 | | | | Investors piling into tech and financial stocks helped equity funds attract $46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA's weekly fund flow data showed on Friday. | | | | | | Brazil's shake up of state-run oil firm Petrobras has caused shockwaves at home but may also prompt some bond investors to rethink their $1 trillion-plus exposure to other government-controlled companies across emerging markets. | | | | | | Some hedge fund managers are getting concerned about the money that has flooded into high-flying stocks like Tesla and the popular ARK fund as bond yields spike and growth stocks take a hit. | | | | | | U.S.-based stock funds in the week ended Wednesday posted inflows of $14.4 billion, according to Lipper. | | | | | | Activist investment firm Legion Partners Asset Management on Thursday nominated four directors to OneSpan's board after having publicly pushed the cybersecurity firm to improve its stock performance and sell assets. | | | | | | Italy's Stevanato Group, manufacturer of glass vials for COVID-19 vaccines and other healthcare products, is making plans for an initial public offering this year that could value the company at between $4 billion-$5 billion, three sources with knowledge of the situation told Reuters. | | | | | | St. James's Place expects funds under management to surge more than 50% to top 200 billion pounds ($283 billion) by the end of 2025 as low savings rates and an ageing population boost demand for the British wealth manager's services. | | | | | | Traveloka, Southeast Asia's largest online travel startup, plans to launch financial services in Thailand and Vietnam as it eyes a U.S. listing through a blank-cheque company, its president said. | | | | | | GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after a fierce rally and steep dive that upended Wall Street in January. | | | | | | Lloyds Banking Group's outgoing Chief Executive António Horta-Osório set out fresh targets to expand the lender's insurance and wealth business and further cut costs, as the bank resumed a dividend despite a sharp fall in profits for 2020. | | | | | |
