Group 1 - The core point of the announcement is the resignation of Zhang Yafei, the Deputy General Manager of China Merchants Securities Asset Management Co., Ltd., due to personal reasons [1][2][3] - The resignation took effect on December 1, 2025 [3] - The announcement was made in accordance with the regulations of the "Publicly Raised Securities Investment Fund Information Disclosure Management Measures" and the "Supervision Management Measures for Directors, Supervisors, Senior Management Personnel and Practitioners of Securities Fund Management Institutions" [2]

Core Viewpoint - Fundstrat Global Advisors' Managing Partner and CIO Tom Lee maintains a bullish outlook for the S&P 500, predicting it could reach between 7,200 and 7,300 by year-end despite early December volatility [1][5]. Market Conditions - Lee attributes his positive forecast to favorable Federal Reserve policies and historical seasonal trends, marking the end of quantitative tightening (QT) as a pivotal moment for market liquidity [2][3]. - The conclusion of QT, which has been a headwind since April 2022, is expected to shift the monetary backdrop from tightening to easing, with potential interest rate cuts anticipated [3]. Economic Outlook - Lee suggests that the weakening inflation narrative allows the Fed to cut rates to support a resilient labor market, despite recent data challenges [4]. - The November market reset, which saw a reduction in leverage from high-risk trades, is viewed as a healthy foundation for a year-end market surge [4]. Investor Behavior - Lee predicts that investors who were overly cautious will engage in "performance chasing" as seasonal tailwinds emerge, potentially driving the S&P 500 up by an additional 5% to 10% [5]. Cryptocurrency Market - While optimistic about equities, Lee has adjusted his timeline for cryptocurrency, expecting Bitcoin to reach new all-time highs by the end of January rather than December, following a broader recovery in risk assets [6]. Recent Market Performance - The S&P 500 and Nasdaq 100 indices experienced declines at the start of December, with the SPDR S&P 500 ETF Trust down 0.46% and the Invesco QQQ Trust ETF down 0.34% [7].

Core Viewpoint - The article discusses the performance of "fixed income + equity" financial products set to mature in October 2025, highlighting the average annualized yield and the standout performance of specific products, particularly from Ping An Wealth Management [4][5]. Group 1: Product Performance - In October 2025, a total of 66 "fixed income + equity" products from 9 wealth management companies are set to mature, with an average annualized yield of 2.97% [4]. - The top-performing product, "Qiyuan Xiashu Closed No. 2," from Ping An Wealth Management, boasts an annualized yield of 4.76%, making it the only product in this category to exceed 4% [4][5]. Group 2: Investment Strategy - The "Qiyuan Xiashu Closed No. 2" product primarily invests in fixed income assets, with at least 80% allocated to debt instruments, supplemented by convertible bonds and ETF strategies to enhance overall yield [5][7]. - The product employs a machine learning quantitative trading model to capture capital gains, aiming for faster trading responses and yield enhancement [7][8]. Group 3: Series Overview - The "Qiyuan" series is part of Ping An Wealth Management's "Qiyuan Four Seasons" product line, which targets absolute returns through a combination of various strategies tailored to different market conditions [8][9]. - The series includes sub-series focusing on different asset strategies, such as commodity, convertible bonds, and overseas interest rates, aiming to provide a balanced risk-return profile [8][9]. Group 4: Company Strategy - Ping An Wealth Management emphasizes a multi-asset, multi-strategy investment management model, aiming to enhance its asset allocation capabilities and achieve an average annualized yield of 3.46% over the past three years, positioning itself among industry leaders [9]. - The company has recently upgraded its product branding to "An+Xin Stable and Far-reaching," reflecting its commitment to providing stable, liquid, and value-adding financial products for investors [9].

专题：2025分析师大会：资本市场"奥斯卡"启幕 11月28日，2025分析师大会重磅启幕，百位行研首席、公私募掌舵人、权威学者齐聚一堂，共寻穿越周 期的投资真谛。东方红资管总经理成飞出席2025分析师大会暨第七届新浪财经金麒麟分析师盛典。 成飞 东方红资管总经理 责任编辑：石秀珍 SF183 专题：2025分析师大会：资本市场"奥斯卡"启幕 11月28日，2025分析师大会重磅启幕，百位行研首席、公私募掌舵人、权威学者齐聚一堂，共寻穿越周 期的投资真谛。东方红资管总经理成飞出席2025分析师大会暨第七届新浪财经金麒麟分析师盛典。 成飞 东方红资管总经理 责任编辑：石秀珍 SF183 ...

