Group 1 - The Fidelity Magellan ETF (FMAG) is an actively managed ETF that primarily invests in large-cap American-listed stocks, with less than 5% exposure to global equities outside the U.S. [1] - The ETF aims to provide investors with a diversified investment option in the North American public equity market [1] Group 2 - Nikola has over three years of experience in finance and consulting, focusing on identifying value in North American public equities and ETFs [1] - His professional background includes corporate credit risk analysis, consulting for government entities, and venture capital analysis in the med-tech sector [1] - Recently, Nikola has assisted investors in selecting better ETF options amid a crowded market of similar offerings [1]

Core Insights - Lawrence Fuller has 30 years of experience managing portfolios for individual investors, having started at Merrill Lynch in 1993 and later founding Fuller Asset Management for independence [1] - Fuller Asset Management 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, providing educational information without making specific offers for securities or investment strategies [3] - FAM emphasizes that investments involve risks and are not guaranteed, and past performance should not be relied upon without understanding market conditions [3] Services Offered - The Portfolio Architect provides portfolio construction guidance, access to an "All-Weather" model portfolio, a dividend and options income portfolio, daily briefs, weekly newsletters, technical and fundamental reports, trade alerts, and 24/7 chat support [1]

Core Viewpoint - Nuveen Global High Income Fund has announced the preliminary results of its rights offering, which allows rights holders to subscribe for additional common shares, with the offering expected to generate approximately $61.8 million in gross proceeds [1][2]. Summary by Sections Rights Offering Details - The rights offering expired on November 20, 2025, and is expected to result in the issuance of approximately 4.9 million common shares at a subscription price of $12.49 per share, representing 90% of the Fund's net asset value at the close of trading on the expiration date [1][2]. - The common shares subscribed for are anticipated to be issued on or about November 28, 2025, following the completion of all shareholder payments [3]. Financial Overview - The gross proceeds from the rights offering are projected to be around $61.8 million, indicating a significant capital influx for the Fund [2]. - The final subscription price was lower than the initially estimated price, and any excess payments will be returned to the subscribing rights holders [3]. Company Background - Nuveen is a prominent sponsor of closed-end funds, managing $53 billion in assets across 44 closed-end funds as of September 30, 2025, catering to income-focused investors [5]. - The company manages a total of $1.4 trillion in public and private assets globally, with over 125 years of investment experience [6].

Core Insights - The JPMorgan Ultra-Short Income ETF (JPST) offers a 4.5% dividend yield, which is slightly higher than T-bills, focusing on quality short-term securities [1] Group 1: Company Overview - JPST is part of the CEF/ETF Income Laboratory, which manages portfolios targeting safe and reliable yields of approximately 8% [1] - The service is designed for both active and passive investors of all experience levels, emphasizing high-yield opportunities in the closed-end fund (CEF) and exchange-traded fund (ETF) space [1] Group 2: Investment Strategy - The majority of holdings in the CEF/ETF Income Laboratory are monthly-payers, facilitating faster compounding and steady income streams [1] - The service includes features such as 24/7 chat and trade alerts to assist investors [1] Group 3: Analyst Background - Juan de la Hoz, a contributor to the CEF/ETF Income Laboratory, has extensive experience in fixed income trading, financial analysis, and economics, focusing on dividend, bond, and income funds [1]

BlackRock, Inc. (BLK) is a global investment management firm headquartered in New York City. It specializes in asset management and provides risk management and advisory services to a diverse client base worldwide. With offices in multiple countries, BlackRock serves institutional and individual investors through a broad range of investment products and technology solutions. The company’s operations emphasize innovation in asset management, personalized financial advice, and global market reach to optimiz ...

