Latest news with #Liquid
Yahoo
5 days ago
- Business
- Yahoo
Fidelity® Launches Managed Futures ETF
New Active ETF Adds to Fidelity's Rapidly Growing $41 Billion Alternative Investments Lineup BOSTON, June 05, 2025--(BUSINESS WIRE)--Fidelity Investments® today announced the launch of Fidelity Managed Futures ETF (FFUT), a liquid alternative strategy that aims to capitalize on market trends through disciplined, systematic long-short investing. FFUT is listed on The Nasdaq Stock Market LLC and available today commission-free for individual investors and financial advisors through Fidelity's online brokerage platforms. "The new managed futures strategy is designed to provide clients with an investment option that can help diversify their portfolios with the ease of an ETF wrapper," said Roberto Croce, portfolio manager of Fidelity Managed Futures ETF at Fidelity Investments. "Fidelity's robust quantitative research, sophisticated investment capabilities, and disciplined investment process help us provide a differentiated strategy." FFUT seeks capital appreciation across market regimes, while aiming to provide especially attractive risk adjusted returns during periods of equity market drawdowns. In an effort to achieve its investment objective, the fund pursues a strategy intended to capture the persistence of price trends (up and/or down) in a broad set of markets — including equities, fixed income, currencies and commodities — utilizing futures, forwards and other derivatives. "Our team has access to enormous amounts of data, world-class research, and top talent to help uncover new investing opportunities and build advanced systematic strategies, including Fidelity Managed Futures ETF," said Neil Constable, head of Quantitative Research and Investments at Fidelity Investments. The ETF is competitively priced with an estimated gross expense ratio of 0.83% and estimated net expense ratio of 0.80%. Individual investors and financial advisors can learn more about liquid alternative investments at Investing in Liquid Alternatives | Fidelity Investments or Alternative Investments | Fidelity Institutional. Fidelity's Growing ETF Platform With today's launch, Fidelity's exchange-traded lineup consists of 79 ETFs and ETPs with $111 billion in assets under managementi, including 31 actively managed equity ETFs, 15 fixed income ETFs, 13 equity factor ETFs, six passive thematic ETFs, 11 passive equity sector ETFs, two digital asset ETPs and Fidelity ONEQ. Most recently, Fidelity added two fixed income ETFs and three options-based ETFs to the lineup. As part of Fidelity's commitment to financial education, the company offers a variety of resources to help investors review exchange-traded investing ideas, decide which types of exchange-traded offerings may fit their investing needs, or browse offerings with Fidelity's screeners: Investing in ETFs/ETPs | Fidelity Investments or Fidelity ETFs & ETPs | Fidelity Institutional. As a leading provider of exchange-traded offerings, Fidelity's platform offers individual investors and advisors access to more than 4,100 exchange-traded offerings, with more than $1.6 trillion in exchange-traded client assetsii. Alternative Investments at Fidelity Fidelity, through its asset management divisions, manages a range of alternative investment (alts) vehicles, including private equity, private credit, real assets, liquid alternatives, and digital assets. Fidelity Investments' alts lineup includes more than 60 funds, comprised of funds for eligible investors and funds available to the firm's investment team for portfolio construction, totaling more than $41 billion in assets under managementiii. In addition, Fidelity is a leading provider of custodial services, offering access to more than 6,000 alternative products and overseeing more than $95 billion in assets under administrationiv on its alternative investments platform for institutional and intermediary clients. About Fidelity Investments Fidelity's mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve. Fidelity's strength comes from the scale of our diversified, market-leading financial services businesses that serve individuals, families, employers, wealth management firms, and institutions. With assets under administration of $15.0 trillion, including discretionary assets of $5.9 trillion as of March 31, 2025, we focus on meeting the unique needs of a broad and growing customer base. Privately held for 78 years, Fidelity employs more than 77,000 associates across the United States, Ireland, and India. For more information about Fidelity Investments, visit Unless otherwise expressly disclosed to you in writing, the information provided in this material is for educational purposes only. Any viewpoints expressed by Fidelity are not intended to be used as a primary basis for your investment decisions and are based on facts and circumstances at the point in time they are made and are not particular to you. Accordingly, nothing in this material constitutes impartial investment advice or advice in a fiduciary capacity, as defined or under the Employee Retirement Income Security Act of 1974 or the Internal Revenue Code of 1986, both as amended. