Fixed asset – Angil http://angil.org/ Tue, 21 Sep 2021 21:06:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://angil.org/wp-content/uploads/2021/06/icon-2021-06-29T195041.460-150x150.png Fixed asset – Angil http://angil.org/ 32 32 Bet on BKLN as leveraged loan issuance soars https://angil.org/bet-on-bkln-as-leveraged-loan-issuance-soars/ https://angil.org/bet-on-bkln-as-leveraged-loan-issuance-soars/#respond Tue, 21 Sep 2021 21:06:59 +0000 https://angil.org/bet-on-bkln-as-leveraged-loan-issuance-soars/ The Invesco Senior Loan ETF (NYSEArca: BKLN) is nearly 2% higher year-to-date, and income investors are flocking to the original leveraged loan exchange-traded fund – signs that the search for income and returns is driving the market players beyond basic bond assets. BKLN, which tracks the S & P / LSTA US Leveraged Loan 100 […]]]>

The Invesco Senior Loan ETF (NYSEArca: BKLN) is nearly 2% higher year-to-date, and income investors are flocking to the original leveraged loan exchange-traded fund – signs that the search for income and returns is driving the market players beyond basic bond assets.

BKLN, which tracks the S & P / LSTA US Leveraged Loan 100 Index and returns 3.24%, is showing steady amid a wave of new bank loan issuance and as investors seek fixed income assets that can be useful for fighting inflation. Due to the fixed rate component found with BKLN components, the ETF can potentially be a better fighter against inflation than a traditional high yield corporate bond fund.

“The rally in junk debt marks a sign of fading investor concerns over the recent surge in inflation, which is eroding the purchasing power of fixed bond payments and may lead the Federal Reserve to raise interest rates “, reports Sebastian Pellejero for The Wall Street Journal.

Bank loan issuance typically increases as corporate profits do the same, indicating that companies have confidence in their own prospects and that of the economy in general. While economic growth is expected to slow in the third and fourth quarters from the breakneck pace set in the first half, economists see the world’s largest economy registering annual GDP growth of around 6% this year.

“Analysts and investors expect bond and loan sales to hit annual records. With low rates, companies are taking advantage of investor demand to refinance higher-cost debt, lowering their interest charges and pushing back repayments, ”according to the Newspaper.

BKLN components are often referred to as senior loans because the debt is higher in the corporate hierarchy than standard junk bonds, meaning senior loan holders have priority in the event of default or bankruptcy. As such, holdings of BKLN generally have lower yields than standard junk bonds, and credit risk is generally lower with this asset class. 91% of BKLN’s 144 holdings are rated BBB, BB or B.

Almost all of BKLN’s holdings have maturities of one to five or five to 10 years. In addition, leveraged loans dominate US government debt and investment grade corporate bonds, further enhancing the attractiveness of BKLN.

“Leverage loans, whose interest rates rise and fall with their benchmark, returned 4.2%. The two beat the total return by 0.05% for quality corporate bonds and minus 1.4% for Treasuries, ”according to the Newspaper.

For more news, information and strategies visit the ETF Education channel.

The opinions and forecasts expressed herein are solely those of Tom Lydon and may not come to fruition. The information on this site should not be used or interpreted as an offer to sell, a solicitation of an offer to buy or a recommendation for any product.


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CrossingBridge Advisors Launches Pre-Merger SPAC ETF for Investors as a Fixed Income Alternative https://angil.org/crossingbridge-advisors-launches-pre-merger-spac-etf-for-investors-as-a-fixed-income-alternative/ https://angil.org/crossingbridge-advisors-launches-pre-merger-spac-etf-for-investors-as-a-fixed-income-alternative/#respond Tue, 21 Sep 2021 12:00:00 +0000 https://angil.org/crossingbridge-advisors-launches-pre-merger-spac-etf-for-investors-as-a-fixed-income-alternative/ CrossingBridge Pre-Merger SPAC ETF (SPC) to focus on fully guaranteed SPACs NEW YORK, September 21, 2021 / PRNewswire / – CrossingBridge Advisors, LLC (“CrossingBridge”), an investment management firm specializing in ultra-short and short duration strategies, including Special Purpose Acquisition Companies (SPAC), announced today hui the launch of the pre-merger SPAC CrossingBridge ETF [NASDAQ: SPC]. CrossingBridge […]]]>

CrossingBridge Pre-Merger SPAC ETF (SPC) to focus on fully guaranteed SPACs

NEW YORK, September 21, 2021 / PRNewswire / – CrossingBridge Advisors, LLC (“CrossingBridge”), an investment management firm specializing in ultra-short and short duration strategies, including Special Purpose Acquisition Companies (SPAC), announced today hui the launch of the pre-merger SPAC CrossingBridge ETF [NASDAQ: SPC].

CrossingBridge Consultants, LLC

Typically, SPACs are fully backed by US government securities with a mandatory liquidation date within two years. SPC will purchase SPCs at collateral or lower value for the purpose of selling the shares before or at the time of a business combination. Therefore, CrossingBridge believes that a pre-merger SPAC portfolio will provide investors with higher returns than other fixed income products while significantly limiting downside risk.

