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期权、单股票杠杆产品持续扩充:海外创新产品周报20250922-20250923
Shenwan Hongyuan Securities· 2025-09-23 08:17
Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Core View of the Report - The US ETF innovation products continue to expand with options and single - stock leveraged products. The flow of funds into US stock ETFs has significantly increased, and the performance of mixed - allocation products shows some differentiation. The US non - money public funds have seen certain changes in capital flows, with domestic stock funds experiencing outflows and bond products having inflows [3] Group 3: Summary According to the Directory 1. US ETF Innovation Products: Options, Single - Stock Leveraged Products Continue to Expand - Last week, there were 32 new US ETF products. BlackRock converted two over - the - counter active funds into ETFs, with an original scale of over $3 billion. The GraniteShares YieldBOOST product line expanded, and 12 single - stock leveraged products were issued. Dana launched 2 active ETFs, and there were also expansions in bond products [6][7][8] 2. US ETF Dynamics 2.1 US ETF Funds: Inflow of US Stock ETFs Amplifies - Last week, US stock ETFs re - inflowed nearly $40 billion, and asset - allocation products also had obvious inflows. iShares' S&P 500 ETF had a return flow, while factor - rotation ETFs and AI products had more inflows, and semiconductor leveraged products continued to have outflows [9][11] 2.2 US ETF Performance: Mixed - Allocation Products Show Some Differentiation - Among mixed - allocation products, Pacer's timing strategy has performed poorly this year, with PTLC based on the S&P 500 having a gain of less than 2% since the beginning of the year. Fixed - ratio products have performed relatively well, such as WisdomTree's 1.5 - times leveraged NTSX with a gain close to 16% [13] 3. Recent Capital Flows of US Ordinary Public Funds - In July 2025, the total amount of US non - money public funds was $22.57 trillion, a decrease of $0.12 trillion compared to June. From September 3rd to September 10th, US domestic stock funds had a net outflow of about $22 billion, and bond products had an inflow of about $4.8 billion [14]
美国贝莱德太霸道!俄乌冲突没结束就抢乌能源,连皇室资产也要管
Sou Hu Cai Jing· 2025-09-23 03:21
你可能不知道贝莱德这个名字,但苹果、微软、腾讯这些家喻户晓的科技巨头,背后都活跃着这家神秘资本的身影。更令人震惊的是,这家公司的资产规模 足以与中美两国的GDP相抗衡,连商业大亨李嘉诚都要对其礼让三分,乌克兰的国家资产更是被其一口吞下。 这家神秘公司究竟是何方神圣?让我们揭开它崛起的面纱,看看8位犹太人是如何在半个世纪内,打造出这个隐形金融帝国的。 故事要从贝莱德的掌舵人拉里·芬克说起。1950年代,他出生在美国一个犹太家庭,从小就对权力有着异乎寻常的执着。大学时他选择了政治学专业,梦想 从政,但随着学习的深入,他逐渐领悟到一个残酷的真相:在现实世界中,没有资本支撑,任何政治抱负都是空中楼阁。正是这份清醒的认知,让他毕业后 毅然转战金融圈。 芬克堪称金融界的天才。1980年代,他参与发明的抵押贷款支持证券(MBS)彻底改变了银行业的游戏规则。简单来说,传统银行放贷后需要等待数十年才能 收回本金,而MBS让银行可以将贷款打包转卖,快速回笼资金继续放贷。这种1元撬动10元的杠杆操作,让银行业务像滚雪球般迅速膨胀。 但风险也随之而来:银行为了追求利润,不断降低贷款门槛,甚至给毫无还款能力的人发放房贷。2008年金融 ...
X @Bloomberg
Bloomberg· 2025-09-23 02:10
Fund Formation - Neeraj Seth, former CIO at BlackRock's Asia Pacific fundamental fixed income team, plans to launch a credit hedge fund [1] - The target fund size is up to $700 million [1] Market Niche - The fund aims to operate in a niche market with few independent players [1]
When the world’s largest asset manager and the ‘bond king’ both agree — run to gold, silver and bitcoin
Yahoo Finance· 2025-09-22 23:22
You buy a $10,000 Treasury bond paying 3% interest. That’s $300 a year — what a Congress member spends on lunch. The IRS takes $75 immediately. No negotiation. No shame. They tax you for lending them money, which is like a burglar charging you for the crowbar he used on your window. You’re left with $225.Let me walk you through the actual math. Nobody in Washington wants you doing this calculation. They’d rather you scroll TikTok while they pick your pocket.Your $10,000 becomes worth $9,300 in purchasing po ...
