Day: July 2, 2020

Vanguard and State Street Are Resisting the Hot New ETF Craze

(Bloomberg) — One of Wall Street’s hottest innovations is being hailed as the potential key to luring trillions of actively managed dollars to the booming market for exchange-traded funds. Yet two of the industry’s biggest players want no part of it for now.

Vanguard Group and State Street Corp. say they’re in wait-and-see mode as active, non-transparent funds take their crucial first steps in the $4.3 trillion U.S. arena for ETFs.

These products come with many of the benefits of traditional ETFs but drastically reduced disclosure requirements. That makes so-called ANTs a likely conduit to bring stock-picking strategies to the

Modi’s free ration scheme fails to take off; 11 states didn’t distribute even 1% foodgrains

Goa and Telangana did not distribute free grains for April and May, while six states and union territories did not distribute the grains in June. (Bloomberg image)

Prime Minister Narendra Modi’s ambitious free ration scheme has failed to take off and make an impact on the ground, as 11 states have distributed less than one percent of the allocated foodgrains. States such as Goa and Telangana have distributed zero foodgrains. Andhra Pradesh, Goa, Gujarat, Jharkhand, Ladakh, Maharashtra, Meghalaya, Odisha, Sikkim, Tamil Nadu, Telangana and Tripura are among the states which distributed less than 1 per cent of the food

Zoom will release a transparency report later this year with details on all governmental requests for user data

July 1 also marks an important chapter in Zoom’s controversy-ridden history.

Zoom said on Thursday that it had made “significant” progress in defining the framework and approach for its first transparency report and that it planned to release it later this year. The transparency report will offer insights on all the governmental requests for user data, records, or content (of Zoom calls or meetings) that Zoom has received so far. CEO Eric Yuan made the announcement in a blog post marking the commencement of Zoom’s 90-day feature freeze period, wherein the San Jose headquartered company focused all its resources on