“SPC is a tenant, not an owner,” said CrossingBridge founder and portfolio manager, David Sherman. “In other words, we aim to capture the fixed income nature of pre-merger SPACs purchased at a discount to collateral with potential for shareholder action reacting favorably to an announced transaction. not interested in being a post-company investor rally – it’s a whole different ball game. “

According to CrossingBridge, SPACs offer very similar characteristics to fixed income securities, including:

  • SPACs have a liquidation date that is equivalent to the maturity date of a bond.

  • PSPC common shareholders have a full redemption right in a business combination, similar to a change of control sale provision found in corporate debt instruments.

  • PSPCs are fully collateralized by US government securities for the benefit of common shareholders of PSPC which will be paid up on redemption or liquidation. Therefore, when an investor purchases common shares of PSPC below the value of their pro-rated trust account and holds the security until the redemption or liquidation date, the investor will receive a positive return, similar the yield of a fixed income security until maturity.

  • SPACs can gain equity by participating in an attractive business combination. This benefit is similar to a convertible bond with the added feature that SPAC investors can redeem their common stock for their collateral value rather than continuing to own it after the transaction.

PSPC is not a new asset class for Sherman; he made his first PSPC investment over 15 years ago. With the growing popularity and capital flowing into SPAC, Sherman has significantly increased the company’s exposure to SPAC in recent years. CrossingBridge believes that the market is now large and liquid enough to effectively manage dedicated PSPC strategies.

“Our guiding principle has been, and will continue to be, that return on capital is more important than return on capital,” said Sherman.

For more information on CrossingBridge, please contact André Flach at 973-769-3914 or aflach@jconnelly.com

About CrossingBridge Advisors
Led by the founder David Sherman, a veteran of high yield and opportunistic corporate lending with over 30 years of experience. CrossingBridge Advisors is an investment management firm specializing in ultra-short and short duration strategies, which includes Special Purpose Acquisition Companies (SPACs), as well as responsible corporate debt investments. Now with four funds, CrossingBridge offers a diverse range of fixed income products that can fit into a variety of income portfolios and strategies. For more information visit: www.crossingbridgefunds.com.

The investment objectives, risks, charges and expenses of the fund should be carefully considered before investing. The prospectus contains this and others information about the investment company, and can be obtained by calling 855-552-5863 or by visiting www.crossingbridgefunds.com/spac-etf. Read it carefully before investing.

Investing involves risks; The main loss is possible. The Fund invests in equity securities and SPAC warrants. Pre-consolidation SPACs have no operating history or current activity other than looking for consolidation, and the value of their securities depends particularly on the ability of the entity’s management to identify and achieve a profitable consolidation. There can be no assurance that the SPACs in which the Fund invests will effect a Combination or that any Combination carried out will be profitable. Unless and until a consolidation is completed, a SPAC typically invests its assets in US government securities, money market securities, and cash. Public shareholders of SAVS may not be able to vote on a proposed initial consolidation because some shareholders, including shareholders affiliated with the management of the SAVS, may have sufficient voting power and a financial incentive to approve such a transaction without support. public shareholders. Consequently, a SPAC can carry out a Regrouping even if the majority of its public shareholders do not support such a Regrouping. Some SAVS may search for Combinations only in certain industries or regions, which may increase their price volatility.

Stocks are generally viewed as presenting more financial risk than bonds in that bondholders have a greater claim on the operations or assets of the company than stockholders. In addition, stock prices are generally more volatile than bond prices. Investments in debt securities generally lose value when interest rates rise, and this risk is generally greater for longer-term debt securities. Bonds are often held by people interested in current income, while stocks are generally held by people seeking price appreciation, with income being a secondary concern. The tax treatment of bond and stock returns also differs due to the different tax treatment of income versus capital gain.

Duration is defined as the weighted average of the present value of cash flows and is used as a measure of the response of a bond’s price to changes in yield. The yield to maturity (YTM) is the return on the portfolio if all bonds are held to maturity; it is based on the stated due date or the official call date. A change of control A sell provision protects lenders in the event that control of the borrower changes hands due to changes in shareholding or the composition of the board of directors. The Put change of control clause is a right available to bondholders to oblige the company to immediately reimburse bondholders for the nominal amount invested.

CrossingBridge Advisors, LLC, is the advisor to the CrossingBridge Pre-Fusion SPAC ETF which is distributed by Foreside Fund Services, LLC. CrossingBridge Advisors, LLC is not affiliated with Foreside Fund Services, LLC.

Cision

Cision

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SOURCE CrossingBridge Advisors, LLC


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CFOs and Professionals Play a Critical Role in ESG https://angil.org/cfos-and-professionals-play-a-critical-role-in-esg/ https://angil.org/cfos-and-professionals-play-a-critical-role-in-esg/#respond Mon, 20 Sep 2021 23:57:48 +0000 https://angil.org/cfos-and-professionals-play-a-critical-role-in-esg/ The president of the Chartered Institute of Management Accountants (CIMA) and president of the association, Paul Ash, recently participated in a podcast with Financial Management to discuss the role of management accountants in strengthening ESG objectives. The growing focus on ESGs by investors and regulators is shifting ESG reporting from voluntary to mandatory, a shift […]]]>

The president of the Chartered Institute of Management Accountants (CIMA) and president of the association, Paul Ash, recently participated in a podcast with Financial Management to discuss the role of management accountants in strengthening ESG objectives.

