Latest news with #Paglia
Herald Malaysia
27-05-2025
- Politics
- Herald Malaysia
Archbishop Paglia concludes mandate as President of Pontifical Academy for Life
In an interview with the Italian newspaper La Stampa, Archbishop Vincenzo Paglia discusses the conclusion of his service as President of the Pontifical Academy for Life, explaining that it is ordinary practice in the Roman Curia that, upon turning 80, all appointments expire. May 27, 2025 Archbishop Paglia speaks at a previous conference in Chile ((Conferencia Episcopal Chilena)) Archbishop Vincenzo Paglia recently returned from an international conference in Argentina, where he reiterated that life must always be protected, at every stage. Now, he has concluded a decade of work as the President of the Pontifical Academy for Life, a post the late Pope Francis entrusted to him in August 2016. Speaking to the Italian newspaper La Stampa , Archbishop Paglia noted that his 80th birthday was on April 20, 2025. 'Pope Francis asked me to continue' A few days ago, Pope Leo XIV appointed Cardinal Baldassare Reina to succeed Archbishop Paglia as Grand Chancellor for the Pontifical 'John Paul II' Theological Institute for Marriage and Family Sciences. 'It's ordinary practice in the Roman Curia,' the Archbishop explained to La Stampa . 'Once you reach 80, all assignments expire. I turned 80 on the very day Pope Francis died, which delayed the notification.' 'Obviously,' he stressed, 'this also ends my mandate as President of the Pontifical Academy for Life.' Archbishop Paglia added that he had already submitted his resignation to the late Pope Francis upon turning 75, 'as everyone does,' adding that 'the Pope told me to continue until I was 80.' 'World is collapsing; fraternity is urgent' Archbishop Paglia spoke on bioethics at the international conference organized by the Catholic University of Buenos Aires to mark the 10th anniversary of the encyclical Laudato si' . He reaffirmed the Church's desire to defend life 'in every context, at every stage, and at every age.' In a world 'falling to pieces,' he said, we urgently need to 'set out to achieve genuine fraternity both among peoples and with creation.' He said we need 'a vision of a pacified humanity—a new humanism. The path exists: a disarmed, disarming, humble, and persevering peace. These are words spoken on May 8 by Pope Leo XIV. May they guide and inspire us.'--Vatican News
Yahoo
20-02-2025
- Business
- Yahoo
Vanguard ETF poised to overtake State Street's fund as world's biggest
By Suzanne McGee (Reuters) - Vanguard Group's Standard & Poor's 500 ETF is on the edge of finally seizing the title of the world's largest exchange-traded fund from rival State Street Global Advisors' product, the SPDR S&P 500 Trust, according to data from FactSet, LSEG and other sources. As of late Friday, the State Street fund was still clinging to the lead, with $633.1 billion in assets compared with $631.8 billion for the Vanguard ETF. That gap, however, has been narrowing consistently in recent months. Final data for inflows into both ETFs will not be available until later on Tuesday or Wednesday morning, FactSet and others said. Analysts at Citi Research tracking monthly flows into and out of exchange-traded funds reported earlier this month that SPY had $19.4 billion in outflows, accounting for 25.7% of all U.S. equity ETF outflows. Meanwhile, the Vanguard ETF raked in 12.9% of all inflows in January, for a total of $21.3 billion. The SPDR ETF, launched in 1993, was the first U.S. exchange-traded fund. It has reigned as the largest U.S. stock ETF ever since and remains the first choice of hedge funds and traders who prize its liquidity and tight trading spreads. But Vanguard's lower-fee challenger, launched in 2010, won admirers among financial advisors and retail investors interested in paring costs to the bone. "SPY's transition from being primarily an investment tool to more of a trading vehicle has made flows more volatile," said Ryan Jackson, senior analyst of passive strategies at Morningstar. The ETF industry has also undergone massive changes, with the three biggest firms in the U.S. industry - BlackRock, Vanguard and State Street - coming under siege from relative newcomers. "There is now more of a fight for market share," said Anna Paglia, who last year left her post as global head of ETFs at Invesco to join State Street as executive vice president and chief business officer. "SPY does keep growing in size because it's still the most traded ETF in the world," Paglia told Reuters. She added that flows into and out of SPY tend to be seasonal in nature and that outflows early in the year are "not unforeseen." Moreover, Paglia said flows into a retail-focused S&P 500, the SPDR Portfolio S&P 500 ETF remain robust. According to the recent Citi Research report, this ETF - a "mini" version of SPY launched in 2005 designed to appeal to retail investors and with fees of only 0.02% - was the fifth-largest ETF in terms of inflows for January, attracting $3.2 billion. "We don't look at SPY in isolation," Paglia told Reuters. "We look at the ecosystem." That does not alter the reality that Vanguard's ETF may have finally toppled its State Street rival, said Todd Rosenbluth, head of research at VettaFi. "State Street remains a dominant player in the ETF universe, but these are two different products."
