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REUTERS/Niharika Kulkarni/File PhotoBENGALURU/SINGAPORE, May 6 (Reuters) - Singapore state investor Temasek Holdings (TEM.UL) is considering investing $100 million in Indian jeweller BlueStone for a stake of about 20%, two sources with direct knowledge of the matter told Reuters. The potential deal could boost BlueStone's plans to expand aggressively in India, the second-largest jewellery consuming nation behind China, as demand surges after the pandemic. BlueStone operates in a market that is dominated by thousands of small and large local independent jewellery stores, but also branded outlets like Titan Company-owned (TITN.NS) Tanishq and CaratLane, and Kalyan Jewellers (KALN.NS). While Temasek's interest in investing in Bluestone has been previously reported, Reuters is first to report details of an investment amount, the potential valuation and other financial details of the potential deal. BlueStone CEO Gaurav Kushwaha did not immediately respond to Reuters' request for comment, while Temasek declined to comment.

☆ US equity funds record biggest weekly outflow in five weeks
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +1 min

Investors exited a net $15.61 billion worth of U.S. equity funds during the reported period, their biggest weekly net selling since March 29, Refinitiv Lipper data showed. Reuters Graphics Reuters GraphicsU.S. large-cap funds lost $7.27 billion in net selling, the most since March 29, while small- and mid-cap funds saw outflows of $1.84 billion and $1.29 billion, respectively. U.S. general domestic taxable fixed income funds witnessed outflows of $1.49 billion. U.S. high yield funds lost $1.77 billion in their first weekly net selling in five weeks. Meanwhile, U.S. short/intermediate investment-grade funds obtained a net $1.92 billion in their biggest weekly inflow in 10 weeks.

☆ Global equity funds see biggest weekly outflow in five weeks
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: +2 min

According to Refinitiv Lipper data, global equity funds recorded a net $16.9 billion worth of outflows in the week to May 3, marking the biggest weekly outflow since March. The U.S. and European equity funds booked $15.6 billion and $600 million worth of outflows during the week, while Asian funds drew a small inflow of $160 million. Global bond funds also secured $3.95 billion of inflows in a second week of net buying. Investors purchased government and short- and medium-term bond funds of about $2 billion each but drew $910 million out of high-yield funds. Data for 23,973 emerging market funds showed investors received a net $1.35 billion worth of equity funds in their biggest weekly net buying since March 1 but exited a net $183 million worth of bond funds.

☆ Global issuance of mortgage-backed securities falls to a 23-year low
▼ + stars: | 2023-05-04 | by ( Patturaja Murugaboopathy | ) www.reuters.com time to read: +3 min

May 4 (Reuters) - The issuance of global mortgage-backed securities (MBS) slumped to a 23-year low in the first four months of this year, highlighting the turmoil in the real estate sector as higher mortgage rates hit property sales and refinancing. According to Refinitiv data, global MBS issuance stood at $100 billion in the first four months of this year, the lowest since 2000. Reuters GraphicsThe property sector, often a leading indicator for other economic activity, has seen a slump this year due to a spike in mortgage rates as global central banks increased interest rates to tame inflation. MBS consist of pools of home loans and other real estate debt and typically carry higher yields than U.S. Treasuries. The refinancing of existing mortgages may also be affected, as there may be fewer lenders available to refinance existing loans leading to private lenders and higher rates."

☆ US money market funds see biggest weekly inflow in four weeks
▼ + stars: | 2023-04-28 | by ( ) www.reuters.com time to read: +1 min

Refinitiv Lipper data showed investors purchased a net $47.72 billion worth of U.S. money market funds in their biggest weekly net buying since March 29. Meanwhile, U.S. equity funds faced a fifth straight week of outflows, with investors exiting a net $3.75 billion worth of funds. Reuters Graphics Reuters GraphicsInvestors also pulled out $1.62 billion from U.S. bond funds in a second straight week of net selling. U.S. general domestic taxable fixed income funds, inflation protected funds and loan participation funds had $2.18 billion, $892 million and $797 million worth of net selling, respectively. Still, government bond finds secured $2.22 billion worth of inflows compared with net selling of $2.14 billion in the previous week.

