Latest news with #MSCIWorldIndex
Economic Times
3 days ago
- Business
- Economic Times
ET Market Watch: Sensex Falls 182 pts, Nifty Below 24,800
Indian benchmark indices closed in the red on Friday, dragged down by renewed concerns over U.S. tariffs that pressured IT and auto stocks, overshadowing the broader market optimism ahead of the release of domestic GDP data later in the day. Transcript Indian benchmark indices closed in the red on Friday, dragged down by renewed concerns over U.S. tariffs that pressured IT and auto stocks, overshadowing the broader market optimism ahead of the release of domestic GDP data later in the BSE Sensex declined 182 points to close at 81,451, while the NSE Nifty slipped 82.90 points to settle at 24, dragsTech Mahindra, HCL Tech, Infosys, Bajaj AutoTop gainersReliance Power, Suzlon & BSEExpert View:Market remained in consolidation modeRSI showed bearish signalsNifty faced resistance at 24,800, support at 24,700Global cues:MSCI World Index posted a 5% monthly gainDollar strengthened with rising U.S. yieldsNikkei and Hang Seng slipped on profit bookingCrude Update:Brent held at $64.38 but logged second weekly lossRupee Movement:Ended at 85.57/$ — lost nearly 1% in May, ending a 2-month rallyDespite Friday's dip, Nifty gained 1.7% in May | Sensex rose 1.5%Both up ~12% since March!
Time of India
3 days ago
- Business
- Time of India
ET Market Watch: Sensex Falls 182 pts, Nifty Below 24,800
Indian benchmark indices closed in the red on Friday, dragged down by renewed concerns over U.S. tariffs that pressured IT and auto stocks, overshadowing the broader market optimism ahead of the release of domestic GDP data later in the day. Transcript Indian benchmark indices closed in the red on Friday, dragged down by renewed concerns over U.S. tariffs that pressured IT and auto stocks, overshadowing the broader market optimism ahead of the release of domestic GDP data later in the BSE Sensex declined 182 points to close at 81,451, while the NSE Nifty slipped 82.90 points to settle at 24, dragsTech Mahindra, HCL Tech, Infosys, Bajaj AutoTop gainersReliance Power, Suzlon & BSEExpert View:Market remained in consolidation modeRSI showed bearish signalsNifty faced resistance at 24,800, support at 24,700Global cues:MSCI World Index posted a 5% monthly gainDollar strengthened with rising U.S. yieldsNikkei and Hang Seng slipped on profit bookingCrude Update:Brent held at $64.38 but logged second weekly lossRupee Movement:Ended at 85.57/$ — lost nearly 1% in May, ending a 2-month rallyDespite Friday's dip, Nifty gained 1.7% in May | Sensex rose 1.5%Both up ~12% since March!
