Core Insights - J.P. Morgan Asset Management (JPMAM) announced estimated annual reinvested capital gain distributions for its ETFs, which are typically reinvested at year-end and do not include ongoing cash distributions [1][2] - The final capital gains distributions will be confirmed by December 15, 2025, with record date set for December 31, 2025, and payment on January 9, 2026 [2] Estimated Capital Gains Distribution - The estimated annual reinvested capital gains per unit for various JPMorgan ETFs are as follows: - JPMorgan Global Select Equity Active ETF (JGLO): $0.09, representing 0.22% of NAV - JPMorgan Nasdaq Equity Premium Income Active ETF (JEPQ): $0.00, representing 0.00% of NAV - JPMorgan US Bond Active ETF (JBND): $0.01, representing 0.04% of NAV - JPMorgan US Core Active ETF (JCOR): $0.21, representing 0.72% of NAV - JPMorgan US Equity Premium Income Active ETF (JEPI): $0.00, representing 0.00% of NAV - JPMorgan US Growth Active ETF (JGRO): $0.06, representing 0.20% of NAV - JPMorgan US Ultra-Short Income Active ETF (JPST): $0.00, representing 0.00% of NAV - JPMorgan US Value Active ETF (JAVA): $1.01, representing 3.82% of NAV [4] Company Overview - J.P. Morgan Asset Management manages assets totaling USD 4 trillion as of September 30, 2025, serving a diverse clientele including institutions, retail investors, and high net worth individuals globally [5][7]

Stone Fox Capital is an RIA from Oklahoma. Mark Holder is a CPA with degrees in Accounting and Finance. He is also Series 65 licensed and has 30 years of investing experience, including 15 years as a portfolio manager. Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily updates, ...

These investors act slowly but hold positions for years. That contrasts with crypto-native issuers that depend on retail flows. Franklin's ETF introduces XRP to capital that prioritizes long-term positioning over short-term trading spikes.Franklin's advantage is reach. Its network spans over 13,000 advisory firms managing trillions in client assets. When Franklin lists a product, it travels through pension desks, wealth managers, insurance allocators, and university endowments.Institutions trust Franklin's ...

Core Insights - Retirement account balances have reached record highs in Q3 2025, with average 401(k) balances increasing by 9% year-over-year to $144,400 and average IRA balances rising by 7% to $137,902 [1][2] Group 1: Retirement Account Trends - There is a growing interest in Roth 401(k)s and IRAs, especially among younger savers, with Roth 401(k) contributions capped at $24,500 for 2026 [2][4] - The number of 401(k) accounts with balances of $1 million or more has increased to 654,000, a 10% rise from Q2, while IRA millionaires reached 559,181, up 11.5% from the previous quarter [6] Group 2: Savings Behavior - Despite market volatility, the majority of retirement savers continued to contribute, maintaining an average contribution rate of 14.2%, close to the recommended 15% [7] - Positive savings behaviors among younger workers, particularly Gen Z, have contributed to improved retirement outcomes [5][6] Group 3: Market Performance - U.S. markets experienced significant pressure due to country-specific tariffs announced in April, but rebounded in Q2 and Q3, with the Dow Jones up 9%, S&P 500 up 14%, and Nasdaq Composite up 17% through September 30 [8]

Core Points - TD Asset Management Inc. announced management fee reductions for certain TD Mutual Funds effective on or about November 20, 2025 [1][4] - The fee reductions aim to enhance value for investors and support their long-term financial goals by allowing more savings to remain invested [2][4] Fee Reductions - Management fees for the TD Ultra Short Term Bond Fund will be reduced from 1.00% to 0.50% for Advisor and Investor Series, and from 0.45% to 0.25% for D-Series and F-Series [4] - The TD Short Term Bond Fund will see reductions from 0.50% to 0.35% for F-Series, and from 0.90% to 0.85% for Premium Series, with Institutional Series dropping from 0.40% to 0.25% [4] - The TD Canadian Corporate Bond Fund and TD U.S. Corporate Bond Fund will have their management fees reduced from 1.10% to 0.90% for Advisor and Investor Series, and from 0.60% to 0.40% for D-Series and F-Series [4] Company Overview - TD Asset Management Inc. is a North American investment management firm and a wholly-owned subsidiary of The Toronto-Dominion Bank, managing assets on behalf of nearly 2 million retail investors [7] - The firm offers a diverse range of investment solutions, including mutual funds and managed portfolios, with total assets under management amounting to $527 billion as of September 30, 2025 [7]

Core Insights - Lawrence Fuller has 30 years of experience managing portfolios, starting at Merrill Lynch in 1993 and later founding Fuller Asset Management, achieving his goal of 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, 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, and various reports and alerts [1] - Services include a daily brief summarizing current events and a week-ahead newsletter, along with 24/7 chat support for clients [1]

