Investment Rating - The report maintains a neutral rating on European equities while favoring fixed income assets in Europe over other geographies [4][7][9]. Core Insights - The report emphasizes that the world is undergoing a transformation driven by mega forces such as geopolitical fragmentation and technological advancements, which are reshaping economic landscapes and investment strategies [4][21][27]. - It highlights the need for Europe to reform its growth model in response to changing global dynamics, with a focus on infrastructure and defense spending as key areas for investment [4][10][74]. - The report suggests that while there are selective opportunities in European equities, the overall outlook remains cautious due to competitive challenges and the need for structural reforms [9][46][96]. Summary by Sections Investment Environment - The macro environment is characterized by elevated policy uncertainty and a shift from stabilizing to destabilizing forces in financial markets [22][24]. - The report notes that inflation pressures in the U.S. are persistent, influenced by geopolitical factors and labor market conditions, which limits the Federal Reserve's ability to cut rates significantly [54][55]. Themes - The report outlines three main themes: investing for the near term, managing macro risks without clear anchors, and finding stability in mega forces [15][26]. - It emphasizes the importance of tracking mega forces like AI and energy transitions as durable drivers of returns, despite the uncertainty surrounding their long-term impacts [63][72]. Mega Forces - Geopolitical fragmentation is reshaping investment strategies, particularly in Europe, where defense spending is increasing significantly [73][82]. - The AI mega force is evolving through phases of buildout, adoption, and transformation, with significant capital spending expected in related sectors [83][86]. U.S. Assets - The report maintains that U.S. assets remain core to investment portfolios, supported by strong corporate earnings and resilience in the tech sector [94][96]. - Despite recent volatility, the U.S. dollar's role as a global reserve currency is expected to persist, although adjustments in currency hedging may occur [104][106].

Core Insights - Artisan Partners Asset Management Inc. reported preliminary assets under management (AUM) of $175.5 billion as of June 30, 2025 [1] - Artisan Funds and Artisan Global Funds contributed $85.6 billion to the total AUM, while separate accounts and other AUM accounted for $89.9 billion [1] AUM by Strategy - The Global Opportunities strategy has an AUM of $20.065 billion, while Global Discovery has $1.885 billion [2] - U.S. Mid-Cap Growth strategy holds $11.118 billion, and U.S. Small-Cap Growth has $2.841 billion [2] - The International Value strategy leads with $50.062 billion, followed by Global Value at $32.569 billion [2] - The Credit Team's High Income strategy has $12.689 billion, and Developing World strategy has $4.784 billion [2] - Sustainable Emerging Markets strategy has an AUM of $2.047 billion [2] Additional Information - Artisan Partners provides investment models for managed account sponsors, which includes $115.4 million in AUM for Sustainable Emerging Markets and U.S. Mid-Cap Growth strategies [3] - Artisan Partners is a global investment management firm established in 1994, focusing on high value-added investment strategies [4]

ATLANTA, July 10, 2025 /PRNewswire/ -- Invesco Ltd. (NYSE: IVZ)1 today reported preliminary month-end assets under management (AUM) of $2,001.4 billion, an increase of 3.0% versus previous month-end. The firm delivered net long-term inflows of $8.3 billion in the month. Non-management fee earning net outflows were $1.5 billion and money market net outflows were $10.6 billion. AUM was positively impacted by favorable market returns which increased AUM by $58 billion. FX and reinvested distributions increased ...

Group 1 - The article analyzes the iShares Treasury Floating Rate Bond ETF managed by BlackRock, which aims to replicate the Bloomberg US Treasuries Floating Rate Index [1] - The fund consists of US Treasury bonds with floating rates and associated coupons [1]

Core Insights - Storebrand Asset Management AS has released its semi-annual report for securities funds, which was approved by the Board of Directors [1] - The report includes 10 funds listed on Nasdaq Copenhagen, available for download on their website [1] Company Overview - Storebrand is Norway's largest private asset manager with approximately DKK 900 billion in assets under management (AuM) [2] - The company is a leading Nordic provider of sustainable pensions and savings, with over 30 years of experience in ESG investing [2] - Storebrand offers a multi-boutique platform in Denmark, featuring brands such as Storebrand Funds, SKAGEN Funds, Cubera Private Equity, and Capital Investment [2]

Core Viewpoint - BlackRock is expected to report quarterly earnings of $10.77 per share, a 4% increase year-over-year, with revenues projected at $5.38 billion, reflecting a 12% year-over-year growth [1]. Earnings Estimates - Wall Street analysts have revised the consensus EPS estimate upward by 1.7% over the last 30 days, indicating a collective reassessment of forecasts [2]. - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3]. Revenue Projections - Analysts project 'Revenue- Technology services revenue' at $493.72 million, a year-over-year increase of 25% [5]. - 'Revenue- Advisory and other revenue' is expected to reach $59.44 million, reflecting a 12.1% year-over-year increase [5]. - 'Revenue- Investment advisory performance fees' is forecasted at $156.55 million, indicating a year-over-year decline of 4.6% [5]. - The consensus for 'Revenue- Distribution fees' is $323.27 million, a 1.7% year-over-year increase [6]. - 'Revenue- Total investment advisory, administration fees and securities lending revenue' is expected to be $4.36 billion, showing a 12.6% year-over-year growth [6]. Assets Under Management - 'Assets under management - Cash management' is projected at $771.17 billion, down from $778.04 billion year-over-year [7]. - 'Total Assets Under Management' is expected to reach $11,679.24 billion, up from $10,645.72 billion in the same quarter last year [7]. - 'Assets under management - Long-term' is forecasted at $10,762.03 billion, compared to $9,867.68 billion in the same quarter last year [8]. - 'Assets under management - ETFs' is estimated at $4,295.42 billion, up from $3,855.77 billion year-over-year [9]. Net Inflows - 'Net inflows - Product Type - Cash management' is projected to be $66.79 billion, compared to $30.20 billion year-over-year [8]. - 'Net inflows' are expected to reach $124.01 billion, up from $81.57 billion in the same quarter last year [9]. - 'Net inflows - Client Type - ETFs' is estimated at $57.88 billion, down from $83.14 billion in the same quarter last year [10]. Stock Performance - BlackRock shares have increased by 9.6% over the past month, outperforming the Zacks S&P 500 composite's 4.4% increase [11].