Reuters
18-02-2025
- Business
- Reuters
Vanguard ETF poised to overtake State Street's fund as world's biggest
Feb 18 (Reuters) - Vanguard Group's Standard & Poor's 500 ETF (VOO.P), opens new tab is on the edge of finally seizing the title of the world's largest exchange-traded fund from rival State Street Global Advisors' product, the SPDR S&P 500 Trust (SPY.P), opens new tab, according to data from FactSet, LSEG and other sources. As of late Friday, the State Street fund was still clinging to the lead, with $633.1 billion in assets compared with $631.8 billion for the Vanguard ETF. That gap, however, has been narrowing consistently in recent months. Final data for inflows into both ETFs will not be available until later on Tuesday or Wednesday morning, FactSet and others said. Analysts at Citi Research tracking monthly flows into and out of exchange-traded funds reported earlier this month that SPY had $19.4 billion in outflows, accounting for 25.7% of all U.S. equity ETF outflows. Meanwhile, the Vanguard ETF raked in 12.9% of all inflows in January, for a total of $21.3 billion. The SPDR ETF, launched in 1993, was the first U.S. exchange-traded fund. It has reigned as the largest U.S. stock ETF ever since and remains the first choice of hedge funds and traders who prize its liquidity and tight trading spreads. But Vanguard's lower-fee challenger, launched in 2010, won admirers among financial advisors and retail investors interested in paring costs to the bone. "SPY's transition from being primarily an investment tool to more of a trading vehicle has made flows more volatile," said Ryan Jackson, senior analyst of passive strategies at Morningstar. The ETF industry has also undergone massive changes, with the three biggest firms in the U.S. industry - BlackRock (BLK.N), opens new tab, Vanguard and State Street - coming under siege from relative newcomers. "There is now more of a fight for market share," said Anna Paglia, who last year left her post as global head of ETFs at Invesco (IVZ.N), opens new tab to join State Street as executive vice president and chief business officer. "SPY does keep growing in size because it's still the most traded ETF in the world," Paglia told Reuters. She added that flows into and out of SPY tend to be seasonal in nature and that outflows early in the year are "not unforeseen." Moreover, Paglia said flows into a retail-focused S&P 500, the SPDR Portfolio S&P 500 ETF (SPLG.P), opens new tab remain robust. According to the recent Citi Research report, this ETF - a "mini" version of SPY launched in 2005 designed to appeal to retail investors and with fees of only 0.02% - was the fifth-largest ETF in terms of inflows for January, attracting $3.2 billion. "We don't look at SPY in isolation," Paglia told Reuters. "We look at the ecosystem." That does not alter the reality that Vanguard's ETF may have finally toppled its State Street rival, said Todd Rosenbluth, head of research at VettaFi. "State Street remains a dominant player in the ETF universe, but these are two different products."
