Bloomberg Bonds Beat Stocks at Pension Funds, Turning 60/40 Inside Out (Bloomberg) — The debate over the traditional 60/40 portfolio seems endless, but for pensions at least, it’s over — and bonds won.The retirement funds of the top 100 U.S. public companies, with combined assets of about $1.8 trillion, have ratcheted up their fixed-income allocations to a record level. At the end of their last fiscal year, they held 50.2% of assets in debt, while slashing money parked in equities to an… Source link

Bloomberg Shock and Tears: Behind Vanguard’s Retreat From China Market (Bloomberg) — Vanguard Group Inc. staff who dialed into a video call from their desks on the 40th floor of the Shanghai World Financial Center last month were expecting a morale-boosting speech from regional head Scott Conking on how the U.S. fund giant would tackle the Chinese market after years of preparation.Instead, Conking said the $7 trillion money manager was abandoning its push for a mutual fund license. The firm… Source link

EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Acquisition/Acquisition 29.04.2021 / 11:00 MSKThe issuer is solely responsible for the content of this announcement. Yandex Announces Acquisition of a Bank to Obtain a License Moscow and Amsterdam, the Netherlands, April 29, 2021 – Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced that it has entered into an agreement to purchase 100% of Acropol Bank. The… Source link

Bloomberg Shock and Tears: Behind Vanguard’s Retreat From China’s Market (Bloomberg) — Vanguard Group Inc. staff who dialed into a video call from their desks on the 40th floor of the Shanghai World Financial Center last month were expecting a morale-boosting speech from regional head Scott Conking on how the U.S. fund giant would tackle the Chinese market after years of preparation.Instead, Conking said the $7 trillion money manager was abandoning its push for a mutual fund license. The… Source link

Russian internet giant Yandex has raised its 2021 revenue forecast, saying that strong growth in newer business areas such as e-commerce and food delivery pushed advertising’s share of group revenues below 50% for the first time. Yandex’s advertising and search business, still the driving force of its profits, has recovered from a hit during the early stages of the COVID-19 pandemic. At the same time, its revenue growth has been outpaced by the newer business… Source link

(Adds detail) MOSCOW, April 29 (Reuters) – Yandex said on Thursday it had agreed to buy mid-sized bank Acropol for 1.1 billion roubles ($14.8 million), a move that will secure a banking licence for the Russian internet company so that it can develop financial services. Yandex has sought a means to develop its fintech offering after its split from a joint venture with state lender Sberbank last summer meant it ceded control of e-payment service Yandex.Money. In October, a $5.48 billion… Source link

  Get Sample Report Buy Complete Report Mobility-as-a-Service Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this… Source link

Tonight the San Jose Planning Commission will decide whether to approve Google’s proposed 80-acre megacampus—potentially paving the way for the largest land use project in the city’s history. News around the tech giant’s proposal accelerated in recent months as the project nears its final hearing before San Jose City Council on May 25. Since Google unveiled its vision for the project last year, there have been numerous developments, including a key hearing at the Santa… Source link

(Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Less than a decade after it entered the media business through its acquisitions of AOL and Yahoo, Verizon VZ Communications reportedly may be preparing to exit the sector, According to The Wall Street Journal, Verizon is “exploring” whether to unload its media properties, which could fetch a price of $4 billion to $5 billion. According to the… Source link