Core Insights - The investment landscape is shifting, with volatility expected to persist into 2026, necessitating more active investment strategies rather than passive approaches [1] - Fidelity is positioning itself as a leader in the ETF market by focusing on factor-based investing, which emphasizes strong screening criteria for portfolio construction [4][5] Group 1: Fidelity's Strategy - Fidelity aims to differentiate itself from competitors by offering ETFs designed for investors seeking simplicity without the need for active management [2][3] - The company utilizes a quality control mechanism in its ETFs to target specific investment outcomes, such as higher income and lower volatility, amidst uncertain economic conditions [5] Group 2: ETF Performance - The Fidelity High Dividend ETF (NYSE:FDVV) is highlighted as a strong choice for income-focused investors, boasting a yield of 3.04% and a notable 22% dividend growth over the past year [6][7][8] - Other Fidelity ETFs include the Fidelity Total Bond ETF with a 4.61% yield and monthly payouts totaling $2.14 annually, and the Fidelity Emerging Markets Multifactor ETF yielding 3.58% with a 27.06% dividend growth in 2025 [7]

Group 1: ETF Submission and Structure - Asset manager Canary Capital has filed an S-1 registration statement with the U.S. SEC for a proposed staked Injective (INJ) ETF, which would provide regulated exposure to the INJ cryptocurrency and the option to earn staking rewards [2][3] - The ETF is set to list on Cboe and will track the performance of Injective based on the INJ-USD CCIXber Reference Rate price index, with shares created and redeemed in blocks of 10,000 [4] - U.S. Bancorp Fund Services will act as the transfer agent and cash custodian, while BitGo Trust Company will serve as the digital asset custodian [4] Group 2: Marketing and Distribution - Paralel Distributors LLC has been appointed as the marketing agent for the Injective ETF [5] Group 3: Growth of the Injective Ecosystem - The Injective ecosystem has experienced significant growth, with weekly transaction counts rising from the 0-1,000 range in 2023 to nearly 1 million transactions per week [6] - Transaction activity includes decentralized exchanges, minting, staking, derivatives, swaps, NFT interactions, and other on-chain operations, indicating expanding usage beyond basic token transfers [7] - Injective is also involved in the tokenization of real-world assets, including a $10 billion mortgage portfolio being brought on-chain [7][8]

Partnerships - Blackstone 正在与 Revolut 探索合作，可能通过 Revolut 的平台提供其基金 [1] Industry Impact - 这次合作可能使全球最大的另类资产管理公司 Blackstone 能够接触到 Revolut 的 fintech 平台用户 [1]

Core Insights - Lawrence Fuller has 30 years of experience managing portfolios, starting at Merrill Lynch in 1993 and later founding Fuller Asset Management, achieving his goal of independence [1] - Fuller 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] - The Portfolio Architect, led by Fuller, focuses on economic and market outlooks, offering an all-weather investment strategy aimed at consistent risk-adjusted returns [1] Company Overview - Fuller Asset Management (FAM) is a state-registered investment adviser, providing educational content and investment strategies without making specific offers for securities [3] - FAM emphasizes that past performance is not indicative of future results and that investments involve risks [3][4] Services Offered - The Portfolio Architect provides portfolio construction guidance, access to an "All-Weather" model portfolio, a dividend and options income portfolio, daily briefs, weekly newsletters, technical and fundamental reports, trade alerts, and 24/7 chat support [1]

Economic Outlook - Vanguard's economic outlook for 2026 indicates a mixed picture for inflation, with some components decreasing while others, particularly food prices and tariffs, exert upward pressure [1][2] - The Federal Reserve is expected to maintain a modest easing bias, reflecting ongoing economic challenges [3] Investment and Job Market - The potential for AI-related investments in the latter half of the year could provide upside risk to the US economy, despite current headwinds [4][5] - The labor market is currently in a holding pattern, influenced by factors such as an increase in retirements and slowed immigration, which has reduced the supply of new entrants [6][8] Inflation Dynamics - Tariffs are a significant factor in the inflation outlook, with expectations that inflation could rise above 2% due to tariff-related uncertainties [10][11] - The focus for 2026 is anticipated to shift more towards growth rather than inflation, suggesting a potential for non-inflationary growth similar to the late 1990s [11][12] Federal Reserve Policy - The Federal Reserve's approach should consider the potential for higher productivity and growth without necessarily increasing rates, as seen in historical contexts [12][13] - A scenario is proposed where higher growth could coexist with a 4% yield on 10-year Treasuries, indicating that the Fed needs to focus on capacity and productivity for future policy decisions [13][14]

