周二（8月12日）亚市早盘，澳元兑美元上涨，目前交投于0.65附近，截止北京时间11:43分，澳元/美元 报价0.6524，上涨0.18%，上一交易日澳元/美元收盘报0.6512。T.RowePrice动态全球债券策略联席基金 经理ScottSolomon指出，尽管澳洲联储今日几乎确定将降息，但经济学家更关注其如何构建前瞻指引。 日线图的技术分析显示市场情绪看涨，澳元兑美元14日相对强弱指数（RSI）位于50上方。此外，该货 币对仍处于9日指数移动平均线（EMA）上方，表明短期动能正在增强。上行方面，澳元兑美元可能会 试探0.6600这一心理关口附近区域，随后是7月24日创下的九个月高点0.6625。 他回顾称，澳洲联储在7月意外按兵不动的决定曾引发市场震动——尤其值得注意的是，该行5月曾公开 讨论过50个基点的激进降息选项，随后的暂停操作更显突兀。Solomon强调："若澳洲联储试图传递'每 次会议皆有可能行动'的信号，市场自会调整预期。但关键在于保持政策连贯性，避免制造混乱。" ...

Summary of Forge Global Holdings (FRGE) FY Conference Call - August 11, 2025 Company Overview - **Company**: Forge Global Holdings (FRGE) - **Industry**: Private market trading and information services - **Core Services**: Marketplace for private companies, providing trading, data, custody, and related services to investors, companies, and shareholders [1][2] Key Points and Arguments Company Evolution and Value Proposition - Forge is transitioning from a transaction-focused platform to foundational infrastructure for private markets, with a newly launched next-generation platform [5][6] - The platform integrates with various participants, including high net worth individuals, institutions, and family offices, aiming for global reach [5][6] - Strategic partnerships with Yahoo, ICE, and Fortune enhance transparency and access to private market data [6][7] Market Performance and Outlook - Forge's trading volume increased by 110% year-over-year in the first half of the year, reflecting a recovery in the IPO market [10][11] - The company remains cautiously optimistic about a full-scale market recovery, driven by high-performing sectors like AI and fintech [11][12][13] Fund Launch and Product Development - Forge plans to launch its first registered fund, the Acquidity Megacorn Fund, aimed at non-accredited investors, enhancing access to private market investments [7][14][15] - The Megacorn Fund will feature a diversified index of top private companies, with future plans for additional rules-based products targeting various sectors [15][16][17] Competitive Landscape - The current market for private market index funds is limited, with Forge positioned uniquely against incumbents like ARC and traditional private equity firms [19][20] - Forge is exploring partnerships with major asset managers to enhance distribution of its products [21] Data Strategy and Revenue Generation - Forge views data as a strategic driver for success, with a phased approach to adoption and monetization [22][23] - The company anticipates material revenue from data as it moves into a revenue-sharing model with partners [24][25] Partnerships and Collaborations - A new partnership with Silicon Valley Bank focuses on providing secondary liquidity solutions, enhancing Forge's competitive advantage [29][30] - The partnership is exclusive and aims to integrate Forge's services within the bank's offerings [31][32] Regulatory Environment - Recent regulatory changes, including expanded definitions of accredited investors and allowing 401(k) investments in private markets, present opportunities for Forge [39][40][41] - Forge has been actively engaging with legislators to support policies that enhance access to private market investments [44][45] Financial Performance and Future Goals - Forge aims to achieve positive adjusted EBITDA by 2026, driven by operational scalability and efficiency gains from the new marketplace [49][51] - The company is confident in reaching breakeven, supported by strong volume growth and strategic investments [51][52] International Expansion - Forge is looking to expand its operations internationally, with a focus on Europe, Asia, and the Middle East, aiming for breakeven in its European operations by the end of 2025 [56][57] Investor Perception - The company emphasizes its technology-driven approach and recurring revenue model, which should influence investor perceptions and valuation multiples [58][59] Additional Important Insights - The market for tokenization of securities is evolving, with Forge positioned to partner with credible platforms for tokenization [35][36][37] - Forge's technology-first approach is expected to change how investors view the company and its scalability potential [58][59]

