Matt Tucker News
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BlackRock Inc., the largest provider of exchange-traded funds, is opening four fixed-income ETFs today with defined maturity dates to appeal to institutional investors such as bank treasurers.
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Trading in exchange-traded funds that buy junk bonds is increasing at a faster pace than transactions in the underlying debt as buyers seek a faster way to take advantage of a market returning 15.5 percent this year.
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Investors are directing a record amount of cash into U.S. municipal-bond exchange-traded funds and are poised to add more, helping to keep borrowing costs for local governments close to four-decade lows.
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Exchange-traded funds in January attracted the most money in 16 months, driven by record deposits to bond ETFs.
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Funds that give everyone from retirees to institutional money managers easier access to junk bonds are fueling the biggest price swings in more than two years after their buying power surged 10-fold.
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Jive Software Inc. is poised to lure acquirers with the fastest sales growth in the applications software industry after Microsoft Corp. agreed to purchase its competitor Yammer Inc. for $1.2 billion.
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Jive Software Inc., planning to sell shares to the public as soon as this year, is wagering that it can outpace Salesforce.com Inc. and Lithium Technologies Inc. in luring companies to set up social networks.
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Individual municipal-bond investors aren’t fleeing the market after Standard & Poor’s lowered the credit rating of thousands of bonds.
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Jive Software Inc., a maker of social-networking software for businesses, picked Morgan Stanley and Goldman Sachs Group Inc. to lead an initial public offering, said three people familiar with the matter.
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