Dubai Real Estate's 122% Rally Endures on Affordability, Haven Appeal
This week: Market-making giant Jane Street eyes Abu Dhabi, Dubai regulator searched hedge fund Magellan's office, and Saudi FDI inflows signal momentum. But first, let's dive into Dubai's property market boom.
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Yahoo
an hour ago
- Yahoo
VOO Adds $1.6B as S 500 Hits New Record on Trade Deal
The Vanguard S&P 500 ETF (VOO) pulled in $1.6 billion Wednesday, bringing its assets under management to $683.5 billion, according to data provided by FactSet. The inflows came as the S&P 500 gained 0.5% to a record close of 6,227.42 after President Donald Trump announced a U.S.-Vietnam trade deal with a 20% tariff on Vietnamese imports. The Vanguard Total Stock Market ETF (VTI) attracted $1.3 billion, while the YieldMax MSTR Option Income Strategy ETF (MSTY) collected $272.3 million. The Vanguard Total International Stock ETF (VXUS) pulled in $218.7 million, and the Vanguard Growth ETF (VUG) gained $206.1 million. The Vanguard Short-Term Bond ETF (BSV) saw outflows of just under $235 million, while the Fidelity Wise Origin Bitcoin Fund (FBTC) lost $172.7 million. The Vanguard Large-Cap ETF (VV) experienced outflows of $106.8 million. U.S. equity ETFs gained $4.3 billion on trade optimism, while U.S. fixed-income ETFs attracted $210.4 million. International equity ETFs pulled in $426.6 million, and currency ETFs lost $103.1 million. Overall, ETFs gained $4.7 billion for the day. Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change VOO Vanguard S&P 500 ETF 1,560.87 683,534.48 0.23% VTI Vanguard Total Stock Market ETF 1,337.12 499,475.85 0.27% MSTY YieldMax MSTR Option Income Strategy ETF 272.31 5,137.28 5.30% VXUS Vanguard Total International Stock ETF 218.67 96,166.16 0.23% VUG Vanguard Growth ETF 206.12 173,852.76 0.12% VTWO Vanguard Russell 2000 ETF 132.11 12,774.56 1.03% VCIT Vanguard Intermediate-Term Corporate Bond ETF 123.78 54,593.77 0.23% JPST JPMorgan Ultra-Short Income ETF 116.10 31,893.26 0.36% CGGR Capital Group Growth ETF 94.80 13,441.50 0.71% JEPI JPMorgan Equity Premium Income ETF 93.67 41,054.64 0.23% Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change BSV Vanguard Short-Term Bond ETF -234.99 37,988.41 -0.62% FBTC Fidelity Wise Origin Bitcoin Fund -172.73 21,083.12 -0.82% VV Vanguard Large-Cap ETF -106.82 42,235.57 -0.25% ARKK ARK Innovation ETF -106.79 6,603.87 -1.62% VTV Vanguard Value ETF -71.42 139,858.70 -0.05% VGSH Vanguard Short-Term Treasury ETF -57.05 22,639.09 -0.25% COWZ Pacer US Cash Cows 100 ETF -56.09 20,941.84 -0.27% BITX 2x Bitcoin Strategy ETF -53.14 2,592.57 -2.05% PULS PGIM Ultra Short Bond ETF -45.86 11,605.51 -0.40% FELC Fidelity Enhanced Large Cap Core ETF -41.32 4,636.32 -0.89% Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives -13.05 10,115.21 -0.13% Asset Allocation 1.08 25,043.00 0.00% Commodities ETFs 4.72 218,205.31 0.00% Currency -103.09 150,453.97 -0.07% International Equity 426.58 1,876,848.45 0.02% International Fixed Income 42.02 303,638.47 0.01% Inverse -11.40 14,160.65 -0.08% Leveraged -61.90 142,666.48 -0.04% US Equity 4,250.86 7,117,366.44 0.06% US Fixed Income 210.36 1,702,103.16 0.01% Total: 4,746.20 11,560,601.13 0.04% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © Copyright 2025 All rights reserved
Forbes
an hour ago
- Forbes
Shifting Sands: UAE's Business Evolution Amid US Uncertainty
Forced or organically, the world continues to evolve beyond the United States. It's not the United States is less important – it's just that our constant policy swings from Republican to Democrat Administration's and back have pushed the rest of the world to plan for a less US-centric world, to develop their own markets and trade partnerships, and invest in the industries of the future. At the recent Make it in the Emirates conference in Abu Dhabi, the ambivalence of the world towards the United States was on clear display. On the one hand, UAE officials – from government leaders to investment funds and corporate leaders, were bullish on the United States after the successful visit by President Trump's to the region a few weeks ago. The UAE announced a $10 billion collaboration on artificial intelligence with the United States - officially to build modern AI chips and create joint research facilities. In reality, the UAE will be building data centers for US companies, subsidizing the energy