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☆ Trump family gets 75% of crypto coin revenue, has no liability, new document reveals
▼ + stars: | 2024-10-17 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Donald Trump's crypto project, World Liberty Financial, published a 13-page document on Thursday, describing its mission, how tokens can be allocated, and indicating that the Republican presidential nominee and his family could take home 75% of net revenue. The paper released on Thursday shows that Trump and his family assume no liability. Folkman previously had a company called Date Hotter Girls and reportedly helped develop crypto project Dough Finance. Folkman previously said just 20% of WLF's tokens would be allotted to the founding team, which includes the Trump family. The paper calls Trump the "chief crypto advocate."

Persons: Donald Trump, Donald Trump's, WLF, Trump, Kamala Harris, Chase Herro, Zachary Folkman, Folkman, Herro, Steve Witkoff, Zachary, Crypto Organizations: Liberty, Republican, Trump, who's, DEFI, Management, Finance, AMG, Fi Locations: Nashville , Tennessee, U.S, Delaware, Puerto Rico

☆ These funds aim to multiply the market's dividend yield. How they stack up to competitors
▼ + stars: | 2024-09-24 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The funds target distributions equal to six times the dividend payouts on the Nasdaq-100 Index and four times the S & P 500 dividend, respectively. The idea behind the Pacer funds is that the funds will capture more of that upside during market rallies, according to Sean O'Hara, president at Pacer ETF Distributors. The QDPL's website currently shows a distribution yield of 5.79%, or more than four-times the roughly 1.3% dividend yield on the S & P 500, according to YCharts.com. The dividend futures could also see bigger gains if more companies in the index decide to start paying dividends. To be sure, the dividend futures contracts could also decrease in value during times of economic stress.

Persons: Sean O'Hara, O'Hara, QDPL, Dow, Apple Organizations: Nasdaq, —, ETF Distributors, Schwab, Equity, Dow Jones, CME Group, Pacer, SEC, Microsoft

☆ Value stocks are fueling the small-cap rebound, and these ETFs are outperforming
▼ + stars: | 2024-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

This month's market rotation into small caps is being led by a rebound in cheap stocks. According to FactSet, three of the top five small-cap exchange-traded funds in July are explicitly focused on value, including the iShares US Small Cap Value Factor ETF (SVAL) . That fund was up 11.4% for the month through Wednesday, compared to 7.4% for the broader iShares Russell 2000 ETF (IWM) . Investors can account for profitability by looking for stocks with lower price-to-earnings ratios, one of the metrics captured by many value funds. Screening for value stocks can sometimes miss areas of trouble in the market.

Persons: FactSet, ProShares Russell, Sean O'Hara, O'Hara, Todd Sohn, Sohn Organizations: Growers, Companies

☆ McDonald’s $5 value meal is staying on menus for a little while longer
▼ + stars: | 2024-07-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Nearly all McDonald’s US locations will continue to sell the “$5 Meal Deal” after people flocked to the promotion amid rising food prices. Since its launch in June, the limited time offering is “resonating with our millions of customers,” and the company claimed the move was siphoning off business from its competition, according to an internal McDonald’s memo obtained by CNN. McDonald’s launched the “$5 Meal Deal” in late June intended to be for one month only. The meal includes a McDouble cheeseburger or a McChicken sandwich, small french fries, four-piece Chicken McNuggets and a small soft drink. Diners are not going out to eat as often and spending less when they do, causing fast food sales to slow and restaurant traffic to dip.

Persons: McDonald’s, wasn’t, ”, Taco, Burger Organizations: New, New York CNN, CNN, ” Starbucks, Taco Bell Locations: New York

☆ Looking for dividend stocks? Here are Morgan Stanley's top Asia picks for the quarter
▼ + stars: | 2024-07-11 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

The uncertainty has led Morgan Stanley to reiterate its recommendation to buy dividend stocks. The investment bank noted that the MSCI Asia Pacific ex-Japan High Dividend Index has slightly underperformed the MSCI Asia Pacific ex-Japan index in the second quarter of the year, albeit by only 0.34 percentage points. "We still prefer Dividend stocks given cautious risk sentiment in Asia/EM and see support in valuations for quality dividend stocks due to their defensiveness. Investor appetite on corporate reform and shareholder return theme in Asia/EM also remain high, which are likely to benefit dividend stocks." The company provides distillery services and Morgan Stanley sees it benefitting from "improving demand for high-end products and mid-market brands."