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in the products or services and may receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services. Before making any investment decisions, you should take into account all of the particular facts and circumstances of your or your client's individual situation and reach out to an investment professional, if applicable. Commodity interest trading involves substantial risk of loss. Past performance is no guarantee of future results. Free commission offer applies to online purchases of Fidelity ETFs in a Fidelity retail account. The sale of ETFs is subject to an activity assessment fee (historically from $0.01 to $0.03 per $1,000 of principal). Risks for Fidelity Managed Futures ETF The fund uses investment techniques that are different from the risks ordinarily associated with traditional equity investments and are considered complex trading strategies. Such techniques and strategies include the use of derivatives, short sales, leverage, and investments in commodities and commodity-linked securities. Short sales pose more risk than long positions. Because a short position loses value as the security's price increases, the loss on a short sale is theoretically unlimited. Regulatory bans on certain short selling activities may prevent a fund from fully implementing its strategy. Leverage can increase market exposure, magnify investment risks, and cause losses to be realized more quickly. The fund's use of futures, forward contracts, options, swaps, and other derivative instruments may result in losses. The value of these derivative instruments may pose risks in addition to and greater than those associated with investing directly in securities, currencies or other instruments and may be illiquid or less liquid, volatile, difficult to price and leveraged so that small changes in the value of underlying instruments may produce disproportionate losses to the fund. The use of derivatives is a highly specialized activity that involves investment techniques and risks different from those associated with investments in more traditional securities and instruments. Moreover, a relatively small price movement in a derivative contract may result in substantial losses to the fund, exceeding the amount of the margin paid. The use of derivatives can increase the fund's risk exposure to underlying assets and their attendant risks, while also exposing the fund to the risk of mispricing or other improper valuation and the risk that changes in the value of a derivative may not correlate as anticipated with the underlying asset, rate, index or overall securities markets, thereby reducing their effectiveness. Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Fixed income investments entail interest rate risk (as interest rates rise bond prices usually fall), the risk of issuer default, issuer credit risk and inflation risk. Securities selected using quantitative analysis can perform differently from the market as a whole as a result of the factors used in the analysis, the weight placed on each factor, and changes in the factors' historical trends. Investment in Fidelity Managed Futures Cayman Ltd., an unregistered subsidiary, is not subject to the investor protections of the Investment Company Act of 1940 (1940 Act) and is subject to the risks associated with investing in derivatives and commodity-linked investing in general. The value of commodities and commodity-linked investments may be affected by the performance of the overall commodities markets as well as weather, political, tax, and other regulatory and market developments. Commodity-linked investments may be more volatile and less liquid than the underlying commodity, instruments, or measures. Non-diversified funds that focus on a relatively small number of stocks tend to be more volatile than diversified funds and the market as a whole. These alternative investment strategies may not be suitable for all investors and are not intended to be a complete investment program for any investor. Views expressed are as of the date indicated, based on the information available at that time, and may change based on market or other conditions. Unless otherwise noted, the opinions provided are those of the speaker or author and not necessarily those of Fidelity Investments or its affiliates. Fidelity does not assume any duty to update any of the information. Before investing in any exchange-traded fund, you should consider its investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus, offering circular or, if available, a summary prospectus containing this information. Read it carefully. Fidelity Brokerage Services LLC, Member NYSE, SIPC900 Salem Street, Smithfield, RI 02917 Fidelity Distributors Company LLC900 Salem Street, Smithfield, RI 02917 National Financial Services LLC, Member NYSE, SIPC245 Summer Street, Boston, MA 0211 1208063.1.1©2025 FMR LLC. All rights reserved. ____________________ i Data as of April 30, 2025. ii Data as of April 30, 2025. iii Data as of March 31, 2024. iv Data as of April 30, 2025. View source version on Contacts Fidelity Media RelationsFidelityMediaRelations@ Madeline Lenahan (617) Caroline St. Angelo (401) Follow us on Twitter @FidelityNews Visit About Fidelity and our online newsroom Subscribe to emailed news from Fidelity Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
