Latest news with #Hallam
CNBC
2 days ago
- Business
- CNBC
Index fund giant Vanguard is getting more active in its approach to market
Actively managed exchange-traded funds are having a moment, but it's not going to be a passing fad. This year alone, a record number of ETFs have been introduced, with 288 new funds and the potential for over 1,000 new ETFs by this year's end, many bringing actively managed strategies from the traditional mutual fund world to ETFs. There are currently more than 2,000 active ETFs, and while they only make up about 10% of total ETF market assets, they have taken in over one-third of the flows this year from investors and reached the $1 trillion mark in total assets this year. ETF experts say as more major fund companies add actively managed portfolios, it will help to shape the ETF industry's long-term future. Case in point is the biggest index fund company of all, Vanguard. Vanguard has launched eight active fixed-income ETFs. Roger Hallam, Vanguard global head of rates, cites these strategies in being integral for generating repeatable returns for clients. "We're very focused on delivering bottom-up security selection to ensure that our alpha generation is as high information as it can be, so that we deliver repeatable returns for our investors over the investment cycle" Hallam said on a recent CNBC "ETF Edge" segment. The Vanguard ETFs include an ultra-short treasury ETF (VGUS), a 0-3 month T-Bill ETF (VBIL), a short duration bond ETF (VSDB), and a long-term tax exempt bond ETF (VTEL) amongst others. ETF experts caution that there is a big difference between adding active strategies to add return potential around a portfolio core of index holdings and becoming market timer, with the latter still a mistake too many investors make when markets are volatile. Active fixed income strategies have allowed managers to be more surgical in approach to a bond market which has faced high and atypical levels of volatility, and in light of the fact that the big traditional index from the bond market, the AGG, is considered by many bond experts to be out of date in its composition (the same would not be said of the S&P 500 for stocks). In the equities space, some of the newest active approaches are designed to limit risk in the stock market rather than ratchet risk up. Amid a year which already experienced one huge market drop, it's important for investors to not over-correct based on short-term swings in performance. But active strategies make sense in ETFs, according to BlackRock's U.S. Head of Equity ETFs Jay Jacobs, for reasons that go beyond the recent bond and stock market volatility. "You've seen hundreds of billions of dollars pouring into ETF models that are scalable, repeatable, and cost efficient. And increasingly those models are adding active strategies to introduce new sources of alpha for their clients. So, there's a lot of tailwinds," he said, adding that the tax-efficient nature of buying and selling within ETFs is another benefit contributing to the adoption of active ETFs. "Previously, strategies that maybe were harder to access, or there was investment minimums, or the tax efficiency meant they could only be used by institutions that were tax advantaged, that has largely gone away with active ETFs" Jacobs said. "The world has shifted a lot in the last few years," he added. The ETF experts also say that investors may seek more return generation from active approaches if the last decade of market returns proves to be unrepeatable. The ultra-low interest rate policies from the Federal Reserve which boosted the performance of the stock market in particular are not expected to return, and that has implications for what investor can expect from their core holdings. The shift to more of these active strategies marks not only a significant change in how asset managers are tweaking their ETF portfolio lineups, but in how investors are approaching the market. Disclaimer
Business Insider
4 days ago
- Business
- Business Insider
CAIXABANK (0ILK) Receives a Rating Update from a Top Analyst
Goldman Sachs analyst Chris Hallam maintained a Sell rating on CAIXABANK on July 9 and set a price target of €7.30. The company's shares closed yesterday at €7.55. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Hallam covers the Financial sector, focusing on stocks such as HSBC Holdings, BNP Paribas, and UBS Group AG. According to TipRanks, Hallam has an average return of 25.0% and a 77.64% success rate on recommended stocks. CAIXABANK has an analyst consensus of Moderate Buy, with a price target consensus of €7.68. Based on CAIXABANK's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €4.12 billion and a net profit of €1.54 billion. In comparison, last year the company earned a revenue of €4.03 billion and had a net profit of €1.16 billion Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0ILK in relation to earlier this year.
Business Insider
4 days ago
- Business
- Business Insider
Serica Energy (SQZ) Receives a Buy from Canaccord Genuity
Canaccord Genuity analyst Phil Hallam maintained a Buy rating on Serica Energy today and set a price target of £1.90. The company's shares closed today at p170.80. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Hallam is an analyst with an average return of -0.6% and a 44.44% success rate. Hallam covers the Energy sector, focusing on stocks such as SEPLAT Petroleum Development, Zephyr Energy, and Serica Energy. Serica Energy has an analyst consensus of Moderate Buy, with a price target consensus of p188.50.
