Wednesday 19 May 2021

Reuters Global Investor: No pain, no gain for big funds hunting the next Tesla

No pain, no gain for big funds hunting the next Tesla

Place your bets! The race to find the next Tesla (TSLA.O) is on but the search is turning up plenty of clunkers as well as potential superstars.

Julius Baer confirms targets as AuM grow 8% through April

Julius Baer (BAER.S) said it was on track to deliver on financial targets as the Swiss wealth manager posted an 8% rise in assets under management for the first four months of 2021 to 470 billion Swiss francs ($523.9 billion).

Run Your Race: Money wisdom from Vanguard's Jack Brennan

When it comes to financial advice, you could do worse than listen to someone who helped steer more money than almost anyone else on the planet.

Toronto-Dominion Bank reaches $41.5 mln settlement in U.S. excessive fees lawsuit

Toronto-Dominion Bank (TD.TO) agreed to pay $41.5 million (C$49.93 million) to settle a U.S. class action lawsuit for charging excess insufficient funds fees on customer accounts, court documents showed.

Households including most U.S. children to get monthly stimulus payment

A poverty-fighting measure included in the COVID-19 relief bill passed this year will deliver monthly payments to households including 88% of children in the United States, starting in July, Biden administration officials said on Monday.

Inflation sparks buy UK stocks, sell tech shares trades - BofA survey

Fund managers turned overweight on UK stocks for the first time in seven years and cut exposure to tech stocks as rising inflation leaves growth stocks vulnerable to pullbacks, Bank of America's May fund manager survey showed on Tuesday.

Siemens Energy says it has no plans for full Siemens Gamesa takeover

Siemens Energy (ENR1n.DE) said on Tuesday it has no current plans to buy the one third of wind turbine maker Siemens Gamesa (SGREN.MC) it does not already own, denying a Spanish newspaper report it had engaged banks to help it make such a move.

Advisory firm Glass Lewis backs two dissident nominees in Exxon battle

Advisory firm Glass Lewis recommended on Monday that Exxon Mobil (XOM.N) shareholders elect two of hedge fund Engine No. 1's four board nominees in a proxy contest at the largest U.S. oil producer.

EXCLUSIVE Personal finance startup NerdWallet files for U.S. IPO -sources

NerdWallet Inc, the owner of the eponymous consumer financial advice website, has confidentially submitted paperwork to U.S. regulators for an initial public offering (IPO), people familiar with the matter said on Friday.

U.S. investors looking for protection as inflation pressures bubble, stocks volatile

U.S. investors grappling with the latest stock volatility and evidence of inflation say they have been positioning themselves for more unexpected kinks in the road to recovery.

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