Mutual funds

• Why Asia's richest man and BlackRock CEO want Indians to pick equities over gold - Indians are among the leading buyers of gold in the world, but the country has been seeing increasing financialization of savings, with mutual funds growing in popularity.
• Small cap stocks overdue for 'outperformance,' says wealth advisor - STORY: "We're overdue for some big, big, big small cap outperformance," said Diton, adding that lower rates are "great" for small cap stocks.Diton also said he prefers the S&P SmallCap 600 to the Russell 2000 Index.
• Dollar Decline Resumes as Debasement Fears Increase - The dollar weakened Thursday as Bloomberg's gauge of the US currency slipped 0.3%, while precious metals such as gold and silver extended their record-breaking rallies. The return of the so-called debasement trade outweighed Treasury Secret
• JPMorgan's Michele on 'Sell America' Headlines: 'Hogwash' - Bob Michele, JPMorgan Asset Management global head of fixed income, says he isn't seeing any signs of a "Sell America" movement on "Bloomberg Surveillance: The Fed Decides."
• Wallace: Crypto Volumes Not Large in DIFC But Growing - Dubai's financial regulator is rolling out major updates to its crypto-token framework to bolster & regulate its digital asset environment. Elisabeth Wallace, Associate Director of Policy & Legal at the Dubai Financial Services Authority sp
• Ethereum Staking Entry Queue Surpasses Exit Queue After 3 Months — What’s Next for ETH? - A crucial catalyst for Ethereum rally is hiding in plain sight, signaling easing selling pressure and potentially driving a price recovery.
• India's ICICI Prudential AMC sees shares jump 20% in market debut after stellar IPO - The IPO by the firm jointly owned by India's ICICI Bank and UK's Prudential, was priced at 2,165 rupees per share at the upper end of the price band.
• US Core CPI Eases in November to Slowest Pace Since 2021 - Underlying US inflation rose from a year earlier at the slowest pace since early 2021 in November. The core consumer price index increased 2.6%, compared with a 3% annual advance two months earlier, while the overall CPI climbed 2.7% in Nov
• Police Release Surveillance Video of Brown University Shooting Suspect - Brown University's student body president said the building where the shooting took place is a hub of student activity, filled classrooms and labs. The FBI is investigating the shooting, which took place during the final-exam period.
• Goldman Sachs makes big bet on ETFs specializing in downside protection - Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — which use options to help protect against market losses.