Group 1 - The ex-dividend date and record date for all BMO ETFs and ETF Series of BMO Mutual Funds is set for February 26, 2026 [1] - A special reinvested distribution for unitholders of BMO Global Communications Index ETF will be announced, representing net realized capital gains and net income [2][3] - The reinvested distribution will be made in additional Canadian dollar denominated units of the ETF at a price equal to the net asset value per unit [2] Group 2 - Unitholders of record on February 26, 2026, will receive the reinvested distribution, with the taxable amount reported to brokers in early 2027 [3] - Distribution rates may change based on market conditions, and the payment of distributions should not be confused with the fund's performance [4] - BMO Global Asset Management operates under the brand name of BMO Asset Management Inc. and BMO Investments Inc., offering products designed for various categories of investors in Canada [5]

Group 1 - Blue Owl Capital's shares fell nearly 3% in pre-market trading following the sale of $1.4 billion in loan assets from three private debt funds [1] - The sale involved four North American pension and insurance investors, with the loans sold at 99.7% of par value [1] - The largest portion of the sale came from the Blue Owl Capital Corporation II fund (OBDC II), which sold $600 million in loans, representing about 34% of its $1.7 billion portfolio [2] Group 2 - Following the sale, OBDC II will discontinue regular quarterly liquidity payments to its investors, marking a significant change in its strategy [2] - The stock was reported down 2.8% in pre-market trading as of 8:06 a.m. ET [2]

Economist Mohamed El-Erian took to X (formerly Twitter) on Thursday morning with a question after Blue Owl Capital Inc (NYSE:OWL) permanently halted redemption at its retail private credit fund.“Is this a ‘canary-in-the-coalmine’ moment, similar to August 2007?” El-Erian wrote, citing a Financial Times report that Blue Owl “will permanently restrict investors from withdrawing their cash from its inaugural private retail debt fund.” The idiom references the historical mining practice of using caged canaries ...

Core Viewpoint - Russia's oil and gas revenue is projected to nearly halve year-on-year in February 2026, primarily due to a stronger rouble and declining oil prices, with expected revenue at 410 billion roubles ($5.35 billion) [1][1][1] Revenue Analysis - The oil and gas sector is crucial for the Russian economy, contributing over 20% to federal budget revenues, which have been significantly impacted by increased defense and security expenditures since the onset of the military campaign in Ukraine in February 2022 [1][1][1] - Monthly revenue is anticipated to rise by 3.1% from January, attributed to a subsidy known as a damper payment, which oil refineries typically receive [1][1][1] - The expected damper payment from oil companies to the state this month is 42 billion roubles, as selling fuel abroad has become less profitable due to current fuel prices [1][1][1] Year-to-Date Projections - Cumulatively, Russia's oil and gas revenue for January and February 2026 is expected to total 800 billion roubles, a decrease from 1.56 trillion roubles in the same period of 2025 [1][1][1] - The budget forecasts total income from oil and gas sales for the year at 8.92 trillion roubles, with overall budget revenue for 2026 projected at 40.283 trillion roubles [1][1][1] - In the previous year, federal budget revenue from oil and gas fell by 24% to 8.48 trillion roubles, marking the lowest level since 2020 [1][1][1]

Nuveen's takeover of Schroders undervalues asset manager, top 25 shareholder says | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A man walks past the logo of investment management company Schroders at a branch in Zurich, Switzerland November 5, 2018. REUTERS/Arnd Wiegmann/File Photo [Purchase Licensing Rights, opens new tab]LONDON, Feb 19 (Reuters) - Nuveen's agreed 9.9 billion pounds ($13.3 billion) takeover of Schroders [(SDR.L) ...

