Global ETFs garner record year-to-date inflows of $124bn
Investors poured $62.9bn into exchange-traded funds in February, pushing the year-to-date global tally to $124bn, marking the fastest start of any year in the history of the ETF industry, according to data from BlackRock. (WSJ)
Snap shares soar by 41% on debut trading
Shares of Snap started trading on the New York Stock Exchange on Thursday at $24, which represents a 41% gain on the offer price of $17-per-share for the company’s $3.4bn float. The stunning debut implies a valuation of $34bn for the US social media firm, including unvested stock-based compensation. (Telegraph)
