The collapse in the value of cryptocurrencies is undermining the confidence that had been placed in this asset class by many investors. Bitcoin has fallen below the $20,000 mark and the largest altcoin circulating on the market, Ethereum, looks like it could fall below the $1,000 mark.
Cryptocurrencies as speculative assets
At the moment, cryptocurrencies behave not as stores of value (some have argued this), but as highly speculative assets. It is therefore not all that surprising to read in a report by the consulting firm PwC (and also reported on FONDS Professionell) that hedge funds, on the contrary, are continuing to bet on cryptoassets. Hedge funds, in fact, are types of speculative funds, characterised by different regulation (allowing for riskier investments) than other funds and excluding the participation of small savers/investors.
Hedge funds and crypto-assets
The document is entitled 'Global Crypto Hedge Fund Report 2022' and in addition to PwC, the Alternative ...
The crisis the markets are going through is caused by the intertwining of several factors. Nordea Senior Macro Strategist Sébastien Galy spoke of a flexible strategy and specific products to cope with the situation. His analysis was also reported by "investrend.ch" magazine.
Uncertainty, inflation and interest rates
The European economy is facing many difficulties. The first one is of course the Russian war in Ukraine, which generates uncertainty, but is also reflected in rising commodity and energy prices. Then there is the problem of supply chains, which have been put in difficulty by China's pandemic policies (and Beijing is still burdened by the unresolved problem of the property market crisis).
All this aggravates the problem of inflation, against which even the major European central banks (European Central Bank, Swiss National Bank and Bank of England) have taken action, through a policy of raising interest rates.
Betting on moderate growth and a selecti ...
Morningstar's report on European long-term investment funds shows a rather disappointing result in May. Let's take a closer look at some of the data and considerations in Valerio Baselli's article.
European bond funds at a loss
In May, the net outflow of long-term bond funds reached EUR 16.5 billion. To find a similarly negative result one has to go back to March 2020, when the pandemic broke out. In particular, as Baselli writes, the most notable outflows were recorded by renminbi funds exposed to Chinese bonds, and products investing in sterling government bonds and short-term euro bonds. In contrast, government funds linked to US dollar and euro fixed income recorded positive results.
Some results from other asset classes
The contraction in fixed income investments, marking the fifth consecutive month in May, was only partly offset by the inflow of EUR 2.9 billion into equity funds and a more modest inflow into balanced funds. Commodity-related funds also contracted. ...
Although European Union Allowance (EUA) futures fell 3.4% on 22nd June 2022, alongside a bloodbath in most cyclical assets, there were reasons for the market to celebrate as the European Parliament finally agreed on a set of reforms that is instrumental for delivering on its climate promises.
At WisdomTree, we believe that one of the biggest megatrends over the coming decades could be biotechnology. Part of this relates to human health, we have already seen how innovations within messenger ribonucleic acid (mRNA) have provided incredibly novel vaccine applications with respect to Covid-19.
Agricultural commodity prices have been buoyed higher by rising grain and oilseed prices. At a time, when global equities have sold off by nearly 13.88% amidst soaring inflation and tightening liquidity conditions, agricultural commodities are up 26.8%.
FOR IMMEDIATE RELEASE OVERLAND PARK, KS - July 1, 2022 - Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of June 30, 2022, the company's unaudited total assets were approximately $576.8 million and its unaudited ne ...
FOR IMMEDIATE RELEASE OVERLAND PARK, KS - July 1, 2022 - Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of June 30, 2022, the company's unaudited total assets were approximately $576.8 million and its unaudited ne ...
FOR IMMEDIATE RELEASE OVERLAND PARK, KS - July 1, 2022 - Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP and TPZ. Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of June 30, 2022, the company's unaudited total assets were approximately $576.8 million and its unaudited ne ...