Core Insights - Artisan Partners Asset Management Inc. reported preliminary assets under management (AUM) of $175.0 billion as of July 31, 2025 [1] - Artisan Funds and Artisan Global Funds contributed $85.3 billion to the total AUM, while separate accounts and other AUM accounted for $89.7 billion [1] AUM by Strategy - The Growth Team's AUM includes: - Global Opportunities: $20,253 million - U.S. Mid-Cap Growth: $10,917 million - U.S. Small-Cap Growth: $2,858 million - The Global Equity Team's AUM includes: - Non-U.S. Growth: $14,787 million - The U.S. Value Team's AUM includes: - Value Equity: $5,058 million - U.S. Mid-Cap Value: $2,404 million - The International Value Group's AUM includes: - International Value: $50,036 million - The Global Value Team's AUM includes: - Global Value: $32,636 million - The Credit Team's AUM includes: - High Income: $12,468 million - The Developing World Team's AUM includes: - Developing World: $4,737 million - The Antero Peak Group's AUM includes: - Antero Peak: $2,288 million - The International Small-Mid Team's AUM includes: - Non-U.S. Small-Mid Growth: $5,264 million - The EMsights Capital Group's AUM includes: - Emerging Markets Local Opportunities: $1,641 million [2] Additional Information - AUM for Artisan Sustainable Emerging Markets and U.S. Mid-Cap Growth Strategies includes $121.8 million for which Artisan Partners provides investment models to managed account sponsors [3] - Artisan Partners is a global investment management firm offering a range of investment strategies since 1994, focusing on attracting experienced investment professionals [4]

Group 1 - Invesco Ltd. reported preliminary month-end assets under management (AUM) of $2,024.5 billion, reflecting a 1.2% increase compared to the previous month-end [1][2] - The firm experienced net long-term inflows of $5.8 billion during the month, while non-management fee earning net outflows were $0.4 billion [1] - Money market net inflows amounted to $4.0 billion, and AUM was positively impacted by favorable market returns, which contributed an increase of $22 billion [1] - Foreign exchange (FX) fluctuations decreased AUM by $8.5 billion [1] - Preliminary average total AUM for the quarter through July 31 was $2,029.0 billion, with preliminary average active AUM at $1,095.9 billion [1] Group 2 - As of July 31, 2025, the total AUM was $2,024.5 billion, with specific allocations including $559.0 billion in ETFs & Index Strategies, $298.5 billion in Fixed Income, and $287.0 billion in Equities [2] - The AUM figures for previous months were $2,001.4 billion in June 2025, $1,942.7 billion in May 2025, and $1,840.0 billion in April 2025, indicating a consistent upward trend [2]

RT BRICS News (@BRICSinfo)JUST IN: 🇳🇴🇮🇱 Norway's $2 trillion sovereign wealth fund terminates Israel asset management contracts. https://t.co/3MUZ5YYzuP ...

