Latest news with #TheBahnsenGroup
Business Wire
27-05-2025
- Business
- Business Wire
TBG Dividend Focus ETF (NYSE: TBG) Hires Bowyer Research to Advise on Proxy Voting
NEW YORK--(BUSINESS WIRE)-- The TBG Dividend Focus ETF (NYSE: TBG), an exchange-traded fund managed by The Bahnsen Group, a wealth management firm with over $7 billion in assets, today announced the hiring of Bowyer Research to advise the ETF on proxy voting. The ETF will rely on Bowyer Research's Bowyer Research Proxy Voting Guidelines, a framework that focuses on shareholder capitalism and aims to depoliticize corporate governance. Bowyer's guidelines exist to support value creation, free enterprise, market competitiveness, meritocracy, and opposes corporate governance proposals that focus on controversial political and cultural issues. 'The TBG Dividend Focus ETF wanted a proxy advisor aligned with its goal of maximizing shareholder value,' said David Bahnsen, founder, managing partner, and chief investment officer of The Bahnsen Group, and portfolio manager of the TBG Dividend Focus ETF. 'In recent years, shareholder activism has interfered with the fiduciary duty of companies to create shareholder value. Our ETF's alignment with the Bowyer Research guidelines helps to ensure that the companies we invest in are focused on maximizing shareholder value instead of weighing in on distracting hot button political matters.' The TBG Dividend Focus ETF was launched in November 2023 to implement the dividend growth philosophy of The Bahnsen Group. The actively managed ETF focuses on individual equities across the market-capitalization spectrum that offer attractive dividend yield that is both sustainable and growing. The ETF currently has $125 million in assets. The Bahnsen Group manages in excess of $7 billion. Disclaimers: The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. This and other important information is contained in the prospectus, which may be obtained by following the links to Prospectus and Summary Prospectus or by calling +1.215.882.9983. Please read the prospectus carefully before investing. Investments involve risk. Principal loss is possible. TBG Dividend Focus ETF is distributed by Quasar Distributors, LLC.
Fox News
21-04-2025
- Politics
- Fox News
The Policies and Political Fights Of The President's First 100 Days
Next week will mark President Donald Trump's 100th day in office. It has been a busy start to his second term, and the administration has already addressed issues like wasteful spending and illegal border crossings. He is also using tariffs to negotiate trade deals and boost domestic production. FOX News Sunday anchor Shannon Bream joins to discuss what President Trump has accomplished since taking office. The college admissions process promises a fair shot for every student, but a high-stakes scandal exposed the price some parents were willing to pay. At the center: college counselor Rick Singer, who offered wealthy families a backdoor into elite universities through bribes, faked test scores, and fabricated athletic profiles. Prosecutors uncovered the scheme thanks to a single unexpected lead, launching a national investigation that pulled in celebrities, coaches, and college officials. Co-host of the Big Money Show, Brian Brenberg, joins to discuss his new FOX Nation Special, Scandalous: Varsity Blues. Plus commentary from managing partner of The Bahnsen Group, David Bahnsen . Learn more about your ad choices. Visit
Observer
04-04-2025
- Business
- Observer
Stocks plunge as China retaliates to Trump tariffs
Global stocks tumbled for a second day on Friday over US President Donald Trump's sweeping tariff plans, with the sell-off deepening after China said it would impose additional tariffs of 34 per cent on all US goods. Banking stocks cratered as investors fretted about growth and priced in far more central bank rate cuts, with benchmark 10-year US Treasury yields sliding to their lowest since October, after Trump slapped a 10 per cent tariff on most US imports and much higher levies on dozens of countries. "If the current slate of tariffs holds, a Q2 or Q3 recession is very possible, as is a bear market," said David Bahnsen, chief investment officer at The Bahnsen Group. "The question is, does President Trump seek some sort of off-ramp for these policies if and when we see a bear market in the stock market." Europe's STOXX 600 dropped 4.4 per cent after sliding on Thursday and was on track for its biggest daily fall since the Covid-19 pandemic in 2020. Japan's Nikkei 225 slumped 2.8 per cent overnight for a second session running. Futures for the US S&P 500 slumped 2.7 per cent after the cash index plunged 4.8 per cent on Thursday — the biggest drop since 2020. Nasdaq futures were down 2.8 per cent after the index dropped 5.4 per cent on Thursday. The VIX index, a closely watched measure of expected volatility in US stocks, rose sharply to the highest since August, at 36. Oil prices slid on worries about growth and demand, with Brent crude futures down 6 per cent to $65.90 a barrel, the lowest in more than three years. Traders on