BLK - BlackRock, Inc.

NYSE - NYSE Delayed Price. Currency in USD
463.40
-4.84 (-1.03%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close468.24
Open467.87
Bid408.00 x 800
Ask484.84 x 1800
Day's Range461.49 - 470.92
52 Week Range360.79 - 516.95
Volume396,975
Avg. Volume503,739
Market Cap71.977B
Beta (3Y Monthly)1.37
PE Ratio (TTM)17.48
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield13.20 (2.82%)
Ex-Dividend Date2019-06-05
1y Target EstN/A
Trade prices are not sourced from all markets
  • Gold Near Record in India May Lure Investors Back to the Bazaars
    Bloomberg4 hours ago

    Gold Near Record in India May Lure Investors Back to the Bazaars

    (Bloomberg) -- A rally in domestic gold prices to near record levels may coax investors missing from India’s bazaars to once again buy coins and bars after little movement in the last five years.Benchmark gold futures in Mumbai have surged 11% this year to as high as 34,893 rupees ($504) per 10 grams on Tuesday, just shy of a record of 35,074 rupees touched in 2013.“The whole world is getting bullish on gold now because of the economic and geopolitical tensions,” said Ketan Shroff, a director at Mumbai-based Penta Gold Pvt. and a former joint secretary of the India Bullion and Jewellers Association Ltd., by phone. “People will buy gold as an investment and we may see some good demand in small coins and bars and not in jewelry.”Spot gold surged to the highest level in six years -- topping $1,430 an ounce -- as fresh U.S. sanctions on Iran added to uncertainty in global markets and the U.S. Federal Reserve opened the door to an interest rate cut. More gains are in store with Morgan Stanley choosing gold as its top commodity pick on a six-month view. India’s investment demand was 341 tons in 2013 and fell to 162.4 tons last year, according to the World Gold Council. Rising prices will help investment demand and purchases of coins and bars may be higher-than-expected this year, according to Metals Focus Ltd.“These are positive signs for long-term gold demand,” said Chirag Sheth, a senior consultant at the London-based firm. The spike in prices comes at a time when India is entering a seasonally slow demand season after June, so jewelry sales may not be impacted much, he said.India’s gold consumption may rise 10%-15% in 2019 from the 760 tons bought last year, according to Saurabh Gadgil, chairman of the Pune-based PN Gadgil Jewellers Pvt. Despite the current rally in prices, people haven’t been lining up yet to sell their gold and that’s positive for the market, he said.Gold demand in India has been picking up as weaker prices boosted purchases for weddings and festivals and as cash handouts and higher spending during the federal elections in April and May gave a fillip to disposable incomes. The second half of the year is usually the peak demand season in India because of festivals.“At the consumer level, there is bullishness about gold prices,” Gadgil said by phone. Gold has been subdued for the last few years and people who have been holding back purchases -- including young people who have wanted to invest for the last two-to-three years -- may look to buy, he said.Demand RevivalConsumption in the January-to-March period rose 5% on year to 159 tons and demand in the second quarter is expected to be higher due to weddings and the key auspicious gold buying day of Akshaya Tritiya, according to the WGC. Import numbers for the first five months of 2019 also suggest better sales in the local markets. Inbound shipments are estimated to have risen 44% during January-May to 416.3 tons, according to data collated by Bloomberg.To contact the reporter on this story: Swansy Afonso in Mumbai at safonso2@bloomberg.netTo contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, Keith Gosman, Alpana SarmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Gold Gains to Near Highest Since 2013 as Bulls ‘Back in Control’
    Bloomberg17 hours ago

    Gold Gains to Near Highest Since 2013 as Bulls ‘Back in Control’

    (Bloomberg) -- The rally in gold is picking up fresh fuel from investors.Two key data points on Friday suggest speculators are adding plenty of cash to the rally, which could drive prices even higher. Gold has now stormed past $1,400 an ounce, hitting the highest close since August 2013.SPDR Gold Shares, the largest bullion-backed exchange-traded fund, attracted almost $1.6 billion on Friday, the most since its inception in 2004Hedge funds and other large speculators boosted their net long positions in U.S. gold futures and options to the highest since February 2018“Gold bulls are back in control,” Edward Moya, senior market analyst at Oanda Corp., said in a note, adding the metal remains supported by rising expectations of a 50 basis point cut at the Fed’s July meeting. “The question is no longer will the Fed ease, but by how much? The Fed historically likes to kick on an easing cycle with a bang and a 50 basis point cut should become the base case.”The rally has been driven by signs that the U.S. Federal Reserve and other central banks are turning more dovish on monetary policy. Planned U.S. sanctions against Iran, as well as the coming meeting between the American and Chinese presidents, are also creating a raft of bullish factors for the precious metal.Since gold has adapted to being a hedge for those factors, “there is still scope for investors to increase exposure,” Nicky Shiels, commodity strategist at Bank of Nova Scotia, said in a note Monday. A de-escalation of U.S. and global political events would cause some, not all, of gold’s premium to be erased as the market increasingly accepts the shifting global monetary policy stance and the pressure U.S. policy is placing on the value of the dollar, she said.All told, bullion could end the year even higher, according to Russ Koesterich, a portfolio manager at the $27 billion BlackRock Global Allocation Fund. Speculative money moving into bullion is another reason gold could have more upside than downside, Martin Lakos, division director at Macquarie Wealth Management, said in a Bloomberg TV interview. The bank forecasts gold at $1,450 an ounce by the first or second quarter of next year, he said.Gold futures for August delivery climbed 1.3% to $1,418.20 at 1:32 p.m. on the Comex in New York. Prices soared 4.1% last week, the biggest gain since April 2016. A gauge of the U.S. dollar hit a three-month low.In other precious metals, silver gained on the Comex, while palladium and platinum rose on the New York Mercantile Exchange.\--With assistance from Shery Ahn.To contact the reporters on this story: Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.net;Rupert Rowling in London at rrowling@bloomberg.net;Justina Vasquez in New York at jvasquez57@bloomberg.netTo contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, ;Luzi Ann Javier at ljavier@bloomberg.net, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • BlackRock Sees Gold Ending Year Higher on Fed's Dovish Pivot
    Bloombergyesterday