Core Insights - Merion Road Capital Management's third-quarter 2025 investor letter indicates a 5.0% return for the Merion Road Small Cap Fund, underperforming the Russell 2000 Index's 12.4% return, while the long-only portfolio achieved a 10.1% return compared to the S&P 500's 8.1% [1] - The strong performance of Kratos significantly contributed to the portfolio's results [1] Company Focus: Victory Capital Holdings, Inc. (NASDAQ:VCTR) - Victory Capital Holdings, Inc. has experienced a one-month return of -2.89% and a 52-week loss of 9.70%, with a market capitalization of $4.123 billion as of November 20, 2025 [2] - The company has successfully closed the acquisition of the Amundi US business, now managing over $300 billion in assets, with positive net flows reported for 2024 and year-to-date 2025 [3] - Victory Capital's management has increased their cost synergy target to $110 million, with historical performance exceeding guidance, and projected free cash flow of at least $7.00 per share next year, indicating a valuation discount compared to peers [3] Market Position and Performance - Victory Capital Holdings, Inc. was held by 22 hedge fund portfolios at the end of the second quarter, an increase from 16 in the previous quarter [4] - The company's third-quarter revenue rose by 3% from the second quarter to $361.2 million [4] - Despite the potential of Victory Capital, the company is viewed as having less upside compared to certain AI stocks, which are considered to carry greater potential and lower downside risk [4]

Core Points - AGF Investments Inc. announced cash distributions for November 2025 for three funds, with payments scheduled for December 4, 2025 [1] - The cash distribution amounts per unit are as follows: AGF Enhanced U.S. Equity Income Fund at $0.179647, AGF Total Return Bond Fund at $0.102000, and AGF Systematic Global Infrastructure ETF at $0.159133 [1] Company Overview - AGF Management Limited, founded in 1957, is an independent asset management firm with a focus on public and private markets [5] - The firm manages over $59 billion in total assets and serves more than 815,000 investors [7] - AGF operates through three business lines: AGF Investments, AGF Capital Partners, and AGF Private Wealth [5][6]

Bitcoin plunged to $81,900 on Friday, wiping out Thursday’s bounce and further extending a month-long selloff that has erased more than $1.4 trillion from the cryptocurrency markets. Bitcoin is trading more than 30% below its October all-time high, and the overall crypto market is under $3 trillion. And analysts warn that the carnage may get worse. Citrini Research warned in a note to investors shared with DL News that risk-off sentiment will continue to hit speculative assets such as crypto into mid-De ...

Core Insights - Billionaire hedge fund managers are seen as some of the most successful investors, but their investment moves can be difficult to analyze due to delayed public disclosures [1][2] - Retail investors are advised to conduct their own research rather than blindly following billionaire investments, although multiple billionaires investing in a stock can indicate bullish sentiment [3] Hedge Fund Investments - Hedge funds typically have a short investment horizon of 12 to 18 months, which may not align with long-term value [2] - Billionaires are currently investing in a BlackRock exchange-traded fund (ETF), which analysts believe has significant growth potential [3] Bitcoin Market Dynamics - Bitcoin has experienced high volatility influenced by interest rates, the Federal Reserve's balance sheet, and economic expectations, yet many investors maintain a long-term bullish outlook [4] - The iShares Bitcoin Trust ETF (IBIT) is highlighted as a primary vehicle for gaining exposure to Bitcoin, being the largest spot Bitcoin ETF by assets [5][6] Institutional Interest in Bitcoin - Several hedge funds have increased their stakes in IBIT, with Coatue Management increasing its position by 135% and Schonfeld Strategic Advisors by 20% in the third quarter [9] - Price targets for Bitcoin vary, with notable figures such as $150,000 by year-end and $1 million over the next four to eight years being set by various analysts [9][11] Price Target Predictions - Analysts have set ambitious price targets for Bitcoin, with some predicting $180,000 and $200,000 by year-end [11] - The growing perception of Bitcoin as "digital gold" suggests it could serve as a diversification tool for long-term investors [10]

Terry Smith took home £23.3m for the year ending March 2025. This is the third year in a row when the stockpicker has seen his payout drop - PA Images / Alamy Stock Photo Star fund manager Terry Smith has taken a £5m pay cut after his eponymous investment firm Fundsmith suffered a slump in profits. Mr Smith, one of the City’s best known stockpickers, took home £23.3m for the year ending March 2025, down from £27.9m in the prior year, according to accounts filed at Companies House. This is the lowest amo ...