costs of AI, and will receive tech transfer in return. But both sides hope that it leads to greater research collaboration down the line. On the other hand, the 500 exhibitors at the event – manufacturers of everything from autos to food products, were not talking about US markets. They were talking about expansion towards Asia – (South Asia, East Asia and Australia), and towards Eastern Europe, Turkey and the Central Asian republics. The most common refrain was that the United States might changes the rules in the middle of the game – and that's if they even get visas to do business. Financiers line up to support UAE Manufacturing Alongside manufacturers, the banking and financial sectors had a strong presence, including home-grown fintech's providing a range of services to consumers and business. These were not just government-backed entities, but also consumer-facing fintechs, vendor financing arms and family offices. An interesting startup that has been rapidly growing in the UAE is amana, a fintech company with over 350,000 users and rapid recent growth. Founded in 2022 by Zaid Aboujeh and Karim Farra, a Wharton MBA and YPO member, amana is an online platform for trading stocks, crypto and other assets. When US tariffs were announced, traders flocked to its site to quickly adjust their portfolios; benefiting from the ability to balance their portfolios across multiple assets, including crypto, in one platform – an opportunity not available historically to many in the region. With uncertainty in the mainstream economy, it's not a surprise that crypto trading has been a key growth driver this year as well. amana has over 450 coins available for trading and investing - with 68% of amana's active traders engaging in crypto alongside other assets, while 20% trade only crypto. In a region that has long limited access to capital to the connected, elite and certain national groups– amana and others are democratizing market access and providing services for a rapidly growing financial ecosystem. The UAE, Saudi Arabia, Qatar and other countries in the region have two advantages that fintech's like amana can take advantage of – a strong digital public infrastructure where most residents are connected electronically, and a large population from South Asia that is very comfortable with online banking and fintech services. Beyond that, amana says that 20% of its usage last year came from Lebanon, and future growth will come from large, emerging markets in the region, including Egypt, Bahrain, Qatar and Jordan. The Founders of amana There are other signs that the UAE and other nations are clearly taking advantage of US policy fluctuations to build their own competitive advantages. Dubai and Abu Dhabi have both greatly expanded their free trade zones to attract businesses from other nations hit by the Trump tariffs. If a company can legitimately establish itself in the UAE, it can bypass harsh Trump tariffs and access UAE government-backed financing for business creation, expansion and manufacturing. For most businesses seeking access to global markets, this is really a win-win. As immigration policies tighten in the United States, many highly skilled professionals are exploring opportunities in the Gulf. Countries like the UAE are actively attracting global talent through strategic initiatives such as their AI partnership with the US – designed to support advanced research in state-of-the-art facilities. For many researchers, especially in nearby hubs like Bangalore, the Gulf offers both proximity and access to cutting-edge infrastructure without the barriers often faced when seeking entry into the US. The growth of startups like amana, the investments in the manufacturing and tech sectors, alongside free trade zones and an improved financial ecosystem suggest a country, and region, committed to growth. Similar growth is occurring across the GCC, including Saudi Arabia and Qatar. The implications for the United States may not be much at first glance. The Trump Administration has backed off on tariffs just as fast as its announced them in many cases. As a result, the UAE and other nations may not have time to launch all of these efforts to take advantage of US policy – there may be a completely different policy in place in 4 months and certainly again in 3 years. But that uncertainty makes the investment all the more critical for them and concerning to the United States.