☆ Investors turn net sellers of global equity funds on recession fears
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

Data from Refinitiv Lipper showed investors sold equity funds worth $2.25 billion in the week, compared with a $215 million net purchase the previous week. Rate hike expectations also affected the bond market, as investors turned net sellers of global bond funds for the first time in five weeks. Investors withdrew $1.68 billion from government bond funds in their first weekly net selling in 10 weeks. Meanwhile, investors exited $89.35 billion worth of global money market funds after a seven-week buying spree. Data for 23,920 emerging market funds showed investors purchased $384 million worth of equity funds in a fourth week of net buying while securing $513 million worth of bond funds.

☆ Rate hike worries drive US bond funds first outflow in three weeks
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +2 min

April 21 (Reuters) - U.S. bond funds suffered big outflows in the week to April 19 on expectations that the Federal Reserve would continue to hike interest rates to tackle inflationary pressures. Refinitiv Lipper data showed $3.1 billion worth of net selling from U.S. bond funds after two weeks of inflows. Investors disposed of $3.16 billion of municipal bond funds in their biggest weekly net selling since December 21, 2022, but purchased about $5 million worth of taxable bond funds. Investors sold U.S. mid-, and small-cap funds of $603 million and $390 million, respectively, but purchased large-cap funds of $797 million. However consumer staples and healthcare drew $580 million and $534 million worth of inflows, respectively.

☆ U.S. money market funds draw inflows for fifth straight week
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

April 14 (Reuters) - U.S. money market funds received inflows for a fifth straight week after recent data pointed to a still-strong labor market, bolstering bets for a rate hike by the Federal Reserve in May. According to Refinitiv Lipper data, U.S. money market funds drew a net $20.51 billion worth of inflows in the week to April 12. Reuters Graphics Reuters GraphicsInvestors are favoring money market funds over bank deposits amid a rally in short-term interest rates, with the real interest rate turning positive by some measures, analysts said. The yield on the 3-month U.S. Treasury bill , in which money market funds invest the most, surged to a near 16-year high of 5.175% on Thursday. Reuters Graphics Reuters GraphicsMeanwhile, U.S. bond funds obtained $1.7 billion worth of inflows when compared with $8.97 billion worth of net buying in the previous week.

☆ Global money market funds see huge demand for a seventh straight week
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

Funds in the global money market drew a net $40.83 billion worth of inflows compared with a net $61.12 billion worth of purchases in the previous week, data from Refinitiv Lipper showed. The yield on the 3-month U.S. Treasury bill , in which money market funds invest the most, surged to near a 16-year high of 5.175% on Thursday. Reuters Graphics Reuters GraphicsGlobal bond funds saw inflows dipping to $3.43 billion in the week from $16.45 billion worth of net buying a week ago. Inflows in government bond funds slipped to a nine-week low of $2.33 billion, while high-yield funds faced outflows of $172 million. Data for 23,942 emerging market funds showed equity funds received a third weekly inflow, worth $227 million, while bond funds had $913 million worth of outflows after two weekly net purchases in a row.

☆ U.S. money market funds see fourth weekly inflow in a row
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File PhotoApril 10 (Reuters) - U.S. money market funds drew inflows for a fourth straight week on worries about an economic slowdown after data pointed to slowing production and a cooling labor market. According to Refinitiv Lipper data, U.S. money market funds obtained a net $42.51 billion worth of inflows in the week to April 5. Investors poured $2.81 billion into U.S. general domestic taxable fixed income funds and also received $2.44 billion worth of government bond funds in their eighth week of net buying in a row. Reuters GraphicsMeanwhile, U.S. equity funds recorded $10.34 billion worth of outflows, compared with net selling of $20.75 billion in the previous week. Among sector funds, they exited financial and healthcare funds of $1.2 billion and $694 million, respectively, but tech obtained $566 million worth of inflows.

