Core Insights - AllianceBernstein Holding L.P. (AB) reported assets under management (AUM) of $829 billion for July 2025, unchanged from June 2025, due to market gains being offset by net outflows, primarily from institutions [1][9] - The company experienced approximately $4 billion in institutional outflows linked to the completion of the EQH-RGA reinsurance transaction [1][9] AUM Performance Breakdown - Equity AUM increased nearly 1% to $347 billion, while Alternatives/Multi-Asset Solutions AUM rose 1.1% to $183 billion [2] - Fixed Income AUM decreased by 1.6% to $299 billion [2] - Institutional AUM fell nearly 1% to $337 billion, whereas Private Wealth AUM increased 1.4% to $146 billion, and Retail AUM saw a slight increase to $346 billion [3] Market Position and Growth Potential - AllianceBernstein's global reach and solid AUM balance are expected to support top-line growth despite rising operating costs and a challenging operating environment [3] - In the past six months, AB's shares gained 10.6%, outperforming the industry's growth of 1.7% [5] - AB currently holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence [6] Peer Comparison - Franklin Resources, Inc. reported AUM of $1.62 trillion, slightly up from the previous month, while Invesco's AUM increased by 1.2% to $2,024.5 billion [10] - Invesco's AUM was positively impacted by favorable market returns, resulting in a $22 billion increase, although FX effects decreased AUM by $8.5 billion [11]

Financial Data and Key Metrics Changes - The company generated net investment income and realized gains of $0.39 per share in Q2 2025, compared to $0.44 per share in the previous quarters [19] - Recurring cash flows were $18 million or $0.67 per share, down from $16 million or $0.71 per share in Q1 2025 [6] - The NAV as of June 30 was $14.08 per share, slightly down from $14.16 per share as of March 31 [7][21] - The company recorded a non-annualized GAAP return of 3.5% for the second quarter [7] Business Line Data and Key Metrics Changes - The company opportunistically deployed $40 million into discounted CLO debt and equity securities during the quarter [8] - The company repurchased over 488,000 shares of common stock for a total of $6.5 million, resulting in NAV accretion of $0.02 per share [21] Market Data and Key Metrics Changes - The S&P UBS Leveraged Loan Index had a total return of 2.3% in Q2 and was up almost 3% year-to-date as of June 30 [14] - The trailing twelve-month default rate increased to 1.1% as of June 30, remaining below the historical average of 2.6% [14] - New CLO issuance was $51 billion in Q2, with reset and refinancing activity at $44 billion and $9 billion, respectively [15][16] Company Strategy and Development Direction - The company plans to continue buying back stock as market opportunities arise, viewing this as a strong investment [24] - The management emphasized the importance of maintaining a strong liquidity position to capitalize on attractive investment opportunities [16][24] Management's Comments on Operating Environment and Future Outlook - Management noted that market volatility in April created attractive buying opportunities for discounted CLO securities [7][24] - The company remains confident in its ability to generate strong returns and is well-positioned to deploy capital into investments offering compelling risk-adjusted returns [16][24] Other Important Information - The company declared three monthly distributions of $0.13 per share for Q4 2025, maintaining the distribution level from the previous quarter [12][20] - As of July month-end, the company's NAV was estimated to be between $14.34 and $14.44 per share, indicating a recovery from June [22] Q&A Session Summary Question: Can you elaborate on the all-in yield from the debt portion of your CLO portfolio? - Management explained that CLO debt is sensitive to short-term rates and that a Fed rate movement could lead to lower income in the fall, while CLO equity is less affected by rate changes [28][30] Question: Is the push out of loan maturities indicative of credit distress? - Management clarified that issuers are refinancing their debt due to a strong market, allowing them to extend maturities without indicating distress [38] Question: How is the pipeline for new investments shaping up? - Management indicated a strong pipeline for both CLO BB debt and equity, with plenty of opportunities in the market [48] Question: What is the status of the share buyback program? - Management noted that the buyback program has been effective in reducing the discount to NAV and that they plan to continue this strategy [50][52] Question: Is there a possibility of a special distribution at the end of the year? - Management stated that while recurring cash flows are currently in line with expenses and distributions, the potential for a special distribution depends on taxable income exceeding distributions [62] Question: Why hasn't the coupon on the BB CLO debt changed dramatically? - Management explained that while spreads have tightened, the overall yield or coupon of CLO BBs has remained stable due to various market factors [66] Question: What is the status of the OC cushion? - Management noted that the OC cushion has declined slightly but remains robust, with plenty of cushion available [70]