5 days ago
- Entertainment
- Fashion Network
Motifs, Mud, Music: Burberry festival campaign arrives with a host of stars
Festival season is upon us and Burberry is making sure it's front of stage and waving its Knight/Prorsum-emblazoned flag. So the new Burberry festival campaign has arrived and encompasses a series of films and portraits celebrating British music culture. And what a cast it's lined up: Liam Gallagher, Goldie, Seungmin, Loyle Carner, Chy Cartier, John Glacier, Cara Delevingne, Alexa Chung, Lennon Gallagher, Molly Moorish-Gallagher and Gene Gallagher. 'Think of the campaign like a collage,' said chief creative officer Daniel Lee. Think 'candid moments capturing off-duty fans and headline acts in-between gigs.' The series 'celebrates British identities, united by a shared belief in the power of live music', we're told. With vox pops and commentary from faces in the industry, the campaign echoes Burberry as 'the essential look of the festival scene and mirrors the attitudes and dress codes of the 1990s – seen now'. Lee added: 'Burberry sits at the centre of the summer calendar. It's both a means of creative expression and go-to uniform for festival goers.' Shot against a set of sound systems, stages and mud, the films by director Kim Gehrig, and portraits by photographer Drew Vickers, the featured talent from the worlds of music and modelling includes a unique casting of the wider Gallagher family plus, of course, Goldie, and the wealth of younger musical talents they both inspire that 'reinforces Burberry's legacy and enduring appeal'. Of course, the important campaign film's soundtrack, Liquid's 'Sweet Harmony ', is the breakbeat-meets-piano anthem heard at British festivals since its single release 34 years ago. And so to the 'uniform' summer 25-style. Gallagher senior wears his own Burberry parka by Christopher Bailey from SS18, which will be reissued in a limited run (available worldwide, in-store and online) from July. Meanwhile, the campaign highlights the brand's new Highland handbags in jacquard-woven Burberry Check with a coated finish 'for unpredictable British festival weather'. There are also packable capes and hooded jackets in Burberry Check and solid colours. Then there are 'totems of British cultural style', like cotton Harrington jackets and parkas cut from nylon or coated cotton gabardine. Mini kilts and rubber boots are worn with leather jackets, fleeces and a trench in washed satin. Check shirts are unbuttoned, belts are cinched around baggy T-shirts and worn as dresses. Burberry Check, in heritage and seasonal colours, elevate tank tops, polo shirts and bikinis. Reprising an archival motif first seen on Burberry bags in the 1980s, the Knight stamp is amplified on cotton jersey T-shirts or as a subtle emblem on jackets and accessories. The Burberry Check also comes woven as a tonal design on denim and jersey and as argyle knitwear. Many looks are worn with the Marsh rubber boots in Burberry Check, the Moor hiking boots, leather Potter and suede Urchin clogs, plus Terrace and sporty-mesh Matrix sneakers. Curved crossbody bags in Burberry Check and quilted Horseshoe styles are inspired by rainwear. For jewellery, shield motifs come in sterling silver alongside frog and horse charms that draw from British nature.
The Hindu
31-05-2025
- Business
- The Hindu
PM Modi inaugurates Unit I of Neyveli Uttar Pradesh Power Limited's Ghatampur Thermal Power Project
Prime Minister Narendra Modi on Friday (May 30, 2025) dedicated Unit I of the Ghatampur Thermal Power Project in Kanpur Nagar district of Uttar Pradesh to the nation. The project, inaugurated by the Prime Minister on Friday, was developed by Neyveli Uttar Pradesh Power Limited (NUPPL), a joint venture of NLC India Limited (51%) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) (49%). According to a NLCIL press release, the project comprises three supercritical thermal power units of 660 MW each, adding up to a substantial 1,980 MW of installed capacity. This initiative aims to meet the growing electricity demand in Uttar Pradesh and other States, enhancing energy security, while aligning with the nation's commitment to sustainable and reliable power generation. The project cost is ₹21,780.94 crore, and the remaining two units of the Ghatampur Thermal Power Project are expected to be commissioned in 2025-26. A total of 998.81 hectares of land was acquired for its development. Project features According to NLCIL, the project has several advanced environmental technologies, including Selective Catalytic Reduction (SCR) and Flue Gas Desulphurization (FGD) technologies for reducing NOx and (SOx) emissions, respectively. The project also includes a Zero Liquid Discharge (ZLD) system in place to ensure no water is discharged from the plant. A total of 288 km of canal lining works are being undertaken to conserve 195 MLD of water by preventing seepage losses. The project is equipped with sophisticated monitoring devices, including Ambient Air Quality Monitoring Stations (AAQMS) and Continuous Emissions Monitoring Systems (CEMS).
