Hints and tips:
...Morningstar DBRS on Thursday lowered NYCB to “BBB” from “BBB (high)”, citing the bank’s “outsized commercial real estate concentration relative to most banking peers”....
...Last month George Gatch, chief executive of JPMAM, said that globally it managed $160bn in active ETFs, a number it wanted to increase to $1tn within five years....
...That’s pretty much by design, since investors’ “potential upside is capped at the strike price plus the call premium,” said Morningstar analyst Lan Anh Tran....
...Rating agency Morningstar said it did not “expect the difficulties being experienced by Metro Bank to have a broader impact on the UK financial sector given its relatively small size and the specific issues...
...ETFs have been all the rage among US investors, amassing about $2tn in net new dollars from 2021 to the end of 2023, according to data from Morningstar....
...George Hammond and Tabby Kinder in San Fran have more....
...“You could argue the UK is a finite asset with less than 10 years to live,” he said last week at a conference hosted by Morningstar....
...Preston Caldwell, chief US economist at Morningstar, said inflation was now showing “broad-based signs of deceleration”, supporting his view that the Fed would begin “aggressive” rate-cutting next year....
...Investors are not as cautious as in March 2020 or September last year but there is “some degree of caution”, said Mike Coop, chief investment officer, Emea at Morningstar Investment Management....
...Morningstar, meanwhile, thinks luxury may be overbought: We found that equity prices had significant predictive power of luxury sales prior to COVID-19 (59% lagged correlation of luxury industry growth...
...Billionaires including Warren Buffett, George Soros and Michael Bloomberg have also argued that their own tax bills are too low....
...A: 450 According to Morningstar, what percentage of US large-cap equity active managers beat their passive benchmark during 2023?...
...(Dezeen) — Lawfare did a podcast interview with ChatGPT and it “lied like George Santos”....
...Additional reporting by Owen Walker and George Steer in London...
...Additional reporting by George Steer Letter in response to this report: Italy’s bank tax recalls Brecht’s sardonic quip / From Nunzio M Tritto, Bari, Puglia, Italy...
...The Philadelphia Semiconductor Index this week rose to its highest level in 14 months, writes George Steer in London....
...Redemptions from UK property funds have been consistently high over the past year, with between £50mn and £190mn taken out on a net basis each month, according to Morningstar....
...Morningstar data shows the Allianz-owned Californian fund manager has had fixed income inflows every month this year as investors grab the higher yields as part of a wider rush to fixed-income assets....
...“This is a discussion that’s not going to go away,” said Michael Makdad, an equity analyst at Morningstar....
...Baidu has long been best known as an internet search engine, but Kai Wang, senior equity analyst at Morningstar, said robotaxis, along with cloud computing, are now the company’s “long-term growth drivers...
...Only 48.7 per cent of US equity funds beat their indices, and only 43.2 per cent of global ones, according to Morningstar data....
...Half of all assets in European funds are now held in the green and greenest fund categories, according to Morningstar, the investment research group....
...Remembering George Floyd Today marks the two-year anniversary of the killing of George Floyd....
...Price pressures in commercial property Earlier this month, thousands of European property investors arrived in Munich hoping to strike deals and share gossip over German lager, writes George Hammond in...
...Earlier this year, Chuka Umunna, Edelman’s ESG head in Europe and a former MP, told the Financial Times that the pandemic, coupled with the death of George Floyd, “put social issues and equality under the...
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