Group 1 - The core viewpoint of the articles highlights the significant shift in market dynamics due to Trump's tariff policies and geopolitical conflicts, which have disrupted initial predictions for the year, leading to poor performance of previously favored assets like the US dollar and US stocks, while European markets and emerging markets have emerged as unexpected winners [1][2][13] Group 2 - The US dollar has experienced its worst start to the year since 2005, contrary to expectations that Trump's policies would strengthen it due to anticipated inflation and reduced likelihood of Federal Reserve rate cuts [2][5] - The S&P 500 index saw a dramatic decline followed by a rapid recovery, with investor sentiment shifting significantly after Trump's decision to pause some tariffs, leading to a new historical high for the index [6][13] Group 3 - European stocks have outperformed US stocks, with the Stoxx 600 index beating the S&P 500 by 16 percentage points as of June 27, marking the best relative performance since 2016 [13] - Emerging markets have finally broken a trend of underperformance against US stocks, with a wealth increase of $1.8 trillion for shareholders in 2025, reaching a record market capitalization of $29 trillion [14] Group 4 - The Japanese yen has rebounded significantly against the dollar, with a nearly 9% decline in the dollar/yen exchange rate, reflecting a shift in market sentiment and demand for safe-haven assets [8][11] - Global bond markets are experiencing increased differentiation, with short-term government bonds performing well due to anticipated rate cuts, while long-term bonds face pressure from rising government debt [12]

贝莱德多元资产策略与解决方案基金经理Justin Christofel指出："在通胀与市场波动并存的当下，量身 定制退休计划变得尤其重要。通过兼顾资本增长、收益和风险的全球多元化投资组合，让投资者更有信 心地规划未来的退休生活。凭借贝莱德的全球研究与专业知识，此基金系列结合主动与被动策略，涵盖 股票、固定收益及另类资产，为投资者提供一站式和全面的解决方案，助其在不同的人生阶段规划退休 财务。" 今日，贝莱德宣布推出贝莱德财富领航基金系列，以满足本地零售投资者多元化的退休规划需求。基金 在首六个月独家开放给汇丰香港客户，配合个人投资目标，提供全球多元资产投资选择。贝莱德财富领 航基金系列涵盖三项全面的退休解决方案：贝莱德财富领航增长基金("增长基金")、贝莱德财富领航增 长与收益基金("增长与收益基金")及贝莱德财富领航收益基金("收益基金")。 这三款基金针对人生不同阶段的投资需求而设。增长基金适合处于职业生涯早期、以累积财富及长线复 利增长为目标的投资者；增长与收益基金为准退休人士而设，兼顾财富增值与收益；收益基金则为退休 人士提供稳定收入来源，满足提取阶段的需求。该基金由贝莱德多元资产收益基金经理Just ...

Core Viewpoint - The article emphasizes the trend of asset management companies moving towards platformization, which enhances operational efficiency and drives down fees, benefiting large, capable asset management institutions [1][2]. Group 1: Platformization in Asset Management - Asset management companies are embedding technology platforms across all business segments, including client acquisition, portfolio construction, management, and post-investment risk management [1]. - According to McKinsey's research, leading global asset management firms are actively promoting the process of platformization across various areas such as sales, marketing, investment management, and risk/compliance management [2]. Group 2: Historical Development of Platformization - The origin of platformization in asset management can be traced back to the 1980-2000 period, where risk control and pricing became the starting point for platform development [2]. - From 2000 to 2008, intensified competition in custody services led to the platformization of these services to enhance breadth and efficiency [2]. - The financial crisis from 2008 to 2015 prompted stricter regulations, which accelerated the attempts to platformize trading operations, although only multi-broker platforms survived [2]. - Since 2015, technological capabilities have differentiated various segments of asset management, promoting the comprehensive functionality of platforms and their direct client engagement [2]. Group 3: Advantages of Platformization - Distinctive platforms have emerged in various segments, such as BlackRock's Aladdin for risk control, Goldman Sachs' Marquee for pricing, and AmundiALTO for custody outsourcing, each creating core advantages in data collection, trading efficiency, and operational services [3]. - Platformization enhances overall industry efficiency, favoring large asset management institutions with strong platform capabilities, and promoting brokerage firms with competitive advantages in platformization and institutional service capabilities [3]. - The platformization of asset management drives the outsourcing and centralization of scalable segments, improving operational efficiency and leading to a decline in industry fees [3].

