(Reuters) - Asset manager T. Rowe Price filed for an actively managed crypto exchange-traded fund on Wednesday.
By Arasu Kannagi Basil in Bengaluru
Editing by Shilpi Majumdar
(Reuters) - Asset manager T. Rowe Price filed for an actively managed crypto exchange-traded fund on Wednesday.
By Arasu Kannagi Basil in Bengaluru
Editing by Shilpi Majumdar
Markets often behave unpredictably driven by fear and greed. The trend of shifting assets from high-cost mutual funds to low ETFs is a rational move.
These companies can attribute a lot of their success to being the biggest beneficiaries of the surge in artificial intelligence (AI) investment. But outperformance has led to significant divergences with the rest of the market. The longer that these divergences continue, the higher the odds of a larger selloff when these “magnificent” companies inevitably lose momentum.