According to the latest 13F filing, Harvard University held 6,813,612 shares of IBIT valued at approximately $443 million and 661,391 shares of GLD valued at about $235 million as of September 30. These positions represent increases of 257% and 99%, respectively, from the 1,906,000 IBIT shares and 333,000 GLD shares reported at the end of June. https://t.co/bf4dE87z8B ...

Financial Data and Key Metrics Changes - Quarterly average assets under management were $1.4 billion, operating revenues were $2.25 million, and net income was $1.5 million, showing a significant increase from the previous year [28][31] - Operating revenues increased by $94,000 or 4% from the same quarter last year, primarily due to increases in advisory and administrative fees for equity mutual funds [29] - Net income after taxes for the quarter increased by $1.2 million compared to the same quarter last fiscal year [31] Business Line Data and Key Metrics Changes - Operating expenses increased by $50,000 or 2%, mainly due to a $101,000 increase in employee compensation and a $52,000 increase in advertising expenses [30] - Other income for the quarter was $2.4 million compared to $995,000 in the prior year, primarily due to higher net investment income [30] Market Data and Key Metrics Changes - The company has experienced a rebound in assets and investment income, which has helped turn the corner after being impacted by the tariff war [13] - Gold reached an all-time high of $4,300, although it has gone through a correction since October [19] Company Strategy and Development Direction - The company is focused on creating thematic products using Smart Beta 2.0 strategy, which requires rigorous backtesting and continuous management [7][8] - U.S. Global has been buying back stock using an algorithm on flat and down days, aiming to enhance shareholder value through dividends and stock repurchases [9][10] Management's Comments on Operating Environment and Future Outlook - Management believes the worst impacts from the election and tariff battles are behind them as they move forward [11] - The company remains optimistic about the travel industry, particularly in Europe and Asia, despite challenges in the U.S. market [16][17] Other Important Information - The company has maintained a strong balance sheet with high levels of cash and investments, including approximately $24.6 million in cash and cash equivalents [32] - The current yield at the share price of $2.60 is 3.46%, and the company has paid a monthly dividend since June 2007 [10] Q&A Session Summary Question: What is the company's outlook on gold investments? - Management highlighted that gold has outperformed the S&P 500 and is considered a crucial diversifier for a diversified portfolio, with recommendations to allocate 10%-15% in gold [20][23] Question: How is the company addressing the challenges in the airline industry? - Management noted that while the U.S. airline industry is facing sentiment challenges, the European and Asian markets are booming, indicating potential for recovery [16][17] Question: What are the company's plans for future product launches? - The company is focused on launching new thematic products, particularly in AI and defense sectors, which are expected to capture significant market interest [18][26]

A recent decision by the Securities and Exchange Commission to begin allowing fund companies to create ETF shares classes of traditional mutual funds is expected to lead to a flood of new ETFs on the market, but State Street's fund management arm, State Street Investment Management, has other ideas. The ETF giant, which manages roughly to $1.7 trillion in its SPDRs ETF family — including the oldest and most-widely traded S&P 500 exchange-traded fund, SPY, and the biggest gold ETF, GLD — sees the SEC greenli ...

Gold just did the impossible. GLD, the gold ETF, outperforming SPY, the S&P 500 ETF. The GLD is outperforming since it launched in 2004.And it's mind-melting. That flies in the face of so much conventional wisdom. Now, here's the thing.Gold is a non-productive asset. It's not supposed to drive yield. It's not supposed to have earnings. It's not supposed to outperform productive assets like stocks.Warren Buffett, one of the best investors in the world, he hates gold. He's not a fan at all. He doesn't like th ...

Core Insights - The current market environment is characterized by a wave of debt-fueled speculation that poses a significant risk to investors' savings [2] - Investors are advised to take profits and reduce exposure to speculative stocks, especially after significant gains [2][3] Group 1: Speculation and Investment Strategy - Speculation in high-risk stocks is acceptable if investors understand the underlying business and its profitability [4] - Investors should not buy stocks solely based on their upward price movement without conducting proper research [4][8] - A parabolic price trajectory in stocks is a warning sign, indicating potential for rapid declines [6][7] Group 2: Market Dynamics and Risks - The recent downturn in gold and silver prices has negatively impacted a broad range of speculative stocks, highlighting their interconnectedness [5] - Many investors use borrowed money to purchase speculative stocks, leading to forced selling when prices decline [6][10] - The tendency for speculative stocks to trade together can exacerbate market volatility [6] Group 3: Investor Behavior and Decision Making - Investors often rely on hope rather than informed decision-making during market downturns, which can lead to significant losses [9][10] - Understanding the fundamentals of a company is crucial for making informed investment decisions and managing risk [8][10] - Selling speculative stocks to lock in profits is recommended to avoid potential losses, especially for those who have borrowed funds [10][11]

