“I have no idea whether or not we are in a bubble, nor does anyone else. But here is how you can protect your portfolio when the market does correct, and it will.”There has been a lot of talk these days centering on the stock market bubble and the bursting of it. First, let me say our firm, LCM Capital Management, is not and never has been in the prognostication business. If you have read any of our previous Benzinga blogs, you would know that no one within our industry should be either since they are just ...

Core Viewpoint - Invesco Ltd. is a significant player in the investment management sector, with a market capitalization of approximately $10.6 billion, and is experiencing positive market sentiment reflected in its stock performance and strategic fund management [1][2]. Group 1: Stock Performance - Goldman Sachs has set a price target of $25.50 for Invesco, indicating a potential price increase of about 7.10% from its current price of $23.81 [2][6]. - The stock has shown a 2.54% increase, or $0.59, with fluctuations between $23.14 and $23.93 on the trading day [2][5]. - The stock's 52-week range indicates volatility, with a high of $24.75 and a low of $11.60 [4][6]. Group 2: Fund Performance - Invesco's Small Cap Value Fund benefited significantly from strategic stock selection in the materials sector, which was the largest contributor to its relative performance [3][6]. - The fund's decision to avoid real estate exposure and its holdings in mining ETFs further bolstered its returns [3]. - However, stock selection in healthcare, energy, industrials, and IT sectors negatively impacted relative performance, though overall positive performance in other sectors helped maintain investor confidence [4]. Group 3: Market Activity - Invesco's trading volume today is 3,090,127 shares on the NYSE, reflecting active investor interest [5]. - Investors are keenly watching Invesco's performance and any future updates from analysts like Goldman Sachs as the company navigates market challenges [5].

Core Viewpoint - Prudential Plc is planning to raise up to $300 million through a share placement in ICICI Prudential Asset Management Co. ahead of its initial public offering (IPO) in India [1][2]. Group 1: Share Placement and Investor Interest - The UK-based insurer has initiated discussions with potential investors, with around 15 institutions showing interest in the pre-IPO placement [2]. - A final decision regarding the share placement will be made once ICICI Prudential AMC obtains regulatory approval for the IPO [2]. Group 2: IPO Details and Market Impact - The IPO is projected to raise as much as $1.1 billion, valuing ICICI Prudential AMC at approximately $11 billion, making it the second-largest mutual fund manager in India by assets [3]. - If the IPO is completed this year, it could further enhance India's robust IPO market, which reached a record $21 billion last year [3]. Group 3: Regulatory Approval and Company Actions - Ongoing deliberations may lead to changes in the pre-IPO plans, and Prudential has filed its draft red herring prospectus on July 8, indicating plans to offer up to 17.65 million shares, representing a 10% stake in the joint venture [4].

Find out which banks are offering the best MMA rates right now. The Federal Reserve cut the federal funds rate three times in 2024 and recently made its second rate cut in 2025. As a result, deposit interest rates — including money market account rates — have been falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. A look at the best money market account rates today Although money market account rates are elevated by historical standards, ...

新华财经北京11月17日电（王菁）新华财经17日从澳门金融管理局获悉，截至2025年10月底，澳门获许 可营运的金融机构数量持续增加，包括融资租赁公司、投资基金管理公司及投资银行等多种新型机构， 带动金融业务日趋多元。同时，债券市场、基金法规及金融基建等方面取得显著成效，为现代金融业注 入新动能。 债券市场互联互通投资者结构多元化 同时，金管局与中国人民银行签署备忘录，推动内地与澳门快速支付系统（FPS）实现互联互通。此 外，"数字澳门元"项目按部署稳步推进，现已完成核心系统构建工作，并在沙盒场景中开展小规模交易 测试，旨在提升数字金融基建水平。 澳门金管局还介绍称，其积极发挥澳门作为中葡金融平台的作用。今年5月，与葡萄牙保险及退休金监 管局（ASF）合办"葡语国家／地区保险监管专员协会（ASEL）监管人员高阶培训及考察活动"；10 月，赴佛得角出席"第十二届葡语国家中央银行行长会议"，并与佛得角央行签署《关于监管事务的合作 协定》，深化双边金融监管合作。 基金法规接轨国际财富管理根基夯实 为促进财富管理市场发展，澳门特区政府于今年7月颁布重新修订的《投资基金法》，该法将于2026年 起正式生效。新法旨在加强 ...