    BlackRock Sees Gold Ending Year Higher on Fed's Dovish Pivot

    (Bloomberg) -- Gold’s rally to the highest since 2013 may have room to run further after the Federal Reserve indicated a readiness to cut borrowing costs, which would keep real rates low and weigh on the dollar, according to BlackRock Inc.“Gold could end the year higher,” Russ Koesterich, portfolio manager at the $27 billion BlackRock Global Allocation Fund, said in an interview. “If we continue to see a pivot toward easier monetary policy from the Fed, then I think gold can go higher from here,” he said, adding that there is likely to be some pullback and consolidation in the near-term.Gold is back in the limelight as investors seek havens amid slowing global growth due to the fallout from the U.S.-China trade dispute and as central banks globally adopt a more dovish tone. While the Fed left its key rate unchanged on Wednesday, it dropped a reference to being “patient” on borrowing costs and forecast a larger miss of their 2% inflation target this year. The greenback weakened to erase its 2019 gains.“If easier policy from the Fed contains the dollar, that’s an environment, all else equal, that is supportive of gold,” Koesterich said last week in a phone interview after the central bank’s decision. “What I’d add is if we get a situation where the Fed is easing perhaps more than people thought because trade frictions are rising, that might be a particularly strong period for gold.”The Fed would be easing at the same time as volatility would be rising and demand from investors for hedges would be going up, he said.Spot gold rose as much as 0.8% to $1,411.23 an ounce and traded at $1,406.02 at 7:12 a.m. in London. Prices surged to $1,411.63 on Friday, the highest level in more than five years. Citigroup Inc. said Thursday that the enthusiasm is justified, with $1,500 to $1,600 possible in the next 12 months under a bullish-case scenario that includes borrowing costs falling below zero.The Fed last cut rates in 2008 and began its most recent tightening cycle at the end of 2015, with four hikes last year. The so-called dot plot, which the U.S. central bank uses to signal its outlook for the path of interest rates, shows that policy makers are divided for the remainder of 2019. European Central Bank President Mario Draghi last week paved the way for a rate cut, and counterparts in Australia, India and Russia have lowered borrowing costs.“In the near term, gold, like bonds, has had a very large move, so it would not be surprising if there was some consolidation,” said Koesterich, adding that BlackRock’s bullion holdings through exchange-traded funds have been “relatively static” over the last month. “But if we are moving into a period where the Fed or other central banks feel the need to ease monetary conditions, gold is probably going to have a better environment than it did earlier this year.”(Updates price in sixth paragraph.)To contact the reporter on this story: Ranjeetha Pakiam in Singapore at rpakiam@bloomberg.netTo contact the editors responsible for this story: Phoebe Sedgman at psedgman2@bloomberg.net, Keith GosmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times2 days ago

    Pension funds raise concern over index manager stewardship

    Passive fund managers are failing to fulfil their stewardship duties, according to their pension scheme clients, partly because of the sheer number of companies in the indices their products track. Providers of products such as index cap-weighted funds and exchange traded funds have scooped up trillions of dollars in retirement assets over the past decade as investors embraced cheaper alternatives to expensively managed active funds. More than a quarter (27 per cent) of the 127 pension plans with €2.2tn in assets surveyed said index managers were not meeting their stewardship goals at all, while 23 per cent said they were only meeting them to a limited extent.

  • Lords of the Ring: Can 'smart' ring give BlackRock fund managers the edge?
    Reuters4 days ago

    Lords of the Ring: Can 'smart' ring give BlackRock fund managers the edge?

    After years of using the internet, satellites, algos and other innovations to mine 'Big Data' for that edge over rivals, the world's biggest investment firm is trialing a gizmo that puts the focus back on humans -- its own portfolio managers. In an world where marginal gains can translate into millions of dollars of returns BlackRock, which manages $6.5 trillion in assets, is betting that healthier, happier fund managers make smarter investment decisions -- and wearable smart technology can help optimize their performance. Several fund managers from BlackRock's European equities team now wear smart-tech rings that collate data on their sleep patterns, heart rate and other health indicators, according to three sources at the firm who are familiar with the trial.

