Core Viewpoint - A significant shift is anticipated in the stock market, suggesting a potential transition from growth stocks to value stocks as the latter are currently undervalued and may outperform in the near future [4][7][8]. Group 1: Market Trends - Growth stocks have consistently outperformed value stocks since the late 1990s, driven by technological advancements and low interest rates [4][6]. - Morningstar's Q3 2025 Stock Market Outlook indicates that value stocks are undervalued relative to the broader market, presenting a potential investment opportunity [7]. - U.S. value stocks are currently trading at a price-to-earnings ratio of 10, significantly lower than the 30 for growth stocks, indicating a potential for higher returns [8]. Group 2: Performance of Key Stocks - The "Magnificent Seven" stocks, which have driven market gains, are now lagging behind the broader market, suggesting a possible shift in market leadership [8][11]. - Major growth stocks like Apple, Alphabet, and Tesla have seen declines year-to-date, while the S&P 500 has increased by 6%, indicating a potential trend reversal [11]. Group 3: Economic Factors - Concerns about economic slowdown and market crashes are rising among U.S. consumers, with 46% expressing serious concerns, which could disproportionately affect overvalued growth stocks [13][14]. - The Federal Reserve's sustained high interest rates are impacting growth companies more than value companies, which are better suited to navigate such conditions [15]. Group 4: Investment Strategy - The Vanguard Value ETF offers a trailing dividend yield of just under 2.2%, providing a reliable income stream for investors amid less exciting growth potential [17]. - Investors are encouraged to consider a balanced portfolio that includes both value and selective growth investments, allowing for defensive positioning while still pursuing growth opportunities [18][19].

Core Insights - Financial Serenity focuses on the asset management sector, providing in-depth analysis of market dynamics [1] - The initiative combines data analysis with actionable opinions and ratings on ETFs and trending instruments [1] - The mission is to deliver valuable, data-driven perspectives to assist investors in making informed decisions [1] Company and Industry Summary - The column is actively managed by Tommaso Scarpellini, a seasoned financial researcher with experience in banking and financial analytics [1] - The content aims to help investors navigate the evolving asset management market through rigorous data analysis [1]

Core Viewpoint - BlackRock is expected to report improved second-quarter 2025 results, with revenues and earnings anticipated to show year-over-year growth [1][11]. Group 1: Performance and Estimates - BlackRock's first-quarter 2025 earnings exceeded the Zacks Consensus Estimate, driven by revenue growth and a record high AUM of $11.58 trillion, influenced by net inflows and favorable forex impacts [1][2]. - The Zacks Consensus Estimate for total AUM in Q2 is $11.68 trillion, reflecting a 9.7% year-over-year increase, while the company's own estimate is $11.66 trillion [5]. - The consensus estimate for second-quarter earnings is $10.77 per share, indicating a 4% increase from the previous year, with sales expected to rise by 12% to $5.38 billion [11]. Group 2: Revenue Components - BlackRock is projected to see growth in investment advisory, administration fees, and securities-lending revenues, with a consensus estimate of $4.36 billion, representing a 12.6% year-over-year rise [6]. - The estimate for investment advisory performance fees is $156.6 million, showing a decline of 4.5%, while distribution fees are expected to rise by 1.7% to $323.3 million [7]. - Technology services revenues are estimated at $493.7 million, indicating a 25% year-over-year increase [7]. Group 3: Expenses and Strategic Initiatives - Total expenses for BlackRock are estimated at $3.33 billion, suggesting a year-over-year rise of 10.7, driven by restructuring initiatives and expansion efforts [9]. - The company continues to enhance its AUM through diversified offerings and strong revenue mix, with the listing of bitcoin ETPs contributing positively [4][5]. Group 4: Market Position and Outlook - BlackRock maintains a strong position in the ETF market, with over 1,400 ETFs globally, and the approval of spot Bitcoin and ether ETFs likely contributing to AUM growth [3]. - The company has a positive Earnings ESP of +1.28% and a Zacks Rank of 2 (Buy), indicating a high likelihood of beating the consensus estimate for earnings [10].

