ETFs and index-tracker funds from Wall Street fund managers Vanguard and BlackRock's iShares are facing considerable potential losses, CNBC Pro analysis shows.
Retail investors and pension funds are facing millions of dollars in losses on investments in Adani Group companies, CNBC Pro can reveal. New analysis shows that 951 mutual funds and ETFs worldwide have cumulatively lost more than $4.2 billion in the value of their Adani shares this year. The massive sell-off has seen the conglomerate's market cap fall over $115 billion as of Monday's close. It comes after U.S.
Emerging Markets Equity Index ETF and iShares Global Clean Energy Index ETF were excluded as market values for Adani positions were unavailable from FactSet.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Adani vs Hindenburg: Adani shares fall despite regulator interventionIndia's stock regulator tried to calm jittery investors fleeing the stock market — but even that's not helped Gautam Adani, whose companies' shares continue to take a beating
Read more »
The top 5 wealthiest people on earth after Gautam Adani lost $60 billionGautam Adani went from Asia's richest man to losing $60 billion after a scathing short-seller report. Here are the new top 5 wealthiest people on earth.
Read more »
Adani Group plans to trim its capital spending plans, Mint reportsIndia's Adani Group plans to trim its capital spending plans, newspaper Mint reported on Monday citing people close to the development, days after the conglomerate's flagship firm called off a $2.5 billion share sale.
Read more »
Indian shares set for muted start on rate fears, Adani uncertaintyIndian shares are set to open lower on Monday on a strong U.S. jobs report which renewed fears that the Federal Reserve could continue with its aggressive rate hikes to tame inflation, while the ongoing uncertainty in Adani stocks remained an overhang.
Read more »
Indonesia president warns regulator to boost supervision after Adani routIndonesian President Joko Widodo urged on Monday his country's financial regulator to strengthen supervision on capital markets in the wake of the crisis at India's Adani Group.
Read more »
FPI selling in Indian stock hits 7-month high on rich valuations, Adani routForeign portfolio investors (FPIs) offloaded Indian equities worth 288.52 billion rupees ($3.51 billion) in January, the most since June, data from National Securities Depository Ltd. showed.
Read more »