The Daily Editor

SBI Mutual Fund, India’s largest fund house, has announced the launch of its latest offering, the SBI Income Plus Arbitrage Active Fund of Fund (FOF). This new open-ended scheme aims to generate regular income and capital appreciation by investing in a combination of debt-oriented and arbitrage mutual fund schemes. The New Fund Offer (NFO) is scheduled to open on April 23,

 » Read more about: SBI Mutual Fund launches new Income Plus Arbitrage Fund of Fund  »

Mutual funds have increased their stake in Adani Green Energy, Adani Energy Solutions, Adani Enterprises, AWL Agri Business, and Adani Power in March, according to data crunching by ETMutualFunds showed.

The exposure in Adani Green Energy went up by 114.51% on monthly basis,

 » Read more about: Mutual funds increases stake in Adani Green Energy and 4 other stocks in March  »

TOKYO — Global shares were trading mixed Tuesday amid global skepticism about U.S. investments and President Donald Trump’s trade war.

France’s CAC 40 dipped 0.8% in early trading to 7,225.85, while the German DAX declined 0.4% to 21,119.56. Britain’s FTSE 100 added 0.2% to 8,295.82. U.S. futures were set to drift higher with Dow futures up 0.8% at 38,647.00.

 » Read more about: Asian shares trade mixed amid investor worries after Wall Street tumble  »

• Meituan and JD.com stocks fell on Tuesday amid fierce food delivery competition in China.
• JD.com accused a rival of banning riders from accepting its orders, intensifying tensions.
• Other Chinese tech stocks like Alibaba and Tencent have seen big gains this year.

Intensifying rivalry between two of China’s tech giants in the food delivery business has battered their company stocks this year.

 » Read more about: China tech stocks are red-hot this year — but 2 are plunging as the battle for food delivery dominance intensifies  »

Over my nearly 30 years working as a financial adviser, I have seen a lot of change. For a long time, SRI stood for socially responsible investing. Some advisers and clients still call it that, and they’re certainly not wrong to continue to do so.

However, there is much more to SRI than simply being socially responsible.

 » Read more about: SRI Redefined: Going Beyond Socially Responsible Investing  »

Chinese investors have been flocking to exchange-traded funds (ETFs) tracking the price of gold, hoping to take advantage of the precious metal’s world-beating rally as stocks remain in the doldrums amid a tariff war.

The 13 mainland-domiciled gold ETFs have attracted new subscriptions of at least 7.9 billion units so far this year,

 » Read more about: Chinese gold ETFs glow as investors chase metal’s historic rise amid Trump turmoil  »

Gold price has continued to surge this year, becoming the best-performing major asset. It has soared by almost 30% and is nearing the important resistance point at $3,500. Analysts have boosted their gold forecasts, with Goldman Sachs estimating that it will hit $3,700. Some pros anticipate that gold will hit as high as $4,000 this year. 

 » Read more about: Best gold stocks and ETFs to buy as its price surges  »

 » Read more about: Should Baby Boomers Really Be Worried About the State of Social Security? Experts Weigh In  »

 » Read more about: Dow Set to Open Up After Selloff  »

JP Morgan Asset Management Executive Director Kerry Craig comments on the Dow Jones’ worst month since the Great Depression of 1932, claiming Australian investors are seeking “defensive positioning”.

“The market here is a little more insulated … a lot of the effects of the policy annulments on the US are going to have a bigger impact on the US economy,” Mr Craig communicated.

 » Read more about: Investors seek ‘defensive position’ as Dow Jones reports worst month since Great Depression  »