Exchange-traded fund issuers are shutting new products at the fastest pace in years as competition for investor money intensifies. The average lifespan of an ETF liquidated in 2026 has fallen to one year and nine months, according to a Bloomberg Intelligence report . That compares with an average age of three years and six months in 2025 and about four years and eight months in 2024. The shorter l...
Exchange-traded fund issuers are shutting new products at the fastest pace in years as competition for investor money intensifies. The average lifespan of an ETF liquidated in 2026 has fallen to one year and nine months, according to a Bloomberg Intelligence report . That compares with an average age of three years and six months in 2025 and about four years and eight months in 2024. The shorter lifespan comes as a record number of new ETFs enter the $19 trillion industry, where more than 1,000 products began trading last year. The influx has made it harder for new strategies to attract assets as fewer untapped corners of the market remain. In response, issuers are moving more quickly to close funds that fail to gain traction, according to Tidal Financial Group’s Aga Kuplinska. Closing an unpopular fund once carried a stigma, but firms are now more willing to cut their losses, she said. “The idea of closing an ETF was almost embarrassing. These days, that’s no longer the case — you launch a product, adopt some metric that if the fund isn’t meeting in 12 to 18 months, let’s close it and recycle the resources,” said Kuplinska, senior vice president of product development at the firm. “There’s opportunity costs built into leaving a product on the shelf that’s not raising assets.” In addition to the dropping lifespans, the number of closures is picking up as well. More than 40 ETFs were liquidated in the first two months of 2026, compared with 33 in the same period in 2025, according to Bloomberg Intelligence. Taken together, the figures suggest firms are “growing less patient with strategies that show few signs of early success,” Bloomberg Intelligence analysts Eric Balchunas and Andre Yapp wrote. The ETF industry has attracted a number of new entrants in recent years as barriers to entry have fallen. But issuers need to think carefully about how they plan to scale their funds, said Todd Rosenbluth of TMX VettaFi. Distribution — getting ETFs onto brokerage apps and wir...
China's central bank has expanded its digital yuan programme by adding a dozen additional banks as operators, confirming a Reuters report last month. The 12 new banks allowed to handle the digital yuan include China CITIC Bank, China Everbright Bank, China Guangfa Bank, Shanghai Pudong Development Bank, among others, the People's Bank of China (PBOC) said in a statement. The move aims to "enhan...
China's central bank has expanded its digital yuan programme by adding a dozen additional banks as operators, confirming a Reuters report last month. The 12 new banks allowed to handle the digital yuan include China CITIC Bank, China Everbright Bank, China Guangfa Bank, Shanghai Pudong Development Bank, among others, the People's Bank of China (PBOC) said in a statement. The move aims to "enhance the inclusiveness of digital yuan services" and meet the public demand for "safe, convenient and efficient" payment options, the bank said.
joegolby/iStock via Getty Images Note: I have covered Maxeon Solar Technologies, Ltd. or "Maxeon Solar" ( MAXN ) previously, so investors should view this as an update to my earlier articles on the company. In late 2024, I urged investors to consider selling their shares of beleaguered solar panel manufacturer Maxeon Solar Technologies due to a combination of weak market conditions and persistent ...
joegolby/iStock via Getty Images Note: I have covered Maxeon Solar Technologies, Ltd. or "Maxeon Solar" ( MAXN ) previously, so investors should view this as an update to my earlier articles on the company. In late 2024, I urged investors to consider selling their shares of beleaguered solar panel manufacturer Maxeon Solar Technologies due to a combination of weak market conditions and persistent detainment of the company's Mexican-manufactured products by U.S. Customs & Border Protection ("CBP"). This turned out to be a good call, as the stock has lost more than 80% of its value over the past fifteen months: Barchart.com In recent quarters, the company has engaged in a variety of restructuring transactions including divestment of certain of its subsidiaries, as well as the sale of its non-U.S. distributed generation business. However, proceeds had to be used for covering trade payables, taxes, severance expenses, interest payments and costs associated with the purchase of U.S.-manufactured modules. While Maxeon has challenged CBP's decision in court, no imminent solution is expected. CBP's denial of entry for certain of the company's products has also impacted Maxeon's ability to fulfil contractual commitments. In response, several customers have commenced legal actions against the company, alleging breach of contract and seeking more than $70 million in damages. Adding insult to injury, the development of the company's new Maxeon 8 interdigitated back contact ("IBC") solar cells has suffered a number of setbacks including an unsuccessful collaboration arrangement with its controlling shareholder, Chinese wafer manufacturer TCL Zhonghuan Renewable Energy Technology Co., Ltd. or "TZE". As a result, the company will have to self-fund all further research and development activities. Maxeon Solar's liquidity issues have escalated in recent weeks. As a result, the company was forced to enter into a $7.9 million assignment agreement for a $14 million license payment expe...
ViktoriiaNovokhatska/iStock via Getty Images If one analyzes the markets through a strictly logic-based system, the noise of daily price action quickly fades into the background. In the process, this can reveal the underlying intrinsic value of stocks. A coherent investment thesis requires two factors: A wide moat business model and a clear path to double-digit percentage annual total returns for ...