Persons: Morgan Stanley, Morgan, Wuliangye, — CNBC's Michael Bloom Organizations: Asia, UST, U.S . Treasury, Wuliangye Yibin Company, China's Shenzhen Stock Exchange, FTSE, G, Won, Korea Exchange, American Locations: Japan, Asia, Pacific, China, FTSE China, Korean, U.S

☆ An even better way to play a potential small-cap stock breakout, according to the charts
▼ + stars: | 2024-03-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +5 min

Is the breakout from resistance likely and should you consider allocating exposure to this basket of 2000 small capitalization stocks? I think the breakout should occur, but I don't think we should increase exposure to the Russell 2000 for two reasons. Ideally the rotation was going to carry through into the upper-right green quadrant indicating confirmed outperformance relative to the S & P 500. I'm not saying we shun small caps all together and continue to focus on the large caps. We need to focus on fundamentally sound small cap companies and we can do so through the Pacer US Small Cap Cash Cows 100 ETF (CALF) .

Persons: Russell, Powell, Gordon, POWL Organizations: Federal Reserve, Powell Industries, Edge, Inside Edge Capital Management

☆ Chinese stocks are 'a risk worth taking,' asset manager says — naming 2 he likes
▼ + stars: | 2024-03-14 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

There may be a lot of caution with investing in Chinese stocks — but asset manager Jason Hsu sees opportunities to play the market. "Chinese stocks are trading at the cheapest they've ever been. The Chinese economy and stock market have been dogged by declining foreign investments and a prolonged property market slump. Hsu suggests that investors allocate around 7% to 8% of their portfolio to Chinese stocks. 'A great growth story' When it comes to the Chinese market, Hsu views state-owned food and beverage company Kweichow Moutai as good short-term play.

Persons: Jason Hsu, Hsu, Moutai, Warren Buffett, Tesla, BYD Organizations: Rayliant Global Advisors, CNBC Pro, Shanghai, Shanghai Stock Exchange, FTSE, China Consumer, Toyota, U.S, Ferrari, Hong Kong Locations: China, Japan, FTSE China, U.S, Europe, Hong Kong and New York

☆ Will there be a recession in 2024? For bottom up investors, it may not matter
▼ + stars: | 2023-12-30 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +4 min

After several years of big swings in the market and the U.S. economy, investors may want to buckle down and focus on individual stocks rather than make bold predictions about 2024. A resilient economy in 2023 proved widespread projections of an imminent recession wrong, and the economic consensus is murkier heading into the new year. That scenario of an economy exiting a recession seems far away as the calendar turns to 2024 with the U.S. labor market still growing. And quality stocks showed in 2023 that they can have solid performance even if growth is what leads the market. Shifting to high quality stocks can give investors a measure of defense in their portfolio without piling into cash.

Persons: Tony DeSpirito, DeSpirito, Seder, George Mateyo Organizations: Wall, BlackRock, CNBC, Key Private Bank Locations: U.S

☆ The ETF flowdown: 2023 is back on pace to be a solid year
▼ + stars: | 2023-12-15 | by ( Kirsten Chang | ) www.cnbc.com time to read: +4 min

watch nowDespite a sluggish start to the year, a record number of product launches and a red-hot November have put 2023 back on pace to be a solid year for ETFs. Roughly $1 trillion has gone into money market funds this year, but some are questioning whether the solid year-end stock rally will attract some of those flows back into equities. "You saw that enormous cash pileup going into money markets, and ETF flows were muted. "We talked about the money market funds," he said. He pointed to strong inflows into high-yield ETFs such as the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and SPDR Bloomberg High Yield Bond ETF (JNK) and SPDR Bloomberg Short Term High Yield Bond ETF (SJNK) — along with dividend ETFs such as the Pacer U.S. Cash Cows 100 ETF (COWZ).

