baranozdemir/E+ via Getty Images The Sprott Nickel Miners ETF ( NIKL ) is an exchange-traded index fund that aims to track the performance of the Nasdaq Sprott Nickel Miners Index. As might be expected, this is an index that was created specifically for this fund to track it. According to the website for the index: The Nasdaq Sprott Nickel Miners Index is designed to track the performance of a sel...
baranozdemir/E+ via Getty Images The Sprott Nickel Miners ETF ( NIKL ) is an exchange-traded index fund that aims to track the performance of the Nasdaq Sprott Nickel Miners Index. As might be expected, this is an index that was created specifically for this fund to track it. According to the website for the index: The Nasdaq Sprott Nickel Miners Index is designed to track the performance of a selection of global securities in the nickel industry. This is an equity index that includes a specific focus on companies that mine nickel, which might be an interesting prospect to many investors due to the simple fact that most Americans have very little or no exposure to this particular industry. There are no nickel mining companies in the S&P 500 Index ( SP500 ), after all. Freeport-McMoRan ( FCX ) and Newmont Corporation ( NEM ), which are the only two companies in the S&P 500 that actually own and operate mines, are not specifically focused on nickel, although Freeport-McMoRan has historically been a producer of this mineral. As such, nearly all of the nickel mining companies are foreign companies, with many being based in Indonesia, China, or other Asian nations. As we will see in this article, many of the stocks in which NIKL invests are foreign entities. As a result of this, there are very few funds available that enable investors to take advantage of the rapidly rising demand for nickel across the world. In fact, the Sprott Nickel Miners ETF is the only one that specifically provides exposure to nickel mining companies, although some of the global mining exchange-traded funds do include nickel mining. There could be a reason for investors to consider purchasing shares of this fund, however, as the demand for nickel is poised to expand rapidly, and this is already showing up in the recent performance of the common stocks that comprise NIKL’s portfolio. About The Sprott Nickel Miners ETF As stated in the introduction, the Sprott Nickel Miners ETF is an exchange-traded...
Labour mayor of Greater Manchester joins those criticising Ratcliffe over his comments The GMB union has alos criticised Jim Ratcliffe over his comments about immigration. The union represents workers employed by Ineos, the chemicals company set up and run by Ratcliffe. Andy Prendergast, the GMB’s national secretary, said: Anyone who watches football knows the beautiful game is a shining example m...
Labour mayor of Greater Manchester joins those criticising Ratcliffe over his comments The GMB union has alos criticised Jim Ratcliffe over his comments about immigration. The union represents workers employed by Ineos, the chemicals company set up and run by Ratcliffe. Andy Prendergast, the GMB’s national secretary, said: Anyone who watches football knows the beautiful game is a shining example multiculturalism; people from across the world playing in harmony. In light of this, Radcliffe’s crass and insensitive comments just underline how out of touch and offensive he truly is. His reign at Man Utd has been marked by mass dismissals of loyal staff and chaos on the pitch. Frankly, his right to comment on UK affairs should have ended the moment he sloped off to Monaco to avoid paying his taxes. These comments go against everything for which Manchester has traditionally stood: a place where people of all races, faiths and none have pulled together over centuries to build our city and our institutions, including Manchester United FC. Calling for curbs on levels of immigration is one thing; portraying those who come here as a hostile invading force is quite another. Continue reading...
Ukraine faced another large-scale Russian air strike following President Volodymyr Zelenskiy ’s comments that Moscow will turn down a US-brokered ceasefire on attacks against energy infrastructure. Russia attacked Ukraine’s largest cities on Thursday, including Kyiv, Kharkiv, Odesa and Dnipro, damaging residential buildings, the country’s air defense said after the overnight barrage, adding that m...
Ukraine faced another large-scale Russian air strike following President Volodymyr Zelenskiy ’s comments that Moscow will turn down a US-brokered ceasefire on attacks against energy infrastructure. Russia attacked Ukraine’s largest cities on Thursday, including Kyiv, Kharkiv, Odesa and Dnipro, damaging residential buildings, the country’s air defense said after the overnight barrage, adding that most of the 24 ballistic missiles and 219 drones used were intercepted. Two people were killed in the attack, Zelenskiy said in a post on X. The air raid seriously damaged an unidentified power facility in the Odesa region, the private energy company DTEK said in a post on Facebook. Repairs will take significant time, it said. It’s the latest in a series of Russian air attacks targeting Ukraine’s civilian and energy infrastructure amid freezing conditions as winter continues to test the country’s resilience. Although temperatures have begun to rise across Ukraine, disruptions to heating and water supplies caused by Russia’s strikes — compounded by recent extreme frosts — persist, along with prolonged blackouts. In Kyiv, nearly 2,600 additional residential buildings were left without heating following last night’s massive attack, Mayor Vitali Klitschko said in a post on Telegram. Read More: Ukrainians Defy Russia’s Attempts to Freeze Them Into Submission Fire crews are working to extinguish a blaze at Lukoil JSC’s oil refinery following a Ukrainian drone attack in the city of Ukhta some 1,550 kilometers (over 960 miles) north-east of Moscow, Komi Republic Governor Rostislav Goldshtein said in a post on Telegram on Thursday without giving further details. Russia’s oil refineries have frequently been targeted in Ukraine’s air campaigns, with an attack on Lukoil’s major Volgograd facility reported Wednesday. Kyiv has not yet commented on the incident in Ukhta, while the state-run Tass news service cited the regional emergency services as saying the city had come under an overnig...