  • Bond Traders Have the Fed Firmly on Their Side
    Bloomberg6 days ago

    Bond Traders Have the Fed Firmly on Their Side

    (Bloomberg Opinion) -- Faced with an extraordinarily difficult situation, Federal Reserve Chair Jerome Powell gave bond traders exactly what they wanted in the central bank’s latest monetary policy decision.While the Fed left its benchmark lending rate unchanged in a range of 2.25% to 2.5%, changes to language in the Federal Open Market Committee’s statement, like removing the word “patient” and pledging to “act as appropriate to sustain the expansion,” pointed to reducing interest rates in the near future. One voting member, St. Louis Fed President James Bullard, even dissented in favor of a cut. On top of that, the “dot plot” showed the median projection among policy makers was for lowering interest rates at some point before the end of 2020. The reaction in the world’s biggest bond market was swift, even though a Bank of America Merrill Lynch survey released Tuesday found that being long U.S. Treasuries has become the world’s most-crowded trade for the first time ever. Two-year U.S. yields dropped 10 basis points after the announcement to 1.76%. The day of the Fed’s last meeting, it was 2.3%. Benchmark 10-year yields also fell toward the 2% level, which hasn’t been breached since around the time Donald Trump was elected president. The yield curve steepened sharply.On top of validating dovish wagers among bond traders, who had priced in 2.5 cuts for 2019 ahead of the decision, the Fed’s latest shift is also a victory for Trump, who has been pounding the table for lower interest rates and whose White House, as Bloomberg News reported, in February explored the legality of demoting Powell. (He said “let’s see what he does” when asked later on Tuesday if he still wants to demote him.)This is probably not the outcome that Powell wanted but the one he felt he had little choice but to deliver. Just consider what has happened since the last Fed member spoke on June 7, before its blackout period began.June 7: The May jobs report showed nonfarm payrolls rose 75,000, missing all estimates in a Bloomberg survey, with the unemployment rate steady at 3.6%. June 7: Trump tweeted that tariffs on Mexican goods, which sparked a massive flight-to-quality trade in Treasuries, were “indefinitely suspended.” June 12: Consumer price index data missed estimates. June 14: Retail sales were stronger than expected, while the University of Michigan's gauge of expected inflation fell to an unprecedented low. June 17: The New York Fed’s Empire State Manufacturing Index plunged in June by the most on record. June 18: European Central Bank President Mario Draghi promised that officials are ready with stimulus if needed. June 18: The S&P 500 came within 0.8% of a record high.This is a decidedly mixed bag. The labor market remains strong but is slowing from its breakneck pace. Inflation is at risk of persistently undershooting the Fed’s target. Business confidence is weakening, though consumers are resilient. And central banks around the globe are shifting to easier policy in anticipation of slower growth ahead. The Fed’s own updated projections reflect this murky outlook: Growth is now seen as higher in 2020, at 2%,  while officials predict inflation will be lower than they thought in the coming year and a half. Powell took the path of least resistance. Just as the first rule of bond trading is “don’t fight the Fed,” one mantra of heading up the central bank could well be summarized as “don’t fight the markets.” He made abundantly clear that officials have had a “significant” change in their outlook relative to earlier this year, as evidenced by the adjusted FOMC statement. I wrote earlier this week that this Fed decision would show if the markets broke Powell. It’s possible that already happened in late December, when stocks were in freefall and Trump privately discussed firing his pick to lead the central bank. In what’s known as the “Powell pivot,” in early January he backed off from his previously firm stance that the balance-sheet runoff would continue on “automatic pilot” and went from shrugging off “a little bit of volatility” to assuring investors that he was attuned to the market’s concerns about downside risks.Bond traders, meanwhile, can quickly move on from debating whether the Fed will lower interest rates this year to when those cuts will begin. Policy makers left themselves some room to maneuver, but not much. In fact, the updated 2019 dot was close to forecasting an interest-rate reduction. After capitulating to markets this time, it would seem as if July is definitely in play. Fed funds futures indicate a cut next month is a near certainty.“They’re delivering on and above market expectations,” Jeffrey Rosenberg, systematic fixed-income senior portfolio manager at BlackRock Inc., said on Bloomberg TV. “The markets will now expect action in July,” added Michael Gapen at Barclays Plc.It’s regrettable that Powell didn’t show more backbone. Sure, his overarching goal is to sustain the economic expansion, and it’s clear that the data isn’t as strong as it was during the zenith of the tightening cycle. But that’s to be expected at this point, a decade after the recession ended and amid some self-inflicted pain on the trade front.This is a crucial time for the Fed and for monetary policy in general. Given that the ECB and Bank of Japan haven’t managed to wean their economies off extraordinary stimulus measures, it raises tough questions about whether central banks are doing more harm than good with what appears to be a tendency to prop up markets at every turn. Powell did a better job than his predecessor at staying the course, but he has proved willing to capitulate at most turns in 2019.Powell has advantages that his counterparts don’t, including a stronger domestic economy and a policy rate that has increased eight times since December 2016. He at least has a bit of room to try an “insurance cut” to keep the good times going.But fractionally lower interest rates aren’t going to magically fix the U.S.-China trade tensions nor provide the spark needed to lift inflation or encourage vast business investment. It serves mostly as a signal to Wall Street that the Fed knows its cues. Powell can only hope that the short-term high will be worth it in the long run.To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • BlackRock Is Shorting the Australian Dollar
    Bloomberg6 days ago

