|Bid||0.00 x 200|
|Ask||0.00 x 100|
|Day's Range||392.16 - 409.83|
|52 Week Range||376.31 - 594.52|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||11.25|
|Earnings Date||Jan 10, 2019 - Jan 14, 2019|
|Forward Dividend & Yield||12.52 (3.13%)|
|1y Target Est||482.38|
The true scale of trading activity across Europe’s $782bn exchange traded fund sector has been a subject of speculation and debate. Most ETF dealing in Europe takes place via private over-the-counter transactions that were not required to be reported until the start of this year. This obscured the breadth and depth of the ETF market but a far more accurate assessment is possible following the introduction of strict disclosure requirements in January.
As the Big Four accounting firms in the U.K. are criticized over the quality of their audits, some investors worry about the work the companies have done on the audits of U.S. companies. U.K. regulators and lawmakers have said the firms—Ernst & Young, KPMG, Deloitte Touche Tohmatsu and PricewaterhouseCoopers—got too cozy with the British companies they audited and failed to notice questionable accounting practices.
The world’s biggest investors, including BlackRock, Vanguard and Axa, have ramped up holdings in coal since the landmark Paris climate agreement, raising the question of how seriously they take the issue of tackling global warming. The UN’s Intergovernmental Panel on Climate Change said in October that coal use would have to be heavily reduced to meet the aim of the agreement. After Paris, many asset managers, including BlackRock and Axa, said climate change presented an increasing risk to investment returns.
BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (BLK) and manager of the iShares Balanced Income CorePortfolio™ Index ETF (“CBD”) and iShares Balanced Growth CorePortfolio™ Index ETF (“CBN”, and together with CBD, the “iShares Funds”), is pleased to announce that, at special meetings held today, unitholders of each iShares Fund approved the proposed changes to the fundamental investment objective of each iShares Fund and certain related matters which were previously announced on September 28, 2018 (the “Proposals”). Given that all necessary approvals have been obtained, on or about December 11, 2018 (the “Effective Date”), BlackRock Canada will change the name and fundamental investment objectives of each iShares Fund as set out below.
Latest DevelopmentsKramp-Karrenbauer, 56, defeats conservative favorite Friedrich Merz by 517 votes to 482 in runoff ballot at party conference in Hamburg. Kramp-Karrenbauer offered her fellow candidates -- Merz and Jens Spahn -- a role in running the CDU, extending a hand following the hotly contested race to succeed Merkel. In his concession speech, Merz offered his backing for Kramp-Karrenbauer and urged his supporters to get behind the party’s new leader.
BlackRock Inc's (BLK.N) Rick Rieder is buying longer-term bonds because softening inflation could force the U.S. Federal Reserve to pause interest rate hikes, the top fixed-income investor told Reuters this week. Rieder, who is chief investment officer of global fixed income for the world's largest fund manager, said inflation could be declining from current levels. "People keep waiting for the bogeyman coming in terms of inflation, and they're going to have to wait a long time," Rieder said on Wednesday.
“Investors do not get nearly enough usable information about how their money is being voted, and because of that, they cannot adequately hold those fund managers accountable for how they vote in those elections,” Securities and Exchange Commissioner Robert Jackson Jr. said Thursday in a speech in New York. Jackson said the SEC should “more closely examine whether funds should have to disclose information about proxy voting in a different manner” to allow informed decisions by retail investors. The commissioner was speaking at a Federal Trade Commission conference on competition and consumer protection at New York University.
BlackRock's fixed income chief Rick Rieder said the inversion of the yield curve is not sending a recession signal this time, but economic growth is slowing. Rieder said the move in the bond market is more reflective of the Fed's interest rate hikes, the lower growth economy and the fact the U.S. is issuing lot of debt. Housing has slowed as mortgage rates rose, and it's likely mortgage rates could fall from here and are topping out, Rieder said.
(Bloomberg) -- Chancellor Angela Merkel’s playbook for power holds lessons for the woman she’d like to see as her political heir.
On Oct. 3, when Federal Reserve Chairman Jerome Powell shocked financial market observers by saying that “we’re a long way from neutral at this point, probably,” Rieder promptly took to Twitter to take the opposite view of most other traders, who saw this as a hawkish comment from the leader of the U.S. central bank. As a reminder, on that day, the yield on five-year Treasuries, among the most sensitive to the Fed’s policy path, rose 9 basis points, one of the sharpest increases of the past two years.
The decision may have a two-fold impact: China’s big banks are controlled by the government, so keeping inflows within this circle tightens authorities’ grip on the financial sector. "The new rules will intensify both competition and cooperation between banks and mutual fund firms," said Wang Yifeng, Beijing-based researcher at China Minsheng Banking Corp. Mutual funds have the benefit of experience but banks have wider client bases and stronger service networks, he said. About 20 Chinese banks, including the four biggest state-owned lenders, have announced plans to spin off their wealth management units, with total registered capital of about 120 billion yuan ($18 billion).
Schaeuble, who remains a key player in Merkel’s Christian Democratic Union, endorsed BlackRock Inc.’s Friedrich Merz as the best candidate to win back voters who defected to populists. Coming three days before CDU delegates elect a new party chief, Schaeuble’s move amounted to a slap at Merkel and her favored successor Annegret Kramp-Karrenbauer, the party’s general secretary. “It would be the best thing for the country” if Merz led the party, Schaeuble said in an interview with Frankfurter Allgemeine Zeitung.
