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Companies Vanguard Group Inc FollowMarch 29 (Reuters) - New Zealand's financial markets regulator issued a warning to U.S. fund giant Vanguard Group on Wednesday for failing to disclose details within the required time over infringement notices filed against it in Australia for alleged greenwashing. These funds were also offered to New Zealand investors via a mutual recognition scheme but Vanguard missed the deadline by nearly two months to notify the Financial Markets Authority (FMA) about the action by ASIC, Australia's securities regulator, it said. "Vanguard Australia regrets our oversight in failing to comply with our notification obligations to the Financial Markets Authority of New Zealand," a spokesperson said in an emailed response. Vanguard failed to identify its obligations and did not have adequate processes in place to ensure that it filed the required notice within the required period, FMA said in a statement. Vanguard's breach, if not addressed, could harm the integrity of an agreement between Australia and New Zealand over market offerings, it added.

☆ Ukrainian pilots are calling the US Air Force for tips on using US-made missiles and bombs
▼ + stars: | 2023-03-13 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

Members of the US Air National Guard have been providing advice for using US-made weaponry. Despite US support, Ukraine's air force is still at a disadvantage against Russia's larger force. Ukraine's air force still faces a tough operating environment. A California Air National Guard officer discusses exercise Safe Skies with his Ukrainian counterparts in July 2011. Ukrainian Air Force via Twitter"We've just got them some precision munitions that have some extended range and go a little bit further than a gravity-dropped bomb," Hecker added.

☆ Exclusive: Shenzhen bourse taps intelligence tech firm as China battles capital market fraud
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +4 min

The Shenzhen Stock Exchange did not respond to Reuters' request for comment. EC Guard declined to be interviewed. The United States in 2019 placed EC Guard on its so-called entity list of companies that are subject to U.S. trade restrictions for reasons such as national security. Using that technology, EC Guard can identify relationships between users helping regulators identify potential illegal activity and also trace a company's ultimate shareholders to ensure they are legitimate owners, the person said. The Shanghai Stock Exchange, the country's largest bourse, stepped up its fight against fraud in December with a new generation of systems that supervise securities trading.

☆ Vanguard's head of rates reveals a 'good place to invest' right now
▼ + stars: | 2023-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVanguard's head of rates reveals a 'good place to invest' right nowVanguard's Head of Rates Roger Hallam says bonds look attractive and names his preferred areas to invest in the current market environment.

☆ GOP lawmakers vilify ESG moves at BlackRock, Vanguard but take their money nonetheless
▼ + stars: | 2023-02-21 | by ( Brian Schwartz | ) www.cnbc.com time to read: +9 min

But Republicans have vilified BlackRock, Vanguard Group and State Street for leading the push on Wall Street to promote clean energy and what GOP lawmakers often title "left-wing social priorities." Still, many Republican lawmakers received money from the very firms their party is criticizing. It was the third election cycle in a row that both lawmakers took donations from the firm's PAC. Rep. Ann Wagner, R-Mo., received $10,000 from BlackRock and a combined $6,500 from Vanguard and State Street in the 2022 cycle. Huizenga's spokesman Brian Patrick said the donations won't affect the lawmaker's position on ESG issues.

☆ Philippines, U.S. discuss joint coast guard patrols in South China Sea
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +2 min

MANILA, Feb 20 (Reuters) - The Philippines and the United States are discussing conducting joint coast guard patrols, including in the South China Sea, a Manila official said on Monday. Jay Tarriela, the Philippine Coast Guard's (PCG) spokesperson on South China Sea issues, told CNN Philippines that talks with the United States have advanced beyond the infancy stage and the likelihood of carrying out joint patrols is high. "There is also a possibility that it will be conducted in the South China Sea in support of the freedom of navigation of the United States government," he said. The Chinese Embassy in Manila did not immediately respond to a request for comment on the joint patrols. Philippine President Ferdinand Marcos Jr last week summoned China's ambassador to relay his concern over the frequency and intensity of China's actions in the South China Sea.