    BlackRock Is Shorting the Australian Dollar

    (Bloomberg) -- BlackRock Inc. is shorting the Australian dollar on a bet the central bank will cut interest rates to as low as 0.5% to revive the struggling economy.The Aussie will extend recent declines and probably fall as low as 65 U.S. cents next year, said Craig Vardy, head of fixed income for Australia in Sydney at BlackRock, which oversees $6.52 trillion. The Reserve Bank of Australia will keep easing as the economy cools and U.S.-China tensions weigh on global growth, he said.“I’ve no doubt that the RBA wouldn’t have an issue taking the cash rate below 1%,” Vardy said. The central bank wants to see lower unemployment and higher inflation, and is “probably willing to push a little harder to get some traction,” he said.Australia’s dollar has tumbled 2.5% this year as U.S.-China trade frictions and signs global growth is slowing weigh on commodity currencies. The Aussie fell to 68.32 cents Tuesday, the weakest since the so-called currency flash crash on Jan. 3, before trading at 68.75 cents on Wednesday. The last time it was below 65 cents was in March 2009.The currency has been out of favor this year as the RBA turned dovish and cut rates for the first time in three years. The central bank trimmed its cash rate by 25 basis points to 1.25% on June 4, with Governor Philip Lowe saying the decision would help reduce unemployment and boost inflation. Further easing is “more likely than not,” minutes released Tuesday showed.The Aussie’s decline won’t necessarily be in a straight line, Vardy said. BlackRock sees the currency initially slipping to around 67 cents where it is likely to find some support before later falling to around 65 cents when the RBA cuts to 0.5%, he said.BlackRock isn’t alone in expecting the RBA to keep easing. Franklin Templeton Investments and JPMorgan Chase & Co. say Aussie bonds will rally as the RBA lowers its benchmark to 0.5%. Commonwealth Bank of Australia, the nation’s biggest lender, revised its RBA forecast on Tuesday to predict two more rate cuts this year, taking the key rate to 0.75%.The RBA is likely to “stop and evaluate” the state of the economy after initially cutting rates to 0.75%, BlackRock’s Vardy said. Policy makers may then decide to cut again next year to ensure they’ve done enough to boost employment and support the economy. “We can definitely see an outcome where they get to 50 basis points,” he said.Here are some of Vardy’s other investment views:Fed Policy“A cut is likely. I think July is probably the month they’re looking, and will there be a follow up? I’d say likely yes”Trade Tensions“It’s going to get worse before it gets better”Trump wants an improved balance of trade with China, but is he kind of playing the Fed off here as well, i.e. the more the rhetoric escalates, the more the Fed is kind of being brought to the table to cut rates?If Trump keeps amping up the trade rhetoric, does that mean the Fed has to go harder and cut rates? “It’s actually very difficult to know what is the end game here”Inflation Shock“Probably the risk that everyone thinks has gone away is inflation. Break-evens just continue to get crushed globally. If you were to get an inflation spike, oil price rising, something like that, if you were to see some kind of shock there then it’s clearly a risk in the market that I think is being neglected”Australian Housing Market“House prices and apartment prices are still way too high, so I think there will be an ongoing adjustment”“We’ve had a short-term boost to sentiment from the Liberal government re-elected. The issue here is really demand for credit. We can’t see that picking up in the near-term, despite the RBA cutting rates”Emerging Markets“On the client side, we’ve had a lot more inquiries around emerging-market credit”“It’s about chasing yield offshore”“You have to be really, really selective about owning emerging markets but we think there’s some reasonably opportunities there”(Updates currency level in fourth paragraph.)To contact the reporter on this story: Ruth Carson in Singapore at rliew6@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Nicholas Reynolds, Liau Y-SingFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Markit7 days ago

    See what the IHS Markit Score report has to say about BlackRock Inc.

    BlackRock Inc NYSE:BLKView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for BLK with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting BLK. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding BLK are favorable, with net inflows of $9.06 billion. Additionally, the rate of inflows is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Investing.com7 days ago

    BlackRock Rises 3%

    Investing.com - BlackRock (NYSE:BLK) rose by 3.04% to trade at $453.50 by 10:12 (14:12 GMT) on Tuesday on the NYSE exchange.

  • BlackRock Senior Leadership Says Risky Assets Have ‘Room to Run’
    Bloomberg8 days ago

    BlackRock Senior Leadership Says Risky Assets Have ‘Room to Run’

    (Bloomberg) -- A majority of BlackRock Inc.’s top decision-makers had a simple conclusion after gathering in London last week: A supportive backdrop for risky assets probably has “room to run” -- for at least 12 more months.Senior leadership at the world’s largest asset manager cited easy monetary policies and few signs of financial imbalances, BlackRock’s Jean Boivin, Elga Bartsch and Scott Thiel wrote in a report.Still, trade and the Federal Reserve remain big questions. Escalating tension between the U.S. and nations including China and Mexico compounds growth risks, while the market may have been too aggressive in pricing in significant interest rate cuts by the Fed, they said.“We see this week’s FOMC meeting providing an opportunity for the Fed to manage market expectations, as the market’s pricing of rate cuts has materially diverged from the central bank’s patient policy stance,” Boivin, Bartsch and Thiel wrote.BlackRock’s overweight recommendations over a three-month horizon include U.S. stocks, emerging-market equities and Asian ex-Japan shares as well as U.S. municipal bonds, while it’s underweight European equities and bonds.To contact the reporter on this story: Ben Bartenstein in New York at bbartenstei3@bloomberg.netTo contact the editors responsible for this story: Julia Leite at jleite3@bloomberg.net, Alec D.B. McCabe, Philip SandersFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is BlackRock (BLK) Outperforming Other Finance Stocks This Year?
    Zacks8 days ago

    Is BlackRock (BLK) Outperforming Other Finance Stocks This Year?

    Is (BLK) Outperforming Other Finance Stocks This Year?

  • Why BlackRock (BLK) is a Great Dividend Stock Right Now
    Zacks8 days ago

    Why BlackRock (BLK) is a Great Dividend Stock Right Now

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BlackRock (BLK) have what it takes? Let's find out.

