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Mexico's Finance Ministry's top team will largely remain in their positions under President-elect Claudia Sheinbaum's administration, with only the undersecretary of expenditure, Juan Pablo De Botton, moving on to become Finance Minister of Mexico City. Sheinbaum did not specifically name the others, but it is expected that Deputy Finance Minister Gabriel Yorio will stay. Yorio is well-known among global investors and bankers for his work in sustainable bonds and markets reform. Finance Minister Rogelio Ramirez de la O will also remain in his post. [Extracted from the article]

Millennium Management, a multistrategy investment firm, is supporting a new hedge fund called Sone Capital Management, founded by former Echo Street Capital Management portfolio manager George Panos. Sone is expected to begin trading next month with over $500 million, with the majority of the capital coming from Millennium. This move is part of a growing trend among multistrategy hedge funds to seek external talent to manage their increasing assets. Millennium has previously backed other external trading groups and recently provided billions of dollars to Coatue Management's Aaron Weiner to start his own hedge fund. [Extracted from the article]

China and the US have agreed to establish a contact group to handle future financial stress events, marking a rare instance of cooperation between the two largest economies. The agreement was reached during the fifth meeting of the Financial Working Group, which was established after US Treasury Secretary Janet Yellen's visit to China last year. The exchange of key points of contact aims to facilitate quick coordination in times of financial stress or operational resilience issues. The meetings also included discussions on macroeconomic and financial stability, governance of the International Monetary Fund, and sustainable finance. [Extracted from the article]

China's central bank and the US Treasury have agreed to appoint contact people to handle future "financial stress events," marking a rare instance of collaboration between the two largest economies. The agreement was reached during the fifth meeting of the Financial Working Group, which was established after US Treasury Secretary Janet Yellen's visit to China last year. The talks covered topics such as macroeconomic and financial stability, governance of the International Monetary Fund, and capital markets issues. This meeting also included the participation of financial institutions and discussions on sustainable finance and potential areas of cooperation. [Extracted from the article]

The Riverbanks Zoo and Garden in Columbia, South Carolina, has raised $40 million through the sale of rare zoo bonds to finance various enhancements, including a gondola, hillside primate forest, and observation deck. The zoo, which attracts over 1 million visitors annually, plans to sell an additional $40 million of debt in the next few years to fund its capital plan. The new features aim to increase visitor spending and generate revenue through in-park shows and behind-the-scenes tours. While the bond offering was well-received, rising construction costs have necessitated additional fundraising to complete the projects, which are estimated to cost around $100 million. The bonds are rated Aa2 by Moody's Ratings, citing the region's large and diverse tax base and the zoo's sound financial management. [Extracted from the article]

Hong Kong tycoon Adrian Cheng, CEO of New World Development Co., believes that Hong Kong will become the top destination for family offices in the future. The city has set up the Hong Kong Academy for Wealth Legacy to promote itself as a global hub for the super-rich. Hong Kong currently has over 2,700 single family offices, with about a third managing at least $100 million in assets. The city is trying to regain its status as a global financial hub after facing Covid-19 restrictions and a crackdown on political dissent. Singapore has benefited from this situation and has become a popular base for family offices. Hong Kong has introduced tax and residency incentives to attract more money management firms, but it faces challenges such as geopolitical risks and Beijing's crackdown on billionaires. The Hong Kong academy aims to be a "super connector" for family offices and will hold a summit next month. Family offices managing over HK$240 million ($30.8 million) are exempt from profit taxes on their qualified financial investments. Hong Kong is also trying to establish itself as a top global venue for trading and storing art. Cheng is one of the heirs of a prominent real estate clan and believes that Hong Kong's advantage lies not only in its capital but also in its values. [Extracted from the article]

Chinese regulators have requested that money management firms report the duration of new bond fund products in an effort to reduce risks in the market. The China Securities Regulatory Commission has also slowed down the approval process for new bond funds and asked some fund companies to document their existing bond fund durations. The rally in Chinese government bonds has raised concerns that banks and investment funds are exposing themselves to excessive risk. Regulators are taking longer to approve new funds in an attempt to cool the market. [Extracted from the article]

Balyasny Asset Management, led by billionaire Dmitry Balyasny, is spending over $200 million to recruit senior money managers from rival hedge funds such as Point72, Citadel, and Millennium. The hires include Peter Goodwin from Point72 and Alberto Mann from Citadel, both of whom have been promised over $50 million each in potential compensation. Balyasny's hiring spree is part of an effort to fix its equities trading business and take it to the "next level." The firm, along with Citadel and Millennium, is engaged in a bidding war for experienced senior money managers, who are in high demand. [Extracted from the article]

