Sweden’s Northvolt lands BMW deal in boost before fund raising By Reuters

2/2 © Reuters. Paris Auto Show 2/2 By Esha Vaish STOCKHOLM (Reuters) – Sweden’s Northvolt has secured a partnership with German carmaker BMW (DE:) and is seeking more funds from the European Investment Bank (EIB) to help its plans to build Europe’s largest battery factory. The firm’s new plant is seen as central to Europe’s effort to compete with Asian rivals such as CATL (SZ:), Samsung (KS:) and LG Chem (KS:), which have gained a lead in the battery market by locking in supply deals with carmakers. Northvolt said on…

Research Affiliates: Ignored Risks Of Factor Investing

Key Points The risks of factor investing are usually understated (perhaps, severely so), and the diversification benefits tend to be overstated. Because factor returns substantially deviate from normality and because correlations between factors are not constant over time, a multi-factor portfolio may retain exposure to the risk drivers of the individual factors. Thus, portfolios invested in multiple factors may still experience severe drawdowns and decade-long periods of underperformance. Factor investing, for patient investors who understand the risks, has the potential to improve a portfolio’s long-term risk-adjusted return, especially when strategies…

Alibaba’s Jack Ma to open institute for tech entrepreneurs in Indonesia By Reuters

© Reuters. Alibaba Group co-founder and Executive Chairman Jack Ma gestures during a seminar at the International Monetary Fund – World Bank Annual Meeting 2018 in Nusa Dua By Gayatri Suroyo NUSA DUA, Indonesia (Reuters) – Jack Ma, executive chairman of China’s Alibaba (NYSE:) Group Holding, said on Saturday he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce. Ma did not say when the Jack Ma Institute of Entrepreneurs would launch, but said the…

ETF Of The Week: ‘EWZ’ Up On Brazil Vote

This has been a busy week for the markets. Price action, asset flows in and out of various segments, bond yields, you name it, things were on the move. One particular spot stood out: Brazil. The economically and politically embattled South American country—one that has made countless headlines about corruption scandals involving every level of the government—went to the polls on Sunday, Oct. 7, to elect a new president. That vote yielded a significant lead for far-right candidate Jair Bolsonaro, who now battles the second-most-popular candidate, left-leaning Fernando Haddad, for…

Behind A Disruptive Index Provider

EQM Indexes is a small, young, woman-owned index shop behind some of the market’s most disruptive benchmarks and ETFs. The firm’s lineup of indices underly funds such as the Amplify Online Retail (IBUY), the Brand Value ETF (BVAL), and the Tactile Analytics ETF (ARVR). Leading the push to break new ground in the index front is Jane Edmondson, co-founder and CEO of the three-year-old firm, and a former portfolio manager and quant. Edmondson offers here a look into the art and science of creating a new index. ETF.com: How did…