Core Viewpoint - The newly released "Financial Institutions Product Appropriateness Management Measures" aims to enhance consumer protection by ensuring financial institutions fulfill their suitability obligations when selling products, effective from February 1, 2026 [1] Group 1: Regulatory Framework - The measures consist of five chapters and forty-nine articles, focusing on the appropriateness management obligations of financial institutions [1] - The regulation emphasizes the need for financial institutions to sell suitable products through appropriate channels to the right customers, thereby helping consumers identify risks and make informed choices [1][2] Group 2: Product Design and Development - Financial institutions are required to consider the needs of target customer groups during product design and development, ensuring consumer rights protection [2] - Clear definitions of product attributes, risk levels, and suitable customer ranges are mandated [2] Group 3: Third-Party Collaboration - The measures clarify the supervisory responsibilities of product issuers towards third-party marketing partners, ensuring compliance with marketing content and methods [3] Group 4: Sales Practices - Financial institutions must enhance qualification management for sales personnel, ensuring they possess the necessary product sales qualifications and undergo continuous training [4] - A balanced incentive and assessment mechanism for sales personnel is required, incorporating compliance and customer feedback rather than solely focusing on sales performance [4] Group 5: Consumer Protection for Seniors - Special obligations are imposed on financial institutions when selling high-risk products to clients aged 65 and above, including tailored sales procedures and enhanced risk disclosures [5] Group 6: Private Investment Products - The measures strengthen the assessment of private investors' risk tolerance, requiring financial institutions to evaluate investors' asset size, income levels, and investment experience [6] - Private products must not be marketed to the general public, and strict information disclosure obligations are enforced prior to sales [6][7] Group 7: Insurance Products - Financial institutions are required to implement classified and graded management for insurance products, conducting demand analysis and financial capability assessments for policyholders [7] - Risk rating and policyholder risk tolerance evaluations are necessary for investment-linked insurance products [7]

Group 1: Company Performance - Victory Capital Holdings, Inc. (VCTR) reported assets under management (AUM) of $298.6 billion for June 2025, reflecting a 3.2% increase from May 31, 2025 [1][8] - U.S. large-cap equity AUM rose 4.9% to $61.8 billion, while U.S. mid-cap equity AUM increased 1.8% to $31.6 billion [1][8] - Solutions assets reached $79.9 billion, up 4.7% from May 2025, and fixed-income AUM totaled $79.7 billion, representing a 1% increase [2][8] Group 2: Market Positioning - The strong positioning of VCTR's integrated multi-boutique business model in a fast-expanding market is expected to boost its performance in the near term [3] - Over the past six months, VCTR shares have gained 29.9%, outperforming the industry's growth of 21.7% [4] Group 3: Comparison with Other Asset Managers - Franklin Resources, Inc. (BEN) reported preliminary AUM of $1.61 trillion as of June 30, 2025, which increased 2.1% from the prior month [7] - Invesco (IVZ) reported AUM of $2 trillion as of June 30, 2025, increasing 3% from the previous month, with strong market returns contributing to a $58 billion increase [9][10]

Core Insights - Fundstrat Granny Shots US Large Cap ETF (GRNY) has quickly gained popularity, reaching $1.5 billion in assets under management within eight months of its launch, outperforming many peers and benchmarks [2][3] - The fund has delivered a return of approximately 14% this year, placing it in the top three percent of its category, which includes nearly 1,400 funds [1] - The investment strategy focuses on stocks that align with multiple key themes, such as energy, cybersecurity, and AI, which enhances the likelihood of consistent performance [4][5] Performance Metrics - Since inception, the fund has outperformed the MSCI USA Large Cap Index by 13.7% compared to 7.8% [1] - The fund's disciplined, rules-based approach aims to provide consistent results over time, with a portfolio of about 35 S&P 500 stocks rebalanced every three months [5][6] - The fund has an expense ratio of 0.75% [7] Investment Strategy - The "granny shot" strategy refers to selecting stocks that fall under multiple investment themes, improving the chances of outperformance amid changing market conditions [4][6] - Key holdings include Robinhood, Oracle, and Advanced Micro Devices, which are selected based on their alignment with long-term trends and earnings growth [5][6] - The thematic approach is designed to resonate with investors, as it focuses on enduring story arcs that can lead to sustained outperformance [6][7]

Storebrand ASA (OTCPK:SREDF) Q2 2025 Earnings Conference Call July 11, 2025 6:00 AM ET Company Participants Johannes Narum - Head of Investor Relations Lars Aasulv Loddesol - Group CFO and Executive VP of Finance, Strategy, Legal & Sustainability Odd Arild Grefstad - Group Chief Executive Officer Conference Call Participants David Barma - BofA Securities, Research Division Farooq Hanif - JPMorgan Chase & Co, Research Division Hans Rettedal Christiansen - Danske Bank A/S, Research Division Jan Erik Gjerland ...

The AI industry is a hot topic now, and it is wise to get at least some exposure to it in your portfolio. However, I do not think Invesco AI and Next Gen Software ETF (I am a dynamic finance professional with a Master’s in Banking & Finance from Université Paris 1 Panthéon-Sorbonne. My investing background mix corporate finance, M&A, and investment analysis, with a focus on real estate, renewable energy, and equity markets. I specialize in financial modelling, valuation, and qualitative analysis, demonstrat ...

Core Insights - Blue Owl Capital (OWL) is recognized as an interesting asset manager due to its impressive growth rate and enviable fee model compared to competitors [1] Group 1 - The company has over 15 years of market experience and focuses on providing a clear and disciplined analysis of companies [1] - Blue Owl Capital is actively pursuing growth opportunities in the market [1]

Qatar Holding becomes ChinaAMC’s third largest shareholder https://t.co/VH0ZgqCuGz ...