Industry Overview - The Zacks Investment Management industry is experiencing growth driven by asset growth, digital transformation, evolving investment vehicles, deeper personalization, and strategic scale [1] - Investment managers, also known as asset managers, manage various financial investments for clients, providing diversification and reducing volatility impacts [3] Key Trends - Continued asset inflows are expected to drive AUM growth, with equity markets performing well and institutional interest increasing [4] - There is a notable rise in inflows into alternative investments, including index funds, private credit funds, and ETFs, alongside the growth of tokenized assets [5] - Mergers and acquisitions (M&As) are being utilized by firms to expand scale, cut costs, and enhance product diversification [6][7] - Elevated expenses due to regulatory compliance and technology upgrades are anticipated to impact profits, although investments in AI and digital platforms may improve margins in the long run [9][10] Industry Performance - The Zacks Investment Management industry ranks 58, placing it in the top 24% of 243 Zacks industries, indicating positive near-term prospects [11][12] - The industry's earnings estimates have been revised upward by 1.9% since April 2025, reflecting growing analyst confidence [13] Comparative Analysis - Over the past two years, the industry has underperformed the S&P 500 Index, gaining 33.9% compared to the S&P 500's 52% increase [15] - The industry's trailing 12-month price-to-tangible book (P/TB) ratio is 3.35X, significantly lower than the S&P 500's 12.55X, indicating a discount compared to the broader market [18][19] Company Highlights - **Ameriprise Financial (AMP)**: As of September 30, 2025, AMP's total AUM was $1.66 trillion, with a CAGR of 5.9% in net revenues over the last five years [27][28]. The company has been restructuring to improve profitability and has a Zacks Rank of 2 (Buy) [31] - **Invesco (IVZ)**: IVZ's AUM reached $2.1 trillion as of September 30, 2025, with a CAGR of 8.5% over the last five years [34]. The company has undertaken initiatives to improve efficiency and has a Zacks Rank of 1 (Strong Buy) [38] - **Affiliated Managers Group (AMG)**: AMG's total AUM was $803.6 billion as of September 30, 2025, with a recent shift towards private markets and liquid alternatives to counter revenue challenges [41][43]. The company also holds a Zacks Rank of 1 [45]

Group 1 - The article discusses the closed-end fund (CEF) market activity, providing insights from both individual fund news and broader market trends [1] - ADS Analytics is a team of experienced analysts focusing on generating income ideas from various security types, including CEFs, ETFs, mutual funds, BDCs, preferred stocks, and baby bonds [1] - The investing group Systematic Income, managed by ADS Analytics, features three different portfolios aimed at various yield targets, along with interactive tools for investors and daily updates [1]

Core Insights - Gabelli Investors, Inc. reported a 10% increase in quarterly revenues to $63.2 million for Q3 2025, with a total AUM of $35.0 billion, reflecting a 9% growth compared to Q3 2024 [3] Company Overview - Established in 1977, Gabelli is a recognized provider of investment advisory services, managing 27 open-end funds, 13 closed-end funds in the U.S., and one in the U.K., along with 5 actively managed ETFs and approximately 1,900 institutional and private wealth management investors [1][2] Financial Performance - The third quarter EPS was reported at $0.68, slightly down from $0.69 in the same quarter of 2024 [3] - The company maintains a strong liquidity position with $200.8 million in cash and investments, and no debt, supporting capital returns [3] Shareholder Returns - The Board has authorized a 25% increase in the quarterly dividend to $0.10 per share and an additional share buyback of 500,000 shares [3] - The Chairman and co-CEO has opted to waive the management fee for December [3]