☆ Global money market funds witness inflows for sixth straight week
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +2 min

Funds in the global money market saw purchases worth a net $61.91 billion, that marked a sixth consecutive week of net inflows, data from Refinitiv Lipper showed. Reuters Graphics Reuters GraphicsThe U.S., European and Asian money market funds obtained inflows worth $42.51 billion, $25.62 billion and $280 million, respectively. Reuters GraphicsMeanwhile, global bond funds drew $15.16 billion worth of inflows, the biggest amount since July 2021. Investors purchased $5.26 billion worth of high yield and $1.71 billion worth of target maturity bond funds, but sold $1.15 billion worth of short-term bond funds. Data for 23,935 emerging market funds showed equity and bond funds, both obtained a second weekly inflow, amounting $397 million and $412 million, respectively.

April 6 (Reuters) - U.S. dividend funds have faced steep outflows this year after strong inflows last year as investors rush to safer money market funds and bank deposits, providing high returns without much risk. According to Refinitiv data, U.S. dividend funds witnessed an outflow of $5.6 billion in the first quarter of this year, the first in 10 quarters. On the other hand, U.S. money market funds secured a massive $391.5 billion inflow in the first quarter, the biggest in three years. "As long as the stability and income generated from money market funds remain attractive relative to stocks, the outflows may continue this year." However, some analysts said dividend funds are still the safer option as they invest in companies with solid balance sheets and healthy cash flows which are likely to be more resilient during an economic slowdown.

☆ Investors rack up U.S. money market funds for a third straight week
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

March 31 (Reuters) - Money continued to flow into safer U.S. money market funds for a third consecutive week as investors remained unsettled about the banking sector crisis, with slowdown worries also affecting the sentiment. According to Refinitiv Lipper data, U.S. money market funds received a net $59.31 billion worth of inflows in the week to March 29. Fund flows: US equities, bonds and money market fundsMeanwhile, investors turned net sellers of $20.68 billion worth of U.S. equity funds after $10.17 billion worth of net purchases in the previous week. They exited large, small and mid-cap equity funds of $8.25 billion, $2.43 billion and $1 billion, respectively. Fund flows: US equity sector fundsMeanwhile, investors turned net sellers of U.S. bond funds with disposals of $1.37 billion after about $2.87 billion worth net purchases in the previous week.

[1/2] The Credit Suisse logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 16, 2023. Credit Suisse AT1 bondholders get nothing under the UBS merger deal. A WisdomTree exchange traded fund that tracks a broad index of bank AT1s, has dropped 11% in the past fortnight. Credit Suisse AT1s made up less than 3% of the fund just before the Swiss bank's rescue, the asset manager disclosed. Deutsche Bank AT1 debt is trading at 74 cents on the dollar, off last week's lows around 67 cents but still below levels seen before the Credit Suisse writedown, Tradeweb data shows.

☆ Indian edtech startup Unacademy to lay off 12% of staff - document
▼ + stars: | 2023-03-30 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, March 30 (Reuters) - Indian edtech startup Unacademy is laying off 12% of its workforce, citing a funding winter and pressure to turn profitable, according to an internal mail from the company's chief executive seen by Reuters on Wednesday. "Today... funding is scarce and running a profitable business is key," CEO and co-founder Gaurav Munjal said in an email sent to all staff. A spokesperson for Unacademy declined to comment on the layoffs and did not disclose the number of job cuts or the current headcount. Indian business news publication Moneycontrol reported earlier in the day that the SoftBank-backed startup laid off about 380 employees, reducing its total employee count to under 3,000. Companies that have cut staff include Tiger Global-backed Vedantu and Byju's - India's biggest startup valued at $22 billion.