Core Insights - Invesco's preliminary assets under management (AUM) for July 2025 reached $2.02 trillion, reflecting a 1.2% increase from the previous month, driven by market gains and long-term net inflows, despite some losses from unfavorable foreign exchange [1][10] Group 1: AUM Performance - The rise in AUM was attributed to a $22 billion increase from market performance and $5.8 billion in long-term net inflows, offset by an $8.5 billion decline due to unfavorable FX [1] - AUM under ETFs & Index Strategies was $559 billion, up 2.2% from the previous month, while Global Liquidity AUM increased by 2.1% to $200.5 billion [2] - The Fundamental Fixed Income AUM decreased by 1% to $298.5 billion, and Fundamental Equities AUM saw a slight decline to $287 billion [3] Group 2: Growth Trends - Over the past five years, Invesco's AUM has experienced a compound annual growth rate (CAGR) of 8.5%, with continued growth in the first half of fiscal 2025 [4] - The company has been focusing on diversifying into asset classes with growing client demand, which is expected to further enhance AUM growth [5] Group 3: Competitive Landscape - Competitors such as Franklin Resources and T. Rowe Price are also experiencing AUM growth, with Franklin's AUM at $1.62 trillion and T. Rowe Price benefiting from a diversified AUM across various asset classes [6][8] Group 4: Valuation and Earnings Estimates - Invesco's shares have increased by 17% in 2025, outperforming the industry, and the company trades at a forward price-to-earnings (P/E) ratio of 9.89, below the industry average [9][11] - The Zacks Consensus Estimate indicates a 4.7% year-over-year rise in Invesco's 2025 earnings, with a projected growth of 25.5% for 2026 [12]

Company Overview - Eagle Point Credit Company (ECC) was founded in 2012 and went public on October 7, 2014[14] - ECC's primary investment objective is to generate high current income by investing primarily in equity and junior debt tranches of CLOs[14] - ECC has a total market capitalization of $1,409.3 million[14] - ECC pays a monthly distribution of $0.14 per share of common stock, resulting in a distribution rate of 24.4%[14] - Eagle Point Credit Management LLC manages over $12 billion in AUM across the Eagle Point platform[14] - The Adviser and Senior Investment Team have approximately $10.8 million invested in securities issued by the Company[15] Portfolio Composition and Performance - As of June 30, 2025, ECC's portfolio was invested across 238 CLO investments[65] - The portfolio has 95.7% exposure to floating-rate senior secured loans[28] - The portfolio consists of 77% CLO Equity, 3% CLO Debt, 2% Loan Accumulation Facilities, 4% Regulatory Capital Relief, 5% Consumer ABS, 2% Collateralized Fund Obligations, 2% Other, and 5% Cash[66] - The portfolio has exposure to 1,906 unique underlying loan obligors[28]

Eventuel henvendelse vedrørende denne meddelelse kan rettes til NPA.PM@nykredit.dk eller CRH@nykredit.dk. Med venlig hilsen ID-Sparinvest, Filial af Sparinvest S.A, Luxembourg Det skal oplyses, at der den 12. august i perioden 11:26 til 11:41 , er sket en fejl i beregningen af indre værdi for nedenstående afdeling. Indre værdi for nedenstående afdeling har i perioden været undervurderet med 55 bps. | Responsible Corporate Bonds IG | | | | | --- | --- | --- | --- | | Afdelingsnavn DKK R | ISIN LU2703611538 | ...

ABOUT T. ROWE PRICE | | As of | | | | | | | --- | --- | --- | --- | --- | --- | --- | | (in billions) | | 07/31/2025(a)(b) | 6/30/2025 | | 12/31/2024 | | | Equity | $ | 859 | $ | 839 | $ | 830 | | Fixed income, including money market | 202 | | 200 | | 188 | | | Multi-asset | 586 | | 583 | | 536 | | | Alternatives | 56 | | 55 | | 53 | | | Total assets under management | $ | 1,703 | $ | 1,677 | $ | 1,607 | | Target date retirement portfolios | $ | 524 | $ | 520 | $ | 476 | (a) Preliminary - subject to adjustm ...

