Morningstar Financial News

10.08 / 19:13

Provident Extreme Career Morningstar performer star PAC PAC Capital ‘refused’ to give trading data to ratings firm

PAC Capital declined to provide a ratings agency with underlying data on the returns by one of its funds, a step that could damage investor confidence.

08.08 / 15:11

Morningstar jp morgan People moves M&G MPs Sarasin & Partners deputy head of MPS departs

Walker joined Sarasin in 2019 from M&G, where she was investment director for global equities for seven years and responsible for M&G’s Global Themes fund.

07.08 / 09:29

BLOCK Citigroup ANZ Morningstar NOT Suncorp investors want cash, not scrip, if Bendigo comes knocking

Suncorp shareholders and analysts are wary that Bendigo & Adelaide Bank could offer a compelling alternative for its banking arm compared to ANZ’s $4.9 billion all-cash takeover bid.

07.08 / 09:27

Citi Aware LSE Browser Morningstar Rheinmetall social Britain's investors shy away from UK defence companies

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07.08 / 08:49

Morningstar companies Bank of America Consumer Duty St. James's Place H1 2023 place Bank of America upgrades St James's Place to 'Buy' after share plunge

Andrew Croft (pictured) is the CEO of St James's Place.

06.08 / 06:21

FIVE Booking Strategy Fitch Morningstar show country week FPIs take a breather; withdraw Rs 2,000 cr in first week of Aug

Indian equities in the first week of August, mainly due to Fitch downgrading the credit rating for the US. In addition, the rich and stretched valuations and minor profit booking could be the reasons for this outflow, Yes Securities Chief Investment Advisor Nitasha Shankar said. «A sharp spike in the US 10-year bond yield above 4 per cent is a near-term negative for capital flows to emerging markets,» Geojit Financial Services Chief Investment Strategist VK Vijayakumar said.

05.08 / 14:19

UPS Fox Strategy Morningstar show cover advisers Financial America’s aging population shows importance of succession planning for financial advisers, clients

FOX Business host Charles Payne reacts to the disparity in what Americans save versus what they need on Making Money.

03.08 / 08:59

Citi Career LinkedIn Morningstar show PAC PAC Capital owner lasted three months at JP Morgan Manila

Sydney fund manager Clayton Larcombe worked for US investment bank JP Morgan for three months, in the Philippines, not the two years claimed on his now-defunct LinkedIn profile.

01.08 / 16:55

Morningstar bonds Catastrophe bond market doubles in size

'The challenge for this asset class is that, despite the years of data on such naturally occurring events, reinsurance companies try to assign reasonable probabilities to the occurrence of a specific event.'

31.07 / 13:59

Morningstar Redemptions Redemptions at Odey AM persist two months after Crispin Odey sexual assault allegations

Funds with ties to Crispin Odey have continued to be battered by redemptions nearly two months after the hedge fund titan was hit by a string of sexual misconduct allegations.

31.07 / 12:55

Morningstar ESG ESG Trends Article 9 funds receive lowest inflows on record as Article 8 products face outflows

Despite poor inflows, Article 9 funds saw the best performance of any classification, rising 1.2% organically throughout the quarter, compared to Article 8 and Article 6’s 0.3% shrinkage.

30.07 / 07:23

Strategy Morningstar show FPIs' buying spree continues; invest Rs 45,365 cr in equities in July

portfolio investors (FPIs) continue with their buying spree in July with a net infusion of Rs 45,365 crore in Indian equity markets on stable macroeconomic fundamentals and steady earnings growth. However, it appears that the momentum of buying has slowed down and FPIs have turned sellers during the two trading days ahead of the US Federal Reserve meeting on Wednesday. «The US Fed signaled the possibility of more hikes going ahead and ruled out the likelihood of rate cuts any time soon.

28.07 / 02:01

Art Fox CEO Morningstar Accelerated adoption of AI could automate 30% of Americans’ work hours: McKinsey

Zeta Global [NYSE: ZETA] CEO David Steinberg gives his take on AI taking human jobs on ‘Making Money.’

27.07 / 15:07

UPS Provident Booking Compilation Morningstar HomeEquity Bank eyes senior debt sale: CFO

HomeEquity Bank, Canada’s largest provider of reverse mortgages, is seeking to sell senior bonds denominated in local currency, according to chief financial officer Atul Chandra.

27.07 / 14:35

Morningstar funds ETFs Investors prefer active ETFs while fixed income flows dominate in H1 2023

Passive fixed income ETFs have grown to 29% of global fixed income assets — up from 8% since the end of 2008.

25.07 / 23:09

Morningstar Pimco, M&G pull in more than €12bn amid bond fund bonanza

Pimco and M&G have gathered €12bn across their largest European bond funds this year, as asset managers gear-up for a surge in fixed income appetite amid predictions interest rates could peak in the coming months.

21.07 / 18:45

UPS ETF Action Morningstar MSCI performer Sustainable fund outflows aren’t fazing advisors

Investors continued to pull money out of sustainability-themed funds during the second quarter amid a political backlash against ESG — but that trend is unlikely to sway advisors who are true believers in the cause.

21.07 / 17:39

UPS NASDAQ Morningstar track cover Sirius XM shares pull back after 'wild' gains with short squeeze in focus

By Sinéad Carew

20.07 / 14:15

Progressive Entertainment Morningstar Las Vegas Sands second-quarter revenue beats Wall Street estimates

By Doyinsola Oladipo

20.07 / 09:21

Digital Progressive Morningstar show Netflix shares tumbles as revenue hit overshadows subscriber jump

Netflix shares tumbled 7% in premarket trading on Thursday after its quarterly revenue and forecast fell short of estimates, with analysts saying it would take time for the company's new money-making ventures to bring in returns. The video-streaming pioneer, which has been looking for new revenue streams, launched its ad-supported tier last year and cracked down on password sharing globally as it copes with intensifying competition.

19.07 / 16:31

Provident Lowe's CEO Pool Morningstar financing Fintech lenders tighten lending standards, bolstering debt financing

During the Covid-19 pandemic, many fintechs began lending to borrowers with imperfect credit, but Wall Street investors were comfortable buying their asset-backed securities (ABS) as government stimulus ensured consumers had the money to meet repayments. ABS are a type of bond backed by a pool of assets, such as auto or credit card loans, which pay a fixed yield. They are a key source of financing for some fintech lenders, which have fewer funding options than banks.

Morningstar Financial News

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