British asset management group’s deal with Nuveen will create one of world’s biggest fund managers Schroders has agreed a £9.9bn takeover by a US investor, ending two centuries of family ownership of the historic British asset management group. Chicago-based Nuveen will buy the City firm, it said on Thursday, in a deal that will create one of the world’s biggest fund managers, controlling about $2...
British asset management group’s deal with Nuveen will create one of world’s biggest fund managers Schroders has agreed a £9.9bn takeover by a US investor, ending two centuries of family ownership of the historic British asset management group. Chicago-based Nuveen will buy the City firm, it said on Thursday, in a deal that will create one of the world’s biggest fund managers, controlling about $2.5tn (£1.8tn) of assets. Continue reading...
Schroders soared to the top of the Stoxx 600 on Thursday, hitting a 52-week high, after U.S. fund management giant Nuveen said it would buy the U.K.'s largest standalone asset management. The deal, sized at £9.9 billion ($13.5 billion), will create one of the world's biggest asset management groups. Nuveen — the investment management arm of the Teachers Insurance and Annuity Association of America...
Schroders soared to the top of the Stoxx 600 on Thursday, hitting a 52-week high, after U.S. fund management giant Nuveen said it would buy the U.K.'s largest standalone asset management. The deal, sized at £9.9 billion ($13.5 billion), will create one of the world's biggest asset management groups. Nuveen — the investment management arm of the Teachers Insurance and Annuity Association of America (TIAA), a pensions and insurance group — will acquire Schroders for up to 612 pence per share. The deal will create a global fund management behemoth with almost $2.5 trillion in assets under management, including $414 billion in combined private markets assets. Shares in London-listed Schroders were up over 28% in morning trade following the announcement. Stock Chart Icon Stock chart icon Schroders PLC. Under the agreement, the Schroders brand will be maintained, with the company remaining headquartered in London. Established in 1804, Schroders currently manages about £824 billion in assets, almost two-thirds of which are in the EMEA region. Nuveen manages about $1.4 trillion in assets, 94% of which are in the Americas. The transaction will deliver "an attractive premium in cash" to shareholders, Elizabeth Corley, chair of Schroders, said in a statement. Group CEO Richard Oldfield added that the deal will "significantly accelerate our growth plans to create a leading public-to-private platform with enhanced geographic reach and a strengthened balance sheet." "This transaction is about unlocking new growth opportunities for wealth and institutional investors around the world by giving our leading, differentiated public-to-private platform a broader global presence," said Nuveen CEO William Huffman.
(London) — A U.K. court is set to hear arguments next week over how to dispose of roughly 60,000 bitcoins seized in connection with a Chinese investment fraud, in one of the largest cryptocurrency recovery cases to enter civil proceedings in Britain. The High Court hearing on Feb. 16 and 17 will focus on the handling of the cryptocurrency, currently valued at about 30 billion yuan ($4.3 billion), ...
(London) — A U.K. court is set to hear arguments next week over how to dispose of roughly 60,000 bitcoins seized in connection with a Chinese investment fraud, in one of the largest cryptocurrency recovery cases to enter civil proceedings in Britain. The High Court hearing on Feb. 16 and 17 will focus on the handling of the cryptocurrency, currently valued at about 30 billion yuan ($4.3 billion), down from a peak of about 54 billion yuan in October.
alexsl Stock index futures rose on Thursday, a day after the Dow Jones broke out of three days of gains and ended lower. Dow futures ( INDU ) rose 0.35% to 50,297. S&P 500 futures ( SPX ) gained 0.39%, and Nasdaq 100 futures ( US100:IND ) advanced 0.31%. On the economic calendar, investors will receive initial jobless claims and existing home sales data during market hours. Initial jobless claims ...
alexsl Stock index futures rose on Thursday, a day after the Dow Jones broke out of three days of gains and ended lower. Dow futures ( INDU ) rose 0.35% to 50,297. S&P 500 futures ( SPX ) gained 0.39%, and Nasdaq 100 futures ( US100:IND ) advanced 0.31%. On the economic calendar, investors will receive initial jobless claims and existing home sales data during market hours. Initial jobless claims for the previous week showed an increase of 22,000 to 231,000, while existing home sales rose 5.1% month-over-month to a seasonally adjusted annual rate of 4.35M in December. U.S. Treasury yields were mixed across the curve. The 10-year Treasury yield ( US10Y ) was flat at 4.18%, and the 30-year Treasury yield ( US30Y ) dipped slightly to 4.81%. The shorter-end 2-year Treasury yield ( US2Y ) fell 1.5 basis points to 3.51%. Top S&P 500 gainers in premarket trading included Equinix ( EQIX ) +8.64%, Sandisk ( SNDK ) +6.07%, and Micron Technology ( MU ) +3.36%. Decliners included Rollins ( ROL ) -12.50%, Paycom Software ( PAYC ) -8.22%, and Cisco Systems ( CSCO ) -7.74%. More on markets Long Bulls Dow Jones And U.S. Index Outlook: Hawkish NFP Sends Stocks Lower 3 Warning Signs The Stock Market Is Overdue For A Sharp Correction