The growing focus on ESGs by investors and regulators is shifting ESG reporting from voluntary to mandatory, a shift that is being observed globally, primarily in the EU. The EU proposed extending reporting on sustainability measures to all large companies as well as all companies listed on EU markets. In addition to the declaration, companies should present audit evidence on what they are reporting.

“Companies do not have the option of choosing whether these [sustainability issues] are real problems. The problems are there whether companies recognize them or not, ”said Jeffrey Hales, Ph.D., professor of accounting at the University of Texas at Austin and chairman of the Sustainability Accounting Standards Board (SASB). of this conversation because of the important role management control plays in information analysis. “

Companies that don’t work to comply with ESG practices could find themselves losing clients and investors, said Matthew Hurn, OBE, FCMA, CGMA and CFO for Disruptive Investments at Mubadala Investment Company.

ESGY invests in large growth companies practicing sustainable development

The call for companies to implement and follow ESG practices is under increasing pressure from investors.

The American Century Sustainable Growth ETF (ESGY) invests in large companies that practice sustainable development and strive to achieve measurable ESG objectives.

ESGY is an undiversified fund that invests in large cap companies with significant growth and value potential while ranking very high on ESG measures and is actively managed.

ACI’s proprietary model assigns a score to each security for financial metrics as well as a score for ESG metrics, which are then combined. The stocks with the highest overall rating are selected within each sector, creating a portfolio with strong performance and higher ESG ratings than stocks in the Russell 1000 Growth Index.

The fund is a semi-transparent ETF, which means that allocations are disclosed on a quarterly basis, not daily. In its last quarterly rebalancing, its top sectors in terms of weighting were Information Technology at 48%, Consumer Discretionary at 17%, Communications Services at 11% and Healthcare at 10%.

ESGY has a total annual operating expense of the fund of 0.39%.

For more news, information and strategies, visit the Core Strategies channel.

Learn more at ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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BTIG to host the Future of Digital Assets conference on September 22, 2021 https://angil.org/btig-to-host-the-future-of-digital-assets-conference-on-september-22-2021/ https://angil.org/btig-to-host-the-future-of-digital-assets-conference-on-september-22-2021/#respond Mon, 20 Sep 2021 12:30:00 +0000 https://angil.org/btig-to-host-the-future-of-digital-assets-conference-on-september-22-2021/ NEW YORK, September 20, 2021– (BUSINESS WIRE) –BTIG today announced that the “BTIG Future of Digital Assets Conference” will take place virtually on Wednesday, September 22, 2021. Members of the corporate management team, thought leaders and institutional investors will participate in panel discussions themes, fireside discussions and one-on-one meetings throughout the day-long event. The conference […]]]>

NEW YORK, September 20, 2021– (BUSINESS WIRE) –BTIG today announced that the “BTIG Future of Digital Assets Conference” will take place virtually on Wednesday, September 22, 2021. Members of the corporate management team, thought leaders and institutional investors will participate in panel discussions themes, fireside discussions and one-on-one meetings throughout the day-long event. The conference will be moderated by:

  • Mark Palmer, Managing Director, BTIG FinTech and Digital Asset Analyst

  • Julian Emanuel, Managing Director, Chief Equities and Derivatives Strategist at BTIG

  • Greg Lewis, CFA, Managing Director, Energy and Infrastructure Analyst at BTIG

  • Rob Fellinger, CFA, Vice President, BTIG Investment Banking

More than 80 digital asset companies will attend the company’s conference, where institutional investors will learn first-hand from leaders in the blockchain and cryptocurrency space. “We look forward to welcoming some of the industry’s most inventive and innovative digital asset-focused business management teams to connect directly with BTIG’s institutional investor client base,” said Mr. Palmer. “Digital asset companies are transforming entire ecosystems and revolutionizing the way we think about markets, currencies and payments. As these investment vehicles continue to evolve, we hope to provide valuable resources for clients to discover actionable content. “

Led by Mr Palmer, BTIG’s digital asset research team provides comprehensive coverage of a range of subsectors of the cryptocurrency industry, including blockchain technology, cryptocurrency solutions, payments digital, financial services, etc. Mr. Emanuel, who produces top-down analysis of major market trends, sectors, valuation and volatility in US equity markets and US-listed derivatives, also provides market research and commentary in time. real about cryptocurrencies. Mr. Lewis offers broad coverage of bitcoin mining and infrastructure companies critical to the digital asset lifecycle, in addition to focusing on electric vehicles, renewables and next-generation opportunities within the company. Mr. Fellinger leads BTIG’s blockchain and cryptocurrency investment banking effort, providing both advice and expertise in capital markets and mergers and acquisitions.

For more information about the conference, send an email to info@btig.com. Please note that participants must be pre-registered to attend. To access BTIG information, contact a firm representative or log on to www.btigresearch.com.

