FT says active and passive fund managers may need to buy USD 14.2bln of SpaceX (SPCX) stock by 4th July to neutralise benchmark exposure after index methodology changes

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[MARKET ANALYSIS] Tentative trade across fixed benchmarks awaiting US CPI

Iran's Qeshm Governor denies the earlier explosion in Qeshm (in relation to an explosion heard at 08:46 BST)

FT says active and passive fund managers may need to buy USD 14.2bln of SpaceX (SPCX) stock by 4th July to neutralise benchmark exposure after index methodology changes

Ukraine hit two Russian pumping stations; namely, Vtorovo and Lobkovo

Ares (ARES) has raised USD 8.5bln for its third Pathfinder fund focused on asset-backed debt, FT reports

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  • Estimated flows are USD 8.5bln on 19th June, USD 1bln on 26th June and USD 4.7bln on 3rd July, excluding many institutional and foreign assets.
  • Meanwhile, Barron's says there are three ways to play the IPO: selling cash-secured puts expiring within a month to buy SpaceX stock at lower prices, buying stock and selling calls 10% higher for expiries within a month or 20% higher for one- to two-month expiries, and using call spreads by buying one call and selling a higher-strike call with the same expiry.

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