Hints and tips:
...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 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....
...Especially when the S&P 500 is up 20 per cent and you’re not in a recession,” Sharps told the FT....
...Just seven stocks make up 28 per cent of the S&P 500 by market capitalisation, and their gains have pushed passively managed funds higher....
...The Nasdaq ETF QQQ is up around 6 per cent since May, with the S&P 500 up 7 per cent....
...Additional reporting by Madison Darbyshire...
...The Composite index of OTC stocks has risen 45 per cent since the end of 2018, compared with 51 per cent for the S&P 500 and 49 per cent for the Russell 2000 small-cap index....
...“A lot of investors were concerned that the metaverse and AI plans were going to be a sinkhole for money,” said Brian Wieser, principal at advertising consultancy Madison and Wall....
...The market capitalisation of the S&P 500 stands at $34tn, compared with just under €10tn on the Euro Stoxx 600....
...Goldman Sachs forecasts that spending on buybacks by US S&P 500 companies will this year drop 15 per cent to $808bn and dividends will rise 5 per cent to $628bn as weak earnings growth constrains the total...
...“No one criticises an S&P 500 fund when the S&P 500 is down 20 per cent and the fund is down 20 per cent,” Sapir said....
...figures Results: Dr Martens HY, Rémy Cointreau HY, Royal Bank of Canada Q4, Salesforce Q3, SAS FY, Toronto-Dominion Bank Q4, Victoria’s Secret Q3 Friday EU, France, Germany, Italy, Japan, UK, US: S&P...
...Commodity-focused companies were also the only subsector of the US stock market to advance, with the S&P 500 energy sub-index advancing 54 per cent as of December 21....
...Vanguard has more than 30mn clients worldwide and has built a business with $7.2tn in assets under management by championing low-cost tracker funds that follow an index such as the S&P 500 or FTSE 100....
...The S&P 500 index of blue-chip US stocks fell 19.4 in 2022, while bond markets also turned negative, challenging fund managers seeking to eke out returns in volatile conditions....
...State Street’s largest investment fund tracks the S&P 500 index with more than $375bn....
...Shares in the group have risen by about a fifth since Jenny Johnson took over, ahead of the S&P 500 index and mid-tier rivals such as T Rowe Price and Janus Henderson....
...Thai food was seen as cheap and very accessible,” says Tam Chudaree Debhakam, a chef who earned her chops at Eleven Madison Park and Jean-Georges in New York before opening her urban garden and elevated...
...“If you’re getting 4 per cent yield on some of these products, it’s a no brainer for a retail trader who can’t make 4 per cent in the S&P,” said Viraj Patel, global strategist at Vanda Research....
...Companies in Wall Street’s benchmark S&P 500 index spent $175bn buying back shares in the three months to June, according to preliminary data from S&P....
...The Vix index — measuring the options-implied volatility of the S&P 500 over the next 30 days — this week fell to 13.5, writes George Steer in London....
...Last month, CME Group began offering so-called event contracts to retail investors, so they can bet on the daily up or down price moves on the S&P 500 stock index, gold or crude oil....
...for Estonia Results: Deere & Co Q3, Estée Lauder Q4, Kingspan H1, Madison Square Garden Entertainment Q4, ZTE H1 interim results World events Finally, here is a rundown of other events and milestones...
...Wall Street’s benchmark S&P 500 index last month closed out its longest streak of quarterly losses since the 2008 financial crisis....
...One thing to start: I’m in New York this week and I hope to see lots of you at our Future of Asset Management North America event taking place on Wednesday and Thursday at etc.venues 360 Madison....
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