Core Viewpoint - Amundi has launched a tokenized share class of its euro cash fund to enhance product offerings on distributed ledgers [1] Group 1: Product Development - The Amundi Funds Cash EUR fund now operates in a hybrid model, allowing investors to choose between traditional cash purchases or a tokenized version on Ethereum [2] - The first transaction for the tokenized share class was settled on November 4 [2] - The product was developed in partnership with CACEIS, which provides digital wallets and manages subscriptions and redemptions [2] Group 2: Technology and Benefits - Tokenization transforms fund shares into blockchain-based records, facilitating quicker settlements and clearer audit trails [3] - The fund utilizes distributed ledger technology and the Ethereum blockchain for transparent record-keeping and transaction traceability [3] Group 3: Market Position and Regulation - This development reinforces Europe's lead in regulated tokenized funds, with firms in Luxembourg, France, and Germany having issued blockchain-native fund units for several years [4] - Clear regulatory guidance in these countries has enabled asset managers to hold and record digital shares effectively [4] Group 4: Future Prospects - CACEIS announced that investors will have the option to purchase the fund using stablecoins or central bank digital currencies (CBDCs) [5] - The introduction of a hybrid Transfer Agent service aims to provide a new distribution channel via blockchain for clients [5] - The goal is to offer 24/7 subscription and redemption services for investment fund units payable in stablecoins or CBDCs when available [6]

Group 1: Alphabet and AI Strategy - Alphabet is producing its own chips, which may position the company as a significant player in the AI sector, potentially surpassing NVIDIA in the long run [1] - The strategy of vertical integration allows Alphabet to control the entire AI stack, including custom chips, Search, YouTube, and Cloud infrastructure, which could enhance its dominance in AI economics [1] Group 2: ASX Market Dynamics - The ASX has experienced a significant selloff, resulting in a loss of $40 billion in market value [2] - Macquarie Asset Management has made a notable $11.6 billion takeover bid for Qube Holdings, offering $5.20 per share, which led to a 19.4% increase in Qube's share price [2] Group 3: Fixed Income Insights - A deep dive into bond ETFs compares passive and active options, discussing their risk levels and the appropriate conditions for ownership [2] - The Future Fund is shifting its strategy by selling fixed-rate bonds and investing in gold, indicating a response to ongoing market uncertainties [2]

Core Viewpoint - BlackRock has announced distributions per share for multiple funds, indicating ongoing financial activity and commitment to shareholder returns [1] Group 1: Fund Distributions - BlackRock Resources & Commodities Strategy Trust (NYSE: BCX) has declared a distribution [1] - BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) has declared a distribution [1] - BlackRock Energy and Resources Trust (NYSE: BGR) has declared a distribution [1] - BlackRock Enhanced International Dividend Trust (NYSE: BGY) has declared a distribution [1] - BlackRock Health Sciences Trust (NYSE: BME) has declared a distribution [1] - BlackRock Health Sciences Term Trust (NYSE: BMEZ) has declared a distribution [1] - BlackRock Enhanced Global Dividend Trust (NYSE: BOE) has declared a distribution [1] - BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI) has declared a distribution [1] - BlackRock Enhanced Large Cap Core Fund, Inc. (NYSE: CII) has declared a distribution [1] - BlackRock Science and Technology Trust (NYSE: BST) has declared a distribution [1] - BlackRock Science and Technology Term Trust (NYSE: BSTZ) has declared a distribution [1] - BlackRock Technology and Private Equity Term Trust (NYSE: BTX) has declared a distribution [1] - BlackRock Capital Allocation Term Trust (NYSE: BCAT) has declared a distribution [1] - BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) has declared a distribution [1]

Core Insights - Schneider Downs Wealth Management Advisors significantly increased its position in Federated Hermes, acquiring 2,577,442 shares, bringing its total stake to 2,657,263 shares valued at $137.99 million, which constitutes 16.37% of the fund's total assets under management (AUM) [1][7] - Federated Hermes has demonstrated strong financial performance with a total revenue of $1.74 billion and a net income of $380.98 million over the trailing twelve months (TTM) [3] - The company has a consistent dividend policy, having raised its dividend payout by 25.9% over the past five years, with a current yield of 2.77% [6] Company Overview - Federated Hermes, Inc. is a prominent asset management holding company based in Pittsburgh, Pennsylvania, with additional offices in New York and London, managing a diverse range of investment products across global equity and fixed income markets [4] - The firm employs both fundamental and quantitative investment strategies, catering to a wide array of clients, including individuals, high net worth investors, financial institutions, and government entities [8] Recent Developments - Schneider Downs Wealth Management Advisors' portfolio has grown by 92.6% since the end of Q3 2023, reaching a total size of $843 million [5] - The asset manager's stock has outperformed the S&P 500 by 9.02 percentage points over the past year, with a share price increase of 20.49% [7]

