnam and Pakistan offer good investment opportunities.
Marketing Week: How ethical innovations boost brand perceptions
Brands that take an ethical stance not only in their business but also their innovations will drive brand value and attract conscientious consumers, who are increasingly taking an interest in brands’ ethical positioning ahead of price, quality and overall reputation.
Tanzeel Akhtar trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK.
NCTJ Qualified - Media Law, Public Administration and Shorthand 100wpm.
Contributed to The Wall Street Journal, BBC, Bloomberg, Investing.com, Benzinga, The Street, Kitco News, Financial Times' This is Africa, African Business Magazine, CNBC, Hedge Week, Campden Family Office, Citywire, Modern Investor, Spear's Wealth Management Magazine, The Local, Euromoney, Yahoo! Finance, Global Investor, ETF.com, CIO UK, Forbes, Funds Global Asia and Portfolio Institutional.
She has held full-time positions at Interactive Investor, Fund Strategy, Money Marketing, Money Observer, Mining Journal, Marketing Week, Futures and Options Intelligence and Waters Technology. Interned at The Independent, South Wales Argus and Lancashire Evening Post.
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