The conference is produced by BTIG’s Corporate Access program which hosts client events in the consumer, energy and infrastructure, finance, healthcare, real estate as well as technology, media and telecommunications.

About BTIG

BTIG is a global financial services company specializing in institutional trading, investment banking, research and related brokerage services. With an extensive global presence and more than 700 employees, BTIG, LLC and its subsidiaries operate in 19 cities in the United States, Europe, Asia and Australia. BTIG offers execution, expertise and knowledge for equities, equity derivatives, ETFs and fixed income securities, currencies and commodities (futures, interest rates, credit and convertible and preferred securities) . The company’s core capabilities include global execution, portfolio, electronic and outsourced trading, transition management, investment banking, blue chip brokerage, capital introduction, access to business, research and strategy, commission management and more. BTIG does and may seek to do business, including investment banking and / or other capital market activities, with companies that are the subject of the Business Access Services.

Disclaimer: https://www.btig.com/disclaimer. To learn more about BTIG, visit www.btig.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210920005186/en/

Contacts

Jill gordon
443.668.2055
jgordon@prosek.com

Amanda Gold
212.738.6134
agold@btig.com


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These are the ten best multi-sector bond funds https://angil.org/these-are-the-ten-best-multi-sector-bond-funds/ https://angil.org/these-are-the-ten-best-multi-sector-bond-funds/#respond Mon, 20 Sep 2021 01:23:32 +0000 https://angil.org/these-are-the-ten-best-multi-sector-bond-funds/ Investing in bonds is a good option for those who don’t want to take too much risk and are fine with a fixed return. These investors can further reduce their risk and increase their chances of obtaining a higher return by investing in multi-sector bond funds. These funds diversify their holdings across several fixed income […]]]>

Investing in bonds is a good option for those who don’t want to take too much risk and are fine with a fixed return. These investors can further reduce their risk and increase their chances of obtaining a higher return by investing in multi-sector bond funds. These funds diversify their holdings across several fixed income sectors, such as government bonds, foreign bonds, corporate bonds and high yield debt securities. If you are also considering investing in such securities, to help you select, below are the top ten cross-sector bond funds.

stevepb / Pixabay – Valuewalk

Letters, conferences and more on hedge funds in the second quarter of 2021

Top ten multi-sector bond funds

We used one-year data (US News) to rank the top ten multi-sector bond funds. Here are the top ten multi-sector bond funds:

  1. Yorktown Multi-Sector Bond Fund (MUTF: APIUX, 11%)

APIUX invests directly in equities or debt securities. This fund has returned over 3% over the past six months and over 2% over the past three years. APIUX has total assets of over $ 470 million and an expense ratio of 1.13. The fund’s two largest holdings are The Hartford Financial Services Group, Inc. 2.28% and Enstar Group Ltd 4.95%.

  1. Frost Credit Fund (MUTF: FCFBX, 11%)

FCFBX invests primarily in fixed income securities of US and foreign corporate issuers, such as mortgage backed securities, corporate bonds, etc. This fund has returned over 3% over the past six months and over 5% over the past three years. FCFBX has total assets of over $ 176 million and an expense ratio of 1.11. The fund’s two main holdings are Sudbury Mill CLO Ltd. 4.88% and Race Point IX CLO, Limited / Corp 2.28%.

  1. Multi-sector bond SMA port of completion (MUTF: MBSAX, 11%)

MBSAX invests primarily in the bond / debt markets. This fund has returned over 2% over the past six months and has total assets of over $ 13 million. The fund’s two main holdings are Columbia Short-Term Cash and DT AUTO OWNER TRUST 2.74%.

  1. Nationwide Amundi Strategic Income Fund (MUTF: NWXEX, 12%)

NWXEX may invest in US government securities and foreign government bonds. It may also invest in bonds and debentures of US and foreign companies. This fund has returned over 2% over the past six months and over 5% over the past three years. NWXEX has total assets of over $ 147 million and an expense ratio of 0.99. The fund’s two main holdings are Ultra 10 Year US Treasury Note Future September 21 and 5 Year Treasury Note Future September 21.

  1. Braddock Multi-Strategy Income Fund (MUTF: BDKAX, 13%)

BDKAX invests primarily in asset-backed debt securities and may also invest in illiquid securities. This fund has returned over 2% over the past six months and over -7% over the past three years. BDKAX has total assets of over $ 670 million and an expense ratio of 1.78. The two main holdings of the fund are MS Liquidity Fds Euro Lqdy Instl Acc and Pnmac Gsmr Issuer Trust 2.76%.

  1. Thrivent Multidimensional Income Fund (MUTF: TMLDX, 14%)

TMLDX invests in numerous asset classes and strategies that generate income and growth. This fund has returned over 5% over the past six months and over 6% over the past three years. TMLDX has total assets of over $ 53 million and an expense ratio of 1.17. The fund’s two main holdings are Thrivent Core Emerging Markets Debt and SPDR® Blmbg Barclays High Yield Bd ETF.

  1. Intrepid Income Fund (MUTF: ICMUX, 18%)

ICMUX invests primarily in high yield corporate debt securities, convertible debt, bank debt and US government securities. This fund has returned over 6% over the past six months and over 7% over the past three years. ICMUX has total assets of over $ 158 million and expense ratio of 0.91. The two main holdings of the fund are CURALEAF T / L and Invesco Shrt-Trm Inv Treasury Instl.

