天眼查App显示，近日，长沙市国资产业控股集团有限公司发生工商变更，注册资本由50亿人民币增至 100亿人民币，增幅100%。该公司成立于2016年6月，法定代表人为余伟军，经营范围为国有资产管 理，实业投资、股权投资与产业并购整合，资产管理，物业管理，由长沙市人民政府国有资产监督管理 委员会、长沙市轨道交通集团有限公司、湖南省国有投资经营有限公司共同持股。 ...

中信金融资产(02799)发布公告，本公司于近日收到《国家金融监督管理总局关于刘泽云中国中信金融 资产管理股份有限公司副总裁任职资格的批复》(金复[2025]771号)，刘先生担任本公司副总裁的任职资 格已获得核准。根据相关规定及如公告所披露，刘先生履行本公司副总裁职务的任期自2025年12月29日 起，至董事会另聘或解聘为止。 ...

TORONTO, Dec. 30, 2025 /CNW/ - RBC Global Asset Management Inc. ("RBC GAM Inc.") today announced the final 2025 annual reinvested capital gains distribution amounts for unitholders of RBC ETFs and ETF Series of RBC Funds.The annual capital gains distributions for RBC ETFs and ETF Series of RBC Funds generally represent net realized capital gains within the RBC ETFs and ETF Series of RBC Funds, as applicable, and are typically not paid in cash, but are reinvested in additional units of the respective RBC ETF ...

Joining me now, Ron Santelis, CEO and CIO of Equitable Shares. Ron, thanks so much for being here. >> Caroline, thanks for having me today.I'm h happy to be here. >> Well, happy to have you. We are nearing the finish line for 2025.How would you describe current equity market conditions right now, Ron. >> You know, I think it's really been an extraordinary time, Caroline, when you think about it, right. the the S&P has annualized about 11% since 1970, but as of today, it's it's up over 23% a year for the las ...

Thinkstock Quick Read Point72 and Tudor Investment increased SPY positions to 5.89% and 4.19% of portfolios respectively. QQQ gained 21.67% year-to-date with over 50% allocation to technology and 53% in top 10 holdings. Ray Dalio raised his IVV stake by 4.83% to over 1M shares representing 10.62% of his portfolio. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. Hedge funds continued to make buy a ...

Core Insights - Founder-led companies, while representing less than 5% of the S&P 500, significantly influence the global economy, accounting for nearly 15% of the S&P 500's total market capitalization [2] - These companies often emerge from revolutionary ideas and technological innovations, designed for resilience and longevity, with founders typically facing initial skepticism from investors [3] - Research indicates that founder-led firms outperform their peers, generating a market-adjusted return of 12% over three years compared to a negative 26% for non-founder-led companies [4] Company Highlights - **NVIDIA Corporation**: - Market capitalization of approximately $4.58 trillion, recognized as a leader in visual computing and GPUs, with a strategic focus on AI-driven solutions [6] - The data center segment is a significant growth driver, fueled by increasing demand for cloud-based infrastructure [8] - **Palantir Technologies**: - Market capitalization of about $439 billion, specializing in advanced software platforms for the intelligence community [9] - The company raised its full-year 2025 revenue guidance to a midpoint of $4.398 billion, indicating a year-over-year growth of 53% [12] - **Blackstone Inc.**: - Market capitalization of about $190.4 billion, the largest alternative asset manager with over $1.24 trillion in assets under management [13] - The firm has a strong global footprint and continues to generate meaningful inflows, with available capital reaching $188.1 billion as of September 30, 2025 [16] - **Robinhood Markets**: - Market capitalization of approximately $105.6 billion, focused on modernizing investing and banking with a range of new products and services [17] - The company operates nine business segments, each generating over $100 million in annualized revenues, and aims to expand its footprint in the Asia-Pacific region [19][20]

Core Insights - Peter Schiff, Chief Economist of Euro Pacific Asset Management, has been recognized in CoinDesk's 50 Most Influential list, highlighting his impact in the financial sector [1] - Schiff expresses skepticism towards bitcoin, arguing that it does not possess the characteristics of sound money, which may influence investor sentiment towards cryptocurrencies [1] - The article discusses Schiff's prediction regarding the collapse of Strategy's business model, indicating potential challenges within the industry [1] - Schiff is pivoting towards blockchain technology with the introduction of a new tokenized gold product, suggesting a shift in investment strategies towards more traditional assets like gold [1]

Data center stocks have become a key focus for investors as artificial intelligence continues to drive demand for computing power, cloud infrastructure, and digital connectivity. One name now squarely in the spotlight is DigitalBridge (DBRG), after Japan’s SoftBank (SFTBY) agreed to acquire the data center investment firm in a $4 billion all-cash deal. The acquisition underscores SoftBank’s aggressive push into AI infrastructure and has sparked a sharp move in DigitalBridge shares. With the stock jumping ...