Michael Saylor, the tech entrepreneur who founded the enterprise software provider Strategy (formerly known as MicroStrategy), has a net worth estimated at $9.3 billion. In the past few years, his focus has shifted to Bitcoin, the world's most valuable cryptocurrency. Saylor's business is now accumulating huge amounts of the digital asset.Based on his view that Bitcoin could skyrocket to $13 million per unit by 2045, Saylor is also implying that this popular exchange-traded fund (ETF), sponsored by giant as ...

Key Takeaways BLK will offer private market access in defined contribution plans via new target date fund glidepaths. Great Gray selected BLK for its first retirement solution featuring private equity and credit exposure. BLK projects that a 5-20% private asset allocation could boost annual returns by 50 basis points.BlackRock, Inc. (BLK) aims to expand private market investments to retirement plans, marking a shift in how retirement products are structured. Great Gray Trust Company, LLC has chosen BlackR ...

Nvidia (NVDA 0.52%) has been a shining star of the artificial intelligence (AI) boom. Its 912% return since January 2023 is the second best in the S&P 500 (^GSPC 0.80%). Yet the following hedge fund managers listed sold Nvidia and bought the iShares Bitcoin Trust (IBIT -0.07%) in the first quarter:Billionaire Ken Griffin of Citadel Advisors sold 1.5 million shares of Nvidia, cutting his stake 50%. He also added 2 million shares of the iShares Bitcoin Trust, upping his position 195%.Billionaire Steven Cohen ...

BlackRock (BLK) closed at $1,030.79 in the latest trading session, marking a +1.25% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.8%. Elsewhere, the Dow gained 0.94%, while the tech-heavy Nasdaq added 0.97%. Shares of the investment firm have appreciated by 4.82% over the course of the past month, outperforming the Finance sector's gain of 2.69%, and lagging the S&P 500's gain of 5.12%.The upcoming earnings release of BlackRock will be of great interest to investors. The company ...

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (NYSE:BLK) today announced updates to the investment risk ratings of certain iShares exchange-traded funds (“iShares ETFs”), a reduction to the annual management fees of certain iShares ETFs, and the commencement of securities lending transactions of certain iShares ETFs, as further described below. Risk Rating Changes BlackRock Cana ...

TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Today, RBC iShares expands its iShares Core exchange traded fund (ETF) lineup with the launch of the iShares Core S&P Total U.S. Stock Market Index ETF (CAD-Hedged) (the ‘iShares Fund’). The iShares Fund will provide investors with broad-based exposure to the total U.S. equity market, covering large-, mid-, small-, and micro-capitalized companies. The iShares Fund is a Canadian dollar-hedged offering and complements the iShares Core S&P Total U.S. Stock Market Inde ...

Group 1 - BlackRock's Rick Rieder believes that the stock market, currently near all-time highs, can continue to rise in the second half of 2025 due to decreasing inflation driven by artificial intelligence [1] - Rieder anticipates that productivity gains from artificial intelligence will counterbalance any inflationary impacts from tariffs, viewing tariffs as a one-time adjustment rather than a persistent issue for the U.S. economy [2] - The U.S. economy is expected to avoid recession, as its growth is primarily driven by services rather than goods, which are more cyclical [2] Group 2 - Rieder's remarks come as the S&P 500 is trading less than 1% below its record high from February, despite facing macroeconomic challenges such as geopolitical tensions and higher tariffs [3] - The market is expected to overcome these challenges, according to Rieder, who maintains a positive outlook on stock performance [3]