  • The 10 Best Index Funds to Buy and Hold
    InvestorPlace8 days ago

    The 10 Best Index Funds to Buy and Hold

    Editor's note: This story was originally published in January 2019 and has since been updated and republished.Index funds are responsible for saving investors like you and me untold billions of dollars in fees over the past couple of decades. They've also spared us countless headaches. (I don't know about you, but I'm glad I don't have to pick specific stocks to buy to get exposure to utilities or play the growth in India's middle class.) And the best index funds … well, they've made us a lot of money, which is the point of it all.Source: Investment Zen via Flickr (Modified)But index funds are also contributing to an issue that could blow up in our faces.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe push into index funds has intensified to the point that some experts believe it's not only driving the market higher, but it's causing a valuation bubble. In short, if you buy into any fund (index or not), the fund must invest that money into more stocks -- and all that buying is distorting valuations. The danger, then, is that when that bubble pops, many supposedly safe index funds will feel the pain worse than other parts of the market.The lesson here is that the best index funds to buy for the foreseeable future aren't all going to look the same. * 7 Top-Rated Biotech Stocks to Invest In Today Some top index fund picks will be so buy-and-hold-oriented that you won't need to worry about the bubble popping in a year or two or three because you plan on holding for 20 years, maybe 30. Some of the best picks for next year will only be worth buying into for tactical trades of a week or two at a time.So the following is a list of the best index funds for everyone -- from long-term retirement-minded investors to click-happy day traders. And this includes a few funds that I either hold currently or have traded in the past.In no particular order … iShares Core S&P 500 ETF (IVV)Type: Large-Cap Equity Expenses: 0.04%, or $4 annually for every $10,000 invested.Every year, I take a look at the best index funds for investors, and the Vanguard S&P 500 ETF (NYSEARCA:VOO) is always at the top of my list.The argument is typically the same, and consists of two parts: * The S&P 500 Index is one of the best chances you have at solid investment performance. That's because most equity funds fail to beat the market, most hedge funds fail to beat the market, and, to quote Innovative Advisory Group, "individual investors as a group have no idea what they are doing." So if beating the market is so darned hard, just invest "in the market" and get the market's actual return. The VOO and two other exchange-traded funds allow you to do that. * The VOO is the cheapest way to invest in the S&P 500.But that second point has changed.In trying to position itself for advisers who may want to suggest the lowest-cost offerings, iShares parent BlackRock, Inc. (NYSE:BLK) lowered the fees on 15 of its Core-branded ETFs, including the S&P 500-tracking iShares Core S&P 500 ETF (NYSEARCA:IVV).Previously, the IVV charged 7 basis points. It's better than the SPDR S&P 500 ETF's (NYSEARCA:SPY) 9.45 bps, but still above VOO's 5 bps. Now, though, IVV falls closest to the cellar at just 4 basis points in annual fees. Thus, the recommendation stands. Buy the market for as cheap as you can, and right now, that's the IVV.And that note of caution? If the valuation bubble does pop, the S&P 500 and its components very well could be hit harder than many other blue-chip stocks outside the index. If you only have a few years left in your investment horizon, you should acknowledge this and invest (and monitor) accordingly. If your investment horizon is measured in decades, buy and never look back.Learn more about iShares' IVV here iShares Core S&P Mid-Cap ETF (IJH)Type: Mid-Cap Equity Expenses: 0.07%As I just said, it's difficult to beat the market. But the iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) is awfully, awfully darn good at it. From a total performance perspective, the IJH has beaten the IVV over a 15-year period.Source: Rachel Kramer via FlickrAnd yet, very few people talk about the IJH as , just as very few people talk about the companies that make it tick, such as veterinary supplier Idexx Laboratories, Inc. (NASDAQ:IDXX) and plant-based food and beverage producer WhiteWave Foods Co (NYSE:WWAV).So … what's the deal?Mid-cap companies are frequently referred to as the market's "sweet spot." That's because, as Hennessy Funds describes in a recent whitepaper (PDF), they typically feature much more robust long-term growth potential than their large-cap brethren, but more financial stability, access to capital and managerial experience than their small-cap counterparts. * 10 Stocks to Buy That Wall Street Expects to Soar for the Rest of 2019 The result:"Using standard deviation as a statistical measure of historical volatility, investors in mid-cap stocks have consistently been rewarded with lower risk relative to small-cap investors over the 1, 3, 5, 10, 15 and 20 years ended December 31, 2015. While mid-caps have historically exhibited higher standard deviation than large-caps, investors were compensated for this higher volatility with higher returns for the 10, 15 and 20 year periods."Ben Johnson, CFA, director of global ETF research for Morningstar, points out that "an investment in a dedicated mid-cap fund reduces the likelihood of overlap with existing large-cap allocations and stands to improve overall portfolio diversification."In other words, IJH is an outstanding fund, but don't consider it an S&P 500 replacement -- consider it an S&P 500 complement.Invest in both.Learn more about IJH here SPDR S&P Bank ETF (KBE)Type: Industry (Banking) Expenses: 0.35%Bank stocks have done very, very well in 2019, with solid year-to-date performances in stocks like Bank of America (NYSE:BAC, +16%) and Citigroup (NYSE:C, +16.7%) leading the broad Financial Select Sector SPDR Fund (NYSEARCA:XLF) to a 12.5% gain since the start of 2019. This makes the SPDR S&P Bank ETF (NYSEARCA:KBE) especially attractive.Source: Mike Mozart via FlickrSince Donald Trump's election, the KBE has gained just shy of 20% on the belief Trump will tear down Wall Street regulations, creating an environment that's much more conducive to bank profits.That was confirmed in late 2016, when Trump confirmed Steve Mnuchin as his pick for Treasury Department secretary, and Mnuchin was quick to say that "(stripping) back parts of Dodd-Frank