Financial Data and Key Metrics Changes - For Q4 2025, ending AUM reached $1.66 trillion, a 3.1% increase from the prior quarter, while average AUM increased by 4.4% to $1.63 trillion [31] - Adjusted operating revenues increased by 13.9% to $1.82 billion from the prior quarter, driven by elevated performance fees and higher average AUM [31] - Adjusted net income and adjusted diluted earnings per share increased by 35.7% and 36.7% from the prior quarter to $357.5 million and $0.67, respectively [32] Business Line Data and Key Metrics Changes - In public markets, over 50% of mutual funds, ETFs, and composites outperformed peers and benchmarks across all standard time periods, indicating improved investment performance [9] - Private markets saw fundraising of $22.9 billion, contributing to a total of $270 billion in alternative AUM, with expectations to increase fundraising to between $25 billion and $30 billion in fiscal 2026 [11] - The SMA business grew at a 21% compound annual rate since 2023, with AUM of $165 billion across more than 200 strategies [15] Market Data and Key Metrics Changes - Internationally, Franklin Templeton managed nearly $500 billion in assets, achieving $10.7 billion in positive long-term net flows in markets outside the U.S. [26] - Fixed income net inflows were $17.3 billion for the year, with positive net flows for seven consecutive quarters [28] - Alternatives and multi-asset generated $25.7 billion in net flows for the year, reflecting broad-based client demand [29] Company Strategy and Development Direction - The company is focused on deepening client partnerships, broadening investment capabilities, and strengthening its diversified model as part of a five-year plan [7] - Franklin Templeton aims to democratize private assets and expand its wealth management offerings, targeting to double Fiduciary's AUM by 2029 [20] - The company is investing in innovation, particularly in digital assets and AI, to redefine how investors access opportunities and improve operational efficiency [22] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about the strong public equity gains and the overall constructive view of private markets, despite a complex geopolitical backdrop [24] - The company anticipates continued growth in alternatives, particularly in the retail market, driven by partnerships and innovative product offerings [13] - Management highlighted the importance of selectivity and discipline in navigating the current market dynamics, which present opportunities across public and private markets [25] Other Important Information - Franklin Templeton was named 2025 Asset Manager of the Year in the $500 billion-plus AUM category, reflecting its leadership in innovation and investment advisory solutions [7] - The company has integrated certain corporate functions to drive efficiency and enhance client service, particularly in response to challenges faced by Western Asset Management [29] - The firm is focused on capital management, returning $930 million to shareholders through dividends and share repurchases [36] Q&A Session Summary Question: Fundraising target for fiscal 2026 - The target is between $25 billion and $30 billion, with contributions expected from various funds including Lexington, Clarion, and Alcentra [43] Question: Expense guidance for 2026 - The company expects to achieve $200 million in cost savings for 2026, with a focus on maintaining or reducing total expenses compared to fiscal 2025 [44][46] Question: Infrastructure product pipeline - The company is building a fund around partnerships with DigitalBridge, Copenhagen Infrastructure Partners, and Actis to participate in infrastructure deals [48] Question: AI and tokenization opportunities - The company is leading in tokenization, offering unique features for money market funds and exploring new distribution capabilities through partnerships with exchanges like Binance [51][53] Question: Update on Lexington flagship fund - The target size for the Lexington flagship fund is about $25 billion, with expectations for the first close in the first half of 2026 [54]

Business Highlights - Total client assets reached $313 Billion[6] - Long-term gross flows amounted to $17 Billion[6] - Adjusted EBITDA stood at $190.5 Million with a margin of 52.7%[6] - Adjusted earnings per diluted share with tax benefit was $1.63[6] - Pioneer Investments realized over $86 Million of the projected $110 Million in net expense synergies since the transaction closed on April 1[6] ETF Growth - ETF AUM reached $17.2 Billion[18] - Year-to-date net flows for ETFs were $5.4 Billion, representing a 53% increase[17] Investment Performance - 64% of Total Mutual Funds and ETFs AUM with 4- or 5-Star overall ratings[23] - 63% of strategies outperformed benchmarks over a 3-year period[25] Capital Allocation - $1.1 Billion has been returned to shareholders since IPO[30] - Strategic acquisitions, share repurchases, and dividends totaled $0.2 Billion, $0.4 Billion, and $1.6 Billion respectively[28] Financial Results - Revenue for the quarter was $361.2 Million[35] - GAAP Operating Income was $138 Million[35] - Adjusted Net Income with tax benefit reached $141.3 Million, or $1.63 per diluted share[35]