Mon, Apr 29, 2024 7:51 PM
Amkay Products IPO: From price band to GMP - All you need to know
A Flip by Avya Verma
Active exchange-traded funds have seen record inflows in recent years, taking assets under management to $630 billion. That’s a lot of money but small in comparison to the $10 trillion in ETF assets overall or the $24 trillion in public mutual funds registered in the US. Still, one corner of the active ETF space represents the best shot traditional fund managers have of preserving their role.
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Retail darlings GameStop and AMC continued their slide into premarket trading on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out. Shares of the struggling videogame retailer GameStop fell 16% to $33 after jumping as much as $64.83 so far this week. Theater chain AMC shed 13% following an 88% gain since Friday.
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Wall Street’s biggest bull wishes he'd been even more bullish. But he's making up for it now. “It has become clear to us that we underestimated the strength of the market momentum,” Brian Belski, BMO Capital Markets chief investment strategist, wrote Wednesday morning in a note revising his 2024 year-end forecast to a Street high of 5,600.
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