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☆ This investor, mentored by Peter Lynch, hasn't abandoned the 'Mag 7,' but is placing bets on these mid-caps
▼ + stars: | 2024-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +9 min

It was under the tutelage of legendary investor Peter Lynch that Sullivan developed the edge that has served him in his career. The numbers Today, Sullivan manages the Putnam Investments Core Equity Fund (PMYYX) , a multicap fund with $4.4 billion in assets that he started in 2010. "The numbers are good," Sullivan said. Ultimately, Sullivan said he's learned a lot from other investors, noting the good stock pickers have had "pretty eclectic" approaches that helped them outperform the market over time. "And I found the good fortune over the decades to be around pretty good stock pickers, pretty good money managers."

Persons: Gerard Sullivan, Peter Lynch, Sullivan, Lynch, hadn't, —, Arthur Yeager, PMYYX, Morningstar, It's, Yeager, Tesla, it's, that's, Rajesh Subramaniam, he's, I'm, That's Organizations: Fidelity, Columbia Business School, Magellan Fund, Putnam Investments, Equity, Pacific Gas & Electric, CMS Energy, Companies, Nvidia, FedEx Locations: Brooklyn, U.S, California, Michigan, Pinterest

☆ Goldman Sachs money manager: Be selective with small caps because prices ‘can go down with great velocity'
▼ + stars: | 2024-04-08 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Goldman Sachs sees opportunities in small-cap stocks — even as the Russell 2000 finishes its worst week since early January. "I do think that you have to be very selective in small caps because things can go down with great velocity," he told CNBC's " Fast Money " on Thursday. "Within the Russell 2000, you have a lot of stuff that you probably don't want to own," he said. Even with the losing week, the Russell 2000 is up almost 2% for the year, as of Friday's market close. "Other financial conditions have eased a bit, which is also helpful for small caps.

Persons: Goldman Sachs, Russell, Greg Tuorto, CNBC's, Tuorto Organizations: Core Equity ETF, Federal Signal Corp, SPX Technologies, Federal Reserve, Nvidia, Innovation Locations: Cava, Cava —

☆ One of Wall Street's favorite investment vehicles turns 25 years old
▼ + stars: | 2024-03-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

One of Wall Street's favorite investment vehicles turns 25 years old on Sunday, but shows no signs of fading to the background as it ages. One of the main conversation points around the 2023 rally for the QQQ, and the entire U.S. market, is the dominance of just a handful of key stocks. Over the years, many key stocks have left the fund, including former top performers like Nextel Communications and Sun Microsystems, which were bought out. Related plays Competition in the ETF industry for the QQQ has expanded dramatically over the past quarter century, including from other Invesco funds. That fund is less than four years old but has already surpassed $20 billion in total assets.

Persons: Wall, Ryan McCormack, McCormack, Todd Sohn Organizations: Nasdaq, Qs, Microsoft, Intel, Qualcomm, Nvidia, Broadcom, Nextel Communications, Sun Microsystems, Pepsico, Amgen Locations: United States, U.S

☆ Goldman Sachs is betting on the small cap rally. Here's how.
▼ + stars: | 2023-12-05 | by ( Meredith Mutter | ) www.cnbc.com time to read: +1 min

Small cap stocks are undergoing a resurgence, and Goldman Sachs Asset Management is looking to capitalize on it through the exchange-traded fund space. One, believe it or not, is small cap core," Brendan McCarthy, the firm's managing director of exchange traded funds, told CNBC's "ETF Edge" on Monday. "This is our first active small cap ETF, and that's very much on the back of investor demand." It's called the Goldman Sachs Small Cap Core Equity ETF and it's up almost 8% since its early October launch date. Meanwhile, the Russell 2000, which tracks small cap stocks, is up more than 7% in that same time frame as of Tuesday's market close.

Persons: we've, Brendan McCarthy, CNBC's, It's, Goldman Sachs, Russell Organizations: Goldman Sachs, Management, Goldman, Core Equity, Federal Signal Corp, Meritage, Innovation

"A lot of times, people try to hide in the herd, and we try to fit in, and I think that's the worst advice." Anne Mahlum started the boutique fitness chain Solidcore in 2013. Building empathy, maintaining disciplineMahlum's hard-charging approach may have helped her build a fitness empire, which now has more than 100 locations across the U.S. "When we had to do some of those layoffs [I didn't realize] I was taking away [former employees'] social life, their workout life, their friendships, not just their job," Mahlum says. A lifelong athlete, Mahlum says she decided to start Solidcore after being humbled by a L.A.-based Pilates class.