BlackRock Real Assets (“BlackRock”) has reached an agreement with the Consortium of Samsung Securities (“Samsung”) as the financial investor, Samchully Asset Management (“Samchully AMC”) as the asset manager with Schroder AIDA (“Schroders”) as the asset management advisor, on the sale of a portfolio of 14 operating solar projects (the “Portfolio”) across France. This marks the first realization for BlackRock’s Renewable Power platform and offers Samsung, Samchully AMC and Schroders an attractive foothold into the European renewables power market.
Landers, who was born in Brazil but has lived in the U.S. for decades, is one of the few names from foreign shops who’s bullish on the South American country. Foreign investors have pulled 9 billion reais ($2.35 billion) from Brazilian shares this year, on pace for the worst exodus since at least 2010, as they wait for more clarity on whether President-elect Jair Bolsonaro can deliver on promises to shore up the budget.
BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (“BlackRock”) (BLK) and manager of the iShares Balanced Income CorePortfolio™ Index ETF (“CBD”) and iShares Balanced Growth CorePortfolio™ Index ETF (“CBN”, and together with CBD, the “iShares Funds”) announces that, as the quorum requirements with respect to the special meetings of the unitholders of the iShares Funds to be held on December 3, 2018 (the “Meetings”) were not satisfied, the Meetings have been adjourned. At the adjourned Meetings, the business of the Meetings will be transacted by those unitholders of each iShares Fund present in person or represented by proxy.
The $50 billion iShares Core MSCI Emerging Markets ETF, known as IEMG, took in a record $3.5 billion in November, the most ever for the fund, and nearly 22 million shares traded in the month, the most ever and more than quadruple its average monthly volume. This was before the meeting between U.S. President Donald Trump and Chinese President Xi Jinping at the Group of 20 gathering in Argentina on Sunday, where the countries supposedly agreed to a trade truce, although the nations appear to have different takes on what exactly was decided. U.S.-listed developing-nation ETFs notched their seventh straight week of inflows on Nov. 30, as the idea that the Federal Reserve could pause on rate hikes next year combined with expectations of easing trade tensions ahead of the G-20 meeting bolstered the appetite for battered emerging markets, with Wall Street giants like Morgan Stanley and Vanguard Group Inc. joining a chorus of bullish calls.
Investment bank Moelis & Co said on Monday it has hired an executive from the world's largest index fund manager, BlackRock Inc, as well as a hedge fund professional, for its team advising companies facing activist shareholders. Ted Moon, who had been a principal at Will Mesdag's hedge fund Red Mountain Capital Partners, recently joined Moelis as an executive director in its Los Angeles office, the bank confirmed on Monday.
BlackRock has warned clients to “build resilience” into investment portfolios with the help of new asset-class performance forecasts that it will release this week. Building resilient portfolios is always important but especially in this ‘late cycle’ environment,” said Jean Boivin, global head of research at BlackRock Investment Institute. The data will be presented in various currencies on an interactive website so that institutional investors, such as pension schemes, sovereign wealth funds and family offices, can compare models built by BlackRock with their portfolios.
One of the world’s biggest tax scandals involving an estimated €55bn and 12 European governments last week claimed its first high-profile casualty from the investment industry. The resignation of Christian Hyldahl as chief executive of ATP, the largest pension fund in Denmark, may prove to be just the first of many departures related to complex dividend-related trades that exploited loopholes in tax laws. Danish politicians put pressure on Mr Hyldahl to resign after information emerged about his role in facilitating questionable tax-related dividend trades while he was with his previous employer Nordea, the Nordic financial services provider.
Invesco , the $926bn Atlanta-based asset manager, is shuffling some of its senior management. Philip Taylor will step down as head of the Americas on March 1 to become Invesco’s vice-chair before leaving ...
The US will hold off on the promised 25 per cent tariffs on China, in exchange for “not yet agreed upon, but very substantial” Chinese purchases of American agricultural products. It certainly won’t reset the global trading system to normal.
Lyndon Park Joins ICR as Managing Director, Head of Governance Advisory Solutions By John Jannarone ICR has hired Lyndon Park, a former executive at BlackRock and Dimensional Fund Advisors, to lead its newly-launched Governance Advisory Solutions practice, the communications and advisory firm announced Thursday. The new group, which ICR established as it hired Mr. Park, […]
Jupiter Asset Management has dismissed its joint chief operating officer as the UK investment company grapples with rising costs and outflows that have spread beyond its flagship bond fund. Lance DeLuca, who was also head of operations at the £48bn fund manager, left after the company decided it no longer needed two executives in the same role. Mr DeLuca reported to chief executive Maarten Slendebroek, whom he followed to Jupiter from BlackRock four years ago.
The 13F filings on September 30 indicated that institutional investors own ~87.9% of Stanley Black & Decker’s (SWK) outstanding shares. A total of 817 institutions hold Stanley Black & Decker. Among the institutions, 323 increased their positions on Stanley Black & Decker, 354 reduced their positions, and 140 maintained their positions.