The asset management firm co-founded by billionaire investor Tom Steyer has acquired a portfolio of seven industrial properties in the Chicago area https://t.co/MLRXHhDsBP ...

Group 1: Market Activity - U.S. spot bitcoin exchange-traded funds (ETFs) experienced their largest one-day inflows since November 11, with total net inflows of $457.3 million [1][2] - The Fidelity Wise Origin Bitcoin Fund (FBTC) received the majority of the inflows, totaling $391.5 million, marking it as a top five inflow day for the fund [2] - BlackRock's iShares Bitcoin Trust (IBIT) also saw significant demand, with inflows of $111.2 million [2] Group 2: Bitcoin Market Dynamics - Bitcoin dominance in the cryptocurrency market has increased to 60%, the highest level since November 14, when bitcoin was trading near $100,000 [3] - Currently, bitcoin is trading around $87,000, reflecting a recent rally that peaked near $90,000 before a slight decline [1][3] Group 3: Volatility and Economic Factors - Bitcoin implied volatility is currently just below 50, indicating historically low risk pricing despite recent market fluctuations [4] - Upcoming macroeconomic events, including interest rate decisions from the Bank of England and the European Central Bank, as well as inflation data releases from the U.S. and Japan, are expected to increase volatility in global markets, including cryptocurrencies [4][5]

Core Insights - Invesco Ltd. is a significant player in the U.S. investment management sector, with a market capitalization of $11.6 billion and operations in over 20 countries [1][2] - The company manages a diverse range of investment products and strategies, including mutual funds, ETFs, and alternative investments, with global assets under management in the trillions [2] Performance Metrics - Invesco's stock has shown strong performance, trading just 3.1% below its 52-week high of $27.31, with a 19.1% increase over the past three months, significantly outperforming the Financial Select Sector SPDR Fund's 1% rise [3] - Over the past year, Invesco's stock has surged 48.3%, compared to the XLF's 11.3% increase, and has risen 81.8% in the last six months, while the ETF advanced by 8.7% [4] - The stock's technical indicators remain bullish, consistently trading above its 200-day moving average since early July and above its 50-day moving average since early May [4]

Core Viewpoint - Chinese companies are exploring the tokenization of rare Huanghuali trees and other commodities to address liquidity challenges in various industries [1][2]. Group 1: Tokenization of Huanghuali Trees - Firms in Hainan are capturing images of Huanghuali trees to convert them into digital assets, which could provide essential capital to industries facing cash flow issues [2]. - Geely Technology Group plans to generate $13 million through an initial tranche of tokens to be launched in Hong Kong, with each tree assigned a distinct value based on size and quality [3]. Group 2: Broader Tokenization Efforts - The digitization process extends beyond trees, with other Chinese goods like fine tea and high-end baijiu liquor also being converted into digital assets [4]. - Tokenization has become a significant focus in decentralized finance, with major institutions like BlackRock and JPMorgan actively developing projects in this sector [5].

The expectations of a lower US Consumer Price Index reading triggered notable institutional inflows and wild token volatility for the crypto ecosystem. Firstly, US-based spot Bitcoin exchange-traded funds saw a net inflow of $457.3 million on Wednesday, Dec. 17, according to data from Farside. Fidelity’s FBTC and BlackRock’s IBIT led the inflows, each worth $391.5 million and $111.2 million, respectively. On the other hand, spot Ethereum ETFs recorded a net outflow of $22.4 million, their fifth-consecut ...