Tag: asset
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Mirae Asset’s two US funds good but high-risk bets
Investors with a high risk appetite looking to make an international allocation to technology and consumer theme could consider taking some exposure to the new fund offers (NFOs) from Mirae Asset for two passive schemes.Financial planners, however, believe those investors who already own the popular Nasdaq 100 funds or ETFs from other fund houses could…
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SoftBank piles $3.9 billion into surging market giants including Tesla, Netflix, and Amazon
Reuters SoftBank’s new asset management unit totaled roughly $3.9 billion into some of the planet’s hottest technology stocks, based on an SEC submitting released Monday. The Japanese conglomerate opened a $1.04 billion stake in Amazon, a $475 million position in Alphabet, along with also a $189 million stake at Netflix, one of other marketplace favorites.…
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‘The punch bowl has been aggressively spiked’: $1 billion asset manager sounds the alarm after Tesla’s 300% stock rally
REUTERS/Mike Blake Tesla’s stock soaring 300 shows markets are awakened, VGI Partners states. “When a market cap of that size can go hyperbolic in a short period of time for no real reason, it is certainly symptomatic of an environment that is not normal.” However, the asset manager hasn’t shorted Tesla stock due to its…