It is finally election day and investors are wondering what’s in store for the stock market. Historically, presidential elections create short-term volatility as investors react to the outcomes, especially in sectors most likely to be impacted by the new administration's policies. However, it’s a common misconception that presidents have much control over market performance.While decisions on tariffs, taxes, and fiscal policy can definitely influence certain sectors, the president's direct impact on the ove ...

Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The "High-Yield Bonds Market - Global Forecast Report 2024-2032" report has been added to ResearchAndMarkets.com's offering. According to this report, the high-yield bonds market size reached a value of USD 5.31 trillion in 2023. Aided by the increasing demand for higher returns on investments and the growing applications of high-yield bonds in various financial strategies, the market is projected to further grow at a CAGR of 4.3% between 2024 and 2032 to reach a va ...

Core Viewpoint - BlackRock's buyback program for closed-end funds (CEFs) is designed to reduce discounts to net asset value (NAV), benefiting both investors who sell shares back to the fund and those who retain their investments [4][11]. Group 1: Buyback Program Details - BlackRock announced a buyback program for 14 of its CEFs, allowing share repurchases at 98% of NAV when discounts are at or below 7.5% over a three-month period [4]. - The buyback program aims to provide a floor under CEF discounts, which can lead to increased market prices for these funds [4][5]. - Investors can sell their shares back to BlackRock at a 2% discount to NAV, creating an immediate profit opportunity for those who purchased at a larger discount [5][11]. Group 2: Impact on Fund Discounts - Following the announcement of the buyback program, discounts for BlackRock's CEFs have shown some erosion, indicating a positive market response [5]. - The BlackRock Science and Technology Trust (BST) has maintained an average discount of around 5%, remaining ineligible for the buyback program due to its discount level [6]. - The BlackRock Innovation and Growth Trust (BIGZ) has seen its market price increase significantly since the buyback announcement, despite a flat NAV return [7][8]. Group 3: Performance of Specific Funds - The BlackRock Science and Technology Term Trust (BSTZ) has benefited the most from the buyback program, with its discount shrinking from 17% to around 10%, resulting in a 19.4% return based on market price [9][12]. - The buyback program is particularly advantageous for shareholders of BIGZ, BST, and BSTZ, as it allows for potential profits while also enhancing the NAV of the overall fund [11][13]. - The current yield for BSTZ is 12.8%, while BST yields 8.3%, making these funds attractive for income-focused investors [10].

On a year-to-date basis, the communications services sector is leading the way higher, but financial services are making an incredible run as well. Within the Financial Select Sector SPDR Fund ETF ( XLFInterested in more income ideas? Check out Cash Builder Opportunities, where we provide ideas about high-quality and reliable dividend growth ideas. These investments are designed to build growing income for investors. A special focus on investments that are leaders within their industry to provide stability ...

Many small-cap stocks have delivered solid returns in 2024, but the benchmark Russell 2000 index is still trading in bear territory. Stock iShares ETF Portfolio Weighting 1. FTAI Aviation 0.55% 2. Vaxcyte 0.51% 3. Sprouts Farmers Market 0.45% 4. Insmed 0.42% 5. Mueller Industries 0.35% 6. Fabrinet 0.34% 7. Fluor Corp. 0.34% 8. Applied Industrial Technologies 0.34% 9. Ensign Group 0.32% 10. UFP Industries 0.30% The Russell 2000 is an index of approximately 2,000 of the smallest companies listed on U.S. stock ...

BlackRock CEO Larry Fink said Tuesday he does not believe the Federal Reserve will cut interest rates as much as some analysts expect, due to "embedded" inflation. During a roundtable at the annual Future Investment Initiative (FII) in Saudi Arabia, the head of the world's largest asset manager was asked how much he sees the central bank cutting rates by the end of 2024. "It's fair to say we're going to have at least a 25 (basis point cut), but that being said, I do believe we have greater embedded inflatio ...

Andrew Ross Sorkin speaks with BlackRock CEO Larry Fink during the New York Times DealBook Summit in the Appel Room at the Jazz at Lincoln Center in New York City on Nov. 30, 2022.The U.S. Federal Reserve won't cut interest rates as much as markets expect because "embedded inflation" is too high, Blackrock CEO Larry Fink said Tuesday, speaking at a CEO-studded panel in Riyadh, Saudi Arabia.Fink, whose mammoth fund oversees over $10 trillion in assets, sees one rate reduction before the end of this year, com ...

TORONTO, Oct. 25, 2024 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited ("BlackRock Canada"), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final October 2024 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on October 28, 2024 will receive cash distributions payable on October 31, 2024. Details regarding the final "per unit" distribution amounts are as follows: | --- | --- | |----------------------------------------|- ...

ETF Distributions - BlackRock Canada announced the October 2024 cash distributions for iShares ETFs listed on TSX or Cboe Canada, payable to unitholders of record on October 28, 2024, with distributions paid on October 31, 2024 [1] - Detailed per-unit distribution amounts for various iShares ETFs are provided, including funds like iShares 1-10 Year Laddered Corporate Bond Index ETF ($0.049), iShares S&P/TSX Canadian Dividend Aristocrats Index ETF ($0.109), and iShares U.S. Aggregate Bond Index ETF ($0.101) [2][3] - The iShares Premium Money Market ETF (CMR) has an estimated cash distribution of $0.195 per unit for October 2024, with final amounts to be confirmed in a press release on or about October 25, 2024 [4] Company Overview - BlackRock aims to help people achieve financial well-being by providing accessible and affordable investment solutions through its fiduciary and financial technology services [5] - iShares, a BlackRock subsidiary, manages over 1,400 ETFs globally with $4.2 trillion in assets under management as of September 30, 2024, leveraging BlackRock's portfolio and risk management expertise [6] Trademarks and Licensing - iShares ETFs use trademarks licensed from Standard & Poor's, Dow Jones, and TSX, with no endorsement or promotion from these entities [7] - MSCI trademarks are used under license agreements, with no sponsorship or endorsement from MSCI for the ETFs [8]

业绩及产品 AUM 超预期回升，并购将强化 私募市场布局 BlackRock 3Q2024 业绩点评 核心观点 ⚫ 3Q24 业绩环同比改善明显，产品净流入规模创新高。1）2024 年前三季度公司实现 收入总额 147.30 亿美元， +11.35%yoy ； 实 现 营 业 利 润 54.99 亿美元， +17.25%yoy；实现归母净利润 46.99 亿美元，+13.86%yoy。2）3Q2024 公司实现 收 入 / 营业利润 / 归母净利润 51.97/20.06/16.31 亿美元， +14.93%/+22.54%/+1.68%yoy，+8.16%/+11.44%/+9.10%qoq，单季业绩环同比双 双改善明显。3）3Q23 公司整体产品资金净流入为 2210 亿美元，创下近两年来的单 季新高，其中长期产品净流入 1600 亿美元，现金管理类产品净流入 610 亿美元。 ⚫ 公司 AUM 回升拉动投资咨询及管理收入反弹，业绩报酬率增长明显。1）截至 3Q2024，公司整体 AUM 为 11.50 万亿美元，+26.09%yoy/+7.79%qoq；权益类产 品 AUM 为 6.28 万亿美元，+3 ...