With the fresh move, Vanguard has now cut Ola’s valuation three times in a row.
Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMC's regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.
A complete exit from China’s 27 trillion yuan ($3.92 trillion) fund market would come about two years after the firm said it wouldn’t pursue setting up a fund management unit, a U-turn from previous ambitious expansionary plans in the market.
Based on data from Fidelity and Vested, it seems like investors have been lapping up popular brands such as Apple, Amazon, Tesla, and Microsoft as these mega-caps have tumbled off of record highs.
John C Bogle founder of Vanguard Group also said that dividends are the best friends of stock investors.
Robo-advisors can give you an automated, personalised investment plan, pick the right funds to build your portfolio and monitor your investments, all at a fraction of the cost of a human advisor
Companies have not really understood how investors think about governance issues: Friedman
The Pimco Total Return fund, which is run by renowned bond manager Bill Gross, saw its sixth consecutive month of outflows in October, as investors withdrew USD 4.4 billion of net assets, bringing total outflows to USD 33.2 billion year-to-date.
Dell Inc postponed its meeting on CEO Michael Dell's USD 24.4 billion buyout offer to July 24, buying time to solicit more proxy votes and drum up more support despite winning shareholders at the eleventh hour.
The larger concentration of the FII money seems to be in the midcap consumer stocks. Jubilant FoodWorks, Marico, Godrej Consumer lead the race in terms of FII ownership
For the first time in the five-year history of his "Million-Dollar Bet" against the "experts" of Wall Street, Warren Buffett is now in the lead.
Facebook`s dismal initial public opening was a product of greed and dangerous investing in "fad" Internet social networks, Vanguard CEO Jack Bogle told CNBC Tuesday.