Hot Reads: Credit Suisse Bond Wipeout Hits UK ETFs

Plus, gold cracked the $2K price level for the first time in a year.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Credit Suisse Bond Wipeout Tanks UK ETFs Tracking Risky Bank Debt (The Wall Street Journal) 
About $17.3 billion of CS additional tier 1 bonds will be written down to zero. 

 

Gold Rises Above $2K For First Time in 1 year on Haven Demand (Bloomberg) 
Gold steadied, after rising above $2,000 an ounce for the first time in a year after the Credit Suisse deal failed to entirely ease fears over the global banking sector. 

 

Bonds Extend Rally Amid Crisis Fears (The Capital Spectator) 
Fixed income prices continued to rebound last week as investors worried that the turmoil in the banking sector could spread. 

 

Sustainable ETFs in Europe Often Cheaper Than Mainstream Peers (Financial Times) 
Price wars have prompted many providers to lower fees. 

 

Volatility Is Nothing New (A Wealth of Common Sense) 
History is chock full of panics, crises, crashes, ups, downs and the unexpected. 

 

Keeping Calm Amid the Banking Crisis (The Evidence-Based Investor) 
Rather than rummaging through your portfolio looking for trouble when headlines make you anxious, turn instead to your investment plan. 

 

Banks’ Riskiest Bonds Sink as Credit Suisse Wipeout Jolts Market (Bloomberg) 
High-risk bonds of European lenders plunge after holders of Credit Suisse convertible securities suffered a historic loss as part of its takeover by UBS Group. 

 

CFA Institute Makes ‘Biggest Single Package of Changes’ in Its History (Institutional Investor) 
New level III pathways, including private wealth and private markets, and practical skills modules are just two examples of sweeping changes to the curriculum. 

 

BUG: A High-Risk/Reward Cybersecurity ETF (Seeking Alpha) 
The Global X Cybersecurity ETF was mauled by the 2022 bear market and is down 25% over the last year—back to where it was in late 2020. 

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.