that prevent banks from lending" was top on his list of priorities.Mnuchin said something else telling -- namely, that regional banks were the "engine of growth to small- and medium-sized businesses." I got a call from Chris Johnson of JRG Investment Group after that, and he quipped, "It's like he stared into the camera and winked at every regional bank and said, 'You're going to make money again.'"While XLF does hold banks, it also holds insurers and other types of financials. KBE is a more focused collection of more than 60 banks, including national brands like Bank of America to smaller regionals like Montana-based Glacier Bancorp, Inc. (NASDAQ:GBCI), which is less than $3 billion by market cap. These stocks will not only benefit from any anti-regulation action but also future interest rate hikes.Learn more about SPDR's KBE here PowerShares Aerospace & Defense Portfolio (PPA)Type: Sector (Defense) Expenses: 0.64%Another Trump play worth the while is defense stocks. Yes, most pundits thought defense plays would do well under either Clinton or Trump, but the consensus seems to see the president-elect as the more defense-friendly choice.Source: Shutterstock The PowerShares Aerospace & Defense Portfolio (NYSEARCA:PPA) is one of two ideal ways to play the defense space broadly. The other is the iShares U.S. Aerospace & Defense ETF (NYSEARCA:ITA), and frankly, I think it's a toss-up between the pair. It just depends on what you're looking for.Both are heavy in many of the same stocks, such as Boeing Co (NYSE:BA) and United Technologies Corporation (NYSE:UTX). The price advantage goes to the iShares fund, which is cheaper by 20 basis points. However, PPA is a better choice if you're looking for more diversification slightly less of its weight is in its top 10 holdings than ITA, and it also features 51 holdings to ITA's 37.The PowerShares ETF also hasn't run as hotly as iShares' fund. The ITA is up 41% since the February bottom versus about 38% for PPA, and the former is up just a hair more since the election. * 7 High-Quality Cheap Stocks to Buy With $10 It's a small difference, but an important one. Defense stocks are clobbering the market this year, including more than doubling the S&P 500 since Trump got elected. This isn't a hidden trade. Frankly, I think new money should consider waiting for the next sizable market dip to knock some of the froth off before buying either of these ETFs.But defense will rule for the foreseeable future. Thus, PPA and ITA will too.Learn more about PowerShares' PPA here. Global X SuperDividend Emerging Markets ETF (SDEM)Type: Emerging-Market Dividend Expenses: 0.65%The next four funds are dedicated yield plays, and we're starting with a pretty young (and aggressive) ETF -- the Global X SuperDividend Emerging Markets ETF (NYSEARCA:SDEM). But there are a few sound theories that could make this one of the best international plays.Source: Shutterstock Trump is widely considered to be a net negative for emerging markets because of his anti-trade, pro-U.S. rhetoric. But as Paul J. Lim and Carolyn Bigda at Fortune point out, the recent reactionary drought in EM stocks has brought their price-to-earnings ratios below their long-term average. Plus, if Trump ends up being mostly talk on this front, that fear will abate, taking pressure off emerging markets.The duo points out a number of other drivers, including … * Stimulated U.S. economic growth would benefit emerging markets who export to the West. * Commodity price pressure has eased, helping the many materials plays in EMs. * Higher oil prices should reduce the number of loan defaults in oil and gas, which will lift some of the worries about emerging markets' financial companies.All of that stands to benefit the SDEM, which boasts materials (23%) and financials (15%) as its two heaviest sectors, and invests heavily in commodity-focused markets including Brazil and Russia.SDEM does pose a bit of risk by intentionally investing in some of the highest yielders across a number of emerging markets -- as we all know, dividends can suggest financial stability, but excessively high dividends can be a symptom of troubled companies.But Global X views the high dividends as another factor of value (the reason yields are high is because the stocks are underappreciated), and it does mitigate this risk by equally weighting its 50 holdings upon every rebalancing. So right now, the largest weight in the fund is Indian miner Vedanata Ltd (ADR) (NYSE:VEDL) at just less than 4% of the fund.SDEM's monthly dividend yields 6.39%. That's still excellent for an emerging-markets fund, and the icing on the cake if the potential for an EM rebound is realized.Learn more about SDEM here PowerShares S&P 500 High Dividend Low Volatility Portfolio (SPHD)Type: U.S. Dividend Expenses: 0.3%If you're looking for dividend stocks without quite so much risk, the PowerShares S&P 500 High Dividend Low Volatility Portfolio (NYSEARCA:SPHD) is literally designed to provide you with just that.Source: Shutterstock The SPHD is another 50-stock portfolio that seeks out dividends, not in risky emerging markets, but in the most stable high-yield blue chips the S&P 500 has to offer. To do this, the index takes the 75 highest-yielding constituents of the index, with a maximum of 10 stocks in any one particular sector, then takes the 50 stocks with the lowest 12-month volatility from the group.The result is a mostly boring group of stocks that are heavy in utilities (17%), industrials (15%) and real estate (13%). What's interesting there is that information technology is a fairly heavyweight at 12% of the fund.The fund also uses a modified market cap-weighting scheme that provides a ton of balance. Even top holdings CME Group (NASDAQ:CME) and General Motors (NYSE:GM) are just barely 3% of the fund apiece. * 7 Stocks to Buy for the Coming Recession The main purpose of a fund like SPHD is to create even returns and strong income -- something more in line of protection against a down market. But it has even managed to clobber SPY (and numerous dividend ETFs) amid a rip-roaring rally.SPHD is young, but it looks like one of the best index funds on the market.Learn more about SPHD here SPDR Bloomberg Barclays High Yield Bond ETF (JNK)Type: Junk Bond Expenses: 0.4%In late 2014, I picked the SPDR Bloomberg Barclays High-Yield Bond ETF (NYSEARCA:JNK) as one of the best index funds to buy for 2015, and JNK responded by dropping 13% that year and recovering to "only" 8% declines this year. On a total return basis, however, JNK has actually returned 5.5%.That