LONDON: Aberdeen Investments has reached agreement with MFS to acquire the management of closed end fund (CEF) assets totalling £1.5bn, further cementing Aberdeen’s position as the fifth largest asset manager of CEFs globally. Through a series of mergers and reorganisations, nine MFS funds, in addition to one existing Aberdeen closed end fund, will be consolidated resulting…
Investors are currently favoring short-term bonds due to their lower volatility and stable yields amid economic uncertainty. The 3-month Treasury Bill yields over 4.3%, while the 2-year and 10-year Treasuries offer 3.9% and 4.4%, respectively. ETFs like iShares 0-3 Month Treasury Bond ETF (SGOV) and SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) have attracted over $25 billion in inflows…
SINGAPORE: Singapore Exchange (SGX) and Temasek announced that the digital assets joint venture (JV) –Marketnode – has partnered with Covalent Capital to build Asia Pacific’s first, end-to-end digital infrastructure in the fixed income space. This latest development follows the JV announcement by SGX and Temasek on 22 January. As part of the partnership, Marketnode will…