- Private wealth is a ‘battleground’ as distributors add fewer firms – Partners Group “The strategy is the firm’s fastest growing unit from a headcount perspective, according to chief executive David Layton.” (Private Equity International)
- How Wirehouses, Managers Cater to Advisors Who Won’t Give Up Investment Selection “Wealth firms are responding by building tools to allow home offices more oversight of their rep-as-PM advisors. Meanwhile, asset manager wholesalers are using tactics like providing more education and tailoring their approach to the specific investment philosophies of advisors using these programs, to win business from these advisors.” (FundFire)
- 3 Contrarian Investment Strategies Worth Considering Today “Global market allocations have shifted heavily to the US, especially its largest companies. While we know it’s not normal, it could be valid. But the world’s biggest companies tend to fall or fade away over time.” (Morningstar)
- A Guide to Leveraged ETFs “Leveraged ETFs typically achieve their magnified returns through the use of derivatives such as futures contracts and swaps. These financial instruments allow the fund to gain greater exposure to the underlying index or asset without requiring the full capital outlay.” (ETF.com)
- Stanger: Aggregate Net Asset Value of NAV BDCs Up 15% in Q2 2024 Versus Q1 ’24 “The non-listed business development company sector totaled $125 billion in investment value and $75 billion in net asset value as of June 30, 2024, according to investment banking firm Robert. A. Stanger & Co., Inc., and as measured by the Stanger NAV BDC Prime Index.” (The DI Wire)
- Active ETFs set to hit $1tn in assets “Actively managed exchange traded funds are poised to hit $1tn in assets, cementing a dramatic transformation from a forgotten backwater to a key driver of global industry growth. The vehicles, which offer a cheaper rival to mutual funds that try to outperform indices, reached $974bn in assets as of the end of July, data from consultancy ETFGI showed.” (Financial Times)
- SEC Postpones Mutual Fund Swing Pricing and Hard Close Proposals “Opponents of the proposal included the Investment Company Institute and the U.S. Chamber of Commerce, both of which noted that the proposal would significantly limit investment management discretion and be both costly and challenging for mutual funds and intermediaries to implement—costs that would then be passed on to investors.” (Chief Investment Officer)
- RIAs Are Embracing These 10 Active ETFs in 2024 “Using the YCharts Fund Screener, we’ve identified the active equity strategies—excluding derivative income and options-based funds to focus on stock pickers—that have attracted the most assets year-to-date.” (YCharts)
- Why investors turn to ETFs during times of market stress “Market volatility often prompts investors to kick the tires on their portfolio, which for US investors has often meant turning to exchange traded funds, or ETFs, to refresh positions or act on new ideas.” (Yahoo! Finance)
- Musk’s Twitter investors have lost billions in value “Since late last year, Fidelity has consistently valued the X stake in one of its funds 70 percent below the purchase price, a drop in valuation first reported by Axios. Figures released Friday show that Fidelity now values that stake about 72 percent lower than when Musk took over X, taking its overall portion of the company from a valuation of around $316 million to $88 million.” (The Washington Post)
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