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☆ Global equity returns are disappearing as U.S. stock market rockets higher
▼ + stars: | 2024-11-19 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Global stocks have largely fallen as the U.S. has rallied, the result of a confluence of factors. The fund gauges how global stocks minus U.S. equities are performing, and it features names such as Taiwan Semiconductor , Tencent and Novo Nordisk . The broad market index was marginally higher on the day and has soared nearly 24% year to date. The dollar index has jumped more than 2% in November, and has climbed nearly 5% year to date. .DXY 3M line Dollar index The underperformance of global stocks might provide some temptation to dive in at a time when they appear undervalued.

Persons: hasn't, Donald Trump, Nick Colas, MSCI ACWI, Colas Organizations: White, DataTrek Research, ETF, Taiwan Semiconductor, Tencent, Novo Nordisk, ACWX Locations: U.S

☆ 'Highest return': Outperforming fund manager names the best ETFs to play India right now
▼ + stars: | 2024-06-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

"Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be. Against that backdrop, he named one ETF to play this small-cap corner of the market: the iShares MSCI India Small-Cap ETF . For investors who want to invest in large-cap stocks, he recommends the iShares MSCI India ETF . A third ETF that Jayaraman likes is the WisdomTree India Earnings Fund , which tracks an index that measures the performance of companies traded in India that are profitable. While both funds invest in emerging market stocks, the International Opportunities Fund also has stocks of companies in developed countries outside the United States.

Persons: Arjun Jayaraman, Jayaraman Organizations: CNBC, Markets Fund, International, Fund, U.S Locations: India, United States

☆ This stock is 'one of the cheapest ways' to play India's infrastructure boom, fund manager says
▼ + stars: | 2024-06-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Causeway Capital Management's Arjun Jayaraman is bullish on one pure-play infrastructure stock: REC , a company which issues loans to power utilities and to other infrastructure. "It is one of the cheapest ways to play infrastructure," the portfolio manager told CNBC Pro Talks last week. Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund . Though he called the Indian market a "very strong growth story," he said he would focus on its small- to mid-cap segment. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be.

Persons: Arjun Jayaraman, Jayaraman, Narendra Modi Organizations: Investments, CNBC, International, REC, Markets Fund, Fund Locations: India, bullish

☆ CNBC Pro Talks: Fund manager reveals how to invest after India’s election
▼ + stars: | 2024-06-19 | by ( ) www.cnbc.com time to read: +2 min

How do investors trade volatile Indian markets after the country's surprising election result? Jayaraman manages Causeway's Emerging Markets Fund and International Opportunities Fund. The portfolio manager would focus on the small- to mid-cap segment of the Indian market, he told CNBC Pro Talks on June 19. "Since India is a strong secular growth market, we would say the mid and small-cap [market] is the place to be. With many international investors not able to access Indian stocks easily, Jayaraman also named a few ETFs that he likes.

Persons: Arjun Jayaraman, Narendra Modi's, Jayaraman Organizations: Markets Fund, International, Fund, MSCI, CNBC, REC Locations: bullish, India, South Korea, Taiwan, U.S

☆ CNBC Pro Talks: Outperforming fund manager reveals how to invest after India's election
▼ + stars: | 2024-06-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

On Wednesday's Pro Talks , CNBC's Tanvir Gill will ask Jayaraman how to navigate investing in the country, as well as other emerging markets. The portfolio manager and head of quantitative research at Causeway manages its Emerging Markets Fund and International Opportunities Fund . Join CNBC Pro Talks on Wednesday, June 19, at 6:30 a.m. BST / 1:30 p.m. SGT / 1:30 a.m. Learn more from our previous Pro Talks: The market has 'completely missed' this 'critical' AI chip stock, says fund manager Move over Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip sales Will the AI spending boom pay off? One tech fund manager says it looks 'compelling' for some firms Related coverage from Pro: Looking for top alternatives to Nvidia?

