Hints and tips:
...With about 40 per cent of its assets in fixed-income funds, Franklin could benefit from the peak-rates wave of money coming back into bonds....
...The funds, which include those from BlackRock, Franklin Templeton and Invesco, have attracted net inflows of nearly $4bn, according to ETF.com....
...Charles Schwab predicts a “gradual U-shaped recovery composed of seemingly chaotic movements in economic data with turning points in policy rates and earnings growth.”...
...In recent years, Franklin has developed a reputation as an aggressive acquirer when many middle-sized asset managers are being squeezed by the growth of index funds and the need to invest in technology....
...BEN will issue 33.3M shares of stock to fund the deal (based upon 5/30 share price)....
...wealth fund....
...Analysts are pencilling in corporate profit growth of more than 10 per cent next year, but weaker than expected economic growth could hit earnings and knock stock valuations....
...BlackRock is still searching for an acquisition to bolster its profile in private funds. Here are more details from the talks. 3....
...Growth in its wealth management division, which had been central to Gorman’s success in boosting the stock price, failed at the start of 2023 to pick up the slack from the investment banking slowdown....
...In separate remarks last week, Dimon said the federal funds rate may even need to rise to 6 per cent....
...Signature Bank plans to offload as much as $10bn in deposits tied to the cryptocurrency industry, a U-turn for a US lender that achieved rapid growth after aggressively courting digital assets....
...Redemptions in December exceeded a 5 per cent quarterly cap and Breit limited withdrawals, a manoeuvre that has cast doubt over the future asset and fee growth of the fund....
...He said the eventual initial public offering of Sony Financial was likely to be used to help fund “aggressive merger and acquisition” activity by the company....
...Here’s why S&P is making the U-turn....
...Investors rushed into fixed income in the first few weeks of 2023 as they became increasingly expectant that the US Federal Reserve and other major central banks would soon end their aggressive campaign...
...As a result, the Fed is to some extent flying blind as it decides whether to pause its aggressive campaign to curb persistent inflation in an effort to help stabilise the financial system....
...High inflation and aggressive rises in interest rates have put a stop to that. Now, says Panseri, tech valuations are under question and “a lot of people want to reduce exposure to the growth sector”....
...But in October 2021, Tesla became the sixth company in U.S. history to be worth more than $1 trillion....
...Active managers such as Franklin Templeton, which manages $1.5tn, are under pressure from cheaper exchange traded funds....
...Suggested reads TikTok to launch live shopping in US using outsourced technology (FT) Taiwan vows to safeguard interests amid U.S....
...But its aggressive forecasts actually seem reasonable to me....
...Economic data Economists expect the pace of growth in the US economy to have slowed in the final quarter of last year, following the Federal Reserve’s aggressive campaign to raise borrowing costs....
...Over at Franklin Templeton, the tone is verging on the baffled....
...That would lift the target range of the federal funds rate to 2.25 per cent to 2.50 per cent....
...Jonathan Curtis, co-manager of Franklin Templeton’s $7.4bn Technology Fund, said the tech sector was still trading at a premium to the US equity market but this was justified by its superior fundamentals...
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