ViktoriiaNovokhatska/iStock via Getty Images If one analyzes the markets through a strictly logic-based system, the noise of daily price action quickly fades into the background. In the process, this can reveal the underlying intrinsic value of stocks. A coherent investment thesis requires two factors: A wide moat business model and a clear path to double-digit percentage annual total returns for the foreseeable future. As we have moved deeper into 2026, the case for Realty Income ( O ) remains compelling. When I last covered Realty Income for Treading Softly with a Buy rating in December , I was encouraged by sourcing volume through Q3 2025, having already surpassed the record in 2022. The A- S&P credit rating was another positive. Sealing the deal for me, shares looked to be deeply undervalued at the time. Several months later, I’m reaffirming my Buy rating. In 2025, Realty Income convincingly broke its previous sourcing record volume set in 2022. The company anticipates $8 billion in investment volume in 2026, which would be a ramp-up from 2024 and 2025. The net lease REIT has a $4 billion-plus war chest to achieve this guidance, too. What’s more, Realty Income expects base management fees from its private fund to be realized soon. The icing on the cake is that, despite the recent rally, shares are still moderately discounted. The Growth Engine Is Holding Up Realty Income Q4 2025 Earnings Press Release On February 24 th , Realty Income released its financial results for the fourth quarter ended December 31 st , 2025. The net lease REIT’s total revenue surged 11% higher over the year-ago period to $1.49 billion in the quarter. That beat Seeking Alpha’s analyst consensus during the quarter by $100 million . Adjusting for a 5% uptick in the share count versus Q4 2024, Realty Income’s revenue grew at a mid-single-digit clip on a per-share basis. What was behind the company’s decent topline growth for the fourth quarter? Once again, the driving factor for Realty Incom...
U.S. Alerts Goldman Sachs Paris After Iranian Group Threatens Terror Bombing Five days after French authorities foiled a terror plot targeting Bank of America's Paris headquarters, the threat environment facing U.S. financial institutions in the French capital appears to be worsening. New reporting from Le Parisien says Goldman Sachs' Paris headquarters was placed under police surveillance on Wedn...
U.S. Alerts Goldman Sachs Paris After Iranian Group Threatens Terror Bombing Five days after French authorities foiled a terror plot targeting Bank of America's Paris headquarters, the threat environment facing U.S. financial institutions in the French capital appears to be worsening. New reporting from Le Parisien says Goldman Sachs' Paris headquarters was placed under police surveillance on Wednesday night following threats allegedly linked to Iranian terror networks. Le Parisien outlines the rationale behind the heightened security posture: It's 1:30 a.m. when the phone rings, shattering the night's calm. A security guard on duty at the American bank receives a call from his head of security, based in London. According to our information, she informs him that she has received an email from the American authorities, advising him to "extend his vigilance" at the bank . The reason? "An Iranian group is threatening to attack the buildings with explosive devices," explains a source close to the matter. By Thursday morning, however, the Paris prosecutor's office said that "no suspicious elements were found at the scene" following surveillance operations in and around Goldman's building at 85 Avenue Marceau in the 16th arrondissement. Reuters reports that Goldman and Citigroup staffers in Paris are remote working amid threats. The latest threat comes after last week's arrest of three suspects linked to the foiled terror plot outside Bank of America's Paris headquarters . French investigators have reportedly tied the BofA incident to broader tensions stemming from the U.S.-Iran conflict in the Middle East. Separately, Iran's Revolutionary Guard has threatened US companies with operations across the Middle East, including Nvidia, Apple, Microsoft, and Google. "From now on, for every assassination, an American company will be destroyed," the IRGC said. It is no longer just U.S. banks being treated as part of the battlefield. U.S. tech firms are in the crosshairs of the IRG...
Mako Mining press release ( MAKO ): Q4 net income of $14.3M. Revenue of $50.39M (+74.7% Y/Y). Adjusted EBITDA of $28.3M. More on Mako Mining Corp. Mako Mining: Getting A Nevada Gold Mine For Free Mako Mining reports Q4 2025 gold sales worth $50M Financial information for Mako Mining Corp.
Mako Mining press release ( MAKO ): Q4 net income of $14.3M. Revenue of $50.39M (+74.7% Y/Y). Adjusted EBITDA of $28.3M. More on Mako Mining Corp. Mako Mining: Getting A Nevada Gold Mine For Free Mako Mining reports Q4 2025 gold sales worth $50M Financial information for Mako Mining Corp.
Hudbay Minerals ( HBM ) has repaid in full all of its outstanding 4.50% senior unsecured notes due 2026, which were originally issued in an aggregate principal amount of $600M. Hudbay repaid the outstanding aggregate principal amount of $472.5M of 2026 Notes on maturity on April 1, 2026, using a combination of available cash on hand and a $272M draw on its low-cost revolving credit facilities. Mor...
Hudbay Minerals ( HBM ) has repaid in full all of its outstanding 4.50% senior unsecured notes due 2026, which were originally issued in an aggregate principal amount of $600M. Hudbay repaid the outstanding aggregate principal amount of $472.5M of 2026 Notes on maturity on April 1, 2026, using a combination of available cash on hand and a $272M draw on its low-cost revolving credit facilities. More on Hudbay Minerals Inc. Hudbay Minerals Inc. (HBM:CA) Presents at NBF 2026 Canadian Leveraged Finance Conference - Slideshow Hudbay Minerals Inc. (HBM:CA) Arizona Sonoran Copper Company Inc. - M&A Call - Slideshow Hudbay Minerals Inc. (HBM:CA) M&A Call Transcript Hudbay Minerals introduces new quarterly dividend of CAD 0.01 Hudbay Minerals misses top-line and bottom-line estimates; introduces FY outlook