Persons: It's, Narendra Modi, Arjun Jayaraman, CNBC's Tanvir Gill, Jayaraman, Tanvir Gill Organizations: India, Causeway, Markets Fund, International, Fund, MSCI, Big, Nvidia Locations: India

☆ These dividend stocks top Thornburg's list — and they are trading at a discount
▼ + stars: | 2024-05-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Investors searching for income can find some bargains in dividend stocks, according to Ben Kirby, co-head of investments at Thornburg Investment Management. Now investors have an added benefit in that dividend stocks are selling at a big discount, he said. When looking for the right dividend stock, Kirby wants companies offering solid balance sheets and free-cash-flow, as well as competitive advantages and sustainable profit margins. Here are some of the stocks Kirby owns in his funds and that he particularly likes right now. If the reductions continue, coupled with the stock's dividend yield, "that alone will drive a pretty competitive return," Kirby said.

Persons: Ben Kirby, Kirby, Jane Fraser, we're, Fraser Organizations: Thornburg Investment Management, Kirby, Depot, Citigroup, JPMorgan Chase, CNBC, Citi, Time Warner

☆ A lower-risk and cheaper way to bet on a second-quarter comeback in this emerging markets ETF
▼ + stars: | 2024-04-01 | by ( Michael Khouw | ) www.cnbc.com time to read: +4 min

The MSCI All Country World Index ETF (ACWI) hit an all-time high last week. ACWI 5Y mountain iShares MSCI ACWI ETF (ACWI) This index would appear to give investors diversified exposure to stock markets around the globe. It includes developing countries, unlike the MSCI World Index, which is tracked by the ETF 'URTH.' Consequently, the US stock market comprises almost 71% of the URTH ETF and nearly 64% of the ACWI ETF. This is illustrated by the MSCI Emerging Markets Index which can be traded with the iShares ETF, 'EEM.'

Persons: —, ACWI, Rob Reiner, Miracle Max, Billy Crystal, EEM Organizations: Trust Locations: URTH, U.S

☆ Women CEOs in this island-nation enjoy twice the pay of their male counterparts, lead globally on board representation
▼ + stars: | 2024-03-12 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: 1 min

In 2023, New Zealand had the strongest board representation with more than 40% of female CEOs, according to MSCI. New Zealand is showing the way for women participation in executive roles as well as compensation at a time when the rest of the world suffers from dismal female representation in leadership positions. Women CEOs in New Zealand earned an average salary of $5.9 million, more than twice their male counterparts with an average pay of $2.6 million. This Pacific Island nation had the strongest board representation with more than 40% of female CEOs, according to according to MSCI's latest report. Women held 19% of CFO roles.

Persons: MSCI's, — Organizations: New Zealand Locations: New Zealand, . New Zealand

☆ How a century-old investment firm with $288 billion in assets identifies the companies set to dominate much of the stock market's outperformance, according to one of its fund managers
▼ + stars: | 2024-02-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +8 min

It's also a short-sighted approach as far as Baillie Gifford, an investment management firm with $288 billion under management, is concerned. Advertisement"Our investment approach is bottom up," said Gemma Barkhuizen, an investment manager at the firm and one of the decision-makers on the Baillie Gifford Long Term Global Growth Fund. Another example is Nvidia, which is the largest holding within the long-term fund at 1.22%. A bottom-up, stock-picking strategyThe research framework that is the bedrock of the filtering process for the long-term fund looks at 10 key variables. What societal considerations are most likely to prove material to the long-term growth of the company?

