Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors identify stocks with high potential for market outperformance [2] Zacks Style Scores Overview - The Zacks Style Scores categorize stocks based on value, growth, and momentum characteristics, assigning ratings from A to F [3] - Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [3] - Growth Score evaluates stocks based on projected earnings and sales growth, targeting companies with strong financial health [4] - Momentum Score identifies trends in stock prices and earnings estimates, assisting investors in timing their trades [5] - VGM Score combines the three Style Scores to highlight stocks with attractive value, growth potential, and positive momentum [6] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to guide investors in building successful portfolios, with 1 (Strong Buy) stocks achieving an average annual return of +23.93% since 1988 [7] - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9] - Stocks with lower ranks but high Style Scores may still pose risks if their earnings forecasts are declining [10] Company Spotlight: SEI Investments - SEI Investments Co. is a leading asset management firm based in Oaks, PA, specializing in wealth management solutions [11] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating moderate potential [11] - SEI Investments is particularly appealing to growth investors, with a Growth Style Score of B and a projected year-over-year earnings growth of 26.1% for the current fiscal year [12] - Recent upward revisions in earnings estimates and a Zacks Consensus Estimate of $5.56 per share further enhance its attractiveness [12]

Core Insights - Fidelity is set to launch its spot Solana ETF on November 18, following VanEck's launch on November 17, marking an increase in competition in the Solana ETF space [1][2] - BlackRock has not filed for a Solana ETF or any altcoin ETF, raising questions about its potential entry into this market [2][4] Group 1: ETF Launches - Fidelity's spot Solana ETF will have a management fee of 0.25% [2] - Bitwise's BSOL was the first US spot Solana ETP, trading on the NYSE with a trading volume of $450 million [5] - VanEck launched a Solana Staking ETF on November 17 with zero fees until February 2026, after which a 0.30% sponsor fee will apply [6] Group 2: Market Dynamics - Fidelity is positioned to potentially become the largest asset manager in the Solana ETF category, according to analysts [3] - Canary Capital is also preparing to launch its Solana ETF under the ticker SOLC [3] - The collaboration between Fidelity and Marinade Finance for the staking aspect of the fund indicates a strategic partnership in the ETF's management [4]

Core Viewpoint - Artisan Partners Asset Management Inc. has announced the acquisition of Grandview Property Partners, a real estate private equity firm, to enhance its investment capabilities and diversify its asset management strategies [1][4]. Company Overview - Artisan Partners manages approximately $182.6 billion in assets as of October 31, 2025, and is focused on high value-added investments and thoughtful growth across various asset classes [1][2]. - Grandview Property Partners specializes in middle market properties in the U.S. and has a strong track record with over $2.8 billion in gross investments and $3.3 billion in property sales since its founding [3][7]. Leadership and Team - Grandview is led by a seasoned team with an average of 22 years of collaboration, delivering top-quartile internal rates of return (IRRs) and consistent distributions to paid-in capital [3]. - The leadership includes founding partners Raj Menon, Dean Sotter, Eric Freeman, and Jeff Usas, who have extensive experience in real estate investment [3]. Strategic Implications - The acquisition is expected to advance Artisan's strategic expansion into alternative investments, particularly in private real estate, and create new growth pathways [4]. - Grandview will retain full investment autonomy within Artisan's multi-asset investment platform, allowing it to focus on delivering value-added outcomes for its limited partners [4]. Financial Aspects - The transaction is anticipated to close in the first quarter of 2026, subject to customary closing conditions, and is expected to be mildly accretive to Artisan's earnings per share after the closing of Grandview's next flagship fund [4].

