Hot Reads: BlackRock AUM Could Pass $15T By 2028
Plus, actively managed funds in Europe saw their worst returns in 20 years in 2022.
BlackRock Assets Might Top $15T in 5 Years, Analyst Says (Bloomberg)
Fixed income and cash management are expected to be key drivers of the firm’s growth.
Active European Funds Deliver Worst Returns in More Than 20 Years (Financial Times)
Active equity funds domiciled in Europe generated -4.1% of alpha after fees last year.
China’s Abandoned Illusion of High Growth (Jackson Hole Economics)
The country is now focusing more on job creation and macroeconomic stability.
Developed Ex-US Stocks Rally for 4th Straight Week (The Capital Spectator)
The long-running drought in relative returns for foreign stocks versus American shares may be fading.
Merger Arb as a Diversification Strategy (Alpha Architect)
A study found that merger arbitrage returns are negatively correlated with high-yield spreads.
Leading Oil ETFs Post Longest Run of Weekly Outflows Since July (Bloomberg)
The four largest oil ETFs saw four weeks of net outflows, likely on concerns around recession risks.
Why You Should Be Wary of Using TLT as a Hedge (SeekingAlpha)
Given the long-term nature of its holdings, buyers should expect a similarly high duration.
