Market Catalysts anchor Julie Hyman breaks down the latest market moves for December 5, 2025. Nvidia CEO Jensen Huang compared the AI economy to a 5-layer cake. We speak with Tony Wang, T. Rowe Price Science & Technology Equity Strategy portfolio manager, about the best ways to play the artificial intelligence space. The end of the year is an ideal time to review your finances and set goals for the upcoming year. We speak with Mitlin Financial founder and "Financial Planning Made Personal" author Lawrence S ...

(Bloomberg) -- Capital Group succeeded in keeping a low profile for almost a century, not even posting a sign outside its sprawling Los Angeles headquarters to call attention to its presence, as it offered millions of investors an array of mutual funds branded with a different humdrum name.But over much of the past decade, the firm looked on while rivals reinvented themselves and the rise of passive index investing and exchange-traded funds eroded its core business. Now, insiders say the world’s biggest act ...

December is here, and markets look set for a hopeful but uncertain end to 2025. Key equity holdings, including leading megacap tech names like Nvidia (NVDA), have seen some volatility in recent weeks. Myriad factors from geopolitics to AI firm valuations to the Fed's outlook all loom over the new year. That may offer an opportunity to consider how active equity ETF exposure can help. One such strategy, TCAL, can help investor portfolios navigate that uncertainty with an extra income boost. See more: T. Rowe ...

(Bloomberg) -- Goldman Sachs Group Inc. will pay $2 billion to buy Innovator Capital Management, a deal that combines the bank with an issuer of a relatively new type of exchange-traded fund that has caught the attention and ire of some on Wall Street.Wheaton, Illinois-based Innovator — which has over $28 billion of assets under supervision across more than 150 ETFs — specializes in defined-outcome ETFs, which seek to limit investors’ downside risk in exchange for capping upside potential, and have been pop ...

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Core Insights - The European Commission (EC) is investigating potential collusion between Deutsche Börse and Nasdaq regarding the listing, trading, and clearing of certain derivatives [2] Group 1 - The investigation is reminiscent of the 2007 antitrust case involving the International Securities Exchange (ISE) [2]

Core Viewpoint - The stock market experienced a rally on Friday, but uncertainty remains about whether the selling frenzy from the previous week has concluded, with expectations for a higher opening on Monday [1] Market Performance - The past week was challenging for investors, with significant market fluctuations despite strong earnings reports from major companies like Nvidia [3] - Key market indices showed mixed results: - S&P 500: Up 1% on Friday, down nearly 2% for the week, and down 3.4% in November - Nasdaq Composite: Up 0.9% on Friday, down 2.7% for the week, and down 6.1% in November - Dow Jones Industrial Average: Up 1.1% on Friday, down nearly 1.9% for the week, and down 2.8% in November - Bitcoin: Down 2.1% on Friday, down 10.3% for the week, and down 20.5% so far in November [6] Corporate Earnings and Revenue - U.S. corporate revenues are projected to increase by 8.4% for the third quarter, potentially marking the best quarter since Q3 2022, when revenues rose by 11% [4] - Despite robust earnings, concerns arose that stock valuations may be inflated, with the S&P 500 up nearly 37% since early April, and the Nasdaq up 51% during the same period [5]

Core Insights - Active ETFs are gaining traction, with TTEQ representing a shift from passive to active management in sector investing, particularly in technology [1][2] - TTEQ's recent investment in OpenAI exemplifies its active management strategy, aiming to capture performance within the tech sector [2][4] - The flexibility of active management allows TTEQ to navigate across sectors and geographies, providing a competitive edge over passive funds [3][6] TTEQ Overview - TTEQ, managed by Dominic Rizzo, launched over a year ago and focuses on technology investments, including private companies [1][2] - The fund has achieved a year-to-date return of 26.9% and 27.3% over the past year, outperforming the Invesco QQQ Trust [7] - TTEQ charges a fee of 63 basis points for its active investment strategy, primarily targeting large-cap growth tech firms [7] Investment Strategy - TTEQ's approach includes the ability to invest in private companies, which is a unique advantage over passive ETFs [2][3] - The fund is currently in an "AI-on" mode, focusing on companies benefiting from the AI revolution, but may shift to a more defensive stance in the future [7] - Rizzo emphasizes that TTEQ is not solely an AI ETF but a broader technology ETF that adapts to market conditions [7] OpenAI Investment - The investment in OpenAI aligns with TTEQ's strategy of identifying potential aggregators in the tech space, leveraging the concept of "Aggregation Theory" [4][5] - OpenAI's extensive user base and diverse revenue streams position it as a significant player in the tech sector, with potential for rapid growth [6][5] - The fund's ability to access deal flow through private investments enhances its capacity to capitalize on emerging trends in technology [3][2]

T. Rowe Price has launched four new active fixed income ETFs, with three of those being tax-free municipal bond ETFs. Tax-free muni bond ETFs have seen increased interest in recent years, taking advantage of the ETF wrapper's strengths and flexibility compared to mutual funds. The four new ETFs, including a multisector income ETF, brings the firm's suite to 28 total strategies. Earn free CE credits and discover new strategies Load More The tax-free ETF suite launches also included the new T. Rowe Price High ...

TMSF's approach embraces much of what sets active bond ETF strategies apart from their passive peers. Where passive bond funds have to follow strict rules and maintain their weights to certain segments, active bond ETFs offer more flexibility. That flexibility doesn't just mean adapting to market headline events, either. It also means taking a fundamental research-driven, bottom-up portfolio construction approach to investing in bonds. T. Rowe Price launched four new active fixed income ETFs Thursday, addin ...