BlackRock CEO Larry Fink said America could dodge a ‘retirement crisis’ by encouraging people to work longer
Yahoo Finance· 2025-09-22 15:21
This online platform connects you with vetted financial advisors best suited to help you develop a plan for your new wealth.If you’re unsure which path to take amid today’s market uncertainty, it might be a good time to connect with a financial advisor through Advisor.com.“But there are some parts of our economy, of our America, where actually the longevity is going down. Deaths of despair, the suicides, the opioid addiction [and] even the kinds of jobs that people have are shortening their lives.”“Not ever ...
Strive to buy Semler Scientific in merger of Bitcoin treasuries
Fortune Crypto· 2025-09-22 13:54
Newly-formed Strive Inc. agreed to acquire Semler Scientific Inc. in a deal that combines two publicly-traded Bitcoin treasury companies.The all-stock deal will see Strive buying Semler shares at roughly $90.52 apiece, a more than 200% premium to its Friday closing price of $29.18. The two firms will together own nearly 11,000 Bitcoin after the merger, according to a press release on Monday. Strive will explore ways to “monetizing” or distributing Semler’s “historically profitable diagnostics business at a ...
Sudden $200 Billion Crypto Sell-Off Sparks Fresh Bitcoin Price Crash Fears
Forbes· 2025-09-22 08:45
09/22 update below. This post was originally published on September 20Bitcoin and crypto have exploded back this year, largely thanks to BlackRock-led Wall Street adoption and U.S. president Donald Trump’s support (though fears have emerged of a bitcoin price “death spiral”).Sign up now for CryptoCodex—A free crypto newsletter that will get you ahead of the marketThe bitcoin price topped $124,000 per bitcoin last month, though its early 2025 rally has stalled in recent months, just as Tesla billionaire Elon ...
UK Watchdog Ramps Up Pace Of Crypto Approvals After Complaints
Yahoo Finance· 2025-09-22 08:30
The UK financial watchdog has accelerated its review of crypto applications, cutting approval times by two-thirds and lifting its acceptance rate after years of criticism from industry players. Since April, the Financial Conduct Authority (FCA) has cleared the registrations of five firms, among them US investment giant BlackRock and UK lender Standard Chartered, the Financial Times reported. Six other applications were rejected, refused or withdrawn, the outlet said, citing data retrieved from the agency ...
X @aixbt
aixbt· 2025-09-22 07:39
ethena owns 50% of blackrock's entire buidl fund. $1.94b position in a $3.88b pool backing ustb. when redemptions hit that fund ethena becomes the exit liquidity for everyone else. ustb works until buidl holders need dollars fast. concentration risk on concentration risk ...
华尔街稳健应对市场波澜 国际黄金坚韧彰显看涨前景
Jin Tou Wang· 2025-09-22 02:15
Group 1: International Gold Market - International gold prices experienced fluctuations, starting the week at $3644.34 per ounce, hitting a low of $3626.47, and reaching a high of $3707.00 before closing at $3684.59, resulting in a weekly gain of $40.25 or 1.1% [1] - The market showed a significant weekly volatility of $80.53, indicating active trading and investor interest [1] - The bullish outlook for gold remains strong, with expectations of further upward movement towards $3775 or higher, supported by the upper Bollinger Band [3] Group 2: Bond Market Insights - Major bond fund managers at firms like BlackRock and PGIM are maintaining specific trading strategies despite Federal Reserve policy shifts, indicating confidence in potential profits [2] - The recent interest rate cut by the Federal Reserve has led to the largest annual gain in the U.S. Treasury market since the pandemic began, reinforcing the attractiveness of mid-term bonds as a volatility hedge [2] - There is a notable divergence within the Federal Reserve regarding interest rate paths, influencing some banks to adjust their positions in the bond market [2]