Market Outlook - The market outlook for the next year is optimistic, driven by favorable economic conditions and a recent 4.2% gain in the S&P 500 over the past week, indicating a potential return of bullish sentiment [1] - The market rally ahead of Thanksgiving was supported by a rebound in technology stocks and increasing expectations of a December Fed rate cut, which has enhanced investor appetite [1][2] S&P 500 Projections - Deutsche Bank projects the S&P 500 index to reach 8,000 by the end of 2026, expecting "mid-teens" returns due to healthy inflows, continued buybacks, and strong earnings [3] - HSBC and JPMorgan have set a target of 7,500 for the S&P 500 in 2026, with JPMorgan suggesting it could reach 8,000 if the Fed implements additional rate cuts next year [4] - Morgan Stanley and Wells Fargo are also optimistic, forecasting the S&P 500 to hit 7,800 by the end of 2026, representing a 14.5% increase from current levels [5] Fed Rate Expectations - Markets are anticipating an 84.7% chance of a rate cut in the December Fed meeting, reflecting a significant improvement in sentiment compared to the previous week [6] - If Kevin Hassett becomes the new Fed chair, interest rates may decline further, creating a supportive environment for equities and contributing to the bullish outlook for the S&P 500 by 2026 [6] Investment Opportunities - Investors are encouraged to adopt a long-term perspective and consider various ETF options that may benefit from the anticipated interest rate cuts [7] - S&P 500 ETFs, such as Vanguard S&P 500 ETF (VOO), SPDR S&P 500 ETF Trust (SPY), and iShares Core S&P 500 ETF (IVV), are highlighted for their potential to offer attractive opportunities and diversification [8] - Equal-weighted ETFs, like Invesco S&P 500 Equal Weight ETF (RSP) and ALPS Equal Sector Weight ETF (EQL), provide balanced exposure and lower risk profiles, making them suitable for investors seeking diversified sector exposure [9][10] - Growth ETFs, including Vanguard Growth ETF (VUG) and iShares Russell 1000 Growth ETF (IWF), are recommended for those willing to take on more risk to capitalize on a positive economic outlook [11] - Small-cap ETFs, such as iShares Core S&P Small-Cap ETF (IJR) and Vanguard Small Cap ETF (VB), are expected to perform well following Fed rate cuts, benefiting from lower borrowing costs and increased capital availability [12][13]

In the latest appearance for an American Century Investments leader, Jason Greenblath appeared on the ETF Prime Podcast. Greenblath, vice president, senior portfolio manager and director of Corporate ... ...

Group 1 - The article discusses the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1]

Core Insights - Lawrence Fuller has 30 years of experience managing portfolios for individual investors and founded Fuller Asset Management to achieve independence [1] - Fuller manages the Focused Growth portfolio on Dub, a copy-trading platform approved by US securities regulators, allowing retail investors to automatically copy chosen managers' trades [1] - The Portfolio Architect, led by Fuller, focuses on an economic and market outlook that supports an all-weather investment strategy aimed at consistent risk-adjusted returns [1] Company Overview - Fuller Asset Management (FAM) is a state-registered investment adviser [3] - FAM provides educational information and does not solicit specific securities or investment strategies [3] - The firm emphasizes that past performance is not indicative of future results and advises consultation with licensed financial professionals [3] Platform Features - Dub offers features such as portfolio construction guidance, access to an "All-Weather" model portfolio, and a dividend and options income portfolio [1] - Additional resources include daily briefs summarizing current events, a week-ahead newsletter, technical and fundamental reports, trade alerts, and 24/7 chat support [1]

Core Insights - President Trump's economic policy during his second term was expected to prioritize "America first," yet international markets, particularly emerging markets, have outperformed domestic financial markets [1] Emerging Markets Performance - Investors in emerging markets have achieved significantly higher returns compared to developed markets this year, with emerging-market government bonds gaining 15% and equities rising over 25% through September 30, based on indices like the JPMorgan Emerging-Market Bond Index and the MSCI Emerging Markets equity index [3] - The Neuberger Berman Emerging Markets Debt Hard Currency ETF (NEMD) has returned nearly 4% in a few months, indicating its potential as a noteworthy investment option [2] Drivers of Emerging Markets Debt - A primary driver for the upside in emerging markets debt, including bonds in NEMD, has been the weakness of the dollar, with 10 of the 14 major emerging market currencies outperforming the dollar by the end of Q3 [4] - Many emerging currencies have appreciated this year, often by double-digit percentages, leading to reduced local inflation pressures and allowing central banks to ease monetary policy [5] Federal Reserve Influence - The dollar's decline has been partly due to expectations of Federal Reserve easing, which has positively impacted NEMD [6] - Lower policy interest rates have increased demand for emerging-market bonds, as investors seek to benefit from rising bond prices, while central bank easing has raised expectations for stronger local corporate earnings, boosting equities [7]

Group 1 - Global equity funds experienced their first weekly outflow in 10 weeks, with a net withdrawal of $4.48 billion, driven by concerns over stretched valuations, particularly in the tech sector [1][2] - U.S. and European equity funds saw significant divestments of $4.56 billion and $1.21 billion, respectively, while Asian equity funds attracted approximately $170.37 million in investments [2] - The tech sector, particularly AI, is viewed as a market driver, but high valuations pose a risk of disappointment, leading to a more selective assessment of investments in this area [3] Group 2 - Euro-denominated bond funds faced a net outflow of $3.58 billion, marking the first weekly net sales since July 9, while short-term bond funds gained $5.56 billion in net purchases for the fourth consecutive week [4] - Money market funds saw an addition of $2.54 billion, ending a two-week selling trend, indicating a shift in investor sentiment towards safer assets [4] - Emerging markets attracted $3.34 billion in equity fund investments, the highest since July 9, alongside a marginal increase of $5.98 million in bond funds [5]