WPP Plc, a British advertising agency, has agreed to sell its stake in communications consultancy FGS Global to KKR & Co Inc. for $775 million. This sale is part of WPP's efforts to streamline its business and invest in newer technologies. The sale will give FGS Global an enterprise value of $1.7 billion, and KKR will increase its stake in the company to about 80%. The proceeds from the sale will be used to reduce WPP's debt. FGS Global specializes in crisis management, financial communications, and government affairs. However, the deal will not boost WPP's sales growth for the year, as the company has lowered its projected sales growth due to pressure in China and the uncertain macro environment. WPP expects sales in the US to improve in the second half of the year. [Extracted from the article]

WPP Plc, a British advertising agency, has agreed to sell its stake in communications consultancy FGS Global to KKR & Co Inc. for $775 million. This sale is part of WPP's efforts to streamline its business and invest in newer technologies. The sale gives FGS Global an enterprise value of $1.7 billion, and KKR will increase its stake in the company to about 80%. WPP plans to use the proceeds from the sale to enhance its financial and management flexibility as it continues to grow its core business. However, WPP has lowered its projected sales growth for 2024 due to challenges in China and the uncertain macro environment. [Extracted from the article]

Former BlueCrest Capital Management money manager Mohit Khurana's hedge fund, Southern Ridges Macro, has cut risk after suffering losses during the recent global market rout. The fund lost an estimated 3% in three trading days, wiping out most of its earlier gains for the year. Eisler Capital's $4 billion multistrategy hedge fund also slumped almost 2% last week, erasing all its gains and sliding 1.75% for the year. Both funds were affected by the recent market turmoil, which saw trillions of dollars wiped off stocks and an unwinding of carry trades. [Extracted from the article]

ANZ Group Holdings Ltd., Australia's fourth-largest lender, has fired and suspended traders following allegations of misconduct. The bank is under investigation for behavioral conduct in its markets division and two probes into its bond dealings. ANZ has made management changes and may take action against senior executives, including CEO Shayne Elliott. The bank has hired external counsel to investigate allegations of overstating bond dealings and is facing an investigation into irregularities surrounding the sale of a government bond. Traders could face sanctions, including fines, and senior executives, including Elliott, may also face consequences. [Extracted from the article]

ANZ Group Holdings Ltd., a bank based in Melbourne, has suspended and terminated traders in response to allegations of misconduct in its bond trading division. The bank has also made management changes in its Sydney dealing room. ANZ has hired external counsel to investigate the allegations, which include overstating bond dealings to win mandates. The bank is also facing investigations into irregularities surrounding the sale of a government bond and behavioral conduct in its markets division. ANZ has acknowledged submitting incorrect bond turnover data and has apologized for its failures. The Australian Securities and Investment Commission is investigating a Treasury bond sale, but ANZ's initial analysis has not found evidence of market manipulation. [Extracted from the article]

Antipodes Partners Ltd. is set to acquire Maple-Brown Abbott Ltd., leading to the consolidation of Australian money management firms. The combined group will oversee A$18.6 billion ($12.3 billion) with the addition of Maple-Brown. The deal allows Maple-Brown to maintain its separate brand and investment teams, with its global listed infrastructure investments remaining majority-owned by its current team. This acquisition is part of a trend of consolidation among active managers in Australia, following Perpetual Ltd.'s decision to become a standalone asset manager. [Extracted from the article]

Australia's corporate regulator, the Australian Securities and Investments Commission (ASIC), has established a specialized unit to focus on private markets. The move comes as concerns persist about valuations in the sector. ASIC Chair Joe Longo stated that private markets are a top priority and that the regulator aims to ensure a level playing field between private and public markets. The lack of transparency in private markets has raised concerns about misconduct, conflicts of interest, poor valuation practices, and investor deception. The scrutiny of asset valuations and liquidity management practices has intensified as money management firms increase their holdings of unlisted assets. Australia's pensions industry, which is the fastest-growing retirement savings pool globally, has been investing heavily in private markets. ASIC is examining whether Australia's regulatory settings are influencing investor behavior and capital raising. [Extracted from the article]