Persons: Anne Mahlum, —, Mahlum, It's, Adams Morgan, who'd Organizations: CNBC Locations: U.S, Washington

☆ This stock buyback ETF is beating the S&P 500 this summer. Here's how it works
▼ + stars: | 2023-08-16 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The Invesco BuyBack Achievers ETF (PKW) has risen 10.7% over the past three months, accounting for more than 100% of its gains for the year. The SPDR S & P 500 ETF Trust (SPY), by comparison, is up 7.6% over the past three months. PKW 3M mountain The Invesco BuyBack Achievers ETF is outperforming the S & P 500 over the past three months. Over the past decade, the Invesco fund has an average annual total return of 10.8%. That is below the returns for the broad S & P 500 but better than that of the iShares S & P 500 Value ETF (IVE) and SPDR Portfolio S & P 500 Value ETF (SPYV) .

Persons: Nick Kalivas, Kalivas, Morgan Stanley Organizations: Trust, Nasdaq, Comcast, ConocoPhillips, Pacer U.S, Cash, CNBC Locations: U.S

☆ State Street is cutting fees on 10 funds worth more than $70 billion combined
▼ + stars: | 2023-08-01 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

The biggest fund seeing an expense cut is the SPDR Portfolio S&P 500 ETF (SPLG) , with roughly $20 billion in assets under management. The changes impact roughly half of the SPDR Portfolio ETF suite, including funds focused on U.S. stocks, foreign stocks and fixed income. Combined, the 10 funds hold about $77 billion in assets, according to FactSet. The SPLG will now have an expense ratio of just 0.02% and a per share price of close to $50. It has been a massive win for smaller investors," Thompson said.

Persons: Sue Thompson, Thompson Organizations: State Street Global Advisors, BNY, Core Equity Locations: Americas

☆ First investment, cost basis, selling 'dogs' — we answer 3 questions from members
▼ + stars: | 2023-07-16 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

We will only consider more general questions about the investment process or stocks in the portfolio or related industries. However, it's important to also consider a company's underlying fundamentals and not just the stock price. After all, price is what you pay and value is what you get, so it's important to consider whether the stock price reflects the business fundamentals. For us, that might be Apple (AAPL) and Nvidia (NVDA) as we've designated these "own, don't trade" stocks. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Jim Cramer, — Sandi D, — Scott K, you've, —, whittle, Jim, NVDA, — Keith, Jim Cramer's, Jim Cramer Rob Kim Organizations: investingclubmailbag, Investment Club, New Orleans, Apple, Nvidia, Jim Cramer's Charitable, CNBC

☆ This compact fund beats the market and provides a downside cushion in tough times
▼ + stars: | 2023-06-18 | by ( Alex Harring | ) www.cnbc.com time to read: +8 min

While now considered compact with 40 holdings, portfolio manager Andrew Choi said it has become known for its cushion when the market hits a bad patch. " The fund has returned 10.9% annually since its inception, compared with a 9.9% year gain over the same period for the broad S & P 500. PRBLX .SPX YTD mountain The fund vs. the S & P 500 'Dancing in the right places' The fund was created in 1992, about eight years after the firm itself began. He said the fund finds stocks that can provide downside cushion by looking at moats and management teams. Rolling returns over the past five years show the fund outperforming the S & P 500 and Russell 1000 about 60% of the time.

Persons: Andrew Choi, Choi, Morningstar, Todd Ahlsten, Ahlsten, Warren Buffett, Biden's, they're, Salesforce, Charles Schwab, Apple, Big, Stephen Welch, it's, Russell, sharpe, Welch Organizations: Equity Fund, firm's CIO, GOP, Semiconductor, Devices, Nvidia, Bank of America, Microsoft, Apple, Deere, Linde, Procter, Gamble, Adobe, Mastercard Locations: downturns

☆ Why the regional bank crisis could help fuel a shift to active ETFs
▼ + stars: | 2023-05-08 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

The Vanguard Small-Cap Index ETF (VB) is down 10% over the past three months, and the SPDR S & P Regional Banking ETF (KRE) has plunged 40%. VB 3M mountain Passive small-cap funds like VB have been hurt by the regional banking crisis. "Of the 130+ passively managed small-cap ETFs, the average Financials sector exposure is 16%. Small-cap funds is one category where active funds should have plenty of room to grow, Sohn said. Research shows that very few active managers can consistently beat index funds, and the index funds are almost always cheaper for investors by expense ratio.