Yahoo
7 days ago
- Business
- Yahoo
Invesco Launches New Active Global Equity ETF in Europe
Invesco has launched a systematic active ETF aiming to outperform global equities but with similar risk-reward characteristics to the benchmark, according to sister publication ETF Stream. The Invesco Global Enhanced Equity UCITS ETF (IQGA) debuts with a total expense ratio of 0.24% and is listed on Deutsche Boerse, Euronext Milan and the London Stock Exchange. The strategy, run by the Invesco Quantitative Strategies (IQS) team, has been in existence since 2005 and targets 1% outperformance per year versus the MSCI World Index with a tracking error in the 1%-1.5% region. It uses a proprietary model to identify attractive investments within the global large- and mid-cap equity universe before an optimization process finds the optimal trade-off between risk considerations, transaction costs and the portfolio's exposure to value, quality and momentum factors. Erhard Radatz, global head of portfolio management at Invesco Solutions, said, 'Our philosophy is based on an expectation that cheap will outperform expensive, trends will persist for a while and high quality will beat low quality." 'Results since the launch of the strategy 20 years ago seem to support this,' he added. Meanwhile, Gary Buxton (pictured), head of EMEA and APAC ETFs at Invesco, said the new ETF is 'a great example of an active approach that fits seamlessly into our efficient ETF structure." 'An ETF following such a repeatable, systematic process is a natural extension to the rules-based, beta and smart beta ETFs currently available,' he noted. Invesco joins a host of other issuers including HSBC, Schroders, Goldman Sachs and BNP Paribas that have recently or are about to launch low-tracking-error active ETFs. This article was originally published at sister publication ETF | © 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
Business Times
26-05-2025
- Business
- Business Times
Asia's rich trim US exposure, head to Europe amid tariff turmoil
[SINGAPORE] Asian private banking clients sprung into action over the past month, refusing to sit idle despite the whiplash in global financial markets caused by the tariff turmoil. Individuals have been rebalancing their portfolios, according to some senior private bankers whose clients each have at least S$2 million in investible assets. Global financial markets have been see-sawing between gains and losses since 'Liberation Day', when US President Donald Trump slapped a broad range of tariffs on key trading partners on Apr 2, but have erased those losses following a truce between the US and China on May 12. Even with Moody's downgrade of the US credit rating a few days later, the MSCI World Index, which tracks 1,352 large and mid-cap stocks in 23 developed markets, has risen 3.8 per cent between Apr 2 and May 23. To shock-proof their portfolios, HSBC Global Private Banking said Asia's wealthiest are adopting a counter-cyclical, long-term approach. 'Compared to previous market downturns, clients' behaviour this time appears more measured,' Tommy Leung, HSBC's head of global private banking, South and South-east Asia, told The Business Times. 'Many investors have applied lessons from recent years, resulting in portfolios that are more diversified across markets and sectors, with lower leverage and higher cash balances... They've positioned for resilience.' UOB's rich clients are also taking the developments in their stride, relatively more calmly than compared with the shock that Covid-19 levelled at global markets in 2020. 'There is comparatively less panic this time round as investors recognise that the tariffs, unlike the pandemic, can be reversed. The recent announcement of a pause in the tariff war between the US and China, which came just over a month after 'Liberation Day' tariff hikes by the former, is early evidence of this,' Neo Teng Hwee, chief investment officer at UOB Private Bank, told BT. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Dialing back on US exposure One common thread the private banks noticed among their rich clients is the scaling back of their exposure to US equities and the greenback. LSEG Lipper data showed that American equity funds had net outflows for a fourth straight week through May 7. Concerned about the impact that tariffs would have on the US economy, investors withdrew a net US$16.2 billion from these funds during the week – the most since Mar 19. At the same time, worries that the tariff war will hurt the US economy dragged the greenback lower. Against the Singapore dollar, the US currency has depreciated about 5.7 per cent this year, as at Monday (May 26). HSBC's ultra-high-net-worth clients in particular are hedging against their foreign exchange exposures, while UOB's clients are conducting similar trades, amid concerns over a weaker greenback. UOB's Neo noted that the bank hasn't seen a large-scale exit of US dollar assets. For this year at least, corporate profit growth in the US will be stunted, said Pictet Wealth Management. With a sizeable amount of its assets under management under discretionary mandates, where the fund manager makes buy-and-sell decisions for clients, Pictet said this 'warrants caution with more risky assets, and US equities in particular'. 'Leading companies are laying off workers and grappling with supply chain issues, and many are unable to provide guidance as they simply don't know what to expect,' the Swiss private bank said in a May 12 report. To be sure, Asia's rich aren't throwing out the baby with the bathwater. While scaling back their exposure to US equities and currency, some private banking clients are taking the opportunity to pick up American companies on the cheap. UOB's private banking clients have been 'selectively buying' US large-cap quality stocks, 'given the likelihood of a negotiated settlement between the US and China in the ongoing tariff war', said Neo. Pictet Wealth Management favours American financial companies in the next three to six months, even though it's recommending an overall underweight position on US equities. Other assets Rich Asians are also increasingly interested in European markets, 'with a focus on German, Swiss and French equities', said Rishabh Saksena, co-head of product specialists at Julius Baer. Apart from quality large-cap US names and European stocks, the private bankers noted strong client demand for alternative investments, which are typically less volatile since they are private and not actively traded. 'Client demand for alternative investments remains strong, driven by an increased focus on diversification in times of higher market volatility. Within alternatives, strategies such as private infrastructure have gained traction on the back of an uncertain inflation environment,' said Saksena.