Group 1 - Financial Serenity focuses on the asset management sector, providing in-depth analysis of market dynamics [1] - The initiative is managed by Tommaso Scarpellini, a seasoned financial researcher with experience in banking and financial analytics [1] - The goal is to deliver data-driven perspectives to assist investors in making informed decisions in a changing market [1] Group 2 - The content is intended for informational purposes and does not constitute financial advice [3] - There is no guarantee regarding the accuracy of the data presented [3] - Seeking Alpha emphasizes that past performance does not guarantee future results and that opinions expressed may not reflect the views of the platform as a whole [4]

Leadership Changes - AGF Management Limited has announced changes to its senior leadership team to enhance its multi-year growth strategy [1][2] - Judy Goldring, CEO, emphasized the importance of succession planning and talent development within the firm [2][6] New Appointments - Chris Jackson has been appointed as President & Chief Operating Officer, effective immediately, overseeing strategic plans and business priorities [2][3] - David Stonehouse has been appointed interim Chief Investment Officer, leading the investment management team during the search for a new CIO [4] - Ash Lawrence will serve as the Executive Management Team sponsor for AGF Investments' OCIO, providing counsel on corporate strategic planning [5] Company Background - AGF Management Limited, founded in 1957, is an independent asset management firm with a focus on public and private markets [7] - The firm manages $55 billion in total assets and serves over 815,000 investors [9]

从成立时间来看，2015年6月之前成立的老牌私募共有25家；2015年6月-2020年6月之间成立的中生代私 募共有14家；2020年6月之后成立的新锐私募有3家。 从办公城市来看，上海地区的私募数量最多，共有20家，占比接近一半。另外，北京、澄迈（海南省直 辖县）、杭州的私募数量也比较多，分别有10家、4家、3家。 融智投资FOF基金经理李春瑜表示，不仅是小盘股成交活跃，今年以来市场整体流动性有所改善，为量 化模型提供了良好的运作环境。而且从策略本身来看，包括指增策略在内的量化选股策略主要驱动因素 是数据，在结构性行情持续演绎、行业机会不断轮动的背景下，量化策略能显现出更强的优势。 在41家百亿量化私募中，员工人数过百的私募共有8家，其中灵均投资、佳期私募、九坤投资的员工人 数超过150人。 从私募排排网获悉，蒙玺投资的管理规模近日跃升至100亿元以上，成为新晋百亿量化私募。 值得注意的是，本周早些时候另一家量化私募微观博易管理规模也成功突破百亿元大关，意味着短短一 周时间，2家量化私募的管理规模成功突破百亿元。当前百亿量化私募的数量已达41家，而当前百亿主 观私募为40家，历史上百亿量化私募数量首次超过百 ...

Core Insights - The bank wealth management market demonstrated resilience amid increased yield volatility, with the market size reaching 30.97 trillion yuan by the end of June, an increase of 1.3 trillion yuan in the first half of the year [2][3] - The average annualized yield of wealth management products was 2.65%, significantly higher than the declining deposit rates, which fell below 1% for one-year fixed deposits [2][3] - There was a notable divergence in yields among different types of wealth management products, with cash management products yielding an average of 1.54%, while fixed income products yielded 2.98% and "fixed income plus" products yielded 2.71% [2][4] Market Size and Trends - As of the end of June, the wealth management market surpassed 30 trillion yuan, showing a "down-up" trend in the first half of the year, with a decline in the first quarter followed by recovery in the second quarter [3] - The proportion of cash management products decreased to 22.1%, marking a continuous decline for three years, while fixed income products increased to 75.6% [3][4] - In the first half of the year, 93.3% of newly issued products were fixed income products, while cash management products accounted for only 4.3% of new issuances [3] Yield Dynamics - Cash management products, primarily invested in deposits, saw their yields decline due to falling deposit rates, with an average annualized yield of 1.54% [4] - Fixed income products benefited from rising bond prices as interest rates fell, resulting in an average annualized yield of 2.79% in the first half of the year [5] - Equity-related products experienced significant yield fluctuations, with average annualized yields ranging from -2.01% to 8.72% during the first half of the year [7] Performance Expectations - The average performance benchmark for newly issued open-ended and closed-end wealth management products fell to 1.97% and 2.54%, respectively, indicating a downward trend in performance expectations [9][11] - Many wealth management companies are adjusting their performance targets in response to declining yields and increased volatility [9][11] Investment Strategies - To address yield pressures, wealth management companies are diversifying their asset allocations, incorporating equity and derivative products to enhance returns [11] - The average annualized yield for "fixed income plus" products was 2.72%, which did not show a significant advantage over pure fixed income products [11][12]