☆ Philippines, U.S. to hold biggest war games in years
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

MANILA, Feb 15 (Reuters) - The Philippines and the United States will this year carry out their biggest joint military drills since 2015, Manila's army chief said on Wednesday, against a backdrop of growing tensions with China in the South China Sea. President Marcos on Tuesday summoned China's ambassador to express "serious concern" over the intensity and frequency of China's activities in the South China Sea, most of which China claims as its territory. China's use of a laser against a Philippine vessel on Feb. 6, which its foreign ministry insists was legal, has sparked expressions of concerns and support from Australia, Japan, and the United States. The Philippines has granted Washington greater access to its military bases as part of the latter's efforts to deter China's increasing assertiveness in the South China Sea and tension over self-ruled Taiwan. In 2015, more than 11,000 troops from both countries participated in the joint military exercises.

☆ U.S. backs Philippines in laser dispute with China
▼ + stars: | 2023-02-14 | by ( ) www.reuters.com time to read: 1 min

Feb 13 (Reuters) - The United States on Monday said it stood with the Philippines after Manila accused China's coast guard of using a laser to try to disrupt a resupply mission to troops in the South China Sea. "The United States stands with our Philippine allies in the face of the People's Republic of China (PRC) Coast Guard's reported use of laser devices against the crew of a Philippine Coast Guard ship on February 6 in the South China Sea," State Department spokesperson Ned Price said in a statement. China's foreign ministry said its coast guard conducted actions according to the law. Reporting by Costas Pitas in Los Angeles; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

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☆ Forgotten parts of the market lead the way in 2023 as advisors wrestle with how to play the economy
▼ + stars: | 2023-02-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

Everyone here is amazed at how forgotten segments of the market have rebounded in 2023: international, growth, small cap and bonds. Advisors here are having a hard time wrapping their heads around the idea that there would be a recession ins 2023, and now maybe not. "With real wage growth, large payroll growth and earnings beating expectations it equals a soft landing at worst and maybe no recession near term." Most advisors here are coming to grips with Powell's insistence the Fed will not lower rates this year. Their Equal Weight S & P 500 ETF (RSP) has also attracted significant inflows from investors wary of market cap weighted indexes.

☆ Here's how to use active ETFs in your portfolio, according to Vanguard's CEO
▼ + stars: | 2023-02-07 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

Investment giant Vanguard has made its mark as a provider of low-cost, passive index funds and ETFs, but there is still a role for active management to play, the company's CEO said Tuesday. Vanguard CEO Tim Buckley said at the Exchange ETF Conference in Miami that the company has about 20% of its assets in active strategies, down from about 90% when he started at the company more than three decades ago. And if you have the risk appetite for active, it's going to play much more on the sideline," he added. Low management fees are still important in active strategies, because they can keep portfolio managers from taking unnecessary risks, Buckley said. One example of an active strategy that has paid off for Vanguard clients is the Vanguard Ultra-Short Bond ETF (VUSB) , which launched in April 2021.

☆ Philippines coast guard chief says boosts South China Sea presence
▼ + stars: | 2023-02-06 | by ( Karen Lema | ) www.reuters.com time to read: +3 min

"We're making sure that the presence of coast guard vessels is felt by the fishermen in the area," Admiral Artemio Abu, Commandant of the Philippines Coast Guard (PCG), said in an interview. "At a moment's notice, the coast guard vessels we will be there because they are exclusively and primarily dedicated for that purpose," said Abu. The 26,000-strong coast guard has 25 primary ships that can be used for deployment and patrols. Since 2002, the Philippines has filed 200 diplomatic notes and protests against China's actions in the South China Sea. The Pentagon also said separately the United States and the Philippines had "agreed to restart joint maritime patrols in the South China Sea to help address these challenges."

☆ Blackstone is stepping up evictions of hundreds of tenants across the US as a top exec vows 'cash-flow growth'
▼ + stars: | 2023-02-01 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

It's back to business as usual: An exec said he had confidence in the firm's "cash-flow growth." About one-fifth of those holdings are tied up in an investment vehicle known as the Blackstone Real Estate Investment Trust, or BREIT. Blackstone's real-estate portfolio is outperforming competitorsThe news of Blackstone's increasing eviction efforts came days after the company announced its fourth-quarter earnings. For example, what Blackstone calls its "opportunistic" real-estate portfolio appreciated by more than 7% during 2022 in one of the most challenging markets in recent memory. The firm's core real-estate portfolio gained more than 10% in value during 2022.