reflects the general idea behind buying JNK -- even in difficult times for junk bonds, a heavy yield can do a lot to offset capital losses, and then some.Invesco released a report showing that high-yield bonds like those held in JNK actually perform well in rising-rate environments (PDF). It starts:"Since 1987, there have been 16 quarters where yields on the 5-year Treasury note rose by 70 basis points or more. During 11 of those quarters high yield bonds demonstrated positive returns; during the five quarters where high yield bond returns were not positive, the asset class rebounded the following quarter."There's a number of reasons for this, such as an expanding economy normally being a boon for corporate debt service (lowering default rates), a lower relative duration rate of junk bonds and the boosting of returns via prepayment penalties by companies anxious to reduce or eliminate their debt before rates increase.Meanwhile, near-zero rates have helped keep down the rates on junk bonds, so right now JNK is yielding nearly 6% despite offering some of its lowest nominal payouts since inception in late 2007. Expect that to rise along with interest rates in coming years, which will provide outstanding annual returns from income alone to anyone with a long investment horizon.Learn more about SPDR's JNK here VanEck Vectors Preferred Securities ex Financials ETF (PFXF)Type: Preferred Stock Expenses: 0.41%*Another less-ballyhooed asset geared toward high income is preferred stocks. They're called "preferred" because the dividends on them actually take preference over common stock dividends.Source: Shutterstock Preferreds must be paid before commons are, and in the case of a suspension, many preferred stocks demand that the company pay all missed dividends in arrears before resuming dividends to common shares.And the "stocks" part of the moniker is a little misleading too, because they actually have a lot in common with bonds: * While common stock technically is equity, it typically doesn't include voting rights (like bonds). * Also, rather than a dividend that may fluctuate from payout to payout like a stock, preferreds have one fixed, usually high, payout amount that's assigned when the stock is issued (like bonds). * While common stock technically can register capital gains and losses, they tend to trade close to the par value assigned at issuance, which often is $25. So they might trade at a little discount or a little premium, but they don't fluctuate a lot. In other words: They have low volatility. * 7 Dark Horse Stocks Winning the Race in 2019 While I have long been (and still am) invested in the iShares U.S. Preferred Stock ETF (NYSEARCA:PFF), my recommendation is the VanEck Vectors Preferred Securities ex Financials ETF (NYSEARCA:PFXF).The PFXF was one of a few ex-financials funds that came to life in the wake of the 2007-09 financial crisis and bear market. So it differs mightily from most preferred stock funds which are heavy in banks and other financial stocks. Instead, PFXF is loaded with preferreds from utilities (29%), REITs (28%) and telecoms (15%).But the real draw of PFXF is its low 0.4% expense ratio, tiny beta of 0.2 and 5.9% yield -- the best combination of the three in the space.*Includes an 8-basis-point fee waiverLearn more about VanEck's PFXF here The Best Index Funds to Buy: Direxion Daily S&P Biotech Bull 3x Shares (LABU)Type: Leveraged Industry (Biotech) Expenses: 0.95%*But while I'm long both pharmaceuticals via the Health Care Select Sector SPDR Fund (NYSEARCA:XLV) and biotechs via the SPDR S&P Biotech ETF (NYSEARCA:XBI), I think the best healthcare opportunity will be found by traders who tango with the Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU).The LABU is a 3x leveraged index fund that aims to provide triple the daily returns of the S&P Biotechnology Select Industry Index -- the same index the XBI is based off. Note the term "daily returns" -- the longer you hold onto leveraged funds, the more your returns can skew from the movement of the index. But, if you're simply looking to make a trade over the course of a few days or even a couple of weeks, LABU can rip off insane returns, such as the 33% it returned in just the first day after Clinton was defeated.I think biotechs could still be in for a bumpy ride, as popular outcry over sky-high drug pricing isn't going away. Moreover, there's still the issue of pharmacy benefits managers (PBMs) increasingly siphoning pharmaceutical and biotechs' profits. But aggressive traders will get the most bang for their buck trying to play dips with tools like LABU, while fiscal hermit crabs like myself are content to sit in XBI and enjoy the uneven crawl higher.*Includes 12-basis-point fee waiver.Learn more about Direxion's LABU here Direxion Daily Gold Miners Index Bull and Bear 3x Shares (NUGT/DUST)Type: Leveraged Industry (Gold Mining) Expenses: 0.94%/0.95%*The last of the best index funds are actually a pair of funds that you can use to trade gold. (Sort of.)Source: Shutterstock The Direxion Daily Gold Miners Index Bull 3x Shares (NYSEARCA:NUGT) and Direxion Daily Gold Miners Index Bear 3x Shares (NYSEARCA:DUST) are actually leveraged plays on the NYSE Arca Gold Miners Index -- an index of gold mining companies that powers the VanEck Vectors Gold Miners ETF (NYSEARCA:GDX).Why gold miners?Gold miners have certain all-in costs of mining gold, and so they move heavily based on the price of the commodity. In fact, they tend to be more volatile than gold itself. Just take the first half of 2016, in which the SPDR Gold Trust (ETF) (NYSEARCA:GLD) returned a robust 25%. GDX doubled in that same time frame. And NUGT? NUGT returned 420% -- so, more than quadruple the GDX. * 7 S&P 500 Dividend Stocks to Buy at Least Yielding 3% But if you timed the play wrong, you were sunk. If you bought NUGT in May and held through the end of the month, you were down 40% to GDX's 14%.I have no doubt that 2019 will [continue to] provide a number of big drivers (in either direction) for gold, from U.S. dollar movements to interest rate hikes to renewed Brexit fears. NUGT and DUST are two lucrative ways to profit off those trends.Just handle with care.*Includes a 9-basis-point fee waiver for NUGT and a 2-basis-point fee waiver for DUST.Learn more about NUGT & DUST hereAs of this writing, Kyle Woodley did not hold a position in any of the aforementioned securities. Follow him on Twitter at @KyleWoodley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post The 10 Best Index Funds to Buy and Hold appeared first on InvestorPlace.