Persons: —, It's, Baillie Gifford, Baillie Gifford's, Gemma Barkhuizen, Barkhuizen, Baillie, Roblox, that's, it's, aren't, isn't Organizations: Service, Business, PDD Holdings, Nvidia, Companies Locations: China

☆ 'Twice as cheap': These stocks' discount to the S&P 500 is double its average, Ritholtz’s Brown says
▼ + stars: | 2024-01-05 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Overseas stocks are significantly undervalued compared to the U.S. stock market and present an opportunity for investors in 2024, according to Ritholtz's Josh Brown. The fund had a total return of 20% in 2023, compared to 26% for the S & P 500. The MSCI index is currently priced at 12.8 times earnings, compared to the S & P 500's 20 times, according to Morningstar data. Yet Brown, who co-founded Ritholtz in 2011, believes overseas stocks could still outperform if central banks cut interest rates. Correction: This article has been updated to reflect that Ritholtz's Josh Brown said global stocks' discount to the S & P 500 is double its historic average.

Persons: Ritholtz's Josh Brown, Brown, CNBC's, ACWI, Josh Brown Organizations: Wealth Management, U.S, ETF, Morningstar Locations: Japan, Europe, U.S

☆ Italy's Leonardo to offer 6.3% stake in US subsidiary in share sale
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 15 (Reuters) - Italy's state-controlled defence and aerospace group Leonardo (LDOF.MI) on Wednesday said it would sell a 6.3% minority stake in its U.S. subsidiary Leonardo DRS (DRS.O) on the market. The 16.5 million shares in Leonardo DRS making up the stake are worth about $344.2 million, according to Reuters calculations based on their closing price on Wednesday. Proceeds from the sale will be used to increase financial flexibility to finance possible investments and acquisitions, Leonard said in its statement announcing the sale. Index provider MSCI (MSCI.N) on Tuesday added Milan-listed Leonardo to its widely-followed MSCI ACWI stock index. Last week, Leonardo posted rising core earnings, revenues and new orders and confirmed its full-year guidance.

Persons: Leonardo, Dado Ruvic, Leonard, Morgan Stanley, Morgan, Urvi, Tom Hogue Organizations: REUTERS, Leonardo DRS, DRS, BofA Securities, Thomson Locations: Milan, European, Bengaluru

☆ MSCI announces results of quarterly index review
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Thomas White/Illustration/File Photo Acquire Licensing RightsNov 14 (Reuters) - Index provider MSCI (MSCI.N) said on Tuesday that 46 securities will be added to and 69 deleted from its widely-followed MSCI ACWI stock index, while 14 will be added and two deleted from its frontier markets stock index. Changes will be implemented as of the market close on Nov. 30, MSCI announced in its quarterly index review. The three largest additions to the MSCI ACWI from developed markets will be Vertiv Holdings (VRT.N) and Celsius Holdings (CELH.O) from the United States, and Italy’s Leonardo (LDOF.MI). It will also add 16 and delete 25 securities from the MSCI China All Shares Index. The largest additions will be these same companies.

Persons: Thomas White, MSCI, Italy’s Leonardo, Rodrigo Campos, Chris Reese Organizations: Vertiv Holdings, Holdings, Tata Motors, Indonesia’s Amman Mineral, Frontier, Stock Commercial Bank, Oman International Development & Investment Company, Banque Marocaine pour, CGN, Co, Shanghai United Imaging Healthcare, Empyrean Technology, Thomson Locations: United States, Indonesia’s Amman, China, Vietnam, Oman, Banque Marocaine pour le, Shanghai

☆ Never before have just 10 stocks held this much sway over the global stock market
▼ + stars: | 2023-09-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The top 10 global stocks by market value have a greater hold than ever before on the capital markets, and that could be a bad thing, says Ned Davis Research. Ned Davis found that a heavy concentration in the years 2000 and 2021 was soon followed by a bear market. However, there was an exception in 2020, when the rise in a handful of stocks broadened out and supported a bull market. Ned Davis is watching for aggregate strength in key 50-day and 200-day indicators. However, stocks could fall into a bear market if the rally this year fails to expand to more sectors, the firm said.