☆ A UK nuclear submarine had its broken bolts fixed with superglue, report says
▼ + stars: | 2023-02-01 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

The British Navy launched a probe after finding a " defect" in a nuclear submarine, The Sun reported. Broken bolts on HMS Vanguard's reactor chamber were glued on instead of replaced, the report said. A Royal Navy source told The Sun that the discovery was a "disgrace." Nuclear standards are never compromised." A spokesperson for both the Royal Navy and Babcock did not immediately respond to Insider's request for comment.

☆ Forget ChatGPT - an AI-driven investment fund powered by IBM's Watson supercomputer is quietly beating the market by nearly 100%
▼ + stars: | 2023-01-31 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

While the language bot ChatGPT has gone viral, a Watson-powered ETF is making nearly double the returns of the broader market. The AI Powered Equity ETF is up 10.4% in 2023, whereas the Vanguard Total Stock Market Index is up 5.67%. Issued by ETF Managers Group in partnership with the fintech firm Equbot, the fund leans on IBM's Watson supercomputer to balance its portfolio. That 114-holding portfolio is up 10.4% so far in 2023, while the Vanguard Total Stock Market ETF is up 5% over the same stretch. Chris Natividad, the chief investment officer of Equbot, said the Watson-powered fund can look beyond standard market data and cull information from tweets and earnings calls, according to ETF.com.

☆ Here's why investors should consider putting money in the market now as optimism climbs, according to Vanguard's head of investor research
▼ + stars: | 2023-01-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Investors should consider moving cash into the market right now, according to Vanguard's global head of investor research and policy. In her view, investors can capitalize on the current landscape by increasing their savings rate and leaning more into employer-sponsored retirement accounts. "Yes, there's been volatility, but the longer-term outlook [investors] have for the stock market is stable," Greig said. Investors have turned a bit less anxious about short-term stock returns, as of December 2022. There's some lower expectations for stock market returns in the short term, but we see pretty clear expectations and optimism for returns in the next 12 months, and even 10 years."

☆ Vanguard's global investment expert explains what traders are doing to kick off 2023 and how markets are reacting to the Federal Reserve's policy tightening.
▼ + stars: | 2023-01-28 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today, I'm sharing my conversation with Fiona Greig of Vanguard's Investment Strategy Group. Fiona Greig, global head of investor research and policy for Vanguard VanguardFiona Greig is the global head of investor research and policy for Vanguard's Investment Strategy Group. This suggests a "stay the course" posture, meaning yes there's been volatility, but the longer term outlook they have for the stock market is stable. There's some lower expectations for stock market returns in the short term, but we see pretty clear expectations and optimism for returns in the next 12 months, and even 10 years. The firm's strategists said these companies pay out a healthy dividend and can offset stock market losses in a slow-growth economic landscape.

☆ Ukraine's battlefield success surprised Russia, but US troops who trained Ukrainians saw it coming, National Guard chief says
▼ + stars: | 2023-01-27 | by ( Christopher Woody | ) www.businessinsider.com time to read: +6 min

Army National Guard Sgt. Anthony JonesUS National Guard units began rotating through Ukraine in 2015 to conduct training as part of the Joint Multinational Training Group-Ukraine. Army National Guard Staff Sgt. Ukrainian NCOs "were able to lead from the front at the lowest level of supervision. That's where our NCOs really are effective because the things that our commanders empower them to do," Whitehead added.

☆ A top investment chief explains why bonds offer an attractive hedge for a mild and brief recession in 2023
▼ + stars: | 2023-01-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

I'm senior reporter Phil Rosen, and below I'm sharing my conversation with Northwestern Mutual's chief investment officer, Brent Schutte. He sees the bond market as this year's best recession hedge. Phil Rosen: You said you're expecting a mild and brief recession this year. Brent Schutte: The good news is that the bond market has repriced, and the bond market is a hedge against that recession. BC: I do think earnings will come down this year, and cheaper equities give a margin of safety against that.

