Group 1 - Pictet Asset Management is expanding its presence in the U.S. market with a new core equity ETF offering [1] - The Pictet AI Enhanced US Equity ETF (PQUS) commenced trading on the NYSE Arca on February 26 [1]

State Street Unveils High Yield Target Maturity ETF SuiteOn Thursday, February 26, 2026, State Street Investment Management expanded its ever-growing collection of exchange-traded funds with the launch of five new funds. These new funds are part of an actively managed suite of high yield bond ladder ETFs. The new funds include the [State Street My2027 High Yield Corporate Bond ETF (MYHA)], [State Street My2028 High Yield Corporate Bond ETF (MYHB)], [State Street My2029 High Yield Corporate Bond ETF (MYHC)], ...

LONDON--(BUSINESS WIRE)--Janus Henderson Group plc (NYSE: JHG; "JHG," "Janus Henderson,†or the "Company†) today confirmed that the Special Committee of the Janus Henderson Board of Directors (the "Special Committee†) received an unsolicited, non-binding proposal. On December 22, 2025, Janus Henderson announced that it had entered into a definitive merger agreement (the "merger agreement†) providing for the acquisition of Janus Henderson by Trian Fund Management, L.P. and its affiliated funds (. ...

Gold Forecasts Put Some Shine on This ETF | ETF TrendsGold's indomitable run has carried over into 2026 and the stars are aligning for more upside. Attribute some of that bull case to strong gold ETF inflows around the world.Speaking of gold ETFs, which are among the most popular avenues for accessing the commodity, the [NEOS Gold High Income ETF (IAUI)] is worthy of closer examination. Not yet a year old, IAUI has become a force in the gold income arena. Indeed, the NEOS fund may be poised for more momentu ...

Low-Cost Active ETFs Post Higher Success RatesLow-cost active ETFs succeeded at nearly double the rate of their expensive counterparts over the past decade, according to Morningstar's year-end 2025 Active/Passive Barometer [report], underscoring how fees remain the primary hurdle for active managers attempting to outpace index funds.The research found that 31% of active funds in the cheapest quintile of their categories beat their average passive peer over 10 years. This is compared with just 17% for the pr ...

The asset management landscape continues to evolve with Victory Capital Management affirming its fully financed, actionable proposal to acquire Janus Henderson Group, which rivals a previous bid from ... ...

Financial Data and Key Metrics Changes - In 2025, the company generated a GAAP return on equity of negative 0.7% and a total return on common stock of negative 15.2%, with cash distributions of $1.98 per share, representing 15% of the average stock price during the year [5][9] - The fourth quarter net investment income was $0.03 per share, down from $0.39 per share in the prior quarter, primarily due to a decline in SOFR and continued tightening in loan spreads [8][19] - The company's NAV decreased to $13.31 per share as of December 31, down from $14.21 per share at the end of September [9][21] Business Line Data and Key Metrics Changes - Paydowns within the CLO debt portfolio totaled $147 million during 2025, with early repayments contributing to realized capital gains of $0.12 per share [6][7] - The company participated in 10 resets and 6 refinancings across its CLO equity portfolio, resulting in average CLO debt cost savings of 46 basis points [7] - Recurring cash flows for the fourth quarter totaled $19 million, or $0.79 per share, representing an 18% increase quarter-over-quarter [9] Market Data and Key Metrics Changes - The S&P UBS Leveraged Loan Index posted a 1.2% return for the fourth quarter and a 5.9% return for the entirety of 2025, with the trailing twelve-month default rate decreasing from 1.5% to 1.2% [15][16] - CLO new issuance rose to $55 billion in the fourth quarter, totaling $209 billion for 2025, surpassing the previous year's record [16] - The company's portfolio's default exposure was 32 basis points as of December 31 [15] Company Strategy and Development Direction - The company actively managed its portfolio to seek opportunities across CLO debt and equity, as well as other asset classes beyond CLOs, reflecting a flexible investment strategy [4][10] - The company plans to continue repurchasing shares when trading at material discounts to NAV, viewing this as an attractive use of capital [12][23] - The management believes the current market environment presents compelling opportunities for patient, well-capitalized investors [23] Management's Comments on Operating Environment and Future Outlook - Management noted that the CLO market faced challenging conditions in 2025, with factors such as reduced SOFR levels and loan spread compression impacting performance [4] - Looking ahead, management expressed confidence in healthy underlying borrower fundamentals and a disciplined approach to capital allocation [5][23] - The company anticipates a robust pipeline of refinancings and resets, which could help lower liability costs in the CLO equity portfolio [23] Other Important Information - The company completed the full redemption of its 7.75% Series B Term Preferred Stock and announced plans to redeem the 8% Series C Term Preferred Stock [11] - As of January month-end, the company had $85 million of cash and revolver capacity available for investment [22] Q&A Session Summary Question: Follow-up on realized losses due to underperforming managers - Management indicated that underperforming managers had credit issues and loan spread compression, leading to a rotation into better-performing CLOs and other asset classes [26][27] Question: Source of funds for redeeming Series C Term Preferred Stock - Management confirmed that the redemption would be funded through a combination of the new revolver and cash on hand, along with proceeds from CLO debt repayments [29] Question: Expectation of balance sheet investment portfolio shrinkage - Management clarified that while redeeming preferred stock, they would continue to opportunistically buy back stock and maintain a leverage ratio within the target range [35] Question: Focus on alternative credit assets - Management stated that investments in non-CLO asset classes are being made across the Eagle Point platform, with dedicated teams focusing on these opportunities [37]