Persons: Ned Davis, Tim Hayes, Hayes Organizations: Ned Davis Research, Microsoft, Nvidia, Tesla, Rally Watch

☆ This international stock picker is outpacing peers with differentiated, long-term bets
▼ + stars: | 2023-07-07 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

In 2019, it launched its International Fund. Today, the investor manages the Diamond Hill International Fund (DHIAX) , rated five stars by Morningstar. Mohanraj expects that's because of the fund's emphasis on differentiated bets. The Diamond Hill fund, which is benchmarked against the MSCI ACWI ex USA Index, has roughly $65 million in assets, a 1.150% expense ratio, and . "And it's that idea of a highly curated portfolio, of what I want to own in international, that's the mindset."

Persons: Krishna Mohanraj, Sanford C, Bernstein, that's, Mohanraj, Morningstar, DHIAX, What's, Dino, they've, Mario, V, Prem Watsa who's, Warren Buffett, Berkshire Hathaway, Warren Buffett's Organizations: Diamond Hill Capital Management, Diamond Hill, International Fund, i2 Technologies, Sanford, Dino Polska SA, Polska, Dino Polska, Nintendo, Mario Bros, Office, Fairfax Financial Locations: Diamond, South India, U.S, Warsaw, Poland, Japanese, Fairfax, Canadian, Canada, Berkshire

☆ This veteran investor's funds have been outperforming since 2006. Here are his top investing tips
▼ + stars: | 2023-06-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

Those are the qualities that outperforming portfolio manager Jordan Cvetanovski has looked for in stocks for the past nearly 20 years. Since its inception in 2022 to May 31, his Pella Global Generations Fund has delivered nearly 20%, outperforming its benchmark — the MSCI ACWI (the MSCI's flagship global stock index) — by 7%. As an investor, Cvetanovski, who is based in Sydney, Australia, said he invests only in his own 34-stock fund, the Pella Global Generations Fund. Investing 'won't be as simple as it was' Cvetanovski said his method of investing has stayed "exactly the same" through the years. Following sustainability criteria is one of Pella Global Generations Fund's objectives.

Persons: Jordan Cvetanovski, I've, …, Carmignac, Cvetanovski, IQVIA, there's, Tesla, EVs Organizations: CNBC Pro, Pengana International, Pengana Capital Group, Fund, Generations Fund, Pella Funds, 3i, Adobe, McLennan, Novo Nordisk, UnitedHealth Locations: Pella, Sydney, Australia, China, U.S, Europe

☆ These are Wall Street analysts' favorite global stocks for U.S. investors
▼ + stars: | 2023-03-05 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

Nearly 70% of analysts covering the stock rate it a buy, with the average price target implying upside of roughly 20%. The average price target on Legend Biotech implies upside of 56.6%. More than 81% of analysts covering the stock rate it a buy. Streaming company Joyy made the list as well, with nearly 80% of analysts covering the stock rating it as buy. The average price target on the stock implies upside of 44%.

☆ S&P 500 bumps up against bear-market trend line that has thwarted it in the past
▼ + stars: | 2023-01-23 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

Market confidence that the Fed is just about done - reinforced by the statistical trappings of a recession in waiting – is combining with an overall decent level of economic activity and companies trying to defend profit margins. Bond yields continue to retrace higher after a ferocious Treasury rally in recent months, which along with firmer oil and copper prices imply the global-growth tone is seen as steadier. A clear trend this year is the sharp outperformance of non-US stocks. Breadth is strong again, not quite a blast-off 90% upside day, but continuing a good run for the majority of stocks. VIX under 20, benign but hard to see it falling too much in the nine days before the Fed decision but we'll see.

Rather surprisingly, research firm Corporate Knights says the answer is Schnitzer Steel Industries (SCHN.O), a U.S. scrap steel recycler, which has knocked wind turbine maker Vestas Wind off the top spot. "Schnitzer Steel is the first steel company to top the Global 100," said Corporate Knights CEO Toby Heaps. "If one of the world's dirtiest sectors can produce the most sustainable company in the world, then there is no excuse for any company in any sector not to step up." In 2022, the Global 100 beat the ACWI on an annual returns basis by 2.8% though both were significantly down on 2021 at -15.6% and -18.4% respectively. Between 2013 and 2022, the Global 100 returned 145.1% compared to 115.4% for the MSCI ACWI.