National Post
30-04-2025
- Business
- National Post
Blockstream Shares Key Strategic Update on Growth & Expansion in 2025
Article content Article content MONTREAL, Quebec — Blockstream, the global leader in Bitcoin-powered financial infrastructure, has shared a key strategic update today highlighting several recent milestones, as the company looks to unveil several new innovations to expand Bitcoin's role in institutional finance and everyday user experience later this year. As announced previously, Blockstream raised $210 million in a financing round led by Fulgur Ventures in October 2024, and has already significantly expanded development and investment across its infrastructure and software offerings in 2025. Article content 'We are at a pivotal moment for Bitcoin's growth,' said Blockstream Co-Founder and CEO Dr. Adam Back. 'Spot ETFs have opened the floodgates, institutions are rushing to engage with Bitcoin, and individual interest is accelerating. As we look ahead, we will continue to explore ways to deliver the greatest impact with a focus on building the financial rails and infrastructure to help secure Bitcoin's success long term.' Article content As part of this broader expansion strategy Blockstream Mining, which becomes a newly independent company and will continue to operate under the well-established 'Blockstream Mining' brand, has also entered a new phase of growth, with over $350 million raised through a combination of equity and debt financing, alongside investments in its latest Blockstream Mining Note (BMN2). Article content Former President of Blockstream Mining Chris Cook, who launched and led the division, will serve as CEO of the newly independent company, bringing deep operational expertise and continuity of leadership. Article content Blockstream Co-Founder and CEO Dr. Adam Back, whose technical leadership and long-term vision were instrumental in shaping the mining business, will continue to support the company in an advisory role. Blockstream Satellite, which has long provided global Bitcoin data broadcast coverage, will also transition under the remit of the new mining entity. Article content Blockstream is additionally spinning out its ASIC division as a separate company with Assaf Gilboa as CEO (formerly EVP of Blockstream's Hardware Division), which will include a follow-on investment round and second in-progress round with the use of capital focused on ASIC R&D, including foundry services. Article content Key focus areas for Blockstream will continue to include development on Bitcoin layer-2 networks such as Liquid and Lightning, self-custody solutions like Blockstream Green and Jade, including the all-new Jade Plus, and institutional-grade custody tools. Article content Several new products aimed at creating a more streamlined and integrated user experience across Blockstream's technology stack are set to be unveiled at Bitcoin 2025 – Las Vegas in May. Article content To meet growing institutional demand, Blockstream launched Blockstream Asset Management (BAM) in February 2025, a new division focused on developing Bitcoin investment products for pensions, endowments, foundations and other sophisticated investors. Led by recently appointed CIO Sean Bill, a thirty-year hedge fund industry veteran, BAM reflects Blockstream's strategy to deliver end-to-end Bitcoin solutions built on Blockstream's full technology stack. Article content In January, Blockstream Capital Partners also completed a $75 million strategic investment into Komainu, a regulated digital asset custodian backed by Nomura's Laser Digital. The investment supports the integration of Blockstream's Liquid Network, Asset Management Platform (AMP) and enterprise-grade hardware security module (HSM) into Komainu's custody and off-exchange settlement systems, helping to raise the bar for institutional-grade infrastructure within the Bitcoin ecosystem. Article content Blockstream's long-term commitment to Bitcoin R&D remains at the heart of its vision. In November 2024, the company launched a dedicated research center in Lugano, Switzerland, focused on accelerating product development for the Liquid and Lightning networks and fostering collaboration with startups and academic institutions across Europe. Article content To further support its global expansion, Blockstream also opened a new office in Tokyo in early 2025, strengthening its presence in Asia and expanding collaboration with partners and developers in the region. Article content These efforts reinforce Bitcoin's role as a global financial and settlement layer, while supporting the next wave of decentralized innovation. Article content Founded in 2014, Blockstream is a global leader in Bitcoin and blockchain infrastructure, with offices and team members distributed around the world. Article content Serving as the technology provider for the Liquid Network, Blockstream offers a sidechain solution that enables secure, trustless Bitcoin swap settlements and robust smart contracts, empowering financial institutions to tokenize assets efficiently. Article content The companyʼs Core Lightning is a leading implementation of the open Lightning Network protocol, widely adopted for enterprise Bitcoin Lightning Network deployments. Article content Blockstream Jade, an open-source hardware wallet, delivers advanced security for Bitcoin and Liquid assets in an easy-to-use form factor. Article content Article content Article content Article content Article content
Associated Press
30-04-2025
- Business
- Associated Press
Blockstream Shares Key Strategic Update on Growth & Expansion in 2025