Yahoo
2 hours ago
- Yahoo
Top US banks boost dividends
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. The biggest U.S. banks are increasing quarterly dividends following the Federal Reserve's Friday release of stress test results. Dividend increases come as the 22 stress-tested banks demonstrated they have sufficient capital to withstand a severe recession and continue lending while remaining above minimum capital requirements. This year's scenario wasn't as harsh as last year's, but given the results, large banks were expected to have room to hike dividends or share repurchases. Since large bank capital levels remain robust, 'investors should continue to expect that any excess capital that cannot be redeployed into growing the companies' core businesses either organically or through acquisition will eventually be returned to shareholders,' RBC Capital Markets analyst Gerard Cassidy wrote Tuesday. More 'aggressive' use of buyback plans should follow once a Basel III capital requirements proposal is finalized, he added. Dividend increases came out to a median of 7.1%, analysts noted. Among the top five biggest U.S. banks, JPMorgan Chase is boosting its dividend to $1.50 per share, from $1.40, for the third quarter. Bank of America said its dividend is increasing by 8%, to $0.28 per share. Citi is hiking its dividend to $0.60 per share, from $0.56. Wells Fargo is boosting its dividend to $0.45, from $0.40. U.S. Bank's dividend will tick up to $0.52 per share, from $0.50. Goldman Sachs logged a 33% increase, with its dividend jumping to $4 per share. PNC is hiking its dividend 6%, to $1.70 per share. Truist said its current dividend of $0.52 per share will remain. Preliminary stress capital buffers telegraphed Tuesday 'confirmed broad improvement in capital requirements, clearing the way for large banks to lower CET-1 targets,' Truist Securities analyst John McDonald wrote. JPMorgan, for example, said its required common equity tier 1 capital ratio dropped to 11.5%, from 12.3%. Most of the banks' stress capital buffers will be at the 2.5% regulatory minimum based on test results; Citi's is highest, at 3.6%. However, most were based on current methodology. 'The big question is whether the Fed proceeds with its proposal to average stress test results over two years, which would reduce the magnitude of improvement in capital requirements by ~half for the group,' McDonald wrote. The Fed will inform banks of their final 2025 stress capital buffer requirements by Aug. 31. The Fed also trimmed Wells Fargo's 2024 stress capital buffer, from 3.8% to 3.7%, and cut Goldman Sachs' 2024 stress capital buffer from 6.2% to 6.1%. Goldman's was reduced last year from 6.4%, after the bank contested the Fed's stress capital buffer requirement. On Tuesday, CEO David Solomon reiterated the desire for stress test changes. 'The Federal Reserve has expressed its intention to institute a more transparent and fair approach to these tests, as it looks to uphold the safety and soundness of our financial system,' Goldman CEO David Solomon said in a news release. 'A more balanced approach to the tests would allow Goldman Sachs to continue to serve our clients' needs, invest in our world-class businesses, and support economic growth. We look forward to continued progress.' At JPMorgan – where the board of directors also approved a new $50 billion share repurchase program – CEO Jamie Dimon expressed similar sentiments. 'We look forward to future proposals from the Federal Reserve on stress test models and scenarios that will increase transparency and address longstanding issues with the current SCB framework,' Dimon said in a news release. The amount and timing of JPMorgan's common share repurchases under the new authorization 'will be subject to various factors,' the bank said. Morgan Stanley, which said it was increasing its dividend to $1 per share, from $0.925, also announced its board re-authorized a $20 billion share repurchase program. 'Given how much de-regulation has picked up steam as a topic between reporting seasons, we expect management teams to field questions on buyback cadence specifically and plans for excess capital deployment generally,' UBS analyst Erika Najarian wrote Tuesday. Recommended Reading Largest banks sail through Fed's stress test Sign in to access your portfolio