Persons: Ben Slavin, BNY Mellon, CNBC's, Andrew McOrmond, McOrmond, it'll, SPDR, Slavin Organizations: BNY, WallachBeth, SPDR Bloomberg, Pacer, Cash, Tech, RSP Locations: outflows

☆ Babar Azam steps down as Pakistan captain after World Cup exit
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

Nov 15 (Reuters) - Babar Azam stepped down as Pakistan's cricket captain on Wednesday, days after a group stage exit from the World Cup. Azam captained Pakistan in all three formats starting October 2019, and led them to number one in ICC One Day International (ODI) rankings for the first time in May. Pakistan slid from the spot after finishing fourth in Asia Cup and fifth in the World Cup. Batsman Shan Masood has been announced by the PCB as the new test captain while pacer Shaheen Afridi will be the T20 captain. Azam is ranked by ICC as a top five batsman in all three formats, and is Pakistan's most successful captain in T20 Internationals with 42 wins.

Persons: Babar Azam, Azam, Morne Morkel, Babar, Shan Masood, Shaheen Afridi, Chiranjit, Christian Radnedge Organizations: ICC, Asia, Pakistan Cricket Board, Thomson Locations: Pakistan, Bengaluru

☆ Rain threat adds element of unknown to NZ's semi-final bid
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - A forecast for rain has added an unknown element to New Zealand's final World Cup group stage match against Sri Lanka in Chennai on Thursday, captain Kane Williamson said. There's been a lot of weather around and it could look different tomorrow," said Williamson. "I think if we look at the cricket on a whole, there has been a lot of good cricket. New Zealand similarly struggled to make the semis in 2019 but were able to turn things around and reach the final. Williamson added that pacer Lockie Ferguson's return after missing two matches due to injury would depend on pitch conditions.

Persons: Kane Williamson, There's, Williamson, Chiranjit, Peter Rutherford Organizations: Sri, Zealand, Thomson Locations: Sri Lanka, Chennai, New Zealand, Pakistan, Afghanistan, India, Zealand, Bengaluru

☆ Small cap stocks are getting crushed, but this ETF is bucking the trend
▼ + stars: | 2023-11-02 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Small cap stocks have been left in the dust by this year's megacap tech rally, but at least one ETF of smaller companies is holding its own. Bank of America ETF strategist Jared Woodard said in a note to clients Tuesday that there is one small cap ETF in particular that "cuts out the junk" and is outperforming its benchmark. The Pacer US Small Cap Cash Cows 100 ETF (CALF) owns companies with high free cash flow, a key measure of quality," Woodard said. The CALF ETF works by identifying the 100 stocks in the S & P Small Cap 600 index with the highest free cash flow yield. CALF YTD mountain The CALF ETF has outperformed larger small cap funds this year.

Persons: Jared Woodard, Woodard, Russell, — CNBC's Michael Bloom Organizations: Bank of America, American Eagle Outfitters, Wire, Vanguard, Nvidia

☆ Pakistan stay alive in semi-final race, Bangladesh eliminated
▼ + stars: | 2023-10-31 | by ( ) www.reuters.com time to read: +3 min

KOLKATA, India, Oct 31 (Reuters) - Former champions Pakistan kept alive their slender chances of making the semi-finals of the 50-over World Cup with a comprehensive seven-wicket victory against Bangladesh, who were eliminated from the tournament on Tuesday. Babar Azam's men moved into fifth place after their third win in seven matches, while Bangladesh became the first team to drop out of contention. "We are trying to force things but it isn't working," Bangladesh captain Shakib Al Hasan said after their sixth defeat in seven matches. Bradburn must have been pleased as the pace trio of Shaheen Afridi, Mohammad Wasim and Haris Rauf collectively claimed eight of the 10 Bangladesh wickets in the match. "We are trying to win our remaining matches and see where we stand," Babar said of their semi-final hopes.

