Latest news with #Spence
USA Today
3 days ago
- General
- USA Today
Notre Dame baseball loses more catcher depth as another, Joey Spence, enters the portal
Notre Dame baseball loses more catcher depth as another, Joey Spence, enters the portal On Monday, Notre Dame baseball got its worst news of the off-season, as star catcher Carson Tinney entered the transfer portal. Then on early Tuesday morning, the backstop depth took another hit, as fifth-year senior Joey Spence also announced his intentions to leave the Irish program. This should come as no surprise, as he moved away from the program at the end of February, most likely due to his playing time decreasing with Tinney's rise. Spence, who also got playing time as the designated hitter, was drafted out of high school, getting selected by the Arizona Diamondback in round No. 18. The hope was that he would return next fall, but will now leave with a year of eligibility remaining. Spence's collegiate career hasn't gone exactly how he planned, ending his Irish career with 59 games played, 105 at-bats with a .276 average, 6 home runs and 15 RBI. While Notre Dame still has a promising future, the transfer season has not been kind for the Irish as multiple others have opted to leave the program.
Yahoo
3 days ago
- Business
- Yahoo
'Activate your core' portfolio with these active ETFs
2025 is expected to be a monumental year for active exchange-traded funds (ETF) as US investors represent some of the biggest inflows into the asset category. J.P. Morgan Asset Management Global Head of ETFs Travis Spence breaks down the options that active ETFs offer investors, while listing several active ETFs that cover core sectors. Among its assets under management, Spence's firm manages about $190 billion in ETF assets alone. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. I'm curious, when you talked about those flows into active ETFs, what's that coming at the expense of? I mean, is that, what are investors less excited about? Well, I think you've seen a, a secular trend over the last, you know, kind of 10 years of movement from the mutual fund wrapper into the ETF wrapper. So we've seen that here in the US and, and that's a part of it. I think we also see a lot of clients moving from just passive strategies now that you have active ETFs available. Again, in some of these core sectors, think of your core, your core bond sectors, your, your large, large cap, uh, growth sectors. Now you have a, a real option that gives you some additional benefits by being the ETF wrapper, the transparency, the, the price discovery, the ability to trade every day, and in many cases, a, a much more tax efficient wrapper. So put all this together, what should people be doing right now? Which ETFs should they be looking on in this environment? So I think there's, there's two recommendations that we would have. Like in this environment where we've got rates and spreads moving around, we've got the tariff impact, which is really at a company specific level. That's not even an industry specific. It's what companies are doing with their own supply chain and that, that's something we need to evaluate from a fundamental basis. So I think two things is really, you know, one, get active in your core portfolio. You know, activate your core. We always say we're going to the gym. Um, so I think that's number one and you can take advantage of these active, uh, ETFs now in, in those core sectors. So think of your, again, your intermediate or your core, your core plus bonds, your income strategies and fixed income. We've got some great options within that, things like J Bond, JP, uh, that, that have been doing really well in that active ETF wrapper. The second, and, and then of course, in, in equities as well, you've got your growth strategies, your value strategies that are now in, in active ETFs. Um, the second recommendation we would have, and this is really important in this environment, and where we've seen most of the flows in the active ETF space in the US this year, has been into strategies that are more downside protected, um, and into short ultra short, uh, bonds. So that's where we've seen the bulk of the, the assets go. Those are things in, in innovations that came out in the ETF wrapper, like derivative income. So Jepi, JepQ, uh, that we offer which, which provide a bit more downside protection with an option call writing strategy that also provides income by staying invested in the equity market. With that extra volatility comes a little bit of additional income that we can get through those derivative, uh, overlay strategies. So Jepi and JepQ that are representing what you would get normally within a broad core equity exposure or within the Nasdaq exposure are now offering yields of 11, 15% in addition to being invested in the market with a bit of downside protection. That's those are, those are ways to again, stay invested and, and, and, and get invested if you're not there already. 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
Yahoo
3 days ago
- Business
- Yahoo
'Activate your core' portfolio with these active ETFs
2025 is expected to be a monumental year for active exchange-traded funds (ETF) as US investors represent some of the biggest inflows into the asset category. J.P. Morgan Asset Management Global Head of ETFs Travis Spence breaks down the options that active ETFs offer investors, while listing several active ETFs that cover core sectors. Among its assets under management, Spence's firm manages about $190 billion in ETF assets alone. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. 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
Yahoo
4 days ago
- Business
- Yahoo