☆ Investors can discount IMF’s emerging-market gloom
▼ + stars: | 2023-04-21 | by ( Felix Martin | ) www.reuters.com time to read: +6 min

Historically, monetary tightening in the United States has been kryptonite for emerging-market investors. Most important of all, many emerging-market central banks learned the lesson of previous cycles and raised rates early. By the end of 2021, two-thirds of the major emerging-market central banks were tightening monetary policy. Perhaps the 2020s will bring a Highly Indebted Rich Countries initiative in which emerging-market countries return the favour. But when it comes to considering the investment case for the majority of emerging-market sovereigns, investors should not be swayed.

☆ Here's how to spot a good growth stock, according to one fund manager
▼ + stars: | 2023-03-27 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Growth stocks have been enjoying a rebound after a miserable 2022. And the tech sector in particular — a favorite among investors seeking exposure to growth stocks — has been a bright spot amid the banking turmoil. "As a growth manager … one of the things we're trying to think about is, how do you identify good growth businesses?" He said one of the biggest risks of growth investing is paying too much today for future growth. Future growth is very difficult to predict, he said, adding that historical growth isn't particularly indicative of future growth.

☆ Jeff Erdmann has been the best wealth advisor in the US for 7 years running. The Merrill Lynch pro told us how he's keeping clients' money safe with a recession on the way.
▼ + stars: | 2023-01-31 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Forbes has named Jeff Erdmann the best wealth manager in the US every year since 2016. Erdmann's group at Merrill Private Wealth Management oversees $14 billion in assets. Erdmann, who is coming up on his 40th year at Merrill Private Wealth Management, has been named the best wealth manager in the country by Forbes every year since 2016. In stocks, Erdmann says he remains committed to dividends and dividend growth. Erdmann says allocating to the right sectors is vital, and right now, it's not clear what parts of the market offer the best long-term opportunities.

☆ One of the market's biggest ETFs is changing its holdings. Here's what's new
▼ + stars: | 2022-12-17 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The index behind one of the biggest ETFs on the market is getting a shakeup next week, creating a shift in the portfolios of many investors. The index is the backbone of the Invesco QQQ Trust , one of the biggest ETFs on the market with more than $150 billion in assets under management. Investors who own the QQQ will see their own portfolios indirectly change as the massive fund rotates its holdings. Discovery are also not perfect fits within the tech sector. The Invesco QQQ Trust, which was launched in 1999, has an expense ratio of 0.20%.

☆ Indian banks' loan growth to accelerate despite higher interest rates -Fitch
▼ + stars: | 2022-11-28 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 28 (Reuters) - Loan growth at Indian banks will accelerate to 13% in this fiscal year despite the RBI raising interest rates, as economic activity picks up after a pandemic led lull, Fitch Ratings said on Monday. read moreStrong loan growth will, however, put pressure on core equity tier 1 ratios if credit growth exceed expectations, limiting buffers to absorb potential future losses, the ratings agency said. Deposit growth is seen at 11% this year and the next, slower than loan growth. Increased deposit rates may put some pressure on margins, but lower credit costs should offset pressure on profitability, Fitch said, adding that near-term asset quality risks appeared contained. "Deposits' large role in banks' funding mix are likely to remain a credit strength for Indian banks, despite some normalisation in household savings after being boosted during the pandemic," the note said.

☆ Piraeus Bank swings to 9-month profit, ups full-year guidance
▼ + stars: | 2022-11-11 | by ( George Georgiopoulos | ) www.reuters.com time to read: +2 min

The bank reported net earnings of 729 million euros ($746.86 million) after a loss of 3.085 billion euros in the nine-month period in 2021. Net earnings in the third quarter grew to 116 million euros from 92 million in the second quarter. Piraeus Bank generated 0.28 euros of earnings per share in the nine-month period and expects to outperform its previous 0.35 euro full-year 2022 guidance, he said. Its performing-loans portfolio expanded by 800 million euros in the third quarter and by 2.3 billion in the nine-month period, topping a revised annual target of 2.0 billion euros. Likewise, net fee income rose 12% year-on-year in the nine-month period thanks to new loan originations and bancassurance.

Investors souring on ESG funds could pose a challenge to governments seeking to enlist them in the fight against climate change. In 2021, 40% of actively managed ESG funds beat their benchmarks, almost as well as conventional funds. In 2020, the actively managed ESG funds did even better; 57% of them beat their benchmarks, while only 43% of conventional funds did so. One active ESG fund that has suffered in the downturn is Parnassus Core Equity fund (PRBLX.O). It's possible that market trends will come to favour the portfolios of ESG funds in the coming months.

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