"Indian firms that do not increase their prices and (don't) focus hard on profitability do so at their own peril. The move, while long-sought by overseas law firms, appears to have been somewhat unexpected in its timing. Foreign law firms have yet to announce plans for new offices in India but international firms like Allen & Overy and Herbert Smith Freehills told Reuters they are examining the new rules. Lalit Bhasin, who heads the Society of Indian Law Firms, said there were concerns that a foreign law firm might de facto operate as a full-service firm by hiring local law firms to advise on areas concerning Indian law. "Who is going to monitor whether that foreign law firm is not engaged in practice of Indian laws?"

☆ Global money market funds draw massive inflows in week to March 15
▼ + stars: | 2023-03-17 | by ( ) www.reuters.com time to read: +2 min

March 17 (Reuters) - Global money market and government bond funds obtained massive weekly inflows as investors rushed to safer assets on fears of contagion from the collapse of three U.S. banks last week. Global money market funds drew $112.13 billion in the week to March 15, data from Refinitiv Lipper showed. Fund flows: Global equities, bonds and money marketInvestors pulled out $19.2 billion from global equity funds, in their biggest weekly net selling since the third week of December. Among equity sector funds, healthcare, industrials and metals & mining suffered $645 million, $613 million and $258 million worth of net selling, respectively. Data for 23,846 emerging market funds showed investors exited $1.23 billion worth of bond funds, and withdrew $1.37 billion out of equity funds after nine weeks of net purchases in a row.

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Concerns have been heightened by the wild swings in market interest rates since the collapse of Silicon Valley Bank (SIVB.O) last week. Fund managers advise shunning high-yield bonds, despite their attractive yields, because of the risk these bonds could be hit by ratings downgrades, defaults and a squeeze in company earnings. Refinitiv Lipper data showed high-yield bond funds, after seeing an inflow of $7.63 billion in January, faced an outflow of $11.51 billion in February. Reuters GraphicsSo far this month, high-yield bond exchange-traded funds (ETFs) have seen a total outflow of $506 million. However, safer money market funds have attracted $28.76 billion, and government bond funds have seen an inflow of $15.52 billion since February.

☆ Global equity funds draw first weekly inflow in four weeks - Refinitiv data
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

March 10 (Reuters) - Global equity funds drew their first weekly inflow in four weeks in the seven days to March 8 after strong consumption boosted the service sector in some major economies, easing worries over a recession. Data from Refinitiv Lipper showed global equity funds obtained inflows worth a net $2.36 billion in the week to March 8, the most since Feb. 1. Fund flows: Global equity sector fundsGlobal bond funds attracted inflows for a 10th straight week as they received $5.72 billion net. Data for 23,826 emerging market funds showed equity funds secured a ninth weekly inflow worth $1.35 billion. Investors also purchased a net $367 million in bond funds after three weeks of net selling in a row.

☆ Most Asian equities see outflows in Feb as rate-hike jitters weigh
▼ + stars: | 2023-03-07 | by ( Gaurav Dogra | ) www.reuters.com time to read: +2 min

Foreigners sold equities worth a net $2.1 billion in Thai, Indian, the Philippine and Vietnam markets, data from stock exchanges showed. The trend of money flowing from South Asia into North Asian equities continued in February due to China's plans to reopen borders. Thai equities suffered $1.28 billion worth of foreign outflows, the biggest monthly net selling by outsiders since April 2020. Meanwhile, Indian and Philippine equities also recorded $647 million and $155 million worth of foreign outflows. On the other hand, Indonesian equities received $378 million in February after seeing outflows worth $1.55 billion in the previous two months.