Core Viewpoint - Invesco Ltd. announced the expected capital gains distributions for several of its ETFs, with specific dates for ex-distribution, record, and payable [1]. Group 1: Capital Gains Distributions - The ex-date for the 2025 capital gains distributions will be December 22, 2025, with the record date also on December 22, and the payable date on December 26, 2025 [1]. - The estimated capital gains distributions per share for various ETFs include: - Invesco India ETF: $1.68 - Invesco S&P SmallCap Industrials ETF: $1.52 - Invesco International Developed Momentum ETF: $1.04 - Invesco Real Assets ESG ETF: $0.47 - Invesco S&P 500 BuyWrite ETF: $0.18 - Invesco International Growth Focus ETF: $0.15 - Invesco Equity Net Zero ETF: $0.10 - Invesco High Yield Corporate Bond ETF: $0.08 - Invesco High Yield Select ETF: $0.07 - Invesco Core Fixed Income ETF: $0.03 - Invesco High Yield Corporate Bond ETF (BulletShares 2032): $0.02 [2]. Group 2: Company Overview - Invesco Ltd. is a leading global asset management firm with over 8,300 employees and operates in more than 120 countries [4]. - As of September 30, 2025, Invesco managed $2.1 trillion in assets, offering a comprehensive range of active, passive, and alternative investment capabilities [4].

Core Insights - The number of 401(k) millionaires reached an all-time high of 654,000 in September, up from 595,000 at the end of June, reflecting strong market performance [1] - Millennials, aged 29 to 44, are the largest group contributing to this increase, marking a shift from previous generations [1][3] - The average 401(k) balance is now $144,400, and the average IRA account balance is $137,902, both showing a 5% increase from the end of June [4] Group Analysis - The increase in 401(k) millionaires is significant compared to the first quarter, where only 512,000 savers had at least $1 million, down from 537,000 at the end of the previous year [2] - Millennials now represent 3.7% of millionaires, up from 1.8% a year ago, while Boomers account for 36% and Gen X for 60% [4] - Women's average account balances have surpassed $501,100, a 16.5% increase from the previous year, indicating a positive trend among long-term female savers [5] Contribution Rates - Total average 401(k) savings rates remain steady at 9.5%, with an average employer contribution rate of 4.7%, leading to a combined contribution rate of 14.2%, a record high [5] - Fidelity suggests a savings rate of 15%, indicating that current contributions may still be below optimal levels [5] Market Context - The number of millionaire savers is influenced by market performance, and while the current figures are record highs, they represent a small percentage of Fidelity's retirement savers [6]

Core Viewpoint - The selloff in the yen and Japanese government bonds has led to record-high borrowing costs, creating pressure on policymakers as they navigate economic challenges [1][2]. Group 1: Market Reactions - Investors are exiting the yen and Japanese government bonds, resulting in significant market distortions and increased borrowing costs [1]. - The anticipated stimulus package from new Prime Minister Sanae Takaichi, the largest since COVID-19, is expected to exacerbate borrowing in Japan's quadrillion-yen ($7 trillion) debt market [2]. - Long-term government bonds have declined for 11 consecutive days, while the yen has depreciated for seven weeks, indicating a growing crisis of confidence similar to the situation faced by British assets in 2022 [3]. Group 2: Central Bank and Government Response - The Bank of Japan (BOJ) is under pressure to adopt a more hawkish stance to stabilize long-term bond yields, as market sentiment suggests it is falling behind [4]. - Finance Minister Satsuki Katayama expressed urgency regarding market conditions after a meeting with the central bank, although this did not halt the selling trend [5]. - The benchmark 10-year yield has increased by 11 basis points in four sessions, reaching a 17-year high above 1.8%, with trading volume in 10-year futures hitting a seven-month peak [5]. Group 3: Broader Economic Implications - The combination of rising yields, a declining yen, and a struggling stock market reflects a lack of confidence and potential structural shifts in Japan's economy [7]. - Analysts suggest that the current market dynamics are reminiscent of the UK’s situation, where central banks have historically suppressed price discovery, leading to a reliance on fiscal measures that may no longer be effective [6].

Core Insights - Al Warda Investments, managed by the Abu Dhabi Investment Council (ADIC), significantly increased its holdings in BlackRock's iShares Bitcoin Trust ETF (IBIT) by 230% in Q3, bringing its total to nearly 8 million shares valued at $517.6 million as Bitcoin approached record highs [1][2][3] Group 1: Investment Strategy - The Abu Dhabi Investment Council, a subsidiary of Mubadala Investment Co., is traditionally focused on private market strategies, indicating a shift towards digital assets with this investment in Bitcoin [2] - A spokesperson for ADIC expressed that Bitcoin is viewed as a store of value akin to gold, highlighting its role in diversifying the portfolio and its importance in both near and long-term strategies [3] Group 2: Market Trends - The investment coincided with Bitcoin reaching a record high near $126,000 in early October, followed by a decline below $90,000 in November, reflecting the volatility and growing institutional interest in Bitcoin [3] - Despite a 30% drop in Bitcoin's price from its peak, there was a notable institutional interest, as evidenced by Harvard's endowment fund disclosing a $443 million position in the same ETF, representing about 20% of its U.S. listed public equity holdings [3] - IBIT experienced its largest single-day outflow since its launch in January 2024 on November 18, but recorded its first net inflow since November 11 shortly thereafter, indicating fluctuating investor sentiment [4]