Core Viewpoint - Sprott Inc. reported significant growth in Assets Under Management (AUM) and net income for the year ended December 31, 2025, driven by market value appreciation and strong demand for precious metals and critical materials [2][11][20]. AUM Highlights - AUM reached $59.6 billion as of December 31, 2025, representing a 21% increase from $49.1 billion as of September 30, 2025, and an 89% increase from $31.5 billion as of December 31, 2024 [2][3]. - The growth in AUM was attributed to market value appreciation across fund products and $3.9 billion in net sales, particularly in the Exchange Listed Products segment [2][3]. Revenue Highlights - Management fees for the quarter were $63.8 million, up 54% from $41.4 million for the same quarter in 2024, and $199 million for the full year, up 28% from $155.3 million in 2024 [6]. - Carried interest and performance fees for the quarter were $38.1 million, a significant increase from $2.5 million in the same quarter of 2024, and $54.7 million for the full year, up from $7.3 million in 2024 [6]. - Total net revenues for the year were $285.1 million, compared to $178.7 million in 2024, reflecting strong performance across various segments [20]. Expense Highlights - Net compensation expense for the quarter was $20.9 million, up 22% from $17 million in the same quarter of 2024, and $75.1 million for the full year, up 12% from $66.8 million in 2024 [5]. - Stock-based compensation expense for the quarter was $28.2 million, significantly higher than $5 million in the same quarter of 2024, due to a transition to a cash-settled stock-based compensation plan [5][21]. - SG&A expenses were $5.1 million for the quarter, a slight increase from $4.9 million in the same quarter of 2024, while full-year SG&A expenses decreased to $18.5 million from $18.8 million in 2024 [7]. Earnings Summary - Net income for the quarter was $28.7 million ($1.11 per share), up from $11.7 million ($0.46 per share) in the same quarter of 2024, and $67.3 million ($2.61 per share) for the full year, up 37% from $49.3 million ($1.94 per share) in 2024 [11][22]. - Adjusted EBITDA for the quarter was $42.1 million ($1.63 per share), an 88% increase from $22.4 million ($0.88 per share) in the same quarter of 2024, and $121.4 million ($4.71 per share) for the full year, up 43% from $85.2 million ($3.35 per share) in 2024 [11][24]. Subsequent Events - As of February 13, 2026, AUM increased to $70.1 billion, reflecting an 18% rise from $59.6 billion as of December 31, 2025, driven by $7.7 billion in market value appreciation and $2.8 billion in net inflows [11]. - The Board of Directors announced a quarterly dividend of $0.40 per share on February 18, 2026 [11].

Financial Serenity is a financial analysis and quantitative research column with a particular focus on the asset management sector. It is actively managed by Tommaso Scarpellini, a seasoned financial researcher and data analyst with proven experience in banking and financial analytics platforms. This initiative aims to provide an in-depth analysis of the dynamics driving the asset management market. On Seeking Alpha, we combine insights from rigorous data analysis with actionable opinions and ratings on ETF ...

The proportion of large-cap active mutual funds outperforming their benchmark so far this year is the highest since 2007 as equity market gains broaden beyond big tech, according to Goldman Sachs Group Inc. strategists. Among these funds, 57% are exceeding their benchmarks year-to-date, the team including Ryan Hammond wrote in a note. That’s far above the average of 37% since 2007 with Hammond putting the reason partly down to weak returns from mega-cap tech stocks. Most Read from Bloomberg “Investors ...

回望2025年，全球经济分化加剧，美联储降息周期启幕，地缘政局扰动持续，关税事件推动市场波动加 大，全球投资者纷纷重新审视资产组合的风险敞口，资本市场经历了复杂多变的考验。香港作为连接中 国与世界的枢纽，凭借"一国两制"制度优势、独特的区位优势、中央政府及祖国内地的大力支持，逆势 突围、亮点纷呈，吸引全球资金流入，持续巩固并提升其国际金融中心地位。 2025年以来，香港资本市场屡创佳绩、硕果累累。这一年，港股IPO规模强势重返全球第一，全年集资 总额达2858亿港元，其中，中资企业IPO数量占比超90%，119家上市企业中，新经济公司占比超三分之 二，市场打新赚钱效应凸显，持续刷新记录的正面数据彰显了市场的活力与吸引力。 这一年，香港现货市场日均成交额同比增长89.5%，达到2498亿港元。衍生产品、ETP成交均创历史新 高，其中ETP市场超越日韩跃居全球第三，恒生科技指数ETF规模持续攀升。 这一年，南向资金年内净买入港股金额接近1.41万亿港元，刷新历史纪录，为市场注入充沛流动性。根 据广发证券1月末发布的报告，2024年9月以来，南向资金在港股市场的成交额占比显著提升至20%-30% 区间，较2024年 ...

Core Viewpoint - Franklin Templeton and Binance have launched a new institutional off-exchange collateral program that allows institutions to use tokenized money market fund shares as collateral for trading on Binance, enhancing security and capital efficiency in digital markets [2][3]. Group 1: Program Details - The program enables institutional traders to utilize regulated, yield-bearing money market fund assets in digital markets without needing to deposit those assets on an exchange [3][5]. - Tokenized money market fund shares issued through Franklin Templeton's Benji Technology Platform can now be used as off-exchange collateral, with the actual assets held securely in regulated custody [3][4]. - Ceffu, Binance's institutional custody partner, supports the custody and settlement infrastructure for this program [4][11]. Group 2: Institutional Benefits - The initiative addresses a significant challenge for institutional traders by allowing them to earn yield while maintaining control over their assets, thus reducing counterparty risk [3][5]. - The program is designed to meet the increasing demand for stable, yield-bearing collateral that can operate 24/7, enhancing the trading experience for institutional investors [7]. Group 3: Strategic Collaboration - The collaboration between Franklin Templeton and Binance aims to bridge traditional finance and digital assets, showcasing how blockchain technology can improve market efficiency [4][6]. - This program is part of a broader effort to expand both companies' networks of off-exchange program partners, following their strategic collaboration announcement in September 2025 [5].