The National Audit Office has warned that England's National Health Service (NHS) is at a breaking point and requires additional funding to prevent further deterioration. The report highlights chronic problems resulting from a decade of underinvestment by the Conservatives compared to long-term trends. The NAO emphasizes the need for a new preventative approach to healthcare, as the current system will become more expensive and larger without it. Labour's immediate challenges include addressing the 7.6 million-long patient waiting list and the £11.6 billion maintenance backlog for the hospital estate. The NAO also raises concerns about the long-term pressures on the NHS due to an aging population and increasing demand for care. The watchdog questions the current plans to tackle the crisis and urges the government to focus on preventing serious ill health by addressing wider social and economic factors. [Extracted from the article]

The fate of Indonesia's bond market is uncertain as investors await the appointment of President-elect Prabowo Subianto's finance minister. Investors believe that a technocrat like the current finance minister, Sri Mulyani Indrawati, will be crucial in avoiding a costly increase in yields. Indrawati has been praised for her tight control on spending and efforts to reduce the deficit. However, concerns have arisen over Prabowo's plans to increase spending and potentially scrap the deficit ceiling. The appointment of the finance minister will be closely watched by investors for indications of the government's commitment to fiscal discipline. [Extracted from the article]

ANZ Group Holdings Ltd. has been accused of overstating the value of government bonds it traded by over A$50 billion ($34 billion) in a one-year period, according to the Australian Financial Review. The lender informed the Australian Office of Financial Management (AOFM) that there was an error in the reported turnover data. ANZ has acknowledged the potential issue and is reviewing its internal processes. This comes as the Australian Securities and Investments Commission (ASIC) is investigating ANZ over the execution of a government bond sale last year. ANZ was also absent from Australia's first green bond sale in June. [Extracted from the article]

ANZ Group Holdings Ltd. has been accused of overstating the value of government bonds it traded by over A$50 billion ($34 billion) in a one-year period, according to the Australian Financial Review. The lender has admitted to a potential issue in its bond trading data reporting processes and has notified the Australian Securities and Investments Commission and the Australian Office of Financial Management. This revelation comes as ASIC is investigating ANZ over concerns of manipulation in a government bond sale. The discrepancy in turnover data was discovered by a trader hired by ANZ last year. [Extracted from the article]

ANZ Group Holdings Ltd. has been accused of overstating the value of government bonds it traded by over A$50 billion ($34 billion) in a one-year period, according to the Australian Financial Review. The lender admitted to a potential issue in its bond trading data reporting process and has notified the Australian Securities and Investments Commission and the Australian Office of Financial Management. This development comes as the ASIC investigates ANZ over concerns of manipulating the sale of government debt. ANZ has not yet responded to requests for comment. [Extracted from the article]

Brazilian assets experienced a rally after Finance Minister Fernando Haddad announced spending cuts aimed at meeting the country's fiscal goals. The announcement was well-received by investors, with swap rates falling and the Brazilian real strengthening. President Luiz Inacio Lula da Silva approved the plan and emphasized the need to comply with the country's fiscal framework. While the announcement provided temporary relief, markets still anticipate further action to ensure long-term fiscal sustainability. [Extracted from the article]

China's central bank's plan to borrow bonds is expected to slow down the rally in bond prices, but not reverse the demand for debt. Analysts believe that the move may instead put a floor on yields and keep them within a certain range. The People's Bank of China has been trying to cool down the bond market for months, and the borrowing of notes is seen as a longer-term plan for better liquidity management. The lack of alternative investment opportunities and pessimism towards the Chinese economy have driven investors into bonds. [Extracted from the article]

China's central bank's plan to borrow bonds is expected to slow down the rally in bond prices, but not completely halt it, according to analysts. The move by the People's Bank of China (PBOC) is likely to put a floor on yields and keep them within a certain range. The PBOC has been trying to counter the bond rally for months and may sell some of its own holdings to cool down the market. Chinese sovereign bonds have been boosted by pessimism towards the economy and expectations of further interest rate cuts. The lack of alternative investment opportunities has also driven investors towards bonds. [Extracted from the article]

The People's Bank of China (PBOC) has announced that it will borrow government bonds from primary dealers, indicating a potential plan to sell securities in order to cool down a market rally. This decision comes after careful observation and evaluation of the current market situation. China's benchmark sovereign yields had dropped to a record low earlier, prompting the central bank to consider bond-selling. The PBOC's move to borrow bonds may be an attempt to stabilize long-term bond rates and prevent interest rate risk. [Extracted from the article]

