Wealthy donors and campus speech
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 December 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Investors poured record sums into high-yield bond exchange traded funds in November, Rishi Sunak will on Tuesday seek to face down rightwing Tory rebels by pushing ahead with his controversial Rwanda bill, and the FT’s Joshua Chaffin tells us about the wealthy donors pushing for US universities to crack down on antisemitism.
Mentioned in this podcast:
High-yield bond ETFs attract highest flows on record in November
Government to face down party rebels over Rwanda bill
The Ivy League, Wall St donors and the furore over antisemitism on campus
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | Good morning from the Financial Times. Today is Tuesday, December 12th, and this is your |
| 0:16.4 | FT news briefing. Exchange traded funds have been all the rage recently and the UK government faces a |
| 0:25.1 | crucial vote on asylum seekers today. Plus university presidents are facing a |
| 0:30.6 | lot of criticism over how they're handling anti-Semitism on campus. |
| 0:35.0 | I'm Mark Filipino and here's the news you need to start your day. The investors poured a record amount into high-yield bond ETS in November. |
| 1:00.3 | Black Rock says that these ETST.F. received about 11.5 billion dollars globally. |
| 1:05.4 | Most of that came from US listed E. T. F. |
| 1:08.4 | Last month's total crushed the previous record that was set in April 2020 and it shows that investors |
| 1:14.6 | are open to more risk. According to Black Rock it wasn't just high-yield |
| 1:18.9 | the bond EDFs that did well last month. ETFs overall globally brought in more than 127 billion |
| 1:25.0 | dollars which is almost double what they brought in in October. It's a crucial week for the UK's Prime Minister. |
| 1:35.0 | Today Rishi Sunak faces a pivotal vote in Parliament over his plans to |
| 1:42.5 | send asylum seekers to Rwanda. |
| 1:44.8 | It's part of a scheme that was agreed in 2022 |
| 1:48.2 | to deter migrants from illegally entering the UK |
| 1:51.2 | and remove those who do. A few weeks ago the UK Supreme Court |
| 1:55.4 | ruled that the government's plan was unlawful but Sunag is moving forward with a |
| 1:59.9 | revised version. The F.T.'s Anna |
| 2:02.5 | has been following the issue and she joins me now to discuss. |
| 2:05.2 | Hey Anna. |
... |
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