  1. AlphaCentric Income Opportunities Fund (MUTF: IOFAX, 23%)

IOFAX invests primarily in fixed income asset backed securities including aircraft backed securities, equipment leases, credit card receivables, student loans, etc. This fund has returned over 6% over the past six months. IOFAX has total assets of over $ 3.9 billion and an expense ratio of 1.74. The fund’s two main holdings are iShares MBS ETF and Vanguard Mortgage-Backed Secs ETF.

  1. Pioneer Securitized Income Fund (MUTF: SIFFX, 24%)

SIFFX normally invests in securitized asset instruments. It can also invest in structured investments, such as custodial receipts, credit notes (CLN) and variable rate mortgages (ARM). This fund has returned over 4% over the past six months. SIFFX has total assets of over $ 21 million and an expense ratio of 0.90. The two main holdings of the fund are VELOCITY COMMERCIAL CAPITAL LOAN TRUST 5.69% and Rmf Buyout Issuance Trust 2020-1 6%.

  1. Matisse Discounted Bond CEF Strategy (MUTF: MDFIX, 24%)

MDFIX normally invests in discounted portfolio funds which invest primarily in bonds. It also invests in loans, preferred securities, convertible securities and other instruments. This fund has returned over 7% over the past six months. MDFIX has total assets of over $ 29 million and expense ratio of 3.43. The fund’s two main holdings are Fidelity® Inv MM Fds Government I and Delaware MN Muni Income II.


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Stanford Alumni Backed NFT-Based Fixed Loan Protocol Commitment Announces Successful Fundraiser – Bitcoin News Press Release https://angil.org/stanford-alumni-backed-nft-based-fixed-loan-protocol-commitment-announces-successful-fundraiser-bitcoin-news-press-release/ https://angil.org/stanford-alumni-backed-nft-based-fixed-loan-protocol-commitment-announces-successful-fundraiser-bitcoin-news-press-release/#respond Sun, 19 Sep 2021 07:56:56 +0000 https://angil.org/stanford-alumni-backed-nft-based-fixed-loan-protocol-commitment-announces-successful-fundraiser-bitcoin-news-press-release/ PRESS RELEASE. Pledge Finance is launching a decentralized cross-chain financial ecosystem, specially designed for the financial sector following a successful private round in which it raised over $ 3 million. Hong Kong – Pledge Finance, an algorithm-based multi-channel decentralized financing (DeFi) ecosystem, announces the launch of an NFT-powered structured secured loan platform targeting the traditional […]]]>

PRESS RELEASE. Pledge Finance is launching a decentralized cross-chain financial ecosystem, specially designed for the financial sector following a successful private round in which it raised over $ 3 million.

Hong Kong – Pledge Finance, an algorithm-based multi-channel decentralized financing (DeFi) ecosystem, announces the launch of an NFT-powered structured secured loan platform targeting the traditional financial sector. The Binance Smart Chain (BSC) -based platform will be fully interoperable with other public chains, meaning other DeFi platforms will be able to interact with Pledge’s many product and service offerings.

Pledge bridges the gap between DeFi and finance

Financing of pledges will include pools of liquidity that will act as money markets so that users can trade cryptocurrencies without the need for a centralized exchange. The interest rate for staking to provide liquidity to these money markets will be algorithmically set and determined by the supply and demand of cryptocurrencies in each pool.

Initially, these pools will be referred to as Pledge’s native token, PLGR, which means users will need to purchase PLGR to trade between stablecoins and cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). The algorithm will ensure that Pledge users can trade cryptocurrencies with PLGR at their fair value with little friction.

In addition to using PLGR to facilitate exchanges between cryptocurrencies, Pledge’s native token will offer holders a fixed interest rate payment if they choose to use their crypto-assets to provide liquidity to the markets of the world. ‘money, loans or derivatives of Pledge. Additionally, unlike other lending protocols, Pledge users can create a variety of cash pools with different maturities for a given crypto-asset, each with fixed loan terms for loans issued by the pool.

PLGR will have a total supply of PLGR 3 billion.

The Pledge derivatives market is fueled by unique derivative smart contracts, which swap fixed rate interest payments for floating rate interest payments, providing an essential tool for DeFi traders who could use them to hedge. against speculative investments made in other pools. Due to Pledge’s cross-chain interoperability, these pools could also exist on other decentralized platforms.

The future is bright for engagement

Financing of pledges takes advantage of NFTs to further differentiate itself from other DeFi protocols. The pledge will initially hit NFT 50, each representing a fixed rate bond. These will be fully tradable on an NFT-based bond market, with each NFT representing the ownership, obligations and performance of a financial instrument. Financial institutions can use this tool to execute refinancing operations, by exchanging credit obligations.

This approach capitalizes on the current NFT craze, reusing it to make financial products such as bonds, loans and derivatives more accessible. to the DeFi world. The ultimate goal of Pledge is to serve the trillion dollar financial supply chain marketplace, bringing the traditional financial industry closer to the innovative and new space of the decentralized ledger. This mission is also supported by the success of Pledge’s first private round which raised $ 3 million in December 2020.