Group 1: Goldman Sachs Acquisition - Goldman Sachs has announced a definitive agreement to acquire Innovator Capital Management for approximately $2 billion in cash and stock, significantly expanding its presence in the ETF market, particularly in the defined-outcome ETF category [3][7] - The acquisition will increase Goldman Sachs Asset Management's ETF assets under management from $51 billion to $79 billion, positioning it among the top 10 active ETF providers [3][7] - The deal is expected to close in the second quarter of 2026 and will include a Bitcoin-linked ETF, indicating a strategic pivot towards crypto-related financial products [3][7] Group 2: Disney CEO Succession - The Walt Disney Company is in the final stages of its search for a successor to CEO Bob Iger, with an announcement anticipated in early 2026 [4][7] - The board, led by newly appointed chairman James Gorman, is considering both internal and external candidates, including Andrew Wilson, CEO of Electronic Arts [4][7] - This extensive search aims to ensure a smooth transition and avoid past succession challenges, with Iger willing to guide his successor [4][7] Group 3: Hong Kong Stock Market - Hong Kong's stock market has reached a two-week high, driven by an optimistic outlook for 2026 from institutions like HSBC Asset Management and UBS, which predict strong stock performance due to improved earnings [5][7] - Technology stocks have been a significant driver of this advance, benefiting from a calming in mainland Chinese markets and expectations of a U.S. interest rate cut [5][7] Group 4: Bank of Korea's Inflation Oversight - The Bank of Korea has maintained its benchmark interest rate at 2.5% while intensifying oversight on pricing to combat persistent inflation [8][7] - Deputy Governor Kim Woong emphasized the need for close monitoring due to uncertainties from U.S. tariff policies, global oil price volatility, and geopolitical tensions [8][7] - Inflation is projected to remain stable around the 2% level, but external factors pose significant risks [8][7] Group 5: China-Europe Business Relations - European businesses continue to engage with China despite concerns over competitive practices and market access, particularly in high-tech sectors [6][7] - Europe aims to protect its industries and assert digital sovereignty, while recognizing the potential for cooperation in areas like green development [6][7]

Core Insights - Rithm Capital Corp. has successfully completed the acquisition of Crestline Management, L.P., which is a significant move in its strategy to enhance its asset management platform [1] Group 1: Acquisition Details - The acquisition of Crestline is aimed at building an integrated and diversified asset management platform [1] - This strategic move is intended to deliver differentiated investment offerings to both institutional and private wealth investors [1] Group 2: Strategic Implications - The combination of Rithm, Crestline, and Sculptor will result in over 200 investment strategies being offered [1]

Group 1 - GCM Grosvenor Inc. (GCMG) appears to be a potentially attractive investment based on its EV/AUM multiples, which are comparable to St. James's Place but at a lower cost [2] - The Valkyrie Trading Society is a team of analysts focused on high conviction and obscure developed market investment ideas that are expected to yield non-correlated and outsized returns in the current economic climate [2] - The Value Lab offers a portfolio with real-time updates, 24/7 chat support, regular global market news reports, feedback on member stock ideas, new trades monthly, quarterly earnings write-ups, and daily macro opinions [2]

12/12/2025 Payable – 12/24/2025 Municipal Bond Funds: Fund Ticker Distribution Change From Prior Distribution Closing Market Price – 11/28/25 Distribution Rate at Market Price Eaton Vance California Municipal Income Trust CEV $0.0500 - $10.49 5.72% Eaton Vance Municipal I. BOSTON--(BUSINESS WIRE)--The following Eaton Vance closed-end funds (the "Funds†) announced distributions today as detailed below. Declaration – 12/1/2025 Ex-Date – 12/12/2025 Record – ...

NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Guggenheim Investments today announced that certain closed-end funds have declared their distributions. The table below summarizes the distribution schedule for each closed-end fund (collectively, the “Funds” and each, a “Fund”). The following dates apply to the distributions: Record DateDecember 15, 2025Ex-Dividend DateDecember 15, 2025Payable DateDecember 31, 2025 Distribution ScheduleNYSE TickerClosed-End Fund NameDistributionPer ShareChange fromPrevious Distr ...

Distribution Announcement - The John Hancock closed-end Preferred Income Fund declared a monthly distribution of $0.1235 per share, with a market price of $16.95, resulting in an annualized current distribution rate of 8.74% [1] Fund Information - The declaration date for the distribution is December 1, 2025, with the ex-date and record date both set for December 11, 2025, and the payment date on December 18, 2025 [1] Investment Management Overview - John Hancock Investment Management operates under Manulife Investment Management, utilizing a multimanager approach to provide a diverse range of investments supported by rigorous oversight [4] - Manulife Investment Management has over a century of financial stewardship, serving individuals and institutions globally, with a strong presence in public and private markets across 18 geographies [5]