Persons: Fakhar Zaman, Abdullah Shafique, Babar Azam's, Shakib Al Hasan, Grant Bradburn, Shaheen Afridi, Mohammad Wasim, Haris Rauf, Afridi, Tanzid Hasan, Najmul Hossain Shanto, Rauf, Mushfiqur Rahim, Litton Das, Mahmudullah, Shakib, Wasim, Haq, Fakhar, Abdullah, Taskin Ahmed, Mehidy Hasan Miraz, Babar, Amlan Chakraborty, Pritha Sarkar Organizations: Pakistan, Bangladesh, Eden Gardens, Litton, Thomson Locations: KOLKATA, India, Bangladesh, Eden, Pakistan's, Pakistan, Afridi's, New Delhi

☆ What parents need to know about relational aggression in a post-Covid world
▼ + stars: | 2023-10-30 | by ( Analysis Dr. Katie Hurley | ) edition.cnn.com time to read: +8 min

Relational aggression among teens isn’t anything new, but it can be especially hideous when it plays out alongside cyberbullying. Relational aggression among minors is complexCancel culture trickled down to teens, tweens and even younger children, and the combination of cyberbullying and social isolation in school can be swift. Protective factors are essentialTeens need sources of support and understanding when they’re dealing with relational aggression and cyberbullying, and this is where protective factors become important. • Research the reporting options at your teen’s school in case your teen decides to seek help on campus. What’s difficult about relational aggression is that it’s often subtle and under the radar of adults working in teen spaces.

Persons: Katie Hurley, “, Strong, tweens, It’s Organizations: Jed, CNN, cyberbullying, PACER’s, Prevention, Pew Research Center, National Institute of Mental Health, • Locations: Covid

☆ Federal Judge Reinstates Gag Order on Trump in Election Case
▼ + stars: | 2023-10-29 | by ( Alan Feuer | More About Alan Feuer | ) www.nytimes.com time to read: +1 min

A federal judge reinstated a gag order on former President Donald J. Trump on Sunday that had been temporarily placed on hold nine days earlier, reimposing restrictions on what Mr. Trump can say about witnesses and prosecutors in the case in which he stands accused of seeking to overturn the 2020 election. In making her decision, the judge, Tanya S. Chutkan, also denied a request by Mr. Trump’s lawyers to freeze the gag order for what could have been a considerably longer period, saying it can remain in effect as a federal appeals court in Washington reviews it. Judge Chutkan’s ruling about the order was posted publicly on PACER, the federal court database, late on Sunday, but her detailed order explaining her reasoning was not immediately available because of what appeared to be a glitch in the computer system. The dispute about the gag order, which was initially put in place on Oct. 16 after several rounds of court filings and a hard-fought hearing in Federal District Court in Washington, has for weeks pitted two significant legal arguments against each other.

Persons: Donald J, Trump, Tanya S, Chutkan’s Organizations: PACER, Federal, Court Locations: Washington

☆ The S&P 500 just hit a key level. That could trigger a big shift in this $2 billion ETF
▼ + stars: | 2023-10-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

On Friday, the S & P 500 closed below its 200-day moving average for the first time since March 17. If the total-return version of the index closes below that level for five straight days, then the $2 billion Pacer Trendpilot US Large Cap ETF (PTLC) will automatically sell some of its all-stock portfolio to shift to a 50-50 split between equities and Treasury bills. And if the 200-day moving average itself then starts to fall, the fund will go to 100% T-bills. Still, the fund's rule tied to the 200-day moving average is an example of how the move of a stock or index across a widely-followed indicator can cause volatility. Year to date, the fund is up just under 5% — well below the gain of more than 11% for the SPDR S & P 500 ETF Trust (SPY) .

Persons: rebalance, Sean O'Hara, O'Hara Organizations: Trust, ETF Distributors, Pacer, Nasdaq Locations: technologystocks

☆ Carse to replace injured Topley as England aim for World Cup turnaround
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

England's Brydon Carse in action in September 2023. Action Images via Reuters/Jason Cairnduff/File Photo Acquire Licensing RightsOct 23 (Reuters) - Pacer Brydon Carse will replace injured Reece Topley in England's World Cup squad, the ICC announced on Monday. England coach Matthew Mott said they still stood a chance to make a comeback. The England players were down in confidence after the losses but needed support from the management, Mott added. You don’t lose that, but you can lose your confidence,” he said.