About engagement

Commitment is a reliable, transparent and convenient cross-chain exchange solution for decentralized financial assets. It is committed to combine NFT inter-chain circulation and multi-asset trading to simplify its transfer process, expand current NFT market, accelerate NFT valuation / price by providing trading table function and offer more of convenience to all NFT users.

The platform itself draws on the vast technological and financial experience of its core management team. CEO Tony Chan is a serial entrepreneur and angel investor with a background in computer science with a computer science degree from Stanford University. In his past career, Chan helped write part of Windows 95, which by the time of its release had become the most popular operating system in the world. Pledge’s CTO, Michael Ren, was the chief artificial intelligence scientist for a Hong Kong-based peer-to-peer lending company with revenues exceeding $ 10 billion annually. With 15 years of fintech, Ren is also responsible for powering the blockchain protocol, community experience, and partnerships for Pledge.

Pledge’s Senior Product Manager, Douglas Hill, will lead Pledge’s product development, ensuring that its financial product line is operationally sound and in line with market needs. Hill has previously worked in machine learning and augmented reality, pioneering the first ML-based platform for physical therapy and the sports industry.

Relying on the support of such a skilled team, combined with the prospect of interoperability, Pledge is definitely well positioned to drive the financial industry forward in the future.

For more information on how Pledge Finance plans to use NFTs to revolutionize the financial industry, visit their main site here.

Follow Pledge on Twitter

Join the Pledge community on Telegram

Subscribe to Pledge’s blog at Average

Get involved with Pledge on Discord

Discover Pledge’s technology on Github

Media contact details

Contact email: [email protected]

FINANCING COMMITMENT is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an investment offer.


This is a press release. Readers should exercise due diligence before taking any action regarding the promoted business or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or allegedly caused by or in connection with the use of or reliance on any content, good or service mentioned in the press release.

Image credits: Shutterstock, Pixabay, Wiki Commons



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Covid could push India’s growth model from consumption to investment https://angil.org/covid-could-push-indias-growth-model-from-consumption-to-investment/ https://angil.org/covid-could-push-indias-growth-model-from-consumption-to-investment/#respond Sat, 18 Sep 2021 06:41:00 +0000 https://angil.org/covid-could-push-indias-growth-model-from-consumption-to-investment/ The Covid-19 pandemic could serve as an inflection point to shift India’s growth model from a logic of consumption to a logic of investment. In its Ecoscope report, Motilal Oswal Financial Services said: “With Covid-19 hurting India’s ‘Home’ (HH) and ‘Government’ sectors, the continuity of strong consumption growth is in question. . ” “On the […]]]>

The Covid-19 pandemic could serve as an inflection point to shift India’s growth model from a logic of consumption to a logic of investment.

In its Ecoscope report, Motilal Oswal Financial Services said: “With Covid-19 hurting India’s ‘Home’ (HH) and ‘Government’ sectors, the continuity of strong consumption growth is in question. . ”

“On the contrary, with the improving financial position of listed companies and a slight increase in household investment in the real estate sector (referred to as physical savings), the narrative of an investment-led recovery is gaining momentum. “

The report ordered various economic actors – households, governments, listed companies and unlisted companies – to increase their investments in fixed assets in the immediate future according to their financial situation.

At present, the listed and unlisted business sector accounts for only about half of total investment in India.

The “HH” sector, including unincorporated businesses, accounts for 35-40% of India’s investment, while the remaining 12-13% comes from central and state governments.

In addition, the report indicated that the demand environment is expected to remain subdued due to the weak financial position of “HH” and the public sector.

“Despite a strong recovery in household investment in 2HFY21, given that Indian households suffered the brunt of the losses caused by Covid during CY20 (and CY21), we believe household spending will remain subdued over the next few years. years. “

He further pointed out that unless “HH”, “Unlisted companies” and government sectors can improve their financial situation – resulting in increased demand – a strong recovery in investment seems difficult.

–IANS

motorhome / in

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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A week in review – 09/17/21 https://angil.org/a-week-in-review-09-17-21/ https://angil.org/a-week-in-review-09-17-21/#respond Sat, 18 Sep 2021 06:38:45 +0000 https://angil.org/a-week-in-review-09-17-21/ Major It was another bearish week for the majors in the week ending the 17the September. The CAC40 led the way, falling 1.40%, with the DAX30 and EuroStoxx600 recording losses of 0.77% and 0.96% respectively. Eurozone economic data did not support the majors, despite statistics biased towards the positive. In mid-week, disappointing economic data from […]]]>

Major

It was another bearish week for the majors in the week ending the 17the September. The CAC40 led the way, falling 1.40%, with the DAX30 and EuroStoxx600 recording losses of 0.77% and 0.96% respectively.

Eurozone economic data did not support the majors, despite statistics biased towards the positive.

In mid-week, disappointing economic data from China fueled market concerns about the economic outlook.

Industrial production in China rose 5.3% year-on-year in August from an expected increase of 5.8%. In July, production rose 6.4%.