  • Financial Times10 days ago

    BlackRock, Vanguard and SSGA tighten hold on US boards

    BlackRock, Vanguard and State Street Global Advisors are on course to control four votes out of every 10 cast at large US companies, as regulators and policymakers probe the wider consequences of their increasing dominance of the investment market. The influence of the Big Three, which have mopped up trillions of dollars of index investments in recent years, is being viewed by politicians as a possible antitrust issue. BlackRock, Vanguard and SSGA, which collectively manage more than $14tn, account for a quarter of votes cast at S&P 500 companies.

  • Benzinga11 days ago

    Consider These New ETFs In A Megatrend Search

    BlackRock Inc. (NYSE: BLK )'s iShares brand, the world's largest issuer of exchange traded funds, is looking to flex its muscles in the thematic ETF arena — the group of funds emphasizing narrow, but often ...

  • The Zacks Analyst Blog Highlights: Visa, Netflix, Accenture, ConocoPhillips and BlackRock
    Zacks11 days ago

    The Zacks Analyst Blog Highlights: Visa, Netflix, Accenture, ConocoPhillips and BlackRock

    The Zacks Analyst Blog Highlights: Visa, Netflix, Accenture, ConocoPhillips and BlackRock

  • All You Need to Know About BlackRock (BLK) Rating Upgrade to Buy
    Zacks11 days ago

    All You Need to Know About BlackRock (BLK) Rating Upgrade to Buy

    BlackRock (BLK) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

  • Top Analyst Reports for Visa, Netflix & Accenture
    Zacks12 days ago

    Top Analyst Reports for Visa, Netflix & Accenture

    Top Analyst Reports for Visa, Netflix & Accenture

  • Barrons.com12 days ago

    BlackRock Splits Leadership Roles at European Stock-Picking Unit

    Change comes as stock pickers across the industry aim to stem the tide of money flowing into cheaper index funds

  • BlackRock Looks to Five ‘Megatrends’ to Expand Its ETF Business
    Bloomberg12 days ago

    BlackRock Looks to Five ‘Megatrends’ to Expand Its ETF Business

    The world’s largest asset manager, which runs some of the cheapest investment products available, plans to place a greater focus on the quality of the engineering, construction and management of its funds going forward, according to Armando Senra, who recently took over as head of the firm’s exchange-traded fund business for the U.S., Canada and Latin America. “There’s too much emphasis purely on cost,” said Senra, speaking at a press event on the “megatrends” that BlackRock sees driving global growth. BlackRock has already lowered the cost of its broad indexed products to as little as 30 cents for every $1,000 invested, but it’s now developing more sophisticated funds that can also justify higher fees.

  • Barrons.com12 days ago

    How to Boost Returns on Idle Cash

    The put trade can meaningfully boost returns on idle cash. Think of this approach as a way to create your own supersize dividend stream.

  • Barrons.com14 days ago

    Inside BlackRock’s ‘Once in a Lifetime’ Deal With Barclays, 10 Years Later

    The U.S. asset manager’s landmark acquisition of Barclays Global Investors looks like a masterstroke by CEO Larry Fink.

  • The Case for Combining Passive and Active Investing
    Bloomberg14 days ago

    The Case for Combining Passive and Active Investing

    (Bloomberg Opinion) -- Don’t let the rise of passive investing obscure the fundamental advantages of diversification. In our Masters in Business interview, Sharon French explains why active and passive approaches can complement each other in a portfolio.French will soon take the reins at American International Group Inc.’s life and retirement funds business, which manages more than $85 billion in assets. In her last job, she was director of beta solutions at Invesco Advisers Inc.'s Oppenheimer Funds, and ran the environmental, social and government effort there as well. Her approach is to use exchange-traded funds to create a portfolio that is anchored in low-cost, passive indexes. But at the same time, it employs other approaches ranging from fundamental weighted to quantitative analytics. This style diversification should lead to more balanced volatility and better risk-adjusted returns.French has spent the better part of her career on the ETF side, focusing primarily on enhanced indexes, which cover a full spectrum of noncapitalization-weighted indexes. She also worked at BlackRock Inc. as the head of private client and institutional sales.She is president of the Global Governance Committee for Women in ETFs and a member of the Investment Company Institute’s ETF governance committee.Her favorite books are here; a transcript of our conversation is here.You can stream/download the full conversation, including the podcast extras on Apple iTunes, Bloomberg, Overcast and Stitcher. All of our earlier podcasts on your favorite host sites can be found here.Next week we speak with Jonathan Stein, co-founder and chief executive officer of robo-adviser Betterment LLC,To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.netTo contact the editor responsible for this story: James Greiff at jgreiff@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Barry Ritholtz is a Bloomberg Opinion columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He is the author of “Bailout Nation.”For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.