Latest news with #marketrebound
Bloomberg
08-08-2025
- Business
- Bloomberg
Defensive tilt weighs on BMVP in fast stock market rebound
This article was written by Bloomberg Intelligence Quantitative Equity Strategist Christopher Cain and Director of Equity Strategy, Chief Equity Strategist Gina Martin Adams. It appeared first on the Bloomberg Terminal. Bloomberg's large-cap BMVP portfolio delivered positive returns in 2Q but trailed its benchmarks, held back by its defensive tilt during one of the fastest market rebounds on record. The primary drag came from its exposure to low-volatility stocks, which lagged as investors rotated into higher-risk names. Despite near-term underperformance, BMVP's long-term record remains intact, with higher annualized returns and lower risk than both equal and market cap-weighted benchmarks — underscoring the value of a disciplined, multifactor approach. Large-cap BMVP underperformed benchmarks in 2Q Bloomberg's large-cap BMVP portfolio underperformed its benchmarks in 2Q, weighed down by its defensive tilt — particularly the low-volatility component — during the fastest market rebound after a 15% drawdown on record. The BMVP portfolio returned 1.82% on the quarter, trailing the Bloomberg 500 equal-weight benchmark's 5.46% gain. Low volatility was the weakest contributing factor, with the sector-neutralized Q1 cohort declining 58 bps on the quarter. Despite 2Q softness, the BMVP strategy maintains higher long-term returns (10.71% annualized) than both the equal-weight (7.87%) and market-cap-weight (8.82%) benchmarks, along with lower volatility and drawdowns.
South China Morning Post
06-08-2025
- Business
- South China Morning Post
Daily southbound buying via Stock Connect exceeds US$2.5 billion twice in 2 weeks
Mainland Chinese investors bought HK$23.42 billion (US$3 billion) worth of Hong Kong stocks via the Stock Connect on Tuesday, the second time in two weeks that daily southbound net buying exceeded HK$20 billion, as confidence builds in the city's market rebound. It marked the largest single-day inflow since April 9, when HK$35.6 billion of net buying was recorded, according to data compiled by Wind. On July 25, net purchases also topped HK$20 billion. So far this year, net purchases through the southbound link have totalled more than HK$884.4 billion, according to exchange data, surpassing the full-year total for 2024 and reaching an all-time record. 'The southbound inflows actually serve as one of the most important drivers of the Hong Kong equity market,' said Kenny Tang, chairman of the Hong Kong Institute of Financial Analysts. 'Supportive national policies are clearly aimed at revitalising the market and lifting valuations, which in turn help attract foreign capital.' The surge in demand comes as global banks have become more optimistic about capital flows from the mainland. Last week, Goldman Sachs raised its forecast for full-year 2025 southbound inflows to US$160 billion from US$110 billion, citing a moderation in US-China tensions, strong buying momentum and supportive policies. Investor sentiment has been buoyed by a series of positive signals in recent weeks, including a rebound in initial public offering (IPO) applications, rising turnover and expectations for better earnings from Hong Kong-listed firms. A total of 42 new listings raised a combined HK$107.1 billion in the first half, a sevenfold increase from a year earlier, putting Hong Kong at the top of the global league table, according to the city's Securities and Futures Commission 'With market capitalisation now exceeding HK$40 trillion, global and index funds are increasingly required to hold Hong Kong stocks,' Tang said. 'This broader participation, along with a policy push to expand the market and facilitate more IPOs – especially for Chinese firms returning from the US – could further boost international interest.'