Investments in fixed assets increased by 8.9% compared to the expected 9.0%. In July, capital investment increased 10.3%.

As China’s numbers raised even more red flags, US economic data impressed, increasing political uncertainty.

Market nervousness ahead of next week’s FOMC policy decision and projections delivered the losses for the DAX30 at the end of the week.

Statistics

Economic data wage growth, industrial production, trade and inflation figures finalized for the euro area.

The finalized inflation figures for Spain, France and Italy were also released but had a moderate impact on the majors.

In the 2sd quarter, wages were down 0.4% year-on-year, partially offsetting a 2.1% increase recorded in the previous quarter.

Data on industrial production and trade were positive, however.

Output rose 1.5%, reversing a 0.1% drop from June, with the euro area’s trade surplus falling from € 17.7 billion to € 20.7 billion.

At the end of the week, the finalized inflation figures for the euro zone were in line with the preliminary figures. The euro area’s annual inflation rate accelerated from 2.2% to 3.0% in August.

The United States

In August, the annual core inflation rate fell from 4.3% to 4.0% against 4.2% expected. Although lower than expected, 4% continued to be well above the 2% target of the FED, leaving a tapering on the table.

By midweek, the NY Empire State’s industrial production and manufacturing numbers were positive for the market.

On Thursday, however, retail sales, the Philly FED manufacturing PMI and jobless claims numbers were more interesting.

In August, retail sales rose 0.7% from an expected decline of 0.2%. Core retail sales jumped 1.8% from a decline of 0.1%. In July, retail sales fell 1.1% and core retail sales fell 0.4%.

Manufacturing figures were also bullish, with the Philly Fed’s manufacturing PMI rising from 19.4 to 30.7 in September.

However, the jobless claims figures did not impress, with the remaining less than 300,000 elusive. In the week ending 10e In September, the first jobless claims rose from 312,000 to 332,000. Economists had forecast an increase to 330k.

At the weekend, consumer sentiment also improved, albeit moderately. In September, Michigan’s consumer sentiment index fell from 70.3 to 71.0, below the expected 72.0.

Market movers

From DAX, it was a mixed week for the automotive sector. Continental fell by 10.98%, with Volkswagen end the week down 3.40%. Bmw and Daimler however, ended the week up 1.44% and 2.88% respectively.

It was also a mixed week for the banking sector. German Bank recovered by 2.64%, while Commercial bank decreased by 0.18%.

From CAC, it was a mixed week for the banks. BNP Paribas rose 1.36% to reverse the trend. Crédit Agricole and Soc Gen decreased by 2.59% and 1.48% respectively.

It was also a mixed week for the French automotive sector. Stellantis SA increased 0.63%, while Renault fell 1.71%.

Air France-KLM found much needed support, increasing by 2.29%, while Airbus ended the week with a loss of 1.15%.

On the VIX index

It came back in the red for the VIX in the week ending the 17the September, ending a streak of 2 consecutive weekly wins.

After jumping 27.67% from the previous week, the VIX slipped 0.67% to end the week at 20.81.

2 days in the red after 5 sessions, including 6.58% fall on Wednesday, delivered the flip side. However, an increase of 11.34% on Friday limited the week’s decline.

For the week, the NASDAQ fell 0.47%, with the Dow Jones and S & P500 ending the week down 0.07% and 0.57% respectively.

The coming week

It’s a relatively busy week on the economic calendar.

Key statistics include the preliminary private sector PMIs for September for France, Germany and the euro area.

At the end of the week, the German IFO business climate figures will also influence.

From the United States, it’s a quieter but influential week ahead.

On the economic data front, preliminary private sector PMIs for September and weekly jobless claims will influence.

The main event of the week, however, is the Fed’s monetary policy decision and projections.

With the Fed expected to stand firm on politics, expect the Fed’s economic projections and political outlook to be key.

This article originally appeared on FX Empire

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Two ETFs to consider inflation for protection with a targeted duration https://angil.org/two-etfs-to-consider-inflation-for-protection-with-a-targeted-duration/ https://angil.org/two-etfs-to-consider-inflation-for-protection-with-a-targeted-duration/#respond Fri, 17 Sep 2021 15:58:02 +0000 https://angil.org/two-etfs-to-consider-inflation-for-protection-with-a-targeted-duration/ Getting inflation protection is one thing, targeting duration is another. Both can be accomplished with the FlexShares iBoxx 3 years Target Duration TIPS Index Fund (TDTT) and the FlexShares iBoxx 5 years Target Duration TIPS Index Fund (TDTF). As consumer prices rise this year, fixed income investors can prepare for further moves with Inflation-Protected Treasury […]]]>

Getting inflation protection is one thing, targeting duration is another. Both can be accomplished with the FlexShares iBoxx 3 years Target Duration TIPS Index Fund (TDTT) and the FlexShares iBoxx 5 years Target Duration TIPS Index Fund (TDTF).

As consumer prices rise this year, fixed income investors can prepare for further moves with Inflation-Protected Treasury Securities (TIPS). However, for the savvy fixed income investor who wants to limit their time in TIPS in the event of falling consumer prices, TDTT and TDTF can accomplish just that.

