Funding & Business
BlackRock Flips $3 Billion of Rieder’s Mutual Funds Into ETFs
BlackRock Inc. is converting two mutual funds — managed by Chief Investment Officer of global fixed income Rick Rieder — into ETFs to better fit the strategies into the firm’s booming model-portfolio ecosystem.
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UBS Group AG is facing a $26 billion increase in capital requirements leveled by its home government, Switzerland. Bloomberg’s Myriam Balezou reports.
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Anna Edwards, Guy Johnson, Valerie Tytel and Mark Cudmore break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.” (Source: Bloomberg)
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An emergency summit of Arab and Muslim countries in Doha coincides with the fifth anniversary of the Abraham Accords, a set of US-brokered agreements that normalized diplomatic relations between Israel and several Arab states. But the Arab world is now faced with a new reality, the war has come to the Gulf. Prem Kumar, Partner at DGA-Albright Stonebridge Group and Former US National Security Council Senior Director tells Joumanna Bercetche on Bloomberg’s Horizons Middle East & Africa, there are no indications the US is prepared to apply real pressure on Israel. (Source: Bloomberg)
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