Streetbeat News

FEEM

FlexShares Trust

Open

46.10

Mkt cap

4.6M

Volume

N/A

High

47.88

P/E Ratio

11.35

52-wk high

48.79

Low

46.10

Div yield

0.01

52-wk low

42.08

Northern Trust's FlexShares Exchange Traded Funds announced the liquidation of the FlexShares ESG & Climate Emerging Markets Core Index Fund (FEEM), set to occur around April 19, 2024. The fund will stop accepting orders for creation units on this date, and its final trading day on the NYSE Arca will be April 23, 2024. Shareholders must sell their shares by this date or receive cash equal to their shares' net asset value on the closing date, expected to be distributed by April 30, 2024. This event may be considered a taxable event for shareholders.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:03 pm

Alibaba Group Holding Ltd (NYSE:BABA) has expanded its 'five-day delivery' service to the U.S., aiming to compete more effectively with rivals like Temu and Shein. This service, offered through AliExpress and supported by Cainiao, Alibaba's logistics arm, promises U.S. customers delivery within five days. The initiative, which began in 2023, has also been extended to other regions, including Germany and France. AliExpress reported a 60% year-on-year order increase in the December quarter, while Cainiao's revenue grew by 24%. Alibaba plans to invest $1.1 billion in South Korea for a logistics center, as AliExpress's monthly active users there have doubled since 2018. Despite a 9.4% stock loss last year, Alibaba continues to focus on geographical expansion and artificial intelligence. Investors can also gain exposure to Alibaba through ETFs like FEEM and AIQ.

Portfolio Pulse from Anusuya Lahiri

March 20, 2024 | 12:13 pm

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