The People's Bank of China (PBOC) has announced that it will borrow government bonds from primary dealers, indicating a potential plan to sell securities in order to cool down a market rally. This decision comes after careful observation and evaluation of the current market situation. China's benchmark sovereign yields recently dropped to a record low, prompting investors to purchase bonds due to pessimism about the domestic economy. The PBOC's move to potentially sell bonds has caused bond prices to retreat. The central bank's intentions for buying or selling bonds are still unclear, and market watchers have debated whether this is an attempt to cool the market or a long-term plan for better liquidity management. The PBOC's potential bond-selling operations may not significantly increase long-term yields due to weak economic fundamentals. [Extracted from the article]

The People's Bank of China (PBOC) has announced that it will borrow government bonds from primary dealers, indicating a potential plan to sell securities in order to cool down a market rally. This decision comes after careful observation and evaluation of the current market situation. China's benchmark sovereign yields had dropped to a record low earlier, prompting the central bank to consider bond-selling. The PBOC's move to borrow bonds may be an attempt to stabilize long-term bond rates and prevent interest rate risk. [Extracted from the article]

Junior bankers on Wall Street are experiencing high levels of stress and long working hours, with some working up to 100-hour weeks. Trainees and deputy managers, known as staffers, are feeling the strain as banks have fewer employees and increased ambitions for new mandates. The workload is testing the promises made by banks to protect the health of junior bankers, and some are resorting to inflating or understating their hours to avoid breaching limits. The culture in banking is not keeping up with the needs of junior bankers, and the pressure is taking a toll on their mental and physical health. [Extracted from the article]

Brazilian markets experienced further losses due to concerns about President Luiz Inacio Lula da Silva's commitment to improving the country's fiscal accounts. Traders sold off the Brazilian real and increased interest rate swaps, indicating expectations of a central bank interest rate hike. The decline in the real was triggered by new data showing a larger-than-expected budget deficit in May, as well as a rebalancing of JPMorgan Chase & Co.'s bond index. Analysts are skeptical about Finance Minister Fernando Haddad's ability to eliminate the primary fiscal deficit, and Lula's criticism of the central bank has also unsettled investors. [Extracted from the article]

Brazilian markets experienced losses due to concerns about President Luiz Inacio Lula da Silva's commitment to improving the country's fiscal accounts. Traders sold off the Brazilian real and increased interest rate swaps, indicating expectations of a central bank interest rate hike. The market decline was triggered by new data showing a larger-than-expected budget deficit in May and a lower-than-forecast jobless rate. Analysts have become skeptical about Finance Minister Fernando Haddad's ability to eliminate the primary fiscal deficit, and Lula's criticism of the central bank has further unsettled investors. [Extracted from the article]

Quant Mutual Fund, a prominent asset management firm in India, is facing a regulatory probe by the Securities and Exchange Board of India (SEBI) over alleged front-running trades by its employees. The firm has experienced significant growth in recent years, with assets increasing almost 400-fold and generating returns of 560%. However, the probe has raised concerns among investors, as similar cases in the past have led to redemptions and a decline in the performance of other money managers. The outcome of the investigation could have a significant impact on Quant Mutual Fund and its founder, Sandeep S Tandon. [Extracted from the article]

Quant Mutual Fund, a prominent asset management firm in India, is facing a regulatory probe into alleged front-running trades by its employees. The Securities and Exchange Board of India is reviewing the matter, which has raised concerns among investors and could potentially lead to redemptions. Quant Mutual Fund has experienced significant growth in recent years, using computer models to generate high returns. However, the probe threatens to undermine its success and reputation. The outcome of the investigation is expected to take several months, and the firm may need to revamp its risk management systems and hire more experienced staff. [Extracted from the article]

Quant Mutual Fund, a star quant fund in India, is facing a regulatory probe by the Securities and Exchange Board of India (SEBI) over alleged front-running trades by its employees. The fund has experienced significant growth in recent years, with assets increasing almost 400-fold. However, the probe has raised concerns among investors, as similar cases in the past have led to redemptions and a decline in the performance of other money managers. The outcome of the investigation could have a significant impact on the fund and its founder, Sandeep S Tandon. [Extracted from the article]

Quant Mutual Fund, a Mumbai-based firm that manages about $11 billion, is facing a regulatory probe by the Securities and Exchange Board of India (SEBI) over alleged front-running trades by its employees. This investigation has raised concerns among investors, as similar cases in the past have led to significant redemptions and negative impacts on other money managers. Quant Mutual Fund has experienced rapid growth in recent years, using computer models to generate high returns. The outcome of the probe could have significant implications for the firm and its investors. [Extracted from the article]