Yahoo
05-08-2025
- Business
- Yahoo
SGOV Pulls In $1.1B as Markets Rebound From Friday Rout
The iShares 0-3 Month Treasury Bond ETF (SGOV) attracted $1.1 billion Monday, bringing its assets under management to $52.7 billion, according to data provided by FactSet. The short-term Treasury fund's inflows came as the Dow Jones Industrial Average soared 585 points, completely wiping out Friday's decline sparked by weak jobs data and new tariff concerns. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation The Vanguard S&P 500 ETF (VOO) pulled in $884.6 million, while the iShares Core S&P 500 ETF (IVV) collected $749.9 million as the S&P 500 advanced 1.5%. The Communication Services Select Sector SPDR Fund (XLC) gained $307.8 million, and the SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) attracted $416.2 million. The SPDR S&P 500 ETF Trust (SPY) saw outflows of $8 billion despite the market rebound, while the iShares Russell 2000 ETF (IWM) lost $1.5 billion. The ARK Innovation ETF (ARKK) experienced outflows of $587.4 million, and the VanEck Semiconductor ETF (SMH) shed $355 million. U.S. fixed-income ETFs attracted $3.9 billion, while U.S. equity funds posted outflows of $7.8 billion. Currency ETFs lost $955.7 million. Overall, ETFs posted net outflows of $4.6 billion for the day. Track real-time ETF inflows and outflows for all tickers using ETF Fund Flows tool. Top 10 Creations (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SGOV iShares 0-3 Month Treasury Bond ETF 1,119.35 52,714.73 2.12% VOO Vanguard S&P 500 ETF 884.60 700,416.21 0.13% IVV iShares Core S&P 500 ETF 749.88 633,019.93 0.12% BIL SPDR Bloomberg 1-3 Month T-Bill ETF 416.17 41,584.88 1.00% XLC Communication Services Select Sector SPDR Fund 307.80 24,093.36 1.28% JPST JPMorgan Ultra-Short Income ETF 265.28 32,743.44 0.81% CGDV Capital Group Dividend Value ETF 213.29 20,044.18 1.06% MUB iShares National Muni Bond ETF 207.57 38,670.60 0.54% VCSH Vanguard Short-Term Corporate Bond ETF 198.48 35,386.19 0.56% USFR WisdomTree Floating Rate Treasury Fund 196.29 19,000.33 1.03% Top 10 Redemptions (All ETFs) Ticker Name Net Flows ($, mm) AUM ($, mm) AUM % Change SPY SPDR S&P 500 ETF Trust -7,991.41 639,674.77 -1.25% IWM iShares Russell 2000 ETF -1,527.13 57,880.41 -2.64% ARKK ARK Innovation ETF -587.38 7,020.02 -8.37% XLF Financial Select Sector SPDR Fund -385.75 51,540.79 -0.75% XLY Consumer Discretionary Select Sector SPDR Fund -356.55 21,372.11 -1.67% SMH VanEck Semiconductor ETF -355.00 25,969.75 -1.37% SOXX iShares Semiconductor ETF -332.05 13,187.19 -2.52% FBTC Fidelity Wise Origin Bitcoin Fund -331.42 22,959.91 -1.44% ARKB ARK 21Shares Bitcoin ETF Ben of Int -327.93 5,175.63 -6.34% TLT iShares 20+ Year Treasury Bond ETF -280.81 47,685.45 -0.59% ETF Daily Flows By Asset Class Net Flows ($, mm) AUM ($, mm) % of AUM Alternatives 20.95 10,456.32 0.20% Asset Allocation 96.79 26,067.51 0.37% Commodities ETFs 57.02 221,678.55 0.03% Currency -955.69 173,734.04 -0.55% International Equity -519.26 1,882,552.34 -0.03% International Fixed Income 728.51 311,602.22 0.23% Inverse -81.00 14,690.04 -0.55% Leveraged -40.61 139,903.61 -0.03% US Equity -7,781.34 7,197,325.25 -0.11% US Fixed Income 3,896.00 1,727,716.12 0.23% Total: -4,578.65 11,705,725.99 -0.04% Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data are believed to be accurate; however, transient market data are often subject to subsequent revision and correction by the | © 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
Yahoo
04-08-2025
- Business
- Yahoo
Funko, GoPro, The Real Brokerage, ThredUp, and eXp World Stocks Trade Up, What You Need To Know
What Happened? A number of stocks jumped in the morning session after markets rebounded following a sharp sell-off in the previous trading session as weaker-than-expected U.S. jobs data fueled investor hopes for a potential interest rate cut by the Federal Reserve. The July Nonfarm Payrolls report revealed a gain of only 73,000 jobs, significantly below the 110,000 expected. Compounding the news, prior months' figures were revised downward by over 250,000 jobs. This data, indicating a cooling labor market, has led investors to dramatically increase bets on a September interest rate cut by the Federal Reserve, with the probability jumping to over 80% according to the CME FedWatch Tool. The prospect of lower borrowing costs typically stimulates economic activity and boosts consumer spending on non-essential goods and services, which directly benefits companies in the consumer discretionary space. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Toys and Electronics company Funko (NASDAQ:FNKO) jumped 3.3%. Is now the time to buy Funko? Access our full analysis report here, it's free. Consumer Electronics company GoPro (NASDAQ:GPRO) jumped 3.2%. Is now the time to buy GoPro? Access our full analysis report here, it's free. Real Estate Services company The Real Brokerage (NASDAQ:REAX) jumped 3.7%. Is now the time to buy The Real Brokerage? Access our full analysis report here, it's free. Apparel and Accessories company ThredUp (NASDAQ:TDUP) jumped 8.2%. Is now the time to buy ThredUp? Access our full analysis report here, it's free. Real Estate Services company eXp World (NASDAQ:EXPI) jumped 6.5%. Is now the time to buy eXp World? Access our full analysis report here, it's free. Zooming In On ThredUp (TDUP) ThredUp's shares are extremely volatile and have had 74 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 6 days ago when the stock dropped 3.2% after the latest U.S. consumer confidence report revealed underlying weakness despite a headline increase, raising concerns about future spending. While the Conference Board's headline Consumer Confidence Index rose to 97.2 in July, the details painted a more cautious picture for investors. The Present Situation Index, a measure of consumers' assessment of current business and labor market conditions, actually fell. More telling for the sector, the report showed a decline in buying intentions for major discretionary items such as homes, cars, and most appliances. This combination of factors signals potential weakness in future consumer spending, casting a shadow over companies that rely on non-essential purchases. ThredUp is up 563% since the beginning of the year, and at $9.35 per share, has set a new 52-week high. Investors who bought $1,000 worth of ThredUp's shares at the IPO in March 2021 would now be looking at an investment worth $467.25. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Reuters
29-07-2025
- Business
- Reuters
Amundi's second-quarter inflows beat forecasts as European assets draw interest
PARIS, July 29 (Reuters) - Amundi ( opens new tab, Europe's largest asset manager, reported higher-than-expected inflows in the second quarter, driven by continued appetite for funds that track the market and a rebound in activity of its joint venture in India. Net inflows over the April to June period were 20.4 billion euros ($23.65 billion), above the 10.5 billion euros expected on average by analysts polled by the company. That brought total assets under management to a new record of 2.27 trillion euros. The group, which is controlled by French bank Credit Agricole, said institutional investors and third-party distributors poured money into both passive and active strategies, especially those focused on European markets, as clients seek to rebalance the allocations of their assets. "What we saw a lot of during the first half of the year was, first and foremost, many European clients repatriating and diversifying their allocations," CEO Valerie Baudson told reporters on a call. "In particular, they repatriated a lot of money that had been invested outside Europe back to Europe. We also saw a lot of interest from American and Asian clients," she said. She added that she expected minimal impact on European economic growth from the framework trade agreement struck between the United States and the European Union. In addition to positive net inflows, Amundi benefited from a favourable market effect of 57 billion euros, as rising asset prices boosted the value of its portfolios. This helped offset a negative currency impact of 48 billion euros, driven by declines in the dollar and Indian rupee against the euro. Amundi's second-quarter adjusted net income fell 4.5% to 334 million euros, as the fund manager's results continued to be hit by France's temporary tax hike on big companies. This will cost Amundi a total of 72 million euros in 2025, the group has said, out of which 54 million euros will be accounted for in the first half. ($1 = 0.8625 euros)
