A couple of years ago, private credit and especially BDCs ( BIZD ) were relatively unknown and not something that got frequently discussed in the media. It was mostly an institutional asset management base that transacted in the private credit field, primarily toRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in L ...

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Thrivent Financial for Lutherans cut its holdings in iShares ESG Advanced MSCI EAFE ETF (NASDAQ:DMXF – Free Report) by 89.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,730 shares of the company’s stock after selling 22,380 shares during the period. Thrivent Financial for Lutherans’ holdings in iShares ESG Advanced MSCI EAFE ETF were worth $207,000 at the end of the most recent quarter. Get iShares ESG Advanced MSCI EAFE ETF ...

Company Overview - T. Rowe Price Group, Inc. has a market cap of $20.3 billion and operates as a global investment manager serving various clients including individuals, institutions, and retirement plans [1] Stock Performance - Over the past 52 weeks, TROW shares have decreased by 12.6%, while the S&P 500 Index has returned 12.5% [2] - Year-to-date, TROW shares are down 8.5%, contrasting with a marginal gain in the S&P 500 [2] Recent Financial Results - On February 4, T. Rowe Price Group's shares fell by 5.5% following Q4 2025 results, which included weaker-than-expected adjusted EPS of $2.44 and revenue of $1.93 billion [4] - The company experienced net client outflows of $25.5 billion, with $23.2 billion attributed to equity outflows [4] - Adjusted operating expenses rose to $1.25 billion from $1.13 billion in Q3 [4] Earnings Forecast - For the fiscal year ending December 2026, analysts project T. Rowe Price Group's adjusted EPS to grow by 3.8% year-over-year to $10.09 [5] - The company's earnings surprise history is mixed, with three beats and one miss in the last four quarters [5] Analyst Ratings and Price Targets - Among 14 analysts covering T. Rowe Price Group, the consensus rating is a "Moderate Sell," consisting of nine "Hold" ratings, one "Moderate Sell," and four "Strong Sells" [5] - Morgan Stanley has cut its price target on T. Rowe Price Group to $115 while maintaining an "Equal Weight" rating, with a mean price target of $100.33 indicating a nearly 7% premium to current price levels [6] - The highest price target of $115 suggests a potential upside of 22.6% [6]

Core Insights - The State Street SPDR Portfolio MSCI Global Stock Market ETF (SPGM) and the State Street SPDR MSCI ACWI Climate Paris Aligned ETF (NZAC) represent two distinct approaches to global equity investing, with SPGM focusing on a broad market and NZAC emphasizing climate alignment [1] Cost & Size Comparison - SPGM has a lower expense ratio of 0.09% compared to NZAC's 0.12% - As of February 4, 2026, SPGM's one-year return is 23.5%, while NZAC's is 17.6% - SPGM has a total asset under management (AUM) of $1.5 billion, significantly larger than NZAC's $182 million [2][3] Performance & Risk Analysis - Over five years, SPGM experienced a maximum drawdown of -23.7%, while NZAC had a lower drawdown of -18.01% - An investment of $1,000 would have grown to $1,553 in SPGM and $1,452 in NZAC over the same period [4] Portfolio Composition - NZAC tracks an index aligned with the Paris Agreement, focusing on large- and mid-cap stocks with a total of 688 holdings, with a sector mix of 32.42% in information technology, 17.3% in financials, and 11% in industrials [5] - SPGM holds over 2,900 stocks, with a sector allocation of 24.5% in technology, 17% in financial services, and 13% in industrials, closely mirroring the global equity market [6] Investment Implications - The primary differentiator between SPGM and NZAC is NZAC's focus on environmental, social, and governance (ESG) investing, appealing to investors prioritizing sustainability [7] - While ESG investing is popular, it faces criticism regarding issues like greenwashing and higher management costs, as reflected in NZAC's higher expense ratio [8]

Core Insights - The beginning of the year highlights the importance of having a durable income investing strategy in place [1] Group 1: Company Insights - Roberts Berzins has over a decade of experience in financial management, assisting top-tier corporates in shaping financial strategies and executing large-scale financings [2] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [2] - His policy-level work includes developing national SOE financing guidelines and frameworks for channeling private capital into affordable housing [2] Group 2: Industry Insights - The development of the REIT framework and national SOE financing guidelines is aimed at boosting the liquidity and efficiency of capital markets in the Baltic region [2]

Group 1 - The article emphasizes that BDC investors are primarily yield-chasers, focusing on enhancing and diversifying current income streams, which aligns them more with value investors [1] - Roberts Berzins has over a decade of experience in financial management, aiding top-tier corporates in shaping financial strategies and executing large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to improve liquidity in pan-Baltic capital markets and has worked on national SOE financing guidelines [1] Group 2 - The article highlights Berzins' qualifications, including being a CFA Charterholder and holding an ESG investing certificate, along with his involvement in thought-leadership activities for pan-Baltic capital market development [1]

Group 1 - The focus of recent articles on business development companies (BDCs) is on identifying durable dividend payers with strong protection against falling base rates and increased credit risk [1] - Roberts Berzins has over a decade of experience in financial management, aiding top-tier corporates in shaping financial strategies and executing large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia to enhance the liquidity of pan-Baltic capital markets [1] Group 2 - Berzins has been involved in developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] - He holds a CFA Charter and an ESG investing certificate, and has experience with the Chicago Board of Trade [1] - Berzins is actively engaged in thought-leadership activities to support the development of pan-Baltic capital markets [1]

Core Insights - The article highlights the extensive experience of Roberts Berzins in financial management, particularly in shaping financial strategies for top-tier corporates and executing large-scale financings [1] - It emphasizes Berzins' contributions to institutionalizing the REIT framework in Latvia, aimed at enhancing the liquidity of pan-Baltic capital markets [1] - The article also notes Berzins' involvement in developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] Group 1 - Roberts Berzins has over a decade of experience in financial management [1] - He has significantly contributed to the institutionalization of the REIT framework in Latvia [1] - Berzins is a CFA Charterholder and holds an ESG investing certificate [1] Group 2 - He has worked on developing national SOE financing guidelines [1] - Berzins is focused on channeling private capital into affordable housing stock [1] - He is actively involved in thought-leadership activities to support pan-Baltic capital markets [1]

Company Overview - NEOS Investments is recognized as a leading firm in the covered call ETF asset management space, known for its active and innovative approach [1] - The firm has launched multiple covered call ETF vehicles in recent years, providing unique investment exposures [1] Key Personnel - Roberts Berzins has over ten years of experience in financial management, assisting top-tier corporations in shaping financial strategies and executing large-scale financings [1] - Berzins has contributed to institutionalizing the REIT framework in Latvia, aimed at enhancing liquidity in pan-Baltic capital markets [1] - His policy-level contributions include developing national SOE financing guidelines and frameworks to channel private capital into affordable housing [1] - Berzins holds a CFA Charter and an ESG investing certificate, and has experience from an internship at the Chicago Board of Trade [1] - He is actively engaged in thought-leadership initiatives to support the development of capital markets in the Baltic region [1]