Latest news with #INVG
Yahoo
a day ago
- Yahoo
Mount Etna eruption in images: See Europe's largest active volcano blow from different angles
When you buy through links on our articles, Future and its syndication partners may earn a commission. Mount Etna erupted on Monday (June 2), sending a flow of hot material racing down the volcano as a massive dark cloud of ash rose high into the sky above Sicily. Live Science has rounded up some of the best photographs and videos of this eruption. News reports initially indicated this was the biggest eruption at Etna since 2014, but INVG representatives have since said this is not the case and that it was "a medium-sized eruption." The Italian volcano, which is the largest active volcano in Europe, has been erupting on and off for centuries, according to the Smithsonian's Global Volcanism Program. The current interval of eruptive activity began on Nov. 27, 2022. An avalanche of ejected hot lava blocks, ash, gas and other volcanic material, known as a pyroclastic flow, began to race down the side of the volcano at around 11:20 a.m. local time. Related: WATCH Mount Etna erupt: Europe's largest volcano blows as tourists scramble to safety Mount Etna's latest eruption likely started after a collapse of material in the southeast crater. The resulting explosive activity then spawned three main lava flows that are now cooling, according to an update from the Etnean Observatory, run by Italy's National Institute of Geophysics and Volcanology. Footage of the pyroclastic flow makes it look as if the volcano is splitting open from the top down as the ejected material races along the side of the volcano. People visiting Etna at the time captured the eruption on video as they fled. Volcano visitors filmed a massive cloud of ash and other volcanic material rising up above them as they fled. Some people stopped to take photos and videos while others scrambled away as fast as they could. There are no reports of injuries. An ash cloud generated by the eruption rose up to around 21,300 feet (6,500 meters into the sky, according to an update from the Toulouse Volcanic Ash Advisory Centre in France at 12:00 p.m. local time. Mount Etna is around 11,000 feet (3,350 m) tall, so the ash cloud was almost twice as high as the volcano itself. The eruption pumped large amounts of sulfur dioxide (SO2) into the atmosphere, according to the Toulouse Volcanic Ash Advisory Centre. When released from a volcano, sulfur dioxide can mix with other gases and particles to form a haze called volcanic smog (vog). Inhaling enough vog can cause respiratory problems and other health issues such as eye and skin irritation, according to the United States Geological Survey. Mount Etna towers above the nearby metropolitan city of Catania, which is home to a population of more than 1 million people. Catania residents and visitors saw the eruption from the city's streets as the ash cloud obscured what was a clear blue sky. The eruption had stopped by 4:56 p.m. local time, when the Etnean Observatory published an update on Mount Etna's activity. The Toulouse Volcanic Ash Advisory Centre noted that there was no ash cloud being produced at 4.22 p.m., and by 5:22 p.m., the ash cloud was dissipating. Editor's note: This story was updated on Wednesday, June 4 at 5:34 a.m. ET as it previously incorrectly stated the eruption was the biggest since 2014. After publication, INVG representatives told Live Science that it was "a medium-sized eruption."
Business Wire
4 days ago
- Business
- Business Wire
GMO Launches GMO Systematic Investment Grade Credit ETF (INVG)
BOSTON--(BUSINESS WIRE)--GMO, a global investment manager known for its long-term, valuation-oriented strategies, today announced the launch of the GMO Systematic Investment Grade Credit ETF (INVG). This actively-managed ETF will employ a systematic, factor-based approach to identify and invest in attractive opportunities within the U.S. investment grade corporate credit market. Building on GMO's expertise in quantitative investing and credit analysis, INVG will offer investors a differentiated solution for accessing investment grade corporate credit. The strategy is designed to pursue alpha through a blend of factors across value, quality, momentum, and issuer fundamentals, captured through proprietary fair value models, measures of changes in default risk, and momentum signals derived from credit and equity assets. "The GMO Systematic Investment Grade Credit ETF represents our commitment to providing innovative and differentiated fixed-income solutions in the formats investors and their advisors want," said Scott Hayward, Chief Executive Officer of GMO. The INVG ETF is designed for investors seeking investment grade corporate credit exposure managed in a systematic, risk-mitigated way. 'Investment grade corporate credit spans all major sectors and offers relatively lower default risk and offers investors access to higher quality corporate balance sheets across the global economy. INVG draws on GMO's quantitative capabilities with a systematic approach designed to maximize risk-adjusted returns,' said Joe Auth, Head of Developed Fixed Income. The launch of INVG further expands GMO's lineup of ETFs, which focused on some of GMO's highest conviction current ideas and includes GMO U.S. Quality (QLTY), GMO International Quality (QLTI), GMO U.S. Value (GMOV), GMO International Value (GMOI), and GMO Beyond China (BCHI). More information about GMO's ETFs can be found at: ETF Investing at GMO. About GMO Global investment manager GMO, established in 1977, brings together focused expertise within its investment teams, industry-leading research, and client solutions and service to advance clients' goals. Privately owned and renowned for conviction in a valuation-based, long-term investment philosophy, GMO serves sophisticated institutions, financial intermediaries, and families, and managed $65 billion as of March 31, 2025. The firm is headquartered in Boston, with offices in London, Sydney, Amsterdam, Singapore, and Tokyo (representative office). For more information, visit Social Media: LinkedIn: GMO X: @GMOInsights An investor should carefully consider the fund's investment objectives, risks, charges, and expenses before investing. This and other important information can be found in the fund's prospectus. To obtain a prospectus please visit Read the prospectus carefully before investing. Risks associated with investing in the Fund may include: (1) Credit Risk; (2) Market Risk - Fixed Income Investments; (3) Management and Operational Risk. For a more complete discussion of these risks and others, please consult the Fund's Prospectus. The GMO ETFs are distributed in the United States by Foreside Fund Services LLC. GMO and Foreside Fund Services LLC are not affiliated.