Core Insights - Invesco (IVZ) stock has shown remarkable performance in 2025, with a 53.5% increase, significantly outperforming the S&P 500 index's growth of 20.1% and the asset management industry's decline of 10.9% [1][8] - Compared to peers, Invesco has outperformed T. Rowe Price (TROW), which saw a 7.6% decline, and Franklin Resources (BEN), which gained 20.2% [2][8] Performance Metrics - Invesco's total assets under management (AUM) have experienced a compound annual growth rate (CAGR) of 8.5% over the past five years, despite a decline in 2022 [5][8] - As of September 30, 2025, passive products made up 47.4% of Invesco's total AUM, reflecting the company's strategic focus on this growing segment [6][8] Strategic Initiatives - In April 2025, Invesco partnered with MassMutual's subsidiary, Barings, to enhance its private credit offerings [9] - The company is seeking shareholder approval to convert the Invesco QQQ Trust from a unit investment trust (UIT) to an open-end ETF, which is expected to improve operational efficiencies and revenue generation [10] Operational Efficiency - Invesco has achieved $200 million in annualized net savings from the OppenheimerFunds acquisition, exceeding its cost synergy targets [11] - The company is actively managing its expenses, with adjusted operating expenses declining by 2.2% in 2024 [12] Global Presence - As of September 30, 2025, 31% of Invesco's client AUM was from outside the United States, bolstered by acquisitions and joint ventures aimed at expanding its global footprint [13][14] Financial Health - Invesco's total debt stood at $9.94 billion as of September 30, 2025, with cash and cash equivalents at $973.1 million, indicating a significant debt load [15] - The company has consistently raised its quarterly dividends, with a recent increase of 2.4% to 21 cents per share, reflecting a dividend payout ratio of 44% [16] Earnings Outlook - Analysts have revised the earnings estimates for Invesco upward, projecting a 13.5% year-over-year growth for 2025, with an estimated earnings per share of $1.94 [20] - The stock is currently trading at a forward P/E ratio of 10.31X, below the industry average of 14.91X, suggesting it is relatively undervalued [21] Conclusion - Invesco's strategic initiatives, strong global presence, and improving operational efficiency are expected to support its financial performance [24] - However, challenges such as muted top-line growth and significant intangible assets remain concerns for investors [24]

Investment Rating - The report maintains a pro-risk stance and is overweight on U.S. stocks, particularly focusing on the AI theme as a primary driver of investment opportunities [10][45]. Core Insights - The global economy and financial markets are undergoing significant transformation driven by mega forces, especially AI, which is expected to lead to unprecedented capital spending and investment opportunities [10][11]. - The AI buildout is characterized by a front-loaded investment model, where substantial capital is required upfront, while revenue generation is anticipated to occur later, creating a timing mismatch [14][18]. - The report emphasizes the importance of active investing to identify potential winners and losers in the evolving landscape shaped by AI and other mega forces [10][45]. Summary of Sections Investment Environment - The current investment environment is marked by high leverage, increased cost of capital, and concentrated market gains, necessitating significant investment decisions [24][50]. - AI is projected to contribute significantly to U.S. growth, with capital investment expected to triple its historical average in 2026 [25][32]. Themes - **Micro is Macro**: The AI buildout is dominated by a few large companies whose spending has macroeconomic implications, necessitating careful assessment of their financial viability [35]. - **Leveraging Up**: Companies are increasingly leveraging debt to finance the AI buildout, which could lead to vulnerabilities in the financial system [46][51]. - **Diversification Mirage**: Traditional diversification strategies may not provide the expected risk mitigation, as they often represent larger active bets on market drivers [57][60]. Mega Forces - The AI buildout faces constraints, particularly in energy and infrastructure, which could impact the pace and scale of development [67][68]. - Geopolitical fragmentation and the U.S.-China rivalry are reshaping economic and military dynamics, with AI at the center of this competition [77][78]. Future of Finance - The rise of stablecoins is transforming the financial landscape, bridging traditional finance and digital liquidity, with implications for credit provision and monetary control [86][90]. Private Credit - The private credit market is experiencing increased dispersion, with larger, established lenders remaining resilient while smaller entrants face challenges [95][98]. Infrastructure - Infrastructure investments are seen as essential for supporting the AI buildout, with current valuations not reflecting long-term potential [105][111]. Emerging Markets - Emerging markets are expected to benefit from improved credit fundamentals and rising quality in sovereign debt, particularly in India, which is positioned well for long-term growth [114][125].