Latest news with #equitymarkets
Yahoo
3 hours ago
- Business
- Yahoo
Invesco Q2 ETF Assets Leap 32% on Strong QQQM Inflows
Invesco Ltd. (IVZ), the fourth-largest ETF issuer, reported that assets in its business unit that includes exchange-traded funds leapt 32% during the second quarter, compared with the same quarter last year, as equity markets jumped. The unit's assets rose to $546.9 billion from $415.1 billion in last year's second quarter, the company said in a statement. Compared with this year's first quarter, assets swelled 11% from $491 billion. That business doesn't include results from Invesco's biggest fund, the $358.1 billion Invesco QQQ Trust (QQQ), which doesn't produce management fees due to its unit investment trust structure. As the S&P 500 gained 11% during the quarter, Invesco's ETF and index business generated $40.6 billion in market gains, nearly 12 times the $3.8 billion the business created during last year's second quarter. In this year's first quarter, the business suffered a loss of $10.9 billion as markets tumbled amid President Donald Trump ramping up a series of tariff battles with trading partners around the globe. The Atlanta-based company produces income from fees on the 242 ETFs it manages. QQQM Pulls in Big Money While QQQ doesn't generate fees, a copycat that does, the $55.1 billion Invesco NASDAQ 100 ETF (QQQM), pulled in a net $5.6 billion in flows during the quarter. The company said last week it aims to restructure QQQ as an open-ended fund and generate fees. The company highlighted 'Another strong quarter with annualized organic growth of +10% and continued market share gains with strength across geographies,' in a slide presentation. Overall, the ETF and index business's net inflows fell 23% to $12.6 billion from the first quarter and were little changed year over year. This was partially due to net outflows of $2.9 billion from the company's second-largest fund, the $73.9 billion Invesco S&P 500 Equal Weight ETF (RSP). That fund, which tracks an equal-weighted index of S&P 500 companies, charges a 0.2% management fee, compared with the passive, market-cap weighted, $701.8 billion Vanguard S&P 500 ETF (VOO), the world's largest ETF, which charges 0.03%. QQQM Second-Quarter Flows Source: and FactSet Data ETF Issuers Boosted by Market Gains Other publicly traded ETF issuers reported that second-quarter market gains boosted their businesses. The largest, Blackrock Inc. (BLK), last week said its iShares ETF franchise attracted $85 billion in net flows during the second quarter and ETF assets under management reached $4.7 trillion. Charles Schwab Corp. (SCHW), the fifth-largest U.S. ETF issuer, said assets in its exchange-traded funds rose 26% during the second quarter. WisdomTree Inc. (WT) is the final large ETF issuer set to report second-quarter earnings, which it will do Friday, July | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
14 hours ago
- Business
- Bloomberg
Starting to See Signs of Life in IPOs: Ford
Jill Ford, Wells Fargo Co-Head of Equity Markets, expects IPO activity to pick up in the second half of the year. She speaks to Bloomberg's Jonathan Ferro and Lisa Abramowicz on 'Surveillance.' (Source: Bloomberg)
Reuters
18 hours ago
- Business
- Reuters
Dealmaking in US upstream oil and gas tumbles as volatility rattles investors
HOUSTON, July 23 (Reuters) - Volatility across energy and equity markets spooked investors in the second quarter, slowing the pace of mergers and acquisitions in the U.S. upstream oil and gas sector, analytics firm Enverus said on Wednesday. The slump in dealmaking follows a series of blockbuster takeovers by oil and gas majors in recent years, which culminated in a record $192 billion worth of deals done in 2023. There were $13.5 billion worth of deals disclosed in the quarter ended June 30, marking a 21% drop quarter-over-quarter, Enverus said. The first half of 2025 saw a total of $30.5 billion change hands, which is a 60% decline compared with the same period of 2024. 'Volatility in commodity and equity markets raised a major yellow flag for M&A, slowing the pace of dealmaking,' said Andrew Dittmar, principal analyst at Enverus Intelligence Research. Oil prices fell to multi-year lows last quarter after U.S. President Donald Trump unveiled an extensive list of trade tariffs in April, stoking concerns of a recession and a drop in fuel demand, and the Organization of the Petroleum Exporting Countries announced plans to unwind deep output cuts. Prices also jumped as conflict in the Middle East inflated traders' risk premium. During the second quarter, U.S. crude futures hit a low of $57.13 a barrel on May 5, before swinging to a high of $75.14 on June 18, according to data from LSEG. Houston-based exploration and production company EOG Resources (EOG.N), opens new tab bought Encino Acquisition Partners for $5.6 billion in May, taking the lion's share of deals done in the second quarter, according to Enverus. Viper Energy (VNOM.O), opens new tab followed with its purchase of Sitio Royalties (STR.N), opens new tab for $4.1 billion in June. Those two transactions accounted for over 75% of second-quarter deal value, Enverus said. "The engine of M&A over the last few years has sputtered and stalled, given there are just a few remaining targets," Dittmar said. Companies will eventually need to explore opportunities to buy assets abroad, in Canada or further afield in areas like Argentina's Vaca Muerta, he added.