Persons: England's Brydon Carse, Jason Cairnduff, Brydon, Reece Topley, Topley, Matthew Mott, we’re, Mott, ”, Chiranjit, Muralikumar Organizations: ICC, Ireland, England, Sri, Thomson Locations: South Africa, Mumbai, Bengaluru, Sri Lanka

☆ Top order fire Afghanistan to famous win against Pakistan
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +3 min

It was Afghanistan's first ODI victory against Pakistan in eight attempts and the outcome leaves defending champions England at the bottom of the points table. "This win tastes nice," a beaming Shahidi said after their second victory in five matches. Teenage spinner Noor Ahmad (3-49) dismissed Abdullah Shafique (58) and Mohammad Rizwan (eight) in his successive overs in his memorable World Cup debut. Shaheen Afridi returned to break the burgeoning stand, dismissing Gurbaz, but Zadran and Rahmat Shah, who made 77 not out, continued the good work. Hasan Ali ended Zadran's gallant knock but Shah and Shahidi milked the Pakistan attack with consummate ease during their unbroken 96-run stand to seal a memorable victory over their neighbours.

Persons: Afghanistan's Ibrahim Zadran, Samuel Rajkumar, Hashmatullah Shahidi, Babar Azam, Abdullah Shafique, Shahidi, Babar, Haq, Noor Ahmad, Mohammad Rizwan, Noor, Iftikhar Ahmed, Shadab Khan, Iftikhar clobbered, Shadab, Rahmanullah Gurbaz, Ibrahim Zadran, Shaheen Afridi, Gurbaz, Rahmat Shah, Hasan Ali, Amlan Chakraborty, Ken Ferris Organizations: Cricket, ICC Cricket, Chidambaram, REUTERS, Rights, Pakistan, England, Thomson Locations: Pakistan, Afghanistan, Chennai, India, Rights CHENNAI, New Delhi

☆ International and small cap stocks face a delayed recovery. Here are two cash cow ETFs to ride out the volatility
▼ + stars: | 2023-09-24 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The higher-for-longer rate path outlined by the Federal Reserve this past week could mean a delayed recovery for small caps and international stocks. Small cap and international stocks are sorely lagging this year. While the S & P 500 remains higher on the year by more than 12%, the S & P Small Cap 600 is down 1%. "Should we see a turnaround in small and international stocks, then these would likely benefit, but also hold up better if that recovery is delayed," Stovall said. He added, "In a sense you're holding the bluest of blue-chip stocks on a global basis, or the strongest of small cap stocks."

Persons: Sam Stovall, Stovall Organizations: Federal, Pacer

☆ Pathirana comes up trumps for Sri Lanka at Asia Cup
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

Sept 1 (Reuters) - Mahendra Singh Dhoni is known to have a keen eye for talent and the match-winning display by Sri Lanka pacer Matheesha Pathirana against Bangladesh at the Asia Cup on Thursday shows the former India captain's reputation is well earned. His Chennai Super Kings (CSK) captain Dhoni predicted in May the 20-year-old would prove a "great asset" for Sri Lanka provided he was used sparingly and only in key white-ball tournaments. Vindicating his Chennai captain, Pathirana claimed a career-best 4-32 to rout Bangladesh and set up Sri Lanka's five-wicket victory with 11 overs to spare at Pallekele. "I think this performance has been coming for a while now," Sri Lanka coach Chris Silverwood told reporters. "Easy to see why Sri Lanka Cricket, CSK and MS Dhoni are valuing Matheesha Pathirana so highly," former West Indies bowler Ian Bishop wrote on X, the social platform formerly known as Twitter.

