格隆汇4月2日｜据一封致股东的信函显示，KKR旗下非上市商业发展公司KKR FS Income Trust在赎回请求激增后限制了赎回。这支名为K-FIT的基金在2026年第一季度收到了约占已发行股份6.3%的赎回请求，根据周二发布的信函，该基金计划满足其中约80%的请求。另一方面，KKR FS Income Trust Select回购了股东要求赎回的全部约3.7%的份额，本季度新认购资金流入超过...
格隆汇4月2日｜据一封致股东的信函显示，KKR旗下非上市商业发展公司KKR FS Income Trust在赎回请求激增后限制了赎回。这支名为K-FIT的基金在2026年第一季度收到了约占已发行股份6.3%的赎回请求，根据周二发布的信函，该基金计划满足其中约80%的请求。另一方面，KKR FS Income Trust Select回购了股东要求赎回的全部约3.7%的份额，本季度新认购资金流入超过了投资者的赎回请求。截至2月28日，K-FITS的年化净收益率为9.82%，其中约71%的投资组合配置于美国直接贷款，25%配置于资产抵押贷款，其余配置于交易信贷。
格隆汇4月2日｜AT Global Markets表示，在特朗普发表演说后，美元应该会走低，股市也将面临更大的下行空间。AT Global Markets驻悉尼首席市场分析师Nick Twidale表示，市场渴望了解冲突何时结束的明确情况，但这次演讲只会增加更多的不确定性。他表示，投资者显然并不买账，今天全球市场可能还会进一步下跌。
格隆汇4月2日｜AT Global Markets表示，在特朗普发表演说后，美元应该会走低，股市也将面临更大的下行空间。AT Global Markets驻悉尼首席市场分析师Nick Twidale表示，市场渴望了解冲突何时结束的明确情况，但这次演讲只会增加更多的不确定性。他表示，投资者显然并不买账，今天全球市场可能还会进一步下跌。
baona/iStock via Getty Images By Elior Manier USD/JPY is one of the most reactive pairs to broader geopolitical movements and technical patterns, remaining one of the most favored major currency pairs in FX trading. But in recent years, it has certainly played tricks on traders. Tending to move lower on rate cuts, the irregular FOMC cycle hasn't seen typical responses in the pair. After all, even ...
baona/iStock via Getty Images By Elior Manier USD/JPY is one of the most reactive pairs to broader geopolitical movements and technical patterns, remaining one of the most favored major currency pairs in FX trading. But in recent years, it has certainly played tricks on traders. Tending to move lower on rate cuts, the irregular FOMC cycle hasn't seen typical responses in the pair. After all, even the Bank of Japan is going through its own irregular hike cycle to levels not seen in 18 years. The yen is also a favored safe-haven currency in periods of turmoil. While the US dollar also plays a similar role, this time the Japanese currency could not even withstand the pressure: during the US-Iran conflict, Japan spiked to April 2024 highs (~160.47). Japan is a major importer of energy commodities, with close to 95% of its demand reliant on Middle Eastern exports. Despite having the largest emergency oil reserves among OECD nations, the country still faces immense pressure due to the lack of movement in the infamous Strait of Hormuz. Japan's Major Energy Partners – Source: EIA Due to this elevated dependency, JPY's pre-existing weakness quickly magnified as Japan's main hedgers and importers faced physical barriers to meeting their high demand – having to convert to the US dollar to purchase oil commodities, the rise in USD/JPY was nothing short of a self-fulfilling prophecy. So what about now? With the war priced to come to an end in the next few weeks, a narrative once again confirmed by President Trump in his many addresses, the US dollar is itself finding heavy selling pressure, with the Dollar Index forming a major double top ; the Japanese yen could be a major gainer from such a pattern. USD/JPY and WTI Correlation. April 1, 2026 – Source: TradingView Despite Japan’s core inflation slightly easing, price pressures from war put the BoJ on center stage for an imminent hike. The issue is that things won't be so easy. With recent Bank of Japan uncertainty, including tw...
PK24/E+ via Getty Images Global manufacturers reported the steepest price rises and supply delays since 2022 on the outbreak of the war in the Middle East, with factories also building safety stocks amid a near-record spike in business uncertainty. Manufacturing prices spike amid energy shock and supply delays The global manufacturing Purchasing Managers’ Index (PMI), sponsored by J.P. Morgan and ...
