Investing

Sterling rose on Wednesday after U.K. lawmakers rejected leaving the European Union without a withdrawal agreement. The pound was up 2.1 percent against the dollar at $1.3348 as investors become more optimistic that a hard Brexit would be ruled out. That’s the biggest move since April 2017. “Our base view, and the currency is telling
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Don’t expect exchange-traded funds to go anywhere, Invesco’s head of ETFs said Monday. “We went through the dotcom bubble bursting, the credit crisis and other extreme periods of time, and ETFs have continued to grow,” Dan Draper told CNBC’s Bob Pisani. Critics of ETFs say they can lead to increased volatility. Jack Bogle, the late
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Invesco’s Kristina Hooper believes Wall Street’s preoccupation with the global growth slowdown is misguided. But she understands why there’s worry. According to Hooper, significant shifts in central banks’ monetary policies are fanning those fears instead of giving the market confidence. She suggests it’s creating more questions than answers — and that’s a problem. “I don’t
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You get what you pay for. For investors of zero-fee ETFs, the hidden cost could be large, according to one industry expert. “There’s a big risk that investors could be pennywise, pound foolish,” Ben Johnson, director of global ETF research at Morningstar, said on CNBC’s “ETF Edge” on Monday. “They’re increasingly incurring costs that are
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