☆ A Russian ship that's been off the coast of Hawaii for weeks is believed to be gathering intelligence, the US Coast Guard says
▼ + stars: | 2023-01-19 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

The US Coast Guard said Wednesday it is monitoring a Russian ship near Hawaii. The Coast Guard said the ship is believed to be gathering intelligence. "The Coast Guard operates in accordance with international laws of the sea to ensure all nations can do the same without fear or contest. The Coast Guard said it was coordinating with the Department of Defense to provide updates on the movement of the foreign ships. In May, the US Indo-Pacific Command said it was monitoring a Russian vessel near Hawaii.

☆ Gen Z workers want to retire before 60—here’s how much they need to save each month to get to $2 million
▼ + stars: | 2023-01-18 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

Gen Zers, defined as Americans between 18 and 25, aim to retire by 59 on average, according to Northwestern Mutual's 2022 Planning and Progress study. Millennials, defined as those between 26 and 41, intend to retire by 61 on average. On average, American workers think they'll need $1.7 million to retire comfortably, according to Charles Schwab's most recent study, but that varies by generation. Gen Zers and millennials believe they'll need to put away $1.4 million and $1.8 million, respectively. However, a shorter time in the workforce means you'll need to put more money into your retirement savings to meet your financial goals.

☆ Rune ready to rock the boat at Australian Open
▼ + stars: | 2023-01-15 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 15 (Reuters) - Holger Rune heads into the Australian Open as the last man to beat favourite Novak Djokovic and the Danish teenager is ready to take the fight to the established order at the year's first Grand Slam, which starts on Monday. "It was a crazy match," Rune, who has surged up the world rankings to 10th spot, told reporters. "I still have a lot I want to achieve and I'm super excited to go for it." I'm not afraid," Rune said. "I'm just going to go out there and play my tennis but now it's just the first match I have to focus on.

☆ Sam Bankman-Fried is now writing his own newsletter while under house arrest at his parents' $4 million property: 'I didn't steal funds'
▼ + stars: | 2023-01-13 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Presumably writing from his parents' $4 million property in Palo Alto, California near Stanford, Sam Bankman-Fried published a lengthy newsletter yesterday, titled "FTX Pre-Mortem Overview." One statement stood out to me: "I didn't steal funds, and I certainly didn't stash billions away." In the note, Bankman-Fried highlighted that both FTX and Alameda Research were raking in billions in profits in 2021. A key to the collapse, he explained, was 2022's crypto bear market that left just about every token worth dramatically less than the year prior. Well, Bankman-Fried yesterday outlined two versions of the hedge fund's balance sheet, one from each of the past two years.

☆ Djokovic seeks normal service at Australian Open to match Nadal
▼ + stars: | 2023-01-13 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

[1/2] Jan 12, 2023; Melbourne, Victoria, Australia; Novak Djokovic of Serbia hits a backhand during a practice session on Rod Laver Arena with his coach Goran Ivanisevic at Melbourne Park. Mandatory Credit: Mike Frey-USA TODAY SportsMELBOURNE, Jan 13 (Reuters) - Novak Djokovic resumes his Grand Slam title race with Rafa Nadal next week at the Australian Open, returning to what was his happiest hunting ground before the ugly controversy which led to his absence last year. While Roland Garros has been Nadal's domain for nearly two decades, Melbourne Park is almost as much for Djokovic, with the world number five capturing nine titles and holding an 82-6 record since 2007. Djokovic has also proven to be unbeatable in Australian Open semi-finals and finals with 9-0 records in both, making him the automatic favourite anytime he enjoys a deep run. The injury withdrawal of world number one and U.S. Open champion Carlos Alcaraz robbed the year's first Grand Slam of a genuine title contender.

It said 80% of its close to $8 trillion in assets are in its index funds, which primarily attract retail investors. Vanguard's biggest competitors, BlackRock Inc (BLK.N) and State Street Corp's (STT.N) asset-management arm, rely more on institutional investors including pension funds and foundations. Many retail investors are also interested in matters like climate change, but prioritize them less in building retirement portfolios, said Rosenbluth and other industry analysts. A FINRA Investor Education Foundation study of retail investors last March found only 9% of respondents held ESG investments. A big factor behind this gap is retail investors' lack of familiarity or knowledge about ESG products, the study found.

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