CNBC
7 days ago
- Business
- CNBC
Vanguard, BlackRock deliver second-half market plays that could cushion a potential growth slowdown
Investors may want to consider bracing for a weaker stock market performance over the next six months. According to Vanguard's Roger Hallam, it's prudent for long-term investors to have sufficient exposure to fixed income in this environment. "Our outlook for the second half of this year is that growth will slow," the firm's global head of rates told CNBC's "ETF Edge" on Monday. Hallam predicts the labor market will continue to gradually cool while inflation rises. Hallam expects the Federal Reserve will ultimately prioritize jobs and cut interest rates toward the end of this year to provide insurance. "We think that will provide a tailwind for bonds," he said. "So, we're confident in the outlook for fixed income, and we think... clients should be allocating to fixed income." Vanguard is behind three U.S. government bond exchange-traded funds debuting this week. The launch includes the Vanguard Government Securities Active ETF (VGVT). The firm's prospectus shows U.S. Treasurys hold the largest exposure in the new ETF. The benchmark 10-year Treasury note yield started 2025 at about 4.57% and has since fallen to roughly 4.4% as of Tuesday. Meanwhile, BlackRock's Jay Jacobs sees a barbell approach as a valuable second-half strategy as a hedge against economic slowdown risks. "I think we're still going to see a lot of money that's been in cash for a long time … start to inch their way back into the equity markets," the firm's U.S. head of equity ETFs said in the same interview. He expects buffer ETFs, which are designed to protect against the downside and still give a measure of upside performance, to benefit from the risk backdrop. BlackRock offers six buffer ETFs, according to the firm's website, including iShares Large Cap Max Buffer Jun ETF (MAXJ). The fund is up 5% so far this year and tracks the share price return of the iShares Core S&P 500 ETF. "Our fund MAXJ recently reset, giving a cap of up to 7% exposure to the S&P over the next year. A tool like that is going to be very much in vogue for investors looking to get back into the markets," Jacobs said, adding investors will likely play offense and will continue to migrate toward strong macro themes such as artificial intelligence. Jacobs also lists infrastructure as a key group. "As we continue to see geopolitics and fragmentation around the world impact markets, I think people are going to be looking at really powerful macro trends like the growth of infrastructure in the United States as a way to place their bets in the equity markets," Jacobs said.
Yahoo
22-05-2025
- Sport
- Yahoo
Will Leafs' William Nylander Rise To The Occasion At The World Championship In Sweden?
STOCKHOLM, SWEDEN - With the 2025 IIHF men's World Championship elimination rounds set to begin on Thursday, Team Sweden received a grand surprise: the presence of William Nylander. Nylander arrived in Stockholm, Sweden, just a few days after the Toronto Maple Leafs' crushing playoff defeat to the Florida Panthers. While Nylander's arrival surprised many in the media, given his pride in his country, it was no surprise to members of Team Sweden. "No, not really," Rasmus Andersson said. "He's from Stockholm, he's a local kid… He seems like he's in good spirits, and he's excited to be here." This will mark Nylander's fourth appearance at the World Championship, and it will be extra special this year as he gets to play in front of the hometown fans. Sweden will face off against Team Czechia in the quarterfinals, and Nylander adds a totally new element to this matchup. Maybe the Maple Leafs are known for their post-season failures and shrinking during the most important moments, but Nylander's reputation is the opposite. The 29-year-old right winger elevates his game when the lights are brighter and the stage is bigger. "He has that swagger, and he's a hell of a hockey player," Andersson said. "You always see quotes from him that the stage is never too big. It feels like he's been a really good player for a long time, and he's dealt with the pressure really well." World Championship Quarterfinals Are Set, With Key NHL Players Leading The Way The preliminary round is over at the 2025 IIHF men's World Championship, and the quarterfinals of the tournament are set for Thursday, May 22. After practice on Thursday, where Nylander was present, Sweden coach Sam Hallam did not confirm if he would play in the quarterfinal. "I mean, there are no guarantees, but we know he loves to play hockey, and the opportunity to play in Stockholm for a national team doesn't occur that often," Hallam said of Nylander. "You never know the player's status physically after a tough series like that, but he felt fresh and ready to go." They call him 'Willy Styles' for a reason. He's cool, calm, and collected at all times while he plays the game in such a flashy manner that has fans on the edge of their seat. Just Nylander's presence alone will boost Sweden on the ice and from a mental standpoint. "He has a swagger on the ice, he has a calmness, and kindness in the group," Hallam said. "He affects both the locker room and the game on the ice in a good way." Get the latest news and trending stories by following The Hockey News on Google News and by subscribing to The Hockey News newsletter here. And share your thoughts by commenting below the article on