☆ U.S. equity funds post biggest weekly outflow in eight weeks
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +1 min

Refinitiv Lipper data showed investors offloaded a net $12.9 billion worth of U.S. equity funds, booking their biggest weekly disposal since Jan. 4. Fund flows: US equities, bonds and money market fundsMeanwhile, money market funds drew a net $64.86 billion, the biggest weekly inflow in eight weeks, amid a risk-off mood among investors. U.S. large- and mid-cap equity funds faced $6.27 billion and $267 million worth of outflows, while investors drew $1.32 billion out of the small cap funds, snapping a four-week-long buying streak. Fund flows: US equity sector fundsMeanwhile, U.S. bond funds obtained $2.79 billion in inflows after witnessing two weeks of net selling. Investors purchased U.S. short/intermediate government & treasury funds of $4.75 billion, while general domestic taxable fixed-income funds attracted $1.9 billion worth of inflows.

☆ Since David Solomon became Goldman Sachs CEO, more than 80 partners have left. See the running list here.
▼ + stars: | 2023-03-03 | by ( Carter Johnson | Dakin Campbell | ) www.businessinsider.com time to read: +6 min

David Solomon has been Goldman Sachs' CEO for more than four years since succeeding Lloyd Blankfein. There's been a lot of talk about the morale at Goldman Sachs. In reality, Solomon said, there were fewer "partner transitions at Goldman Sachs" in 2022 than any year "going back to 2014." "At the moment, year-to-date, our turnover is at a 5-year low, not just for partners, in the whole firm," Solomon added. Here is a running list of Goldman's partners that have retired from the firm — or moved on to roles at other companies — since Solomon became CEO.

☆ Global equity funds see biggest weekly outflow in two months
▼ + stars: | 2023-03-03 | by ( ) www.reuters.com time to read: +2 min

March 3 (Reuters) - Global equity funds suffered their biggest weekly net selling in two months in the seven days to March 1 as global stocks fell after strong U.S. economic data stoked fears about further rises in interest rates. Data from Refinitiv Lipper showed global equity funds saw a net $13 billion worth of outflows in the week to March 1, the biggest amount since Jan. 4. Fund flows: Global equity sector fundsMeanwhile, global bond funds accumulated $6.83 billion worth of inflows, compared with just $1.46 billion worth of net purchase in the previous week. Government bond funds attracted $4.38 billion and corporate bond funds secured $3.56 billion with outflows from high-yield funds easing to a three-week low of $1.74 billion. Data for 23,732 emerging market funds showed equity funds drew an eighth weekly inflow, worth $1.56 billion, but bond funds remained out of favour for the third week with $924 million in outflows.

☆ In the midst of the AI boom, investors are doubling down on diligence. Here are the five questions VCs are asking every generative AI startup during pitches.
▼ + stars: | 2023-03-02 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

Buzzy generative AI startups have so far avoided the troubles plaguing the rest of the tech world. Here are the five diligence questions investors are asking generative AI startups, according to VCs. But for generative AI startups, 2023 has been much of the same — and that hasn't been a bad thing. Insider spoke with eight of these VCs about the top five questions they're asking generative AI startups during diligence processes. One hallmark of generative AI startups are their eye-staggering round sizes.

☆ U.S. equity funds see biggest weekly outflow in seven weeks
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +2 min

Refinitiv Lipper data showed investors withdrew a net $6.88 billion out of U.S. equity funds, marking their biggest weekly outflow since Jan. 4. Fund flows: US equities, bonds and money market fundsU.S. large-, and mid-cap funds suffered weekly disposals of $5.68 billion and $389 million respectively but small-cap received a marginal $79 million worth of inflows. Tech and real state witnessed $856 million and $603 million worth of outflows, while consumer discretionary and utilities, both lost about $300 million in net selling. U.S. high yield and municipal debt funds suffered outflows of $6.4 billion and $1.78 billion, respectively, but U.S. short/intermediate government and treasury funds saw about $4.85 billion worth of net buying. Fund flows: US bond fundsMeanwhile, money market funds obtained $541 million, marking a second weekly inflow in a row.

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