Yahoo
21-05-2025
- Business
- Yahoo
US stocks need earnings boost to regain edge over global peers
(Bloomberg) — Six weeks into a torrid rebound, US stocks are still laggards in global equity markets this year. For them to sustain the rally and reclaim their usual spot at the top of the pack, Corporate America's profit engine needs to rev back up, analysts at Bloomberg Intelligence say. Can Frank Gehry's 'Grand LA' Make Downtown Feel Like a Neighborhood? Chicago's O'Hare Airport Seeks Up to $4.3 Billion of Muni Debt NJ Transit Makes Deal With Engineers, Ending Three-Day Strike The S&P 500 Index (^SPX) has underperformed a gauge of 22 developed markets outside of the US since late last year as the pace of US earnings growth relative to the rest of the world narrowed, according to an analysis by BI's Nathaniel Welnhofer. The last time such a phenomenon occurred was in 2017 when the US stock benchmark's earnings growth trailed its overseas peers. 'US equity outperformance relative to international markets has historically hinged on the ability of US companies to deliver faster earnings growth, a dynamic that could challenge the American exceptionalism narrative,' Welnhofer said. US earnings growth eclipsed that of other developed markets by 13% for the 12-month period through December, but that edge has since narrowed to 9% and could decline further as companies struggle to navigate the toll of tariffs on their bottom lines, according to BI. So far this year, the S&P 500 has underperformed the MSCI World Index excluding the US by roughly 13 percentage points. While US stocks have benefited from softer rhetoric by the Trump administration around trade — particularly from the temporary truce with China – their recovery back to pre-tariff highs trails other major global markets. The S&P 500 is still roughly 3% below its Feb. 19 record, while the MSCI ex-US hit a new high Tuesday. Even though the S&P 500 has climbed roughly 19% from its April 8 low, some Wall Street pros have questioned the durability of the advance. At Morgan Stanley's wealth management division, Chief Investment Officer Lisa Shalett said US stocks' round-trip seemed unreasonable against a backdrop of slowing earnings growth. 'The earnings environment is critical to the sustainability of the recent move,' said Keith Buchanan, senior portfolio manager at GLOBALT Investments. With trade policy still in flux, companies are forced to fly blind through an ever-changing operating environment that leaves little confidence in making business decisions or providing guidance, he said. Earnings outlooks this reporting cycle from corporations across the US have foreshadowed a dire picture about what's ahead, with executives citing rising costs, weak consumer sentiment and low business confidence due to President Donald Trump's levies on global trading partners. So-called profit guidance momentum, a measure of the share of S&P 500 members that lifted their earnings outlooks compared to those that maintained or lowered views, fell to the lowest level since at least 2010, according to an analysis from BI equity strategists Gina Martin Adams and Wendy Soong. Meanwhile, investors appear to be less skeptical about corporate profits, if valuations are any guide. The S&P 500 is trading at 22 times projected earnings in the next 12 months, a multiple that's 19% above its long-term average. 'We feel that the market valuations seem more confident than the rhetoric we're seeing from corporations and something has to give,' Buchanan said. Why Apple Still Hasn't Cracked AI Anthropic Is Trying to Win the AI Race Without Losing Its Soul Inside the First Stargate AI Data Center Microsoft's CEO on How AI Will Remake Every Company, Including His Cartoon Network's Last Gasp ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy 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