Summary of Amundi Capital Markets Day - November 18, 2025 Company Overview - **Company**: Amundi (OTCPK:AMDU.F) - **Event**: 2025 Capital Markets Day - **Date**: November 18, 2025 Key Industry Insights - **ETF Market Growth**: The ETF market in Europe has reached €2,400 billion and is growing three times faster than traditional asset management, driven by rising wealth, growing retirement needs, and digitalization of savings [5][6] - **Amundi's Position**: Amundi has become the number one European ETF provider following the acquisition of Lixor in 2022, with AUM exceeding €300 billion [6][8] Strategic Goals and Financial Targets - **Flow Target**: Amundi aims to achieve €100 billion in net flows by 2028 [2] - **ETF and Indexing Platform Target**: The target for the ETF and indexing platform was set at €420 billion for 2025, which has already been surpassed with €481 billion [8] - **Adjusted EPS Target**: The adjusted EPS target is set to exceed €7 by 2028, with a cost-income ratio below 56% [80][86] Growth Drivers - **Client Segmentation**: Amundi has diversified its client base, with approximately half of AUM from retail clients and the other half from asset owners and asset managers [8][9] - **Digital Channel Growth**: AUM from digital channels has quadrupled, with significant growth in Germany and the UK [9] - **Active ETF Market**: The AUM of Active ETFs in Europe has doubled and is expected to triple by 2029, presenting a lucrative opportunity for Amundi [18] Innovation and Product Development - **New ETF Launches**: Amundi plans to launch around 50 new ETFs over the next three years, focusing on client-centric innovations [17] - **Active ETF Launches**: A total of 20 new active ETFs are planned by 2028, enhancing Amundi's product offerings [20] - **Technology Integration**: Amundi Technology aims to double revenues by 2028, focusing on data management and AI solutions [44][59] Market Trends and Client Needs - **Retail Investor Growth**: The number of self-directed investors in Europe is projected to double in the next three years, with Germany and the UK leading the growth [24] - **Institutional Client Engagement**: Amundi targets a 50% increase in institutional clients equipped with ETF and index solutions over the next three years [29] Financial Management and Shareholder Returns - **Dividend Policy**: Amundi commits to a dividend payout ratio of more than 65% and plans to return excess capital to shareholders through share buybacks [93][95] - **Cost Control**: The company emphasizes maintaining industry-leading cost efficiency while investing in future growth [86][97] Conclusion - **Long-term Vision**: Amundi's "Invest for the Future" strategy aims to drive growth and value creation, reinforcing its position as a leading global asset manager [99]

Core Insights - The SEC has approved Dimensional Fund Advisors to offer exchange-traded fund (ETF) share classes alongside traditional mutual fund shares, making it the second asset manager to secure this capability after Vanguard [1][2] - Dimensional is the first firm to apply this hybrid model to actively managed products, which could enhance its competitive position in the market [2][4] - The approval may lead to a broader trend of hybrid fund structures across the asset management industry, with nearly ninety other firms awaiting similar approvals [4][5] Group 1: SEC Approval and Hybrid Model - The SEC's order grants Dimensional exemptions from several provisions of the Investment Company Act of 1940, allowing for the operation of both ETF and mutual fund classes within the same fund structure [3][2] - The hybrid model enables asset managers to offer lower-cost ETF shares alongside traditional mutual fund shares, potentially attracting investors seeking tax efficiency and intraday trading [6] Group 2: Competitive Landscape - Vanguard pioneered the hybrid structure but primarily focuses on passive index funds, while Dimensional's approval extends this framework into active management, where higher fees and differentiation are typical [5] - James Seyffart from Bloomberg Intelligence predicts an imminent surge of approvals for firms awaiting similar authorizations, indicating a shift in the competitive landscape [5] Group 3: Solana ETF Market - VanEck launched the third U.S. Solana staking ETF, entering a competitive field where Bitwise and Grayscale have captured over $380 million since late October [7] - Fidelity is set to debut its Solana ETF on November 19, with a competitive fee structure, highlighting the scale advantage of larger asset managers in this category [8]

Core Insights - Lawrence Fuller has 30 years of experience managing portfolios, 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] Company Overview - Fuller Asset Management (FAM) is a state-registered investment adviser led by Lawrence Fuller [3] - The firm emphasizes an all-weather investment strategy aimed at achieving consistent risk-adjusted market returns [1][3] Investment Strategy - The Portfolio Architect group, led by Fuller, focuses on economic and market outlooks to complement its investment strategies [1] - FAM offers portfolio construction guidance, access to model portfolios, and various reports and alerts to its clients [1] Platform Features - Dub is highlighted as the first copy-trading platform in the US, enabling retail investors to replicate the trades of selected managers [1] - The platform includes features such as a daily brief, a week-ahead newsletter, and 24/7 chat support for investors [1]