Retirement experts share actionable insights on retirement income, investment planning and Social Security to help shape decisions in the year ahead NEW YORK, Feb. 26, 2026 /PRNewswire/ -- J.P. Morgan Asset Management today released the 14th edition of its annual Guide to Retirement, delivering new insights into the ever changing dynamics of retirement planning. The 2026 edition explores timely topics, such as the impact of spending patterns, Social Security readiness, the role of alternatives in 401k plans ...

Financial Data and Key Metrics Changes - In 2025, the company generated a GAAP return on equity of negative 0.7% and a total return on common stock of negative 15.2%, assuming reinvestment of distributions [5] - The company paid $1.98 per share in cash distributions, representing 15% of the average stock price during the year [5] - The net investment income for the fourth quarter was $0.35 per share, down from $0.39 per share in the prior quarter [7] - The GAAP net loss for the fourth quarter was $15 million or $0.60 per share, compared to a GAAP net income of $0.43 per share in the third quarter [18] Business Line Data and Key Metrics Changes - Paydowns within the CLO debt portfolio totaled $147 million during 2025, contributing to early repayments [5] - The company participated in 10 resets and 6 refinancings across its CLO equity portfolio, resulting in average CLO debt cost savings of 46 basis points [6] - Recurring cash flows for the fourth quarter totaled $19 million or $0.79 per share, an 18% increase quarter-over-quarter [8] Market Data and Key Metrics Changes - The trailing twelve-month default rate decreased from 1.5% at the end of September to 1.2% as of December 31st, below the long-term average of 2.6% [14] - CLO new issuance rose to $55 billion in the fourth quarter, totaling $209 billion for 2025, surpassing the previous year's record [15] - The S&P UBS Leveraged Loan Index posted a 1.2% return for the fourth quarter and a 5.9% return for the entirety of 2025 [13] Company Strategy and Development Direction - The company actively managed its portfolio, seeking opportunities across CLO debt and equity, as well as other asset classes beyond CLOs [4] - The company plans to continue its share repurchase program, viewing its stock as undervalued and an attractive use of capital [11] - The management believes the current market environment represents a compelling opportunity for patient, well-capitalized investors [24] Management's Comments on Operating Environment and Future Outlook - Management noted that the CLO market faced challenging conditions, with reduced SOFR levels impacting CLO debt investment income and ongoing loan spread compression affecting CLO equity [4] - The company remains constructive on CLO market fundamentals, with a robust pipeline of refinancings and resets expected to lower liability costs [24] - Management emphasized the importance of active portfolio management amid dynamic market conditions, focusing on relative value and disciplined capital allocation [22] Other Important Information - The company's NAV decreased to $13.31 per share as of December 31st, down from $14.21 per share at the end of September [8] - The company completed the full redemption of its 7.75% Series B Term Preferred Stock and announced plans to redeem the 8% Series C Term Preferred Stock [10] Q&A Session Summary Question: Follow-up on realized losses due to underperforming managers - Management indicated that underperforming collateral managers faced credit issues and loan spread compression, leading to a rotation into better-performing CLOs and other asset classes [26][28] Question: Source of funds for redeeming Series C Term Preferred Stock - Management confirmed that the redemption would be funded through a combination of cash on hand and the new revolving credit facility [29] Question: Non-recurring items in earnings - Management stated there were no non-recurring items in the earnings for the quarter [35] Question: Expectation of balance sheet investment portfolio shrinkage - Management clarified that while redeeming preferred stock, they have been opportunistically buying back stock and do not expect a significant shrinkage in the investment portfolio [36] Question: Focus on alternative credit assets - Management explained that investments in alternative credit assets are made across the Eagle Point platform, with dedicated teams focusing on these opportunities [37][39]

uh you know I well actually I'm keeping an eye on on FSK but I want to come back to that later that's a KKR related entity uh that's down but I do want to come to an interesting fight that's brewing over Janice >> Janice yes >> and I wanted to report on that >> the gym broke us the first time invest came along >> I mean then I this morning I said oh my god I hope favor of something I'm embarrassed >> I got I got plenty baby I got plenty for you um this is an interesting one a company called Victory Capital ...