Hot Reads: Bitcoin Keeps Sliding
Plus, Franklin Templeton filed for its gold ETF confidentially.
Compiled by ETF.com Staff
Bitcoin Extends Drop Amid Global Sell-off (Bloomberg Quint)
The cryptocurrency has been positively correlated with equities since last February, reducing its potential diversification benefits.
Franklin Kept Initial Filing For Gold ETF Secret (Financial Times)
The fund had been in the works since at least the spring even though no public records existed.
The First Test For Evergrande’s Debt Crisis Comes This Week (CNBC)
China’s largest developer needs to pay $83 million in interest on a bond note Thursday as the world eyes any sign of contagion from potential default.
Northern Trust Plans Active Manager Alpha Boost (Institutional Investor)
The ETF servicer has taken a minority stake in Essentia Analytics, a firm that helps managers spot behavioral biases.
Paying Attention To 'Online Buzz' Harms Returns (The Evidence-Based Investor)
A new study has affirmed prior research showing investor attention bias can have negative consequences for their portfolio returns.
Gundlach Spots Where Fed Manipulation May Occur (FA Magazine)
DoubleLine CEO Jeffrey Gundlach says the Fed steps in whenever 30-year Treasuries near or cross the 2% mark.
OPEC+ Can Proceed With Reviving Supply, 2 Key Members Say (Yahoo Finance)
The bloc of oil-producing countries’ plans to lift production limits would likely reduce prices at the pump.