Core Insights - BlackRock Inc. (BLK) achieved a record $12.53 trillion in assets under management (AUM) for Q2 2025, marking a 17.7% year-over-year growth, driven by higher inflows in equity and fixed income instruments [1][8] - Digital assets saw a significant increase of 329.3% during the quarter, highlighting BlackRock's strategic focus on the cryptocurrency sector [2] - The company has been expanding its AUM through product diversification and acquisitions, with a five-year compound annual growth rate (CAGR) of 9.2% from 2019 to 2024 [2] AUM Growth and Inflows - BlackRock's AUM growth was supported by inflows of $152 billion in the first half of 2025, continuing a multi-year upward trend [2][8] - The company became the first asset manager to surpass the $12 trillion mark in AUM [1][8] Acquisitions and Expansion - In July 2025, BlackRock agreed to acquire ElmTree Funds and completed the buyout of HPS Investment Partners to enhance its private market offerings [3] - The acquisition of Preqin for $3.2 billion in March 2025 further strengthened its private markets capabilities [3] - Previous acquisitions, including Global Infrastructure Partners in October 2024, have bolstered BlackRock's infrastructure offerings [3] ETF and Active Equity Focus - BlackRock is enhancing its iShares unit, which offers over 1,400 ETFs globally, and has received approval for spot Bitcoin and ether ETFs [4] - The company is also increasing its focus on the active equity business to support AUM growth [4] Peer Comparison - Competitors like SEI Investments and Invesco are also focusing on AUM growth, with SEI's AUM at $517.5 billion (up 10% year-over-year) and Invesco's AUM at $2 trillion (up 16.6%) as of June 30, 2025 [5][6] Price Performance and Valuation - BlackRock's shares have increased by 15.5% over the past six months, outperforming the industry growth of 2.4% [7] - The company trades at a forward price-to-earnings ratio of 22.44X, which is above the industry average [9] Earnings Estimates - The Zacks Consensus Estimate indicates an 8.6% year-over-year rise in BlackRock's 2025 earnings and a 9.6% growth for 2026, with upward revisions for both years [10]

Key Takeaways Last week, the U.S. markets experienced significant volatility. Major indexes, such as the Nasdaq Composite and the S&P 500, gained 1.88% and 0.94%, respectively, whereas the Dow Jones Industrial Average was largely flat. Investors are concerned about the health of the labor market and the impact of President Trump's escalating tariff threats, which could potentially slow down economic growth. However, strong corporate earnings have provided some sense of relief. The Institute for Supply Manag ...

Key Takeaways Investing in stocks based on valuation metrics is a proven strategy for identifying opportunities with strong upside potential. While the price-to-earnings (P/E) ratio is a popular tool for gauging value, it has its limitations, especially when evaluating companies that are unprofitable or still in their early growth phases. In such cases, the price-to-sales (P/S) ratio becomes particularly valuable. By comparing a company's market capitalization to its revenues, the P/S ratio offers a clearer ...

DENVER, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Crestone Air Partners ("Crestone") today announced the formation of Blue Crest Aviation Partners ("Blue Crest"), a new joint venture anchored by funds managed by Blue Owl Capital, Inc. ("Blue Owl"). The platform will seek to acquire mid-life commercial jet aircraft on lease to airlines globally, through a disciplined, income-oriented strategy. Crestone is a wholly owned subsidiary of Air T, Inc. (NASDAQ: AIRT) and benefits from Air T's integrated operating platform— ...

Market Overview - The current market environment reflects the excesses of 2021, with volatility returning in early August, prompting considerations for more defensive positioning [2] - Job data indicates a shaky labor market, with only 73,000 jobs added in July and unemployment rising to 4.2% [3] - The Personal Consumption Expenditures (PCE) price index reached 2.6% in June, marking the highest reading since February [3] - Market indices have achieved new all-time highs, driven by strong earnings, particularly from AI hyperscalers [3][4] Company Performance - The market is increasingly concentrated, with the "Magnificent Seven" companies dominating the S&P 500, potentially overshadowing over 400 other companies [4] - Companies that reported less-than-stellar Q2 results faced significant declines in their stock prices, indicating high expectations and stretched valuations in the S&P 500 [4] Dividend Aristocrats - Dividend Aristocrats are companies in the S&P 500 with a minimum of 25 years of consecutive dividend increases, providing stability and predictable profits [6][7] - Johnson & Johnson (JNJ) has a dividend yield of 3.00%, an annual dividend of $5.20, and a 64-year track record of dividend increases, with a payout ratio of 55.61% [9][10] - Cincinnati Financial (CINF) offers a lower dividend yield of 2.32% but has a 65-year history of raising dividends and a payout ratio of 30.18%, indicating strong sustainability [12][13] - T. Rowe Price (TROW) boasts a dividend yield of 4.84% and a 39-year track record of increases, with a manageable payout ratio of 56.76% and a strong cash position [15][16]