India's securities regulator is investigating Quant Mutual Fund, one of India's fastest-growing mutual funds, for alleged front-running. The probe is part of India's efforts to regulate its booming stock markets. Front-running, the trading of stocks based on insider information, is illegal in India. The investigation could have an impact on market sentiment and the value of smaller stocks held by the mutual fund. Quant Mutual Fund has stated that it will cooperate fully with the regulator's review. [Extracted from the article]

Iron ore prices have dropped to an eight-week low, falling below $110 a ton, due to concerns over Chinese demand. This decline is part of a broader trend of industrial metals facing pressure from worries about China's recovery and the possibility of Federal Reserve interest rate cuts. Rising inventories in China have been cited as evidence of weak consumption, and the ongoing crisis in China's real estate market is also impacting the steel industry. Iron ore futures in Singapore have fallen 0.8% to $106.55 a ton, their lowest level since April 11. [Extracted from the article]

Australia has issued its first sovereign green bond, attracting significant investor interest due to the nation's credible framework and plans for future debt issuance. The bond received over three times the amount of demand compared to its maturing debt, indicating investors were willing to pay a premium for green debt. This comes as governments and corporations increasingly turn to sustainable finance markets for cheaper funding costs. Australia's green bond proceeds will be used for its energy transition, excluding nuclear power, and the government's green bond framework aligns with international norms. However, Australia's carbon emissions and emission reduction policies have been criticized for being insufficient in meeting its Paris Agreement obligations. Despite this, the issuance is seen as a positive step towards a successful transition. [Extracted from the article]

Billionaire Mukesh Ambani's Jio Financial Services has launched a new super-app called JioFinance in India, which will offer digital banking, payment services, and insurance-related services. The company plans to expand into mutual fund loans and mortgage lending as well. This move comes as rival Adani Group is reportedly considering expanding into e-commerce and payments. Aditya Birla Capital and Google and Amazon already operate mobile apps for payments in India, but with limited services. Jio Financial has also partnered with Blackrock Inc. for wealth management and brokerage services. [Extracted from the article]

Billionaire Mukesh Ambani's Jio Financial Services has launched a new super-app called JioFinance in India, which will offer digital banking, payment services, and insurance-related services. The company plans to expand into mutual fund loans and mortgage lending as well. This move comes as rival Adani Group is reportedly considering expanding into e-commerce and payments. Aditya Birla Capital and Google and Amazon already operate mobile apps for payments in India, but with limited services. Jio Financial has also partnered with Blackrock Inc. for wealth management and brokerage services. [Extracted from the article]

The University of California system attempted to refinance some of its debt through a bond offering, but faced opposition from current bondholders who hired a law firm to threaten a lawsuit. This situation highlights the larger issue of the decline of a financing program called Build America Bonds (BABs), which was created to stimulate the US economy after the 2008 financial crisis. BABs were an alternative to traditional municipal bonds, offering a higher rate of return but without the tax breaks. However, the federal government reduced the annual subsidy for BABs, leading many borrowers to seek refinancing options. Some issuers have taken advantage of an extraordinary redemption provision to buy back their bonds, while others have hesitated due to concerns about investor relationships. The future of similar financing programs remains uncertain. [Extracted from the article]

ANZ Group Holdings Ltd. is under investigation by Australia's markets regulator, the Australian Securities and Investments Commission (ASIC), for its handling of a government bond sale. The investigation is focused on ANZ's role as a risk manager in the issuance of 10-year Treasury bonds by the Australian Office of Financial Management. ANZ has stated that it is cooperating fully with ASIC. The bank's stock fell slightly following the news. ANZ has been a major player in debt issuance in Australia, participating in 14 out of 26 bank-arranged deals since 2011. [Extracted from the article]

(Bloomberg) -- ANZ Group Holdings Ltd. said Australia's regulator is investigating the firm's execution of a government bond issuance last year.The bank said the inquiries relate to the issuance of 10-year Treasury bonds by the Australian Office of Financial Management, according to a statement from ANZ Group Monday."ANZ takes compliance with its regulatory obligations seriously and is co-operating fully with ASIC," the bank said in the statement.©2024 Bloomberg L.P.By Harry BrumptonReported by Author [Extracted from the article]

ANZ Group Holdings Ltd. has announced that Australian regulators are investigating the bank's handling of a government bond sale. The investigation by the Australian Securities and Investments Commission (ASIC) is focused on the issuance of 10-year Treasury bonds by the Australian Office of Financial Management. ANZ has stated that it is fully cooperating with ASIC and takes its regulatory obligations seriously. The Australian Financial Review has reported concerns that traders manipulated the sale of government debt, but ASIC has not commented on the matter. ANZ has previously faced accusations of rigging the benchmark bank bill swap rate, resulting in significant fines. [Extracted from the article]

