The recent sell-off in technology, especially among FAANG stocks, led to renewed comparisons of the tech sector today to that of the dot-com bubble era. But that might be a stretch, says Nicolas Rabener.
Why do professional investors talk about behavioral finance more than they apply its insights? How do single stocks influence factor returns? The leading Enterprising Investor posts from last month address these questions and more.
VanEck has brought to Cboe Global Markets an exchange-traded fund that gives exposure to the municipal bond market, primarily through other VanEck ETFs. The VanEck Vectors Municipal Allocation ETF is actively managed using a quantitative model that incorporates momentum and macroeconomics. ETF (16 May.)
Global regulators should examine the different approaches the EU and the US are taking to implement Basel III, says Fernando Restoy, chairman of the Bank for International Settlements' Financial Stability Institute. A review could show regulators how to encourage "a level playing field while protecting financial stability," Restoy says. MLex (subscription required) (16 May.)
Five banks have agreed to pay fines to the EU, which says nine traders have colluded via online chat to manipulate the foreign exchange market. Barclays, Royal Bank of Scotland, Citigroup, JPMorgan Chase and Mitsubishi UFJ Financial Group will pay €1.07 billion combined, the European Commission says. Reuters (16 May.)
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