PK24/E+ via Getty Images Global manufacturers reported the steepest price rises and supply delays since 2022 on the outbreak of the war in the Middle East, with factories also building safety stocks amid a near-record spike in business uncertainty. Manufacturing prices spike amid energy shock and supply delays The global manufacturing Purchasing Managers’ Index (PMI), sponsored by J.P. Morgan and compiled by S&P Global Market Intelligence, indicated a surge in both prices and supply delays in March following the outbreak of war in the Middle East Average factory input prices rose globally at the fastest rate since July 2022, the rate of inflation accelerating to a degree not seen since December 2009 outside the pandemic months. Supplier delivery delays, meanwhile, caused global lead times to lengthen to a degree not seen since October 2022. The two biggest drivers of higher prices were energy and shipping costs. According to the worldwide PMI survey contributor comments, the impact of higher energy prices was the steepest recorded since December 2022. The inflationary impact of shipping costs was, meanwhile, at its highest since November 2022, both linked to the war in the Middle East and the closure of the Strait of Hormuz. However, survey contributors also reported the pass through of higher energy and oil derivative prices to other inputs, such as food and chemicals. The inflationary impact of broader raw material prices also rose to the highest since December 2022 as a result. A moderating factor on producer price inflation was, meanwhile, wages and salaries, which pushed up firms’ costs to one of the smallest extents seen over the past year and a half, helping alleviate the overall inflation uplift during the month. Constrained production encourages safety stock building safety stock building The escalation of supply delays has, meanwhile, caused production problems at increasing numbers of companies around the world. Reports of manufacturing output having been...
primeimages/iStock via Getty Images Introduction As a relatively aggressive investor, I am always searching for ETFs with a long track record of meeting or beating the S&P 500's performance. I came across the Invesco S&P 500 Top 50 ( XLG) that has a 21-year track record of solid performance, and I decided to investigate its structure and benchmarking. My conclusion is that this ETF´s investment cr...
primeimages/iStock via Getty Images Introduction As a relatively aggressive investor, I am always searching for ETFs with a long track record of meeting or beating the S&P 500's performance. I came across the Invesco S&P 500 Top 50 ( XLG) that has a 21-year track record of solid performance, and I decided to investigate its structure and benchmarking. My conclusion is that this ETF´s investment criteria deliver consistent returns, modestly above the S&P 500 ( SPX ) due to the index weighting methodology. Performance Since its inception in May 2005, the XLG has modestly and consistently outperformed the SPX, as seen in the chart below. When compared with the NASDAQ, it has also performed in line in the last 5 years. In the longer term, the XLG has trailed the NDX due to its portfolio construction. Note that all comparisons exclude dividends to focus on price returns, and historically, the SPX and XLG have earned around 1% annually in dividends. created by author with data from Capital IQ What is the XLG What is interesting about this ETF's portfolio construction is the methodology that allows winners to keep running. The ETF tracks the S&P top 50 index, which selects the top 50 largest companies by market cap from the SPX. This in itself is not very interesting, and one would assume that the top 50 would have a similar performance as the SPX. However, the key to this index is that it does not limit the weight of its constituents; thus, an outperformer such as NVIDIA Corporation ( NVDA ) can continue to produce positive outcomes even when SPX or NDX weights are cut during quarterly rebalancing. This portfolio construction characteristic allows for a higher concentration in the best-performing companies within the S&P 500. And given technology's dominance, the XLG moves towards a hybrid portfolio of SPX and NDX. The majority of the ETF's current holdings have what I consider fortress balance sheets and resilient business models that allow them to weather stagflation an...
In this article @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Demonstrators hold posters of Ayatollah Khomeini outside the American Embassy which is occupied by 'students following the Imam Khomeini's line on November 16, 1979 in Tehran, Iran. Kaveh Kazemi | Hulton Archive | Getty Images "The hard part is done," President Donald Trump said in his address to the nation Wednesday night abou...
In this article @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Demonstrators hold posters of Ayatollah Khomeini outside the American Embassy which is occupied by 'students following the Imam Khomeini's line on November 16, 1979 in Tehran, Iran. Kaveh Kazemi | Hulton Archive | Getty Images "The hard part is done," President Donald Trump said in his address to the nation Wednesday night about the Iran war. The recent jump in gas prices is "short term increase" that should "will rapidly come back down" once the vital Strait of Hormuz is reopened, he said. But there is reason to worry that the conflict and its economic consequences for Americans may get worse before they get better. If so, Trump will struggle to shake off the damaging political legacy of the war . In that he would join a long line of U.S. presidents going back to the 1970s who have seen their tenures defined by energy crisis and inflation — the economic scourge Trump has called a "nation-buster." "The oil shock of the '70s was planted in the maybe subterranean part of our brains," said Jay Hakes, a presidential historian who led the U.S. Energy Information Administration in the 1990s during the Clinton administration. "It was there for a long time because it was just such a jolt. And I think this will be that kind of jolt," Hakes said. Read more CNBC politics coverage Trump to address nation on Iran war Wednesday night, White House says Pete Hegseth lifts suspension of Kid Rock Army helicopter flyby crews after Trump comments Trump signs executive order limiting mail-in voting ahead of 2026 U.S. elections Gas prices on Tuesday rose above $4 a gallon on average for the first time since the war began. Gas has followed Brent crude prices that have risen 27% since the war began to just over $100 a barrel Wednesday. Oil tankers and other commercial shippers that would normally travel through the narrow Strait of Hormuz off Iran's southern coast have been idled due to Iran's threats and attacks. The w...