Hints and tips:
...“Potential unlawful co-ordination appears throughout Climate Action 100+’s documents,” the attorneys-general said last year....
...S&P 500....
...Last year, nearly 14 per cent of S&P 500 companies faced shareholder proposals to split the roles, up from 6 per cent in 2021. Support for the proposals has averaged about 30 per cent....
...More than half of BlackRock’s $10tn in assets under management are retirement savings, including institutional pension funds, corporate defined contribution plans known as 401(k)s and individual accounts...
...In the US, the S&P 500 had its best first quarter since 2019. Fixed income funds reported inflows of $42bn and equity funds received $18bn, for total long-term flows of $76bn....
...Here to talk more about this is the FT’s US financial editor Brooke Masters. Hi, Brooke. Brooke Masters Hey, Marc....
...He worked there from October 2018, and headed the firm’s S&P 500 options desk until his move to Millennium in February. Spottiswood worked for Jane Street from August 2020 to February....
...Changes remained at the higher than normal level of 17 per cent across the big European markets and the S&P 500, according to research by Russell Reynolds, the leadership advisory firm....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on X Letter in response to this column: Music sector’s jarring note on gender progress / From Leyla Khosrowshahi, New York, NY, US...
...And so if you want to invest in something that tracks the S&P 500 or the FTSE 100, you can buy a BlackRock fund that does that. And they have lots and lots of them....
...The challenge to mutual fund dominance has been brewing since State Street launched the very first US ETF in 1993, an S&P 500 tracking fund known as SPY that now has $500bn in assets....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on social media...
...BlackRock is Glencore’s third-largest shareholder, holding an 8.2 per cent stake worth more than £4bn, while MFS is the ninth-largest shareholder with a 1.1 per cent stake, according to records from S&P...
...The award placed him among the highest paid chiefs in the S&P 500. It also prompted investor disquiet....
...Investors in BlackRock’s iShares Core S&P 500 ETF will be asked to chose among seven different general policies ranging from voting generally with management to prioritising Catholic values or environmental...
...Assets under management benefited as a handful of major tech stocks drove a recovery in the benchmark S&P 500 index, and net inflows in the quarter topped $80bn, below expectations of $92bn....
...Its flagship S&P 500 fund, SPY, the world’s largest with $431bn in assets, is not eligible because of rules surrounding its structure as a unit trust....
...Asset management giants BlackRock, Vanguard and State Street collectively control the shares of between 15 and 20 per cent of many S&P 500 companies, giving them significant sway over the outcome of proxy...
...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...But yesterday my colleague Brooke Masters and I broke the story that JPMorgan Asset Management had fallen out of love with the Climate Action 100+ and quit the group....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on Twitter...
...He added that the issue would become a serious concern to markets “in the next six to 12 months as something that matter[s] a lot”....
...Comerica and Utah-based Zions Bancorp were among the biggest fallers on the S&P 500 index, dropping 12.4 per cent and 10.8 per cent respectively....
...Based on his experiences in the 1980s S&L crisis, when rising interest rates contributed to the failure of more than 3,000 banks and savings and loans associations including eight of the 10 largest banks...
...Economic data: S&P Global publishes its manufacturing and services purchasing managers’ indices for the US....
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