2028 Targets - Amundi aims for an adjusted EPS greater than €7 in 2028[15] - The company targets a cost-to-income ratio of less than 56% by 2028[15] - Amundi plans to maintain a payout ratio of at least 65% over the period of 2025-2028[13, 15] - The company is targeting +€300 billion in cumulated net inflows from 2025-2028 on growth priorities[15] Strategic Priorities - Amundi intends to accelerate diversification, focusing on high-potential segments like retirement and digital distribution[32, 35, 36] - The company aims to expand its global footprint, particularly in Asia, with a target of +€150 billion in net inflows from 2025-2028[32, 37, 38] - Amundi plans to invest in private assets and ETFs, differentiate and optimize active investment strategies, and lead in responsible investment[32, 40, 41] - The company aims to conquer through digitalization and technology, seeking to double its FY 2028 revenues compared to 2024, with a 2024 baseline of approximately €95 million[32, 42, 43] ICG Partnership - Amundi has formed a major partnership with ICG in private assets, expecting a return on investment of ≥10% within 3 years and an EPS accretion of approximately 5% in 2028[44, 56, 57] - ICG has $123 billion in AuM as of March 2025, which is a x2 growth from March 2021 with $56 billion[50] ETF Business - Amundi is the 1 European ETF provider, with +€55 billion in net inflows in 2025[98] - Amundi's ETF & Indexing AuM reached €314 billion in September 2025, compared to €190 billion in 2021, representing a x1.6 increase[98] - Amundi plans to launch +50 new ETFs by 2028[104]

才，包括既熟悉金融又熟悉科技、数字等相关领域的复合型、交叉型人才，既了解国内又了解国际金融 市场的国际化金融人才，既懂金融业务又懂经营管理的领军型金融人才。 中国青年报客户端讯（陈云富 王淑娟 中青报·中青网记者 王烨捷）11月17日，第十四届"沪上金融家"评 选结果公布，21名上海金融英才分获"上海国际金融中心建设年度人物""沪上金融行业领军人物""沪上 金融行业创新人物"三大奖项。 据悉，本届"沪上金融家"评选采用自主报名、推举委员会提名，媒体评审、网络投票、专家评审相结合 的方式，最终评选出3位"上海国际金融中心建设年度人物"、8位"沪上金融行业领军人物"及10位"沪上 金融行业创新人物"。其中，浦发银行党委副书记、行长，浦发银行研究院院长谢伟，中国建设银行上 海市分行党委书记、行长刘军，中保投资公司党委书记、董事长，上海资产管理协会会长贾飙荣获"上 海国际金融中心建设年度人物"。 数据显示，2025年前9个月，上海金融市场交易总额达2967.83万亿元，同比增长12.7%，股票总市值、 银行间债市规模位居世界前列；同时，数字人民币国际运营中心投入运营，上海自贸离岸债成功发行， 绿色金融、科技金融等特色 ...

Core Points - Caliber has regained compliance with Nasdaq's minimum stockholders' equity requirement, closing the matter with the Nasdaq Listing Qualifications Department [1][2] - The company reported a stockholders' equity of at least $2,500,000, meeting the Nasdaq Listing Rule 5550(b)(1) [1] - Caliber's CEO, Chris Loeffler, emphasized the improved financial position and commitment to long-term shareholder value [2] Company Overview - Caliber (Nasdaq: CWD) is a diversified real estate and digital asset management platform with over $2.7 billion in managed assets [3] - The company has a 16-year track record in private equity real estate investing, focusing on hospitality, multi-family, and industrial real estate [3] - In 2025, Caliber launched a Digital Asset Treasury strategy, becoming the first U.S. public real estate platform to do so, which integrates real and digital asset investing [3]

Core Viewpoint - The launch of Fidelity's spot Solana ETF is expected to boost Solana's market position and potentially trigger a price rally for the cryptocurrency, which is currently the sixth largest in the world [1][3]. Group 1: Market Impact - Analysts predict that the combination of Fidelity's ETF launch and the recovery of the broader crypto market could lead to a price increase of up to 16% for Solana this month, with a target range of $156–$160 by late November [2]. - Solana's price has decreased by 27% over the past month, currently trading at $137 [2]. Group 2: Institutional Interest - The launch of Fidelity's ETF signifies a major shift in Wall Street's perception of digital assets, as financial giants are increasingly entering the crypto space, encouraged by favorable regulatory conditions [3]. - Canary Capital is also set to launch its SOLC fund, which will incorporate Solana's staking capabilities, indicating growing institutional interest in Solana [4]. Group 3: Competitive Landscape - Fidelity's move to launch a Solana ETF highlights the absence of BlackRock, a major player in the crypto ETF market, which has not yet announced plans for a spot Solana ETF, presenting a potential opportunity for Fidelity [6]. - The recent success of Canary's XRP ETF, which saw nearly $250 million in first-day inflows, sets a precedent that Solana may also benefit from [5].