Manufacturing continues to stall as the industry grapples with tariff uncertainty: PMI
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. The manufacturing industry's monthslong struggle with the Trump administration's tariff policies continued in May, with demand still down and prices up, according to the Institute for Supply Management's May Purchasing Managers' Index. ISM's index registered 48.5% in May, down 0.2 percentage points compared to the month before. A PMI index below 50.0% shows an industry in contraction. Production, which dropped drastically last month, rose slightly to 45.4% even as manufacturers continue to stay conservative amid demand uncertainty. Supplies, however, are dwindling at some facilities as companies run through the inputs they pulled ahead earlier this year in an effort to avoid upcoming tariffs. The import index plunged 7.2 percentage points to 39.9%, the lowest reading since May 2009, Susan Spence, chair of the Institute for Supply Management Manufacturing Business Survey Committee, said during a media call Monday. If a backlog can't make up for depleted inventories, Spence said she worries it's "going to be really, really bad news for production," in the months ahead. "You have to have something coming in to be able to produce it," Spence said. "So if things continue to be down and you're getting that inside of your four walls, then how can production be up?" Deliveries also continued to be slow last month, which Spence attributed to congestion at ports as companies disagree over who will pay for heightened import costs. The muted outlook was in line with ISM's economic forecast for the second half of the year, which predicted that revenue for the year will grow by only 0.1% due to rising prices and an uncertain macro environment. Manufacturers aren't likely to get relief from many of Trump's tariffs anytime soon, with the president announcing hikes on aluminum and steel tariffs up to 50%, set to take effect on Wednesday. S&P's May PMI report was more positive, showing the industry in expansion at 52, up from 50.2 in April. Surveyed manufacturers expressed some renewed confidence in upcoming trade stability, with employment also up slightly. Domestic demand, however, far outweighed foreign orders, as tariff policies weighed on overseas consumers. These factors convey a more worrying picture of an industry that could be experiencing a short-term rebound, according to S&P's report. "The rise in the PMI during May masks worrying developments under the hood of the US manufacturing economy," Chris Williamson, chief business economist at S&P Global Market Intelligence, said in a statement. "While growth of new orders picked up and suppliers were reportedly busier as companies built up their inventory levels at an unprecedented rate, the common theme was a temporary surge in demand as manufacturers and their customers worry about supply issues and rising prices." Continued uncertainty was the main theme in ISM's report as well, with concerns about tariffs making up 86% of headline comments from survey respondents, according to Spence. Companies that must recalculate their bill of materials multiple times a week are struggling with the current operating environment. "So [the tariff policy] is not benefiting anybody right now, that is for sure. Perhaps in the long term, if there was a decision that wasn't changed so often. It's just really the uncertainty," Spence said. Recommended Reading Tariffs push manufacturing into stagnation through 2025: ISM forecast
Yahoo
4 days ago
- Business
- Yahoo
Manufacturing activity contracted in May as imports hit lowest level since 2009
Economic activity in the US manufacturing sector continued to contract in May as imports tumbled to their lowest level since 2009. The Institute for Supply Management's (ISM) manufacturing PMI registered a reading of 48.5 in May, down from April's reading of 48.7. Readings above 50 for this index indicate an expansion in activity while readings below 50 indicate contraction. The manufacturing sector has been in contraction for most of the past two years. The import index sank to a reading of 39.9, well below the 47.1 seen in April. The large decrease in imports came as businesses grapple with President Trump's tariff hikes on various countries. While Trump has recently scaled back some of his initial tariffs, a wide swath of levies are still in place. 'Imports continue to contract as demand has reduced the need to maintain import levels from previous months, as well as due to the impact of tariff pricing,' Susan Spence, chair of the ISM Manufacturing Business Survey Committee, said in a release. Spence later told Yahoo Finance in an interview that the biggest concern among ISM panelists was tariffs, with 86% of the responses mentioning levies in their comments. Some respondents compared the current operating environment to the struggles seen during the pandemic in 2020. "So the only thing that can help is certainty and whatever is going to finally be happening with the individual countries," Spence said. A separate reading on manufacturing activity from S&P Global, also released on Monday, registered a reading of 52, up from a prior reading of 50.2. But S&P global chief business economist Chris Williamson wrote in the release the headline data "masks worrying developments under the hood" of the US manufacturing sector. "While growth of new orders picked up and suppliers were reportedly busier as companies built up their inventory levels at an unprecedented rate, the common theme was a temporary surge in demand as manufacturers and their customers worry about supply issues and rising prices," Williamson wrote. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. Sign in to access your portfolio