Friday were pricing in more than 100 basis points of Federal Reserve rate cuts this year, up from around 75 basis points on Wednesday and increased their bets on Bank of England and European Central Bank reductions too. The risk of a US and global recession this year has risen to 60 per cent from 40 per cent after Trump's tariff announcements, J P Morgan said. Lower interest rates — which dent lenders' margins — and worries about growth battered banking stocks, with the STOXX 600 banking index slumping 9.5 per cent. That followed an 8 per cent rout for Japanese banks overnight and a sharp sell-off of Wall Street lenders on Thursday. Citigroup dropped more than 12 per cent, Bank of America sank 11 per cent and a host of other major lenders suffered similar falls. "If we start seeing negotiations taking place, or Trump dialling back on some of these tariffs, that is the only possible route to allow for an abatement of the sell-off," said Aneeka Gupta, equity strategist and economist at WisdomTree. "But for now that seems very unlikely." As investors continued to hunt for safety, 10-year US government bond, or Treasury, yields dropped 17 basis points to 3.897 per cent, after falling 14 basis points on Thursday. Yields move inversely to prices. The most obvious sign of nerves about the health of the US economy and markets was a 1.9 per cent drop in the dollar index on Thursday, the biggest fall since November 2022. The dollar initially rebounded somewhat on Friday, but that faded after the China tariff announcement. The euro was last down 0.2 per cent after rallying 1.9 per cent on Thursday, with the dollar index 0.1 per cent higher. The Japanese yen and Swiss franc, safe-haven currencies, rose around 0.6 per cent and 1 per cent respectively . The Australian dollar — sometimes seen as a barometer of investors' risk appetite and a proxy for the Chinese yuan — plunged 2.6 per cent. Japanese 10-year government bond yields were set for their biggest weekly fall — at 37 basis points — since 1992 and last traded at 1.175 per cent. — Reuters
Zawya
04-04-2025
- Business
- Zawya
Stocks plunge again after Trump tariff rout as China retaliates
Global stocks tumbled for a second day on Friday after U.S. President Donald Trump's sweeping tariff plans wiped $2.4 trillion off Wall Street equities, with the sell-off deepening after China said it would impose additional tariffs of 34% on all U.S. goods. Banking stocks cratered as investors fretted about growth and priced in far more central bank rate cuts, with benchmark 10-year U.S. Treasury yields sliding to their lowest since October, after Trump slapped a 10% tariff on most U.S. imports and much higher levies on dozens of countries. "If the current slate of tariffs holds, a Q2 or Q3 recession is very possible, as is a bear market," said David Bahnsen, chief investment officer at The Bahnsen Group. "The question is, does President Trump seek some sort of off-ramp for these policies if and when we see a bear market in the stock market." Europe's STOXX 600 dropped 3.1% after sliding on Thursday, putting the index on track for its biggest weekly fall since February 2022 at 6.6%. Japan's Nikkei 225 slumped 2.8% overnight for a second session running. Futures for the U.S. S&P 500 fell 1.6% after the cash index plunged 4.8% on Thursday - the biggest one-day fall since the COVID-19 crisis in 2020. Nasdaq futures were down 1.7% after the index dropped 5.4% on Thursday. The VIX index, a closely watched measure of expected volatility in U.S. stocks, climbed to the highest since August at 33. BANKS SLIDE AS RATE CUT BETS RISE Traders on Friday were pricing in more than 100 basis points of Federal Reserve rate cuts this year, up from around 75 basis points on Wednesday, and increased their bets on Bank of England and European Central Bank reductions too. The risk of a U.S. and global recession this year has risen to 60% from 40% earlier after Trump's tariff announcements, J.P. Morgan said. Lower interest rates - which dent lenders' margins - and worries about growth battered banking stocks, with the STOXX 600 banking index slumping 8.7%. HSBC shares dropped 6.9%, UBS fell 5.5% and BNP Paribas slid 8%. That followed an 8% rout for Japanese banks overnight and a sharp sell-off of Wall Street lenders on Thursday. Citigroup dropped more than 12%, Bank of America sank 11% and a host of other major lenders suffered similar falls. "If we start seeing negotiations taking place, or, Trump dialling back on some of these tariffs, that is the only possible route to allow for an abatement of the sell-off," said Aneeka Gupta, equity strategist and economist at WisdomTree. "But for now that seems very unlikely." As investors continued to hunt for safety, 10-year U.S. government bond, or Treasury, yields dropped 16 basis points to 3.897%, after falling 14 basis points on Thursday. Yields move inversely to prices. The most obvious sign of nerves about the health of the U.S. economy and markets was a 1.9% drop in the dollar index on Thursday, the biggest fall since November 2022. The dollar found a footing on Friday, however, with