☆ Did the market already show its hand in the first week of 2023? What we've learned so far
▼ + stars: | 2023-01-07 | by ( Michael Santoli | ) www.cnbc.com time to read: +9 min

Recall that at the start of last year, the popular bet was for a smooth and painless rotation from expensive growth stocks to financials and cyclicals. It didn't last: The S & P financial sector trounced utilities by seven percentage points in just the first week of 2022. Yet the Nasdaq 100 's premium to the overall S & P 500 remains at 25% — higher than at any point in the decade before the Covid pandemic hit. And the broader tape, as measured by the equal-weighted S & P 500, continues to act better than the top-heavy headline index. This egalitarian basket, buyable via the Invesco S & P 500 Equal Weight ETF (RSP) , is up 16% from the autumn low, is down less than 12% from its record high and has broken to a new cycle high against the traditional S & P 500.

This could change after negotiators at the U.N. nature summit in Montreal secured long-awaited formal support on Monday for a Global Biodiversity Framework to protect nature. Just 907.6 million euros are invested in Morningstar’s top 10 equity funds with biodiversity in their name. "We know the global economy and every company in it is negatively impacting biodiversity," said Tom Atkinson, portfolio manager at AXA Investment Managers, which has a 117 million euro Article 9 biodiversity impact fund. "At the moment we can only assess the negative impact (on biodiversity) of the companies in our portfolio, this is why more biodiversity funds don't exist and why regulation is arguably dragging." Three of the six largest biodiversity-named funds assessed by Reuters are overweight industrials versus the MSCI ACWI Index (USD).

☆ World stocks slip to near 2-yr low ahead of U.S. CPI data
▼ + stars: | 2022-10-13 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Global markets have suffered a torrid few weeks and there was little sign of respite in either Asia or Europe as weak equities knocked MSCI's 47-country world index (.MIWD00000PUS) down for a seventh straight day. It has fallen nearly 4.3% in the last six days, with markets worried that aggressive global interest rate hikes will trigger recessions. Data had already confirmed German harmonised inflation was +10.9% y/y in September but all eyes are on U.S. CPI data due at 1230 GMT. The dollar index, which gauges the greenback against six major rivals, barely budged from around 113.25 ahead of the CPI data. "Markets still feel very dysfunctional"Meanwhile, crude oil markets remained weak following a 2% slide on Wednesday amid worries over demand.

☆ U.S. stock market is taking hits, but we’re still doing better than the rest of the world
▼ + stars: | 2022-10-07 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

The U.S. stock market may be down 21% this year, but it's far better than most of the rest of the world. The U.S. stock market, which has been outperforming most other markets for a long time, is continuing to increase its market share of global equities. That 66%, Hartnett says, is an all-time high. Hartnett notes that Tesla's market cap, at roughly $750 billion, is now the same as the entire European banking sector. U.S. stock market: king of the hill (by market capitalization) U.S.: 60.3% Japan 5.4% China 4.1% UK 3.9% Canada 3.2% France 2.7% Switzerland 2.5% Australia 1.9% Germany 1.9% Taiwan 1.6% Other 12.2%

☆ Higher rates are leaving investors around the world with nowhere to hide
▼ + stars: | 2022-09-20 | by ( Michael Santoli | ) www.cnbc.com time to read: +3 min

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics. Once again, nothing happening now is incompatible with this being a prolonged, messy bottoming effort longer term. Are equities still "too expensive" with bond yields here, the 10-year neat 3.5%? The S & P index, maybe, at 16.5x, with some cross-asset models saying it should be one or two multiple points cheaper. VIX getting puffed up 24 hours ahead of the Fed decision, near 27, mechanical stuff.

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