Core Insights - The article provides a detailed overview of net flows across various ETF asset classes, highlighting significant trends in investment behavior [1] Group 1: ETF Flows Overview - Total net flows for all ETFs amounted to $16,529.14 million, with total assets under management (AUM) reaching $12,853,600.43 million, representing 0.13% of AUM [1] - The US Equity category saw the highest net inflows of $10,050.36 million, indicating strong investor interest in this segment [1] - Commodities ETFs experienced net inflows of $2,211.61 million, reflecting a positive trend in commodity investments [1] Group 2: Asset Class Performance - Alternatives had a modest net inflow of $3.67 million, with AUM at $12,767.38 million, representing only 0.03% of AUM [1] - Asset Allocation ETFs faced significant outflows of $115.35 million, indicating a potential shift in investor strategy [1] - International Equity ETFs recorded net inflows of $2,241.05 million, suggesting a growing interest in global markets [1] Group 3: Other Notable Trends - US Fixed Income ETFs had net inflows of $1,089.54 million, while International Fixed Income saw $208.27 million in inflows, both indicating continued interest in fixed income securities [1] - Leveraged ETFs attracted $752.71 million in net inflows, while Inverse ETFs experienced outflows of $27.70 million, highlighting differing investor sentiment towards risk [1] - Currency ETFs had net inflows of $114.96 million, reflecting ongoing interest in currency markets [1]

ETF Market Trends & Inflows - ETF net inflows have topped $1 trillion for the second consecutive year and are on pace for a new record year [1][2] - The growth is attributed to transparency, liquidity, tax efficiency, and innovation within the ETF wrapper, including options-based strategies [3][6] - Demand for growth-type exposure, particularly in AI and innovation, is driving inflows [5] - Actively managed ETFs are attracting more investors, accounting for approximately 37% of inflows compared to 26% in 2024, due to the accessibility of sophisticated strategies [13] Top ETF Inflows & Market Sentiment - Top inflows this week were into BBEU (a large-cap European stock ETF), GLD (gold ETF), and BNDX (Vanguard Total Bond ETF) [7] - The shift towards European equities and bonds may be due to tariff concerns and government shutdown fears, prompting investors to seek safer, more stable markets and fixed income exposure [8][9] ETF Innovation & Investment Strategies - Sophisticated options-based approaches within ETFs are giving investors access to solutions they haven't had historically [4][6] - Horizon's "Why Not" digital frontier ETF offers a one-stop-shop solution for exposure to growth, AI, crypto, and quantum, with dynamic weightings [10][11] - Actively managed ETFs allow for layering crypto exposure on top of stock baskets using options and other approaches [15]

ETF Market Overview - ETF market net inflows have topped $923 billion this year, on track for another trillion dollar year [1][2] - ETFs are popular due to transparency, tax efficiency, and surpassing other investment vehicles [2] Top ETF Inflows - Top ETF inflows included VGT (Vanguard Information Technology Index Fund), GLD (a gold ETF), and XLF [3] - Investors are interested in gold and technology [4] Crossmark Investments' ETFs - Crossmark launched two ETFs two months ago: large cap growth (CLCG) and large cap value (CLCV) [5] - Investors are moving money from SMAs and mutual funds into ETFs [6] CLCG (Crossmark Large Growth ETF) - CLCG invests in growth stocks with reasonable valuations (price to free cash flow) and high returns on equity profitability [8] - Holdings include some of the "mag seven" and financial stocks [9] CLCV (Crossmark Large Value ETF) - CLCV provides exposure to value stocks, particularly financials, banks, and financial service companies [10][11] - Banks are considered cheap relative to the market, benefiting from deregulation [11] Investment Strategy - A balanced portfolio is recommended, and investors should consider the value ETF to complement overweight growth positions [10][12] - Some investors are allocating 50% to each of the growth and value ETFs [13] - Value is cheap relative to growth, offering a risk-reward opportunity [13]

Group 1 - The Federal Reserve implemented a 25-basis-point rate cut, indicating a significant shift in monetary policy direction [1] - Chairman Powell expressed concerns regarding the job market during the Q&A session, suggesting a cautious outlook [1] Group 2 - Analyst Bram de Haas has 15 years of investment experience and utilizes risk management skills from his background as a professional poker player to identify investment opportunities [1]

Yeah, gold and stocks both rallied as rates fell this morning, but only gold continued to shine by the close. So, I still like it. And if you're looking for an options trade, think about call spread risk reversals on GLD.>> So, Mel, uh, college football or NFL football opening opening weekend. I mean, >> last weekend was opening weekend. >> Well, not of NFL.I mean, this is >> Oh, NFL college football. >> She's she's right there. Zillow.I think these housing stocks, actually, those peripherals, especially th ...