MONTREAL, Quebec--(BUSINESS WIRE)--Apr 30, 2025-- Blockstream, the global leader in Bitcoin-powered financial infrastructure, has shared a key strategic update today highlighting several recent milestones, as the company looks to unveil several new innovations to expand Bitcoin's role in institutional finance and everyday user experience later this year. As announced previously, Blockstream raised $210 million in a financing round led by Fulgur Ventures in October 2024, and has already significantly expanded development and investment across its infrastructure and software offerings in 2025. 'We are at a pivotal moment for Bitcoin's growth,' said Blockstream Co-Founder and CEO Dr. Adam Back . 'Spot ETFs have opened the floodgates, institutions are rushing to engage with Bitcoin, and individual interest is accelerating. As we look ahead, we will continue to explore ways to deliver the greatest impact with a focus on building the financial rails and infrastructure to help secure Bitcoin's success long term.' As part of this broader expansion strategy Blockstream Mining, which becomes a newly independent company and will continue to operate under the well-established 'Blockstream Mining' brand, has also entered a new phase of growth, with over $350 million raised through a combination of equity and debt financing, alongside investments in its latest Blockstream Mining Note (BMN2). Former President of Blockstream Mining Chris Cook, who launched and led the division, will serve as CEO of the newly independent company, bringing deep operational expertise and continuity of leadership. Blockstream Co-Founder and CEO Dr. Adam Back, whose technical leadership and long-term vision were instrumental in shaping the mining business, will continue to support the company in an advisory role. Blockstream Satellite, which has long provided global Bitcoin data broadcast coverage, will also transition under the remit of the new mining entity. Blockstream is additionally spinning out its ASIC division as a separate company with Assaf Gilboa as CEO (formerly EVP of Blockstream's Hardware Division), which will include a follow-on investment round and second in-progress round with the use of capital focused on ASIC R&D, including foundry services. Expanding Blockstream's Infrastructure, Layer-2 Development & Institutional Offerings Key focus areas for Blockstream will continue to include development on Bitcoin layer-2 networks such as Liquid and Lightning, self-custody solutions like Blockstream Green and Jade, including the all-new Jade Plus, and institutional-grade custody tools. Several new products aimed at creating a more streamlined and integrated user experience across Blockstream's technology stack are set to be unveiled at Bitcoin 2025 - Las Vegas in May. To meet growing institutional demand, Blockstream launched Blockstream Asset Management (BAM) in February 2025, a new division focused on developing Bitcoin investment products for pensions, endowments, foundations and other sophisticated investors. Led by recently appointed CIO Sean Bill, a thirty-year hedge fund industry veteran, BAM reflects Blockstream's strategy to deliver end-to-end Bitcoin solutions built on Blockstream's full technology stack. In January, Blockstream Capital Partners also completed a $75 million strategic investment into Komainu, a regulated digital asset custodian backed by Nomura's Laser Digital. The investment supports the integration of Blockstream's Liquid Network, Asset Management Platform (AMP) and enterprise-grade hardware security module (HSM) into Komainu's custody and off-exchange settlement systems, helping to raise the bar for institutional-grade infrastructure within the Bitcoin ecosystem. A Future Centered on Bitcoin Innovation Blockstream's long-term commitment to Bitcoin R&D remains at the heart of its vision. In November 2024, the company launched a dedicated research center in Lugano, Switzerland, focused on accelerating product development for the Liquid and Lightning networks and fostering collaboration with startups and academic institutions across Europe. To further support its global expansion, Blockstream also opened a new office in Tokyo in early 2025, strengthening its presence in Asia and expanding collaboration with partners and developers in the region. These efforts reinforce Bitcoin's role as a global financial and settlement layer, while supporting the next wave of decentralized innovation. For media enquiries, please contact Edward Moore, Blockstream Head of Public Relations ( [email protected] ) About Blockstream Founded in 2014, Blockstream is a global leader in Bitcoin and blockchain infrastructure, with offices and team members distributed around the world. Serving as the technology provider for the Liquid Network, Blockstream offers a sidechain solution that enables secure, trustless Bitcoin swap settlements and robust smart contracts, empowering financial institutions to tokenize assets efficiently. The companyʼs Core Lightning is a leading implementation of the open Lightning Network protocol, widely adopted for enterprise Bitcoin Lightning Network deployments. Blockstream Jade, an open-source hardware wallet, delivers advanced security for Bitcoin and Liquid assets in an easy-to-use form factor. Blockstream Green serves as a gateway to Blockstreamʼs cutting-edge technology suite, seamlessly integrating with Jade, Core Lightning, Bitcoin, and a rapidly-growing portfolio of tokenized assets on Liquid, offering a comprehensive solution for self-custody. View source version on CONTACT: Edward Moore Blockstream Head of Public Relations [email protected] KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES BLOCKCHAIN TECHNOLOGY CRYPTOCURRENCY OTHER TECHNOLOGY DIGITAL CASH MANAGEMENT/DIGITAL ASSETS SOURCE: Blockstream Copyright Business Wire 2025. PUB: 04/30/2025 10:00 AM/DISC: 04/30/2025 10:02 AM
