Global asset manager Franklin Templeton has launched Hong Kong’s first Luxembourg-registered tokenized money-market fund. Key Takeaways: Franklin Templeton launched Hong Kong’s first tokenized money-market fund investing in short-term U.S. government securities. The fund, initially open to institutional investors, uses blockchain to boost transparency and transaction efficiency. A retail version is planned pending SFC approval, expanding access to tokenized investment products in Hong Kong. The Fr ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Retail investors’ appetite for ETFs continues to grow among both experienced and potential users, according to the results of the 14th annual “ETFs and Beyond” report from Charles Schwab Asset Management. “It’s a continuation of the momentum we have been seeing. Investors continue to indicate they anticipate more of their investment portfolios going into ETFs in the future, such that they are ac ...

State Bank of India (SBI), said it has decided to divest 3,20,60,000 equity shares, being equivalent to 6.3007% of total equity capital of SBI Funds Management Limited (SBIFML) through Initial Public Offering (IPO), subject to regulatory approvals.Amundi India Holding, the other promoter of SBIFML, will divest 1,88,30,000 equity shares, being equivalent to 3.7006% of the total equity capital of SBIFML, with a total of 10.0013% stake comprising 5,08,90,000 shares to be listed. Both the promoters of SBIFML ha ...

美联储政策转向 - 美联储宣布将于2025年12月1日结束量化紧缩，转向资产负债表维持在6.5万亿美元规模，并将机构证券收入转向国债而非抵押贷款支持证券 [2] - 美联储的这一政策转变被描述为从资产负债表缩减转向扩张 [1] 当前宏观经济环境 - 当前经济环境特征为股市创下新高，经济年增长率为2%，失业率仅为4.3%，通胀率超过3%，高于美联储2%的目标 [4] - 标准普尔500指数的盈利收益率为4.4%，仅略高于10年期国债收益率4%，使得股票风险溢价处于0.4%的极低水平 [3] 政策影响与市场观点 - 这一政策转变被视为典型的债务周期晚期动态，可能在大崩盘前显著推高黄金和比特币价格 [1] - 观点认为此次宽松政策是在经济泡沫而非衰退中实施，人工智能股票已根据专有指标显示处于泡沫区域 [5] - 大规模财政赤字、为补偿长期债券需求疲弱而缩短的国债期限以及央行资产负债表扩张共同构成了典型的债务周期晚期动态 [5] 市场流动性状况 - 实际流动性已于2022年10月至12月期间开始涌入市场，当时紧缩政策实际上已结束，逆回购协议计划是主要渠道 [6] - 对流动性条件敏感的加密货币市场可能要到实际量化宽松开始而非仅仅停止紧缩时才会触底 [6]

Cryptocurrency-friendly investment firm Franklin Templeton introduced a blockchain-based money-market fund for professional investors in Hong Kong and said it's also working on a version for retail investors as it looks to expand its footprint in Asia. The Franklin OnChain U.S. Government Money Fund invests in short-term U.S. government securities, with shares represented as tokens. Franklin Templeton says the structure allows faster transactions, better transparency and lower costs than traditional fund ...

State Bank of India, the country’s largest lender, plans to sell a 6 per cent or 3.20 crore share in its subsidiary SBI Fund Management through Initial Public Offering (IPO).Amundi India Holding, the other promoter of SBIFML, will divest a 3.70 per cent or 1.88 crore equity shares.Both the promoters of SBIFML have jointly initiated the IPO, which will likely be completed in this year, said SBI.SBI Mutual Fund, the largest in the industry, was established in the year 1987 with SBI as the sponsor and was the ...

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IPO基本信息 - SBI与Amundi联合启动其合资公司SBI Funds Management Limited的首次公开募股[2] - 计划于2026年在印度证券交易所上市，具体取决于监管批准和市场条件[2] - 本次IPO将出售SBIFM 10%的股份，其中SBI出售6.3%，Amundi出售3.7%[3] 公司背景与市场地位 - SBIFM成立于1992年，目前由SBI持股61.9%，Amundi持股36.4%，其余股份由员工持股计划等持有[3] - 公司是印度资产管理行业的领导者，共同基金市场份额超过15.5%[3] - 截至2025年9月底，公司管理总资产达28.31万亿印度卢比（约合2690亿欧元）[3] - SBIFM将成为SBI继SBI Cards和SBI Life Insurance之后第三家上市子公司[4] 业务概况与产品服务 - SBIFM是SBI共同基金的资产管理臂，提供全面的投资解决方案[7] - 产品线包括共同基金、专业投资基金、组合管理服务、离岸基金、另类投资基金以及通过GIFT City提供的专业产品[8] - 客户群涵盖零售投资者、高净值个人、超高净值个人、非居民印度人、企业及机构客户[9] 公司治理与行业认可 - SBIFM是印度共同基金行业首家采纳CFA Institute资产管理公司行为准则的公司[10] - 公司是联合国负责任投资原则的签署方，致力于可持续和负责任投资[10] 股东方背景 - Amundi是欧洲领先的资产管理公司，全球排名前十，管理资产超过2.3万亿欧元[5] - Amundi在全球拥有6个国际投资中心，在35个国家拥有5,600名员工[6] - SBI是印度的银行巨头，被称为"Banker to every Indian"[7]

NOT FOR RELEASE, COMMUNICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITEDSTATES, CANADA, JAPAN OR AUSTRALIA SBI and Amundi jointly initiate to list SBI Funds Management State Bank of India (“SBI”) and Amundi have jointly initiated an Initial Public Offering (IPO) of SBI Funds Management Limited (“SBIFM”). The listing on the stock exchanges in India should occur in 2026, subject to regulatory approval and market conditions. Incorporated in 1992, and currently owned by SBI (61.9%), Amundi (36.4%) ...

According to the exchange filing, the bank will divest 3,20,60,000 equity shares, representing 6.3007% of the total equity capital of SBIFML. The divestment will be carried out through the IPO route and is subject to the necessary regulatory approvals.“Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we advise that the Executive Committee of the Central Board (ECCB) of State Bank of India in the meeting held on 6 th Novemb ...