Analyst's Disclosure:I/we have a beneficial long position in the shares of TROW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any in ...

Continuing a Years-Long Strategic Partnership ORLANDO, Fla., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Abacus Global Management, Inc. ("Abacus" or the "Company") (NASDAQ: ABL), a leader in the alternative asset management space, today announced a minority investment in Dynasty Financial Partners ("Dynasty"), a leading provider of technology-enabled wealth management solutions for independent financial advisors. Shirl Penney, Founder and Chief Executive Officer of Dynasty, said: "This alignment and mutual investment ...

Financial Performance & Growth - Sparebanken Norge's Q2 2025 presentation highlights strong financial performance and growth following a legal merger on May 2, 2025 [2, 4] - The group's cost-to-income ratio for Q2 2025 is 29%, positioning it favorably compared to peers [8, 9] - The company reported a pro forma Return on Equity (ROE) of 18% for Q2 2025 [16] - Net interest income increased, reaching NOK 2711 million in Q2 2025 [42, 43] - Underlying cost growth is approximately 2.3%, with a pro forma cost-to-income ratio of 29% (27.4% adjusted for merger costs) [49] Lending & Deposits - The company has a gross loans portfolio of NOK 463 billion [11, 12] - Retail customer lending grew by 3.7% year-to-date, while corporate customer lending grew by 5.1% year-to-date [6] - Retail customer deposits show year-on-year growth of 11.2% [36] - Mortgage loan delinquencies (90 days) remain below 0.1% [59] Subsidiaries & Associated Companies - Eiendomsmegler Norge achieved a year-to-date pre-tax profit of NOK 49 million [75] - Borea Asset Management has Assets under Management (AUM) of NOK 18.7 billion [77] - Frende Holding's annualized ROE was 23.6% in the first half of 2025 [83] Capital Adequacy & Synergies - The Common Equity Tier 1 (CET1) ratio is 18.4% [17, 69, 70] - Realized capital synergies of approximately NOK 2 billion in Q2 2025 due to the implementation of CRR3/Basel IV [123] - Cost synergies are estimated to be greater than NOK 425 million [111, 112, 119] Future Targets & Strategy - The company aims for a Return on Equity (ROE) greater than 13% and a CET1 capital ratio greater than 16% by 2026-2028 [112, 129] - Bulder is targeting NOK 83 billion in lending [111] - Borea Asset Management is targeting > NOK 34 billion in AUM by the end of 2028 [195]

Core Viewpoint - The article discusses the current distribution of market capitalization among major indices in the A-share market, highlighting a significant decline in the proportion of the CSI 300 index compared to other indices, particularly in the context of recent market volatility and liquidity issues [2][3][5]. Market Capitalization Distribution - As of August 8, the CSI 300 index accounts for only 45.75% of the total A-share market capitalization, a notable decrease from previous levels [3][5]. - The distribution of free float market capitalization among major indices is as follows: CSI 300 at 19.82 trillion, CSI 500 at 7.22 trillion, CSI 1000 at 6.77 trillion, CSI 2000 at 5.94 trillion, and the remaining micro-cap stocks at 3.57 trillion [5]. Historical Context and Volatility - The article references significant drops in the CSI 2000 index, including a 12.83% decline in a single day in April and a cumulative drop of 35.86% over 54 trading days from late 2023 to early 2024 [10][11]. - The author suggests that a rapid decline in micro-cap stocks relative to the CSI 300 could occur again, drawing parallels to past market behaviors [13][14]. Investment Strategy and Risk Management - The article emphasizes the importance of maintaining a balanced portfolio that includes both dividend stocks and micro-cap stocks, suggesting that investors should be prepared for potential downturns in micro-cap stocks [19][20]. - It highlights two specific micro-cap funds, the Guotai Junan CSI 1000 Index Fund and the Nuon Multi-Strategy Fund, showcasing their performance and the potential for significant returns following market corrections [22][25]. - The article advocates for a strategic approach to investing in micro-cap stocks, suggesting that while volatility and drawdowns are expected, they can lead to substantial long-term gains if managed correctly [27][29].