It has been about a month since the last earnings report for MSCI (MSCI) . Shares have added about 5% in that time frame, underperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is MSCI due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.How Have Estimates Been Moving Since Then?It turns out, estima ...

Group 1 - BlackRock's stake in Meituan-W decreased from 6.15% to 5.92% on May 15 [1]

智通财经5月21日电，香港交易所信息显示，贝莱德在中国人寿的持股比例于05月15日从5.97%升至 6.02%，平均股价为15.7760港元。 ...

Group 1 - BlackRock's stake in ZTE Corporation decreased from 6.82% to 5.88% as of May 15 [1]

Group 1 - The BlackRock Capital Allocation Term Trust (NYSE: BCAT) has approximately $1.6 billion in assets under management and employs a modest leverage of around 5% [1] - The trust's discount to net asset value has narrowed to 3.31% following significant activist pressure [1] - Bram de Haas, with 15 years of investing experience and over 5 years managing a Euro hedge fund, utilizes risk management skills to identify lucrative investments based on special situations [1]

Core Viewpoint - Foreign-funded public funds are facing challenges in the bond fund sector, with a significant number of their products experiencing scale shrinkage and underperformance in returns [1][6][7]. Group 1: Market Overview - As of May 19, the total number of bond funds in the market exceeded 3,800, with a total scale surpassing 10.1 trillion yuan [1]. - Foreign-funded public funds have only 73 bond funds with a combined scale of approximately 117.9 billion yuan, accounting for about 1.17% of the total market [1][2]. Group 2: Product Performance - The Fidelity China Bond 0-2 Year Government Bond Fund faced significant redemptions, dropping from an initial scale of 2.4 billion yuan to 30 million yuan within eight months [1][3]. - Many foreign-funded bond funds, despite initial successful fundraising, have struggled to maintain their scale, with some funds shrinking significantly post-launch [3][4]. Group 3: Challenges Faced - Foreign-funded public funds are at a disadvantage in channel resources and face challenges in product differentiation due to market homogenization [2][6]. - The local adaptation of foreign-funded funds in the Chinese market is limited, affecting their ability to meet local investor needs [6]. Group 4: Performance Metrics - The average yield of foreign-funded public bond funds is 0.47%, underperforming the overall market average of 0.63% [7]. - Over 40% of foreign-funded bond funds have failed to outperform their performance benchmarks since inception [7]. Group 5: Market Trends - The bond fund market has seen a contraction, with a reduction of nearly 482 billion yuan in total scale by the end of the first quarter of 2024 [8].

智通财经5月20日电，香港交易所信息显示，贝莱德（BlackRock）在友邦保险的持股比例于05月14日从 5.89%升至6.04%。 ...

智通财经5月20日电，香港交易所信息显示，贝莱德（BlackRock）在招商银行的持股比例于05月14日从 5.11%降至4.97%。 ...

Group 1 - BlackRock's stake in AIA Group has decreased from 6.01% to 5.88% as of May 13 [1]

Group 1 - BlackRock's stake in Ping An Insurance increased from 5.83% to 6.01% on May 12 [1]