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2 weeks ago | 
citywire.com | Michelle McGagh |Jeremy Gordon |Himanshu Singh |Anatole Kaletsky
Our daily roundup of analyst and fund manager commentary on shares. Twitter Facebook Linkedin WhatsApp >print Already have an account? Do you personally advise on or manage investments for clients?
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2 weeks ago | 
citywire.com | Anatole Kaletsky |James Phillipps |Jeremy Gordon |Ian Wenik
US markets opened sharply up, with the S&P 500 rallying as much as 4% in early morning trading.
The Nasdaq was also up more than 4% and the Dow Jones Industrial Average opened 3.79% higher, with the Russell 2000 rising 3.01% as of 10:20am ET.
Markets appear to be up on announcements from President Donald Trump that China and South Korea want to make deals on tariffs with the US. Treasury secretary Scott Bessent has said that Japan also wants to negotiate. Already have an account?
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2 weeks ago | 
citywire.com | Ian Heath |Anatole Kaletsky |Selin Bucak |Chris Sloley
I feel scared. I feel scared about last week’s tariff-driven plunge in global stock markets; about a US recession, which I now think very likely; and about a general collapse of the global economy, perhaps comparable with 2008. If this third - and worst - disaster is to be avoided, Europe and China will have to become much bolder about stimulating their domestic economies.
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Jan 16, 2025 | 
citywire.com | Alec Rich |Anatole Kaletsky |Sam Bojarski
The good news for 2025 is that recession probabilities have been reduced to near-zero, not just for the US but for all major economies.
At the same time, most of us have accepted that the idea of ‘neutral’ interest rates ever again returning to the very low levels of the decade before the Ukraine war and the pandemic have been discredited.
So far, so clear.
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Jan 16, 2025 | 
citywire.com | Anatole Kaletsky |Richard Lander |Savannah Cobb-Thomas |Fergus Horsfall
We eavesdrop on two finance-savvy friends meeting up for the first time in 2025. Elsa: ‘Well, that was a great year for the markets wasn’t it?’Fred: ‘Sure was. The S&P 500 was up more than 24% [again] and the MSCI World was up 20% [again].’Elsa: ‘I bet those asset management companies did really well.
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Jan 16, 2025 | 
citywire.com | Anatole Kaletsky |Joseph Eden |Selin Bucak |Ian Heath
Axa Investment Managers Alts has switched portfolio managers on its €127m World Funds Selectiv’ Infrastructure strategy, Citywire Selector can reveal.
Seven-year lead manager Sara Malki has stepped off the fund, ranked 969 of the 1,322 funds in its Mixed Assets – Balanced EUR Citywire peer group on a one-year basis, with a return of 9.6% versus an average 11.9% respectively.
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Dec 4, 2024 | 
citywire.com | Tania Mitra |William Johnson |Anatole Kaletsky |Ashley McConnell
President-elect Donald Trump has officially nominated Paul Atkins to be the next chairman of the Securities and Exchange Commission (SEC).
The Wednesday announcement, which Trump made on his Truth Social website, confirms recent speculation that Atkins was a top contender for the position.
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Dec 4, 2024 | 
citywire.com | Tania Mitra |Anatole Kaletsky |Ashley McConnell |Eva Thomas
US ETFs collected $155.5bn in November, their best monthly showing on record, according to data from Morningstar Direct.
November’s inflows surpass the $128bn investors poured into ETFs in December of 2023, the previous monthly record.
This brings ETFs’ year-to-date haul to $962bn, overshooting 2021’s $901bn high by $61bn.
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Dec 4, 2024 | 
citywire.com | Tania Mitra |Eva Thomas |Anatole Kaletsky |Ashley McConnell
Kudu Investment Management has acquired a minority stake in RiverNorth Capital Management, adding to the firm’s growing list of investments in asset managers.
Florida-based RiverNorth has $5.2bn in assets and specializes in opportunistic strategies and closed-end funds. The deal closed November 25 and was announced on Wednesday. Financial terms have not been disclosed.
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Dec 4, 2024 | 
citywire.com | Tania Mitra |William Johnson |Eva Thomas |Anatole Kaletsky
Invesco has launched two new additions to its Invesco QQQ Innovation Suite, the company announced Wednesday.
The Invesco Top QQQ ETF (QBIG) and Invesco QQQ Low Volatility ETF (QQLV) are the ninth and tenth additions to the ETF suite, which focuses on different parts of the Nasdaq.
QBIG uses what Invesco calls a ‘rules-based’ approach to track the The Nasdaq-100 Mega index, which reflects the top 45% of companies by weight in the Nasdaq 100 index.