Persons: Mahendra Singh Dhoni, Pathirana, Lasith Malinga, Dhoni, Chris Silverwood, He's, Shakib Al Hasan, Mushfiqur Rahim, Taskin Ahmed, Mustafizur Rahman, Ian Bishop, Amlan Chakraborty, Peter Rutherford Organizations: Sri Lanka, Asia, Chennai, IPL, World, Sri Lanka Cricket, Thomson Locations: Bangladesh, India, Sri Lanka, Chennai, West Indies, New Delhi

☆ Pakistan pacer Riaz announces international retirement
▼ + stars: | 2023-08-16 | by ( ) www.reuters.com time to read: +1 min

Cricket - ICC Cricket World Cup - Pakistan v Bangladesh - Lord's, London, Britain - July 5, 2019 Pakistan's Wahab Riaz looks dejected after being bowled out by Bangladesh's Mohammad Saifuddin Action Images via Reuters/Paul Childs/File Photo Acquire Licensing RightsAug 16 (Reuters) - Pakistan's Wahab Riaz has retired from international cricket, drawing the curtain on a 15-year career, the left-arm fast bowler announced on Wednesday. Wahab, who made his debut in 2008, has 83 wickets in 27 tests, 120 wickets in 91 one-day internationals and 34 wickets in 36 Twenty20s. The 38-year-old said he will continue to play franchise cricket. "It has been an honour and a privilege to represent Pakistan on the international stage. Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Pakistan's Wahab Riaz, Bangladesh's Mohammad, Paul Childs, Wahab, Riaz, Pearl Josephine Nazare, Muralikumar Organizations: Cricket, ICC Cricket, Pakistan, Thomson Locations: Pakistan, Bangladesh, London, Britain, Bengaluru

☆ 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

☆ This cash cows ETF is hitting record highs. These stocks are driving it
▼ + stars: | 2023-08-10 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

A popular ETF focused on cash flow is finding its footing again after lagging the broader market in the first half of 2023. The Pacer U.S. Cash Cows ETF (COWZ) has set several recent highs over the past two weeks, including closing at a record $51.49 per share on Wednesday. The index consists of Russell 1000 stocks with the best free cash flow yield. "The rebalance every 90 day is sort of the key because it keeps the focus on the most current free cash flow yield, and the names with the highest free cash flow yield. "When you focus on high free cash flow yield names, you actually end up owning companies who grow their earnings faster than their index," he added.

Persons: COWZ, Russell, Sean O'Hara, Morningstar, O'Hara Organizations: The Pacer U.S, Cash, Nasdaq, Energy, Chevron, Booking Holdings

☆ Goldman says small-cap stocks should rise 14% over the next 12 months. The ETFs to capture that return
▼ + stars: | 2023-06-28 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Portfolio strategist Lily Calcagnini said in a note to clients that the firm's models show the Russell 2000 small-cap index should outperform over the next 12 months. "The Russell 2000 should rise by 14% during the next 12 months, according to a simple model based on US economic growth and starting valuations that has explained roughly two-thirds of Russell 2000 returns between 1995 and 2015," the note said. There are many ETFs that offer investors exposure to the small-cap space, including several large index funds with low fees. The iShares Core S & P Small-Cap ETF (IJR) is the largest small-cap ETF with more than $67 billion and an expense ratio of 0.06%. While the broad index funds above have all returned less than 10% this year, some active funds have seen better results.

Persons: Goldman Sachs, Lily Calcagnini, Russell, Goldman, Dow Jones, Janus Henderson, — CNBC's Michael Bloom Organizations: BlackRock, Vanguard, Schwab U.S, Dow, Growth Alpha, Pacer

☆ Want to Run a World-Record Time? Follow the Green Lights.
▼ + stars: | 2023-06-23 | by ( Ben Bloom | ) www.nytimes.com time to read: +1 min

Jakob Ingebrigtsen was ready to become a Pac-Man when he stepped on the track in early June. (The distance is not considered world-record eligible because it is not an official World Athletics distance.) Incredibly, it was one of three records set on that balmy summer evening at the Paris Diamond League meet. Faith Kipyegon of Kenya set a world record in the 5,000 meters just a week after setting the 1,500-meter world record, and Lamecha Girma of Ethiopia broke the world record in the 3,000-meter steeplechase. Bram Som, Wavelight’s co-creator and operational director, was a successful pacer himself after a career as a professional runner.

Persons: Jakob Ingebrigtsen, Ingebrigtsen, Faith Kipyegon, Wavelights, Roger Bannister, Bram Som, Wavelight’s Organizations: Paris Diamond League Locations: Norwegian, Kenya, Ethiopia

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