Khaleej Times
20 hours ago
- Business
- Khaleej Times
Shariah-compliant stocks turn UAE markets into year's hottest trade
The UAE's local equity markets have delivered standout returns over the past year, cementing the country's position as one of the world's best-performing investment destinations. Dubai's equity benchmark, the DFM General Index, surged more than 27 per cent in 2024 and is up a further 18 per cent year-to-date in 2025. This broad-based rally spans financials, real estate, and newly listed infrastructure companies, with Shariah-compliant stocks featuring prominently among the top performers. According to Josh Gilbert, market analyst at eToro, this momentum reflects growing investor demand for high-growth opportunities in ethically screened assets. 'Shariah-compliant stocks in the UAE have become a strong draw for both regional and international investors looking to combine financial returns with responsible investing principles,' he said. Standout names include Salik, Dubai's exclusive toll-gate operator, whose shares have soared approximately 80 per cent, including dividends, over the last 12 months. Parkin, the city's public parking operator, has seen its stock price surge over 200 per cent including dividends since its IPO last year, as investors respond positively to its stable, defensive revenue model. The financial services sector has also played a key role in driving market performance. Abu Dhabi Islamic Bank (ADIB), the UAE's second-largest Islamic bank, has posted gains of over 98 per cent including dividends in the last 12 months. Strong digital transformation, rising profit margins, and growing demand for Shariah-compliant financial services have underpinned this growth. Similarly, Amlak Finance, a key Islamic home financing provider, has seen its stock more than double in value over the past year, boosted by Dubai's thriving property market. In the real estate sector, Union Properties has emerged as one of the top performers of 2025, with shares rising over 100 per cent year-to-date. Its successful restructuring and the broader real estate upcycle have positioned it just behind Amlak Finance as one of the best-performing stocks on the DFM Index this year. These exceptional performances reflect renewed investor confidence in UAE equities. Strong macroeconomic fundamentals — including a projected real GDP growth of 4.4 per cent in 2025 and 5.4 per cent in 2026 — are helping to sustain momentum. High-profile IPOs like Parkin have further energized market participation, creating fresh investment opportunities and affirming global interest in the UAE's capital markets. Today, both the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) host a robust lineup of Shariah-screened stocks, with a large portion of all listed companies adhering to Islamic investment principles. The UAE's status as a global Islamic finance hub continues to attract capital from both Shariah-compliant and conventional investors looking to tap into the region's dynamic growth story. A compelling combination of market-beating returns, solid fundamentals, and ethical investment appeal is making UAE equities — particularly Shariah-compliant stocks — an increasingly attractive destination for regional and international capital. As the country continues to diversify its economy and bring more companies to market, investor interest in these instruments is likely to deepen further, analysts say.
Al Bawaba
a day ago
- Business
- Al Bawaba
Shariah Stocks Turn UAE Markets into the Year's Hottest Trade
The UAE's local equity markets have delivered standout returns over the past year, cementing the country's position as one of the world's best-performing investment destinations. Dubai's equity benchmark, the DFM General Index, surged more than 27% in 2024 and is up a further 18% year-to-date in 2025. This broad-based rally spans financials, real estate, and newly listed infrastructure companies, with Shariah-compliant stocks featuring prominently among the top performers. According to Josh Gilbert, Market Analyst at eToro, this momentum reflects growing investor demand for high-growth opportunities in ethically screened assets. "Shariah-compliant stocks in the UAE have become a strong draw for both regional and international investors looking to combine financial returns with responsible investing principles," he said. Standout names include Salik, Dubai's exclusive toll-gate operator, whose shares have soared approximately 80%, including dividends, over the last 12 months. Parkin, the city's public parking operator, has seen its stock price surge over 200% including dividends since its IPO last year, as investors respond positively to its stable, defensive revenue model. The financial services sector has also played a key role in driving market performance. Abu Dhabi Islamic Bank (ADIB), the UAE's second-largest Islamic bank, has posted gains of over 98% including dividends in the last 12 months. Strong digital transformation, rising profit margins, and growing demand for Shariah-compliant financial services have underpinned this growth. Similarly, Amlak Finance, a key Islamic home financing provider, has seen its stock more than double in value over the past year, boosted by Dubai's thriving property market. In the real estate sector, Union Properties has emerged as one of the top performers of 2025, with shares rising over 100% year-to-date. Its successful restructuring and the broader real estate upcycle have positioned it just behind Amlak Finance as one of the best-performing stocks on the DFM Index this year. These exceptional performances reflect renewed investor confidence in UAE equities. Strong macroeconomic fundamentals — including a projected real GDP growth of 4.4% in 2025 and 5.4% in 2026 — are helping to sustain momentum. High-profile IPOs like Parkin have further energized market participation, creating fresh investment opportunities and affirming global interest in the UAE's capital markets. Today, both the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) host a robust lineup of Shariah-screened stocks, with a large portion of all listed companies adhering to Islamic investment principles. The UAE's status as a global Islamic finance hub continues to attract capital from both Shariah-compliant and conventional investors looking to tap into the region's dynamic growth story. A compelling combination of market-beating returns, solid fundamentals, and ethical investment appeal is making UAE equities — particularly Shariah-compliant stocks — an increasingly attractive destination for regional and international capital. As the country continues to diversify its economy and bring more companies to market, investor interest in these instruments is likely to deepen further.
