Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Investment Strategy - The investment approach focuses on high-quality dividend stocks and assets that provide long-term growth potential, which can significantly contribute to income generation [1]. - The strategy aims to create a balanced portfolio that captures total returns on par with the S&P index, demonstrating the effectiveness of blending growth and income investments [1].

Core Viewpoint - The Federal Reserve is expected to initiate a series of interest rate cuts starting in 2025, with projections indicating a decline that may continue into the third quarter of 2026 [2][3][4] Interest Rate Cuts and Market Expectations - The Federal Open Market Committee (FOMC) has reduced the fed funds target rate by 0.25% to a range of 4% - 4.25% [3] - Financial markets anticipate a steady decline in the fed funds rate, potentially bottoming out just below 3% by the end of 2026 [4][10] Impact on Households - Lower interest rates will affect American households in two significant ways: reduced income from investments and lower payments on loans such as mortgages [5][6] - The average yield on money market funds is currently 4.08%, which is favorable compared to the inflation rate of 3.1% [7][8] Money Market Funds Outlook - As the Fed reduces interest rates, yields on money market funds are expected to decline, potentially falling below 3% by late 2026 [9][10] - The current inflow into money market funds, which exceeds $7.3 trillion, may reverse as yields decrease [8] Yield Curve Dynamics - An inverted yield curve has led to higher yields on short-term bonds compared to longer-term bonds, driving inflows into money market funds [11] - A return to a positively sloped yield curve is anticipated, making longer-term bonds more attractive as front-end rates decline [12][14] Mortgage Market Implications - Lower interest rates are expected to facilitate cheaper borrowing, particularly for mortgage refinancing, with average 30-year mortgage rates dipping below 6.5% [16][17] - Increased mortgage refinancing activity is anticipated as homeowners take advantage of lower rates, which are more closely correlated with the 10-year Treasury yield [17][18] Overall Economic Impact - The net effect of lower interest rates is viewed positively, as they provide cheaper borrowing costs while also reducing income from short-term investments [20][21] - The favorable environment for equities and other risk assets is also a significant consideration for investors [22]

MIAMI BEACH, Fla., Sept. 17, 2025 (GLOBE NEWSWIRE) -- Thomas J. Herzfeld Advisors, Inc., an SEC-registered investment advisor, today announced the commencement of a Tender Offer by Herzfeld Credit Income Fund, Inc. (NASDAQ: HERZ) (the “Fund”). Under the terms of the Tender Offer the Fund is offering to purchase up to 5% of outstanding shares of the Fund at 97.5% of NAV. The Fund announced the Tender Offer in a press release on August 25, 2025. The Fund has offered to purchase up to 5% of the currently outst ...

本报讯(记者袁传玺)天眼查App显示，近日，河南空天产业基金合伙企业(有限合伙)成立，执行事务合 伙人为深圳国裕高华投资管理有限公司，出资额20亿元，经营范围为以私募基金从事股权投资、投资管 理、资产管理等活动。合伙人信息显示，该基金由焦作通财创新创业投资基金(有限合伙)、焦作市高质 发展股权投资基金合伙企业(有限合伙)、焦作瀚泰产业投资有限公司、深圳国裕高华投资管理有限公司 共同出资。 ...

本报讯(记者袁传玺)天眼查工商信息显示，近日，青岛华资智数产业投资基金合伙企业(有限合伙)成 立，执行事务合伙人为青岛市科技风险投资有限公司，出资额10亿元，经营范围为以私募基金从事股权 投资、投资管理、资产管理等活动。合伙人信息显示，该基金由青岛华资盛通股权投资基金合伙企业 (有限合伙)、青岛市财通项目协同引导基金合伙企业(有限合伙)、青岛市科技创新基金合伙企业(有限合 伙)、青岛市科技风险投资有限公司共同出资。 ...

Core Insights - Vanguard recommends a significant shift in asset allocation, suggesting 70% of the portfolio should be in fixed income and 30% in stocks, focusing on specific market segments [1][4]. Group 1: Expected Returns - Vanguard's analysts project U.S. equities to yield annual returns between 3.3% and 5.3% over the next decade, with growth stocks expected to return only 1.9% to 3.9% [2]. - The aggregate U.S. bond market is anticipated to return between 4% and 5% per year on average, indicating a more favorable outlook for bonds compared to equities [2]. Group 2: Valuation Concerns - The S&P 500 ETF is viewed as expensive, with a forward P/E ratio of 22.1, marking a historically high level, and the CAPE ratio has reached levels not seen since the dot-com bubble [3]. - The risk premium for equities over fixed income has diminished significantly due to sustained higher interest rates [3]. Group 3: Portfolio Composition - The TVAA model portfolio allocates 37% to the Vanguard Total Bond Market ETF, which tracks investment-grade U.S. bonds, reflecting a heavy weighting on bonds [7]. - The model also allocates 21% to international bonds, with the Vanguard Total International Bond ETF yielding 5.1% and employing a hedging strategy to mitigate foreign-exchange risk [9][10]. Group 4: Stock Selection - Vanguard's analysts favor U.S. value stocks over growth stocks, expecting value stocks to return between 5.8% and 7.8% annually, while only 11% of the stock allocation is directed towards U.S. value stocks [14]. - The Vanguard Value ETF is recommended as a suitable option for investors seeking exposure to U.S. large-cap value stocks [15]. Group 5: Investment Strategy - While Vanguard suggests a 70% allocation to fixed income, it acknowledges that equities have historically provided stronger long-term returns, advising a balanced approach for most investors [18].

Group 1 - C1 Fund Inc. is a registered closed-end investment company focused on late-stage digital-asset services and technology companies [1] - Following its initial public offering on August 7, 2025, the Fund has signed seven investment agreements within weeks [1] - The Fund targets private digital asset companies that are considered leaders in their respective fields [1]

人民财讯9月17日电，企查查APP显示，近日，青岛华资智数产业投资基金合伙企业(有限合伙)成立，出 资额10亿元，经营范围包含以私募基金从事股权投资、投资管理、资产管理等活动。企查查股权穿透显 示，该企业由青岛华资盛通股权投资基金合伙企业(有限合伙)等共同出资。 ...

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. A Breakdown of Target-Date Fund Strategies in 2025 “In the past decade, target-date collective investment trusts have been steadily gaining market share over their mutual fund counterparts. They also became the most-used vehicle in mid-2024, accounting for 52% of assets at the end of the year.” (Morningstar) How ETF Issuers Are Attracting ‘Kid-in-a-Candy-Store Money’ “Although the vast majority of ...

Core Viewpoint - Qingdao Huazi Zhishu Industrial Investment Fund has been established with a total investment of 1 billion yuan, focusing on private equity investment and asset management activities [1] Group 1 - The fund is named Qingdao Huazi Zhishu Industrial Investment Fund Partnership (Limited Partnership) [1] - The fund's investment scope includes private equity investment, investment management, and asset management [1] - The fund is co-funded by Qingdao Huazi Shengtong Equity Investment Fund Partnership (Limited Partnership) and others [1]