New Zealand’s Financial Markets Authority (FMA) is cracking the whip on fund managers who advertise “phenomenal” returns. In a note issued on Wednesday (April 21) the markets watchdog has warned managers advertising large investment returns for the 12-month period to March 31, 2021 could “mislead investors”. The period includes none of the severe February and March 2020 COVID-19 sell-off in the market, but all
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Mutual Funds (MFs) offer investors a great way to diversify their holdings instantly. They are investment strategies that allow you to pool your money together with other investors to purchase a collection of stocks, bonds, or other securities that might be difficult to recreate on your own. Last year, major mutual funds in Nigeria recorded double-figure growth. As of 31st December 2020,
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Shares of online-video streaming giant Netflix Inc. closed Tuesday’s trading at $549.57, down $4.87 or 0.88%, on the Nasdaq. The stock further dropped $56.28 or 10.24%, in the after-hours trading after the California-based company’s first-quarter subscriber additions fell short of Wall Street expectations. Netflix added 3.98 million subscribers globally in the quarter, far below its forecast of 6.00 million, to end the
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Oil prices climbed on Tuesday (April 20) reaching $68 a barrel- hitting highest in a month- amid lower output from Libya. The North African country’s National Oil Corporation (NOC) halted exports from Marsa el-Hariga terminal. The force majeure on crude exports was declared on Monday (April 19) due to a budget dispute with the Central Bank of Libya (CBL), according to the
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World gold ETFs lost 107.5 t (-US$5.9 billion, -2.9% assets under management [AUM]) in March, marking outflows for the fourth month out of five, according to data from the World Gold Council. This was also the second month in a row in which net outflows ranked the top 10 worst outflows historically. Global AUM stand at 3574 t (US$194.5 billion), back to levels
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Overseas investors were net sellers of Asian stocks for third consecutive month in March, as a spike in U.S. bond yields and a stronger greenback prompted outflows from the region. Foreigners sold a net combined total of $3.18 billion in South Korean, Taiwanese, Philippine, Thai, Vietnamese, Indonesian, and Indian equities last month, data from the local bourses showed. Asian stocks looked lucrative
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The nation responsible for producing an amount of food that serves 800 million people worldwide, Brazil could be the world’s top grain exporter in five years, outstripping the United States, according to a survey conducted by Embrapa, the Brazilian Agricultural Research Corporation. The Latin American country’s share in the global food market rose from $20.6 billion to $100 billion in just ten years, data from Embrapa
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