abrdn Emerging Markets Dividend Active ETF (AGEM) has seen unusual trading volume, which is 20× higher than its average daily volume.
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Top holding Tencent Holdings is in focus after reports highlighted its 11.4% stake in Universal Music Group, which is the target of a proposed $64 billion merger and New York relisting led by Bill Ackman’s Pershing Square, a move aimed at unlocking value at the music company. Another key position, HDFC Bank, issued several updates, including an independently assigned ESG rating, plans for its board to consider fresh capital raising via various debt instruments to support regulatory capital and infrastructure lending, and quarterly figures showing double-digit growth in advances and deposits, pointing to ongoing balance-sheet expansion despite weak technical signals in its stock.