the euro down 0.5% after rallying 1.9% on Thursday. The Swiss franc, another safe haven, perked up about 0.5% while the Australian dollar - sometimes seen as a barometer of investors' risk appetite - plunged 2.2%. "The thing that might help markets a little bit is that we get data that suggests that, actually, we are going to get 1%-plus growth in the U.S. in the last quarter," said Michael Metcalfe, head of macro strategy at State Street Global Markets. Metcalfe pointed to U.S. nonfarm payrolls data, due at 1230 GMT (8.30 a.m. ET), as one key data point. The figures are expected to show the U.S. economy added 135,000 jobs in March, down from 151,000 in February. Japanese 10-year government bond yields were set for their biggest weekly fall - at 37 basis points - since 1992 and last traded at 1.175%. Oil prices also dropped on worries about growth and demand , with Brent crude futures down 2.9% to $68.10 a barrel. (Reporting by Harry Robertson in London and Rae Wee in Singapore; Editing by Sam Holmes, Sharon Singleton and Hugh Lawson)
Dubai Eye
04-04-2025
- Business
- Dubai Eye
Shares bruised, dollar crumbles as Trump tariffs stir recession fears
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession. Asian shares struggled to recover their heavy losses from the previous session as Japan's Nikkei .N225 fell 1.85 per cent, extending its 2.8 per cent slide from Thursday. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.26 per cent in thin trade, with markets in China, Hong Kong and Taiwan closed for a holiday. Overnight S&P 500 companies lost a combined $2.4 trillion in stock market value, their biggest one-day loss since the coronavirus pandemic hit global markets on March 16, 2020, while other Wall Street indexes similarly clocked sharp falls. The bruising selloff across markets came after Trump on Wednesday announced Washington's steepest trade barriers in more than 100 years, sending investors scrambling for safety assets. "If the current slate of tariffs hold, a Q2 or Q3 recession is very possible, as is a bear market," said David Bahnsen, chief investment officer at The Bahnsen Group. "The question is, does President Trump seek some sort of off-ramp for these policies if and when we see a bear market in the stock market. We believe Trump will then pivot to focus on the number of companies that are making significant investments in the US, but it's unclear that would reverse market sentiment." US stock futures steadied in the early Asian session, with Nasdaq futures NQc1 rising 0.05 per cent, while S&P 500 futures ESc1 eased 0.06 per cent. Reflecting the heightened worries of a global recession, particularly in the United States, traders have since ramped up bets of more Federal Reserve rate cuts this year, on the view that policymakers would have to ease more aggressively to shore up growth in the world's largest economy. Fed funds futures now point to roughly 96 basis points worth of cuts by December, from closer to 70 bps shortly before Trump's tariffs were announced on Wednesday. "Central banks are not well-equipped to deal with stagflation as the impacts of slower growth and higher inflation pull policy in opposing directions," said David Doyle, head of economics at Macquarie Group. "This means that stronger core inflation is likely to limit the extent of any policy response from the Fed due to the headwinds created for growth." Fed Chair Jerome Powell is due to speak later on Friday and investors will be looking out for his latest assessment of the US economy and any clues on the policy outlook following Trump's fresh tariff salvo. In the foreign exchange market, the dollar was up 0.09 per cent against the yen JPY=EBS at 146.23, after having tumbled 2.2 per cent in the previous session, its steepest daily fall in more than two years. The euro steadied at $1.1043 after a 1.9 per cent jump on Thursday, while the Swiss franc last stood at 0.8591 per dollar, having also surged 2.6 per cent on Thursday. Against a basket of currencies, the dollar languished near a six-month low at 102.04. "Much of the weakness of the US dollar this year can be related to the weight of long positions that were built into the end of the year coupled with the refocussing of attention on US growth risks that have accompanied tariff talk for weeks," said Jane Foley, senior FX strategist at Rabobank. Safe-haven currencies like the yen and the Swissie have benefitted from investors' flight to safety assets, which also saw bond prices surging. The benchmark 10-year US Treasury yield was last little changed at 4.0436 per cent, having fallen 14 bps in the previous session. Bond yields move inversely to prices. Elsewhere, spot gold was perched near a record high at $3,112.81 an ounce, and was on track for a fifth straight weekly gain, as worries about the impact of Trump's tariffs on the global economy boosted the metal's safe-haven appeal. Oil prices extended their steep decline from the previous session, with Brent futures down 0.13 per cent at $70.05 a barrel, while US West Texas Intermediate crude futures fell 0.15 per cent to $66.85 per barrel.
