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Will Schmitt

ETF reporter

Will Schmitt is a reporter at the Financial Times focusing on asset management and exchange traded funds. Before joining the FT in 2023, he covered asset management for Citywire in New York City. Prior to that, he worked for the Santa Rosa Press Democrat in northern California, reporting on local government, and he was the state politics and government correspondent for the Springfield News-Leader in southwest Missouri.
Email Will Schmitt @double_you_ess  on Twitter (link opens in a new browser window)
  • Thursday, 2 January, 2025
    Do Kwon
    Ex-crypto chief Do Kwon brought to New York to face fraud charges

    New indictment adds count of money laundering to case against Terraform Labs co-founder

    Do Kwon
  • Monday, 30 December, 2024
    US equities
    US stocks drop in broad pullback as investors cash in on 2024 gains

    Traders take profits following big rise in equities this year

    Traders work on the New York Stock Exchange floor
  • Friday, 27 December, 2024
    Markets
    Tech pullback drags Wall Street stocks lower

    Citigroup warns of looming tumult at end of strong year for equities

    People walk near the New York Stock Exchange
  • Saturday, 21 December, 2024
    MicroStrategy Inc.
    MicroStrategy’s ‘financial engineering’ powers ascent to Nasdaq 100

    Convertible bonds to fund bitcoin purchases have been lapped up by investors, but some fear impact if token falls sharply

    Michael Saylor, chairman of MicroStrategy
  • Thursday, 12 December, 2024
    Exchange traded funds
    Global ETF assets soar to $15tn as shift from mutual funds gathers pace

    US leads global inflows as investors pour money into Wall Street equities

    A trader works on the trading floor at the New York Stock Exchange
  • Tuesday, 26 November, 2024
    Financial services
    Investor Ken Leech charged over alleged $600mn ‘cherry-picking’ scheme

    Former top investment officer at Franklin Templeton’s Western Asset Management is subject of criminal and civil cases

    Ken Leech
  • Sunday, 24 November, 2024
    News in-depthLeveraged loans
    Buyout shops use Trump rally to cut borrowing costs and fund dividends

    Debt deals by Blackstone, Elliott and Vista Equity Partners point to a sea change in the market

    Blackstone logo outside its headquarters in New York City, US
  • Wednesday, 20 November, 2024
    MicroStrategy Inc.
    MicroStrategy takes fundraising to $7bn for push into bitcoin

    Software maker turned crypto investor increases size of convertible bond offering to $2.6bn

    Visual representations of bitcoin
  • Saturday, 16 November, 2024
    Trump Media & Technology Group
    Roaring Donald: Trump’s Truth Social emerges as a meme stock darling

    Share price in US president-elect’s media group has been slipping despite high turnover among retail investors

    Truth Social logo
  • Monday, 11 November, 2024
    Political risk and investment
    Bitcoin, dollar and Tesla jump as investors pile into ‘Trump trades’

    Markets expect US president-elect to take light-touch approach to regulation

    A man with a backpack walks past a storefront displaying multiple bitcoin symbols and an advertisement for bitcoin ATMs in Nicosia
  • Saturday, 9 November, 2024
    Cryptocurrencies
    Binance boss hails crypto ‘golden age’ as Trump win fires up industry

    Executives expects radical shift in regulatory approach in Washington after Democrat defeat

    Robert Kennedy Jr, Donald Trump, JD Vance
  • Wednesday, 6 November, 2024
    Political risk and investment
    US stocks hit record and investors dump bonds after Trump victory

    Dollar rallies in its best day in 2 years as ‘Trump trades’ sweep through global markets

    Dollar banknotes
  • Wednesday, 6 November, 2024
    Bitcoin
    Bitcoin hits record above $75,000 as crypto industry celebrates Trump win

    Republican presidential victor has vowed to end regulatory crackdown on cryptocurrency industry

    Donald Trump speaks at a podium during the Bitcoin 2024 conference at Music City Center in Nashville. The background displays the event's logo, ‘Bitcoin 2024’
  • Wednesday, 6 November, 2024
    US dollar
    Dollar jumps as ‘Trump trades’ push US bond yields higher

    Japan’s yen and Mexico’s peso fall as jittery investors await election outcome

    A stack of $100 banknotes being counted
  • Friday, 1 November, 2024
    Political risk and investment
    Investors step up bets that US election will trigger market volatility

    Jitters sweep through bond and currency markets before presidential vote

    People stand in a long queue outside the Allegheny County Office building
  • Friday, 25 October, 2024
    New York Stock Exchange LLC
    NYSE plans to extend daily trading to 22 hours on its Arca exchange

    Prospect of longer session comes in response to increased interest in buying and selling US stocks around the clock

    Traders work on the floor of the New York Stock Exchange
  • Friday, 25 October, 2024
    Investing in funds
    Tech boom forces US funds to dump shares to avoid breach of tax rules

    Asset managers including Fidelity and T Rowe Price are bumping up against limits on size of large holdings

    Logos of major companies like Nvidia, Apple, Meta, Microsoft and Amazon with colored trend lines representing market performance
  • Tuesday, 22 October, 2024
    US dollar
    Strong US economy and ‘Trump trade’ drive dollar rally

    US currency hits highest level since August, as investors bet on growing likelihood of election victory for former president

    A child, being held by her father, holds a dollar bill
  • Friday, 18 October, 2024
    Corporate bonds
    ‘Soft landing’ bets push US corporate spreads to lowest in almost 20 years

    Fed cuts and robust economy spur ‘tremendous demand’ for US credit

  • Saturday, 12 October, 2024
    Investments
    Falling rates and growing confidence in US economy drive a bond revival

    Fixed-income ETFs see record inflows as investors seek steady returns and hedge against a stock sell-off

    The logos of Pimco, JPMorgan Chase and BlackRock, with close-ups of US dollar bills highlighted in blue in the background
  • Friday, 11 October, 2024
    Corporate bonds
    Debt investors resigned to backing private equity dividend recaps

    Fund managers wary of extra leveraged loans loaded on to companies but find few other attractive investments

    Belron’s Autoglass workshop in Aylesbury, England
  • Thursday, 10 October, 2024
    US inflation
    US inflation fell to 2.4% in September

    Figures for headline and core rates marginally surpass expectations

    Line chart showing US inflation over the past five years
  • Wednesday, 9 October, 2024
    Cryptocurrencies
    FBI creates its own crypto token to nab suspects in alleged fraud scheme

    Sting operation has already led to three arrests for ‘on-demand market manipulation’ on trading platforms

    A collection of bitcoin, litecoin and ethereum tokens
  • Monday, 7 October, 2024
    New titans of Wall Street — an FT series
    How Jane Street rode the ETF wave to ‘obscene’ riches

    A quirky and opaque New York firm has rapidly expanded to become the most profitable trader of all

    A montage of the Jane Street logo with a high-rise building and various denominations of dollar bills in the background
  • Tuesday, 1 October, 2024
    Charles Schwab
    Charles Schwab chief Walt Bettinger to retire at end of year

    Brokerage’s longtime leader will be replaced by company president Rick Wurster

    Walt Bettinger
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