Private equity firm KKR & Co. has been using asset-backed securities to finance a portion of its investments in its own funds. The firm sells a portion of its stakes in existing funds through collateralized fund obligations (CFOs), which are then sold through private deals to insurers, including some owned by KKR. This strategy allows KKR to raise additional cash to invest in new funds and aligns with the trend of fund managers investing more capital alongside clients. KKR's use of CFOs is not publicly discussed, but it has been mentioned in the firm's annual reports. [Extracted from the article]

First Sentier Investors, an Australian asset manager owned by Mitsubishi UFJ Financial Group, has announced plans to close investment funds worth $9 billion and return the money to investors. The closure of four investment teams focusing on Australian fixed income, global credit, equity income, and emerging companies is a response to the squeeze being experienced by fund managers in Australia. The country's pension industry is increasingly bringing investment functions in-house or opting for flat-fee structures, impacting asset management firms. First Sentier intends to focus on differentiated investment offerings and capabilities most relevant to its clients in order to grow its business. [Extracted from the article]

Morgan Stanley has hired Min Huang, a former Credit Suisse banker, to lead its China investment management division. The move is part of the US firm's efforts to expand its product offerings and attract funds from high net worth and institutional investors in China. Morgan Stanley has been restructuring its money management business in China since gaining full ownership of a joint venture with its local partner. Huang's role will involve expanding the business through qualified domestic limited partnerships, which allow foreign and local asset managers to raise money in Chinese currency for overseas investments. [Extracted from the article]

Morgan Stanley has hired Min Huang, a former Credit Suisse banker, to lead its China investment management division. The move is part of the US firm's efforts to expand its product offerings and attract funds from high net worth and institutional investors in China. Morgan Stanley has been restructuring its money management business in China since gaining full ownership of a joint venture with its local partner. Huang's responsibilities will include expanding the business through qualified domestic limited partnerships, which allow foreign and local asset managers to raise money in Chinese currency for overseas investments. [Extracted from the article]

Moody's Ratings has lowered its outlook on the Maryland Transportation Authority due to the uncertainty surrounding the costs and funding of the Francis Scott Key Bridge replacement project. The bridge, which collapsed on March 26 after a cargo ship collided with it, was a major commuter route in Baltimore. The Biden administration is urging Congress to fully fund the bridge's reconstruction, but the House Freedom Caucus has released a series of demands before offering support. Moody's has maintained an Aa2 rating on the authority's revenue bonds and expects that toll revenue will be recaptured through traffic diversion to other MDTA-owned tunnels. [Extracted from the article]

Dunkirk, New York, a city of about 13,000 people, has had its credit rating downgraded by S&P Global Ratings due to financial risks. The city is seeking state help to address operating and capital fund deficits. S&P withdrew its newly assigned BBB- rating because city officials have not provided timely, audited results. The outlook for Dunkirk is negative, and the city is requesting approval for an $18.5 million bond to eliminate deficits. If changes are not made soon, the city could run out of funding in May. [Extracted from the article]

The former JPMorgan Chase & Co. banker is betting that the 74 million people who, like him, voted for Donald Trump are mad about it, too-mad enough to buy shares of his company's exchange traded funds, which invest in companies Grant and his colleagues deem unwoke. Keywords: 0857564D; 5125Z; BAC; BLK; C; COST; CVX; DIS; DWAC; FB; GME; GOOGL; GS; KO; NKE; PE25197; TWTR; VOO; XOM; ALLTOP; BIZWEEK; BON; BUSINESS; CMD; COS; DIGITALCUR; ETF; EXE; FIN; FRX; GEN; GENTOP; GOV; INDUSTRIES; LIFESTYLE; MARKETS; MED; NORTHAM; NRG; POL; STK; TEC; TECSVC; TMT; TOP; US; WEALTH; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 0857564D 5125Z BAC BLK C COST CVX DIS DWAC FB GME GOOGL GS KO NKE PE25197 TWTR VOO XOM ALLTOP BIZWEEK BON BUSINESS CMD COS DIGITALCUR ETF EXE FIN FRX GEN GENTOP GOV INDUSTRIES LIFESTYLE MARKETS MED NORTHAM NRG POL STK TEC TECSVC TMT TOP US WEALTH WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU Politics and investing don't normally mix. [Extracted from the article]