"We are in a land of pure imagination," when it comes to US equities, says Mark Yusko. “We have been on an escalator up and will be taking an elevator down.” Investors need to look to China and other emerging markets for returns.
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ETF Managers Group has rebranded the ETFMG Drone Economy Strategy exchange-traded fund as the Wedbush ETFMG Global Cloud Technology ETF and has changed the focus of the ETF's investment strategy to cloud technology from drones. The restructured EFT tracks the Dan Ives Global Cloud Technology Prime Index. ETF (08 Apr.)
Boeing says it is further changing software for the flight control computer of the 737 Max. The company continues to work for approval from the US Federal Aviation Administration for the aircraft to fly again. Reuters (08 Apr.)
The UK Financial Conduct Authority has introduced measures to make it easier and quicker for listed companies to raise equity amid the coronavirus pandemic. Financial Times (subscription required) (08 Apr.)
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