CRYPTOCURRENCY

21Shares aims for institutional grade offering in crypto space

21Shares aims for institutional grade offering in crypto space

March saw the rebranding of Amun AG into 21Shares as the company sought to separate its technology products from its financial business – and also to produce a more financially appropriate name for a Swiss-based company with four spoken languages within its offices. There is a crypto hint in the new name too as it is a homage to the total maximum supply of bitcoin, as only 21 million bitcoin will ever be in circulation.

IN MY OPINION

Rumi Mahmood, head of ETF research, Nutmeg, shares his thoughts on how ETFs behaved during the market crisis of early 2020

Rumi Mahmood, head of ETF research, Nutmeg, shares his thoughts on how ETFs behaved during the market crisis of early 2020

We’ve long held the view that in the next market downturn, somewhere down the line ETFs would be vilified. And that happened, initially, with headlines noting: wild swings in premiums/discounts; illusion of liquidity; exacerbating volatility. But after the initial hysteria and alarmist headlines, as calmer heads prevailed and market participants shared their truths, the tune changed, and ETFs emerged as a hero in troublesome times.   

RETURNS

VEGAN outperforms the S&P 500 over its first two years

VEGAN outperforms the S&P 500 over its first two years

Beyond Investing’s US Vegan Climate Index, a low-carbon benchmark for cruelty-free and sustainable investing, is two years old, and is celebrating the fact with an announcement that it has enjoyed outperformance versus the S&P 500 of 5.93 per cent, an annualised excess return of 2.92 per cent with a tracking error of 1.39 per cent since launch.