“Inflation protection is a popular investment strategy for many investors,” said a FlexShares Fund Focus. “And in their quest for inflation-hedging investments, Inflation-Protected Treasury Securities, or TIPS, are often the first choice of investors.”

“However, investors using TIPS should consider the duration of these securities, a key measure of sensitivity to fluctuations in interest rates,” said FlexShares. “We believe that targeting a specific duration based on a portfolio’s interest rate exposure is essential to successfully hedge against the threat of inflation. That being said, TIPS present more challenges for duration management than most other fixed income investments. “

First, TDTT seeks to provide investment results which, before fees and expenses, generally match the price and return performance of the iBoxx 3-Year Target Duration TIPS Index. The underlying index reflects the performance of a selection of TIPS with a target adjusted average duration, as defined by the index provider, of approximately three years.

The second option, TDTF, seeks to provide investment results that generally match the price and return performance of the iBoxx 5-Year Target Duration TIPS Index. Like TDTT, the Underlying Index reflects the performance of a selection of TIPS.

tdtf ytd

Focus on Modified Adjusted Duration (MAD)

One of the advantages of both ETFs is that they do not rely solely on the advantages of simply owning TIPS. The secret sauce has to do with what FlexShares calls Modified Adjusted Duration (MAD).

“TIPS obligations require a unique duration metric called modified adjusted duration (MAD) to judge their performance against the larger fixed income market, ”said FlexShares. “MAD is the market’s estimate of the term of a TIPS bond based on inflation expectations at that time. Since inflation expectations are highly variable, the MAD of a TIPS bond can change quickly.

For more news, information and strategy, visit the website Multi-asset channel.


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PBOC injects $ 14 billion as Evergrande debt hurts oil market https://angil.org/pboc-injects-14-billion-as-evergrande-debt-hurts-oil-market/ https://angil.org/pboc-injects-14-billion-as-evergrande-debt-hurts-oil-market/#respond Fri, 17 Sep 2021 06:22:30 +0000 https://angil.org/pboc-injects-14-billion-as-evergrande-debt-hurts-oil-market/ (Bloomberg) – China has stepped up its injection of short-term liquidity into the financial system, a sign that authorities seek to ease market nerves, weakened by concerns over quarter-end financing needs and the crisis of the debt of the China Evergrande group. The People’s Bank of China on Friday injected 90 billion yuan ($ 14 […]]]>

(Bloomberg) – China has stepped up its injection of short-term liquidity into the financial system, a sign that authorities seek to ease market nerves, weakened by concerns over quarter-end financing needs and the crisis of the debt of the China Evergrande group.

The People’s Bank of China on Friday injected 90 billion yuan ($ 14 billion) in funds on a net basis through seven-day and 14-day repurchase agreements, the highest number since February. Today was the first time this month that the authorities added more than 10 billion yuan of short-term liquidity to the banking system in a single day.

The transaction comes as the crisis facing Evergrande is fueling concerns about the health of the country’s real estate and credit markets. Adding to the stress is a seasonal increase in demand for liquidity, as banks become less willing to lend towards the end of the quarter as they prepare for regulatory checks. Liquidity also tends to decrease at this time of year as a week’s vacation approaches in early October.

“Avoiding a systemic liquidity crunch is the top priority for the PBOC and it has the means to do so,” wrote economists at Societe Generale SA led by Wei Yao in a research note. “A Lehman-style financial market meltdown is not our main concern, but a prolonged and severe economic downturn seems more likely.”

Concerns over Evergrande come at a time when the Chinese economy is already slowing. Aggressive movement controls put in place to curb Covid-19 outbreaks have hurt retail spending and travel, while measures to cool house prices have also taken their toll. On Wednesday, the country reported a slowdown in retail sales in August, along with weaker growth in industrial production and capital investment.

The PBOC seeks to strike a balance between stimulating the economy and ensuring that its liquidity injections do not lead to asset bubbles. Since July, the PBOC has refrained from injecting additional medium-term liquidity into the financial system as policy loans mature.

On Friday, the central bank injected 50 billion yuan through its seven-day reverse repurchase agreements, and an additional 50 billion yuan through 14-day contracts, which have not been used since February. Some 10 billion yuan matured on Friday.

“It is fair to say that the Evergrande situation and its repercussions on the wider real estate market will have a much greater direct impact on Chinese growth than any other regulatory crackdown,” said Alvin Tan, head of the foreign exchange strategy in Asia at Royal Bank. from Canada to Hong Kong. “I wouldn’t be surprised if the PBOC took action to contain the fallout in the money markets.”

The uncertainty over Evergrande prompts Chinese observers to rule out potential worst-case scenarios as they contemplate the pain the Communist Party is willing to tolerate. The pressure to intervene is increasing as signs of financial contagion increase.

Yet the PBOC’s operations have yet to lower money market rates. The seven-day repo rate, an indicator of the cost of interbank borrowing, jumped 12 basis points on Friday to 2.39%, its highest level since July.

“The PBOC is proving once again to the market that it will be favorable, but only if there is a need,” said Frances Cheung, rate strategist at Oversea-Chinese Banking Corp in Singapore.

More stories like this are available at bloomberg.com

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