These two ETFs offer different paths to gaining exposure to silver. Which path would you take? Both the iShares MSCI Global Silver ETF (SLVP +1.84%) and iShares Silver Trust (SLV +10.18%) cater to those seeking silver exposure, but with different approaches: SLVP holds shares of global mining companies tied to silver and other metals, while SLV is designed to mirror the price of physical silver. S...
These two ETFs offer different paths to gaining exposure to silver. Which path would you take? Both the iShares MSCI Global Silver ETF (SLVP +1.84%) and iShares Silver Trust (SLV +10.18%) cater to those seeking silver exposure, but with different approaches: SLVP holds shares of global mining companies tied to silver and other metals, while SLV is designed to mirror the price of physical silver. Snapshot (cost & size) Metric SLVP SLV Issuer IShares IShares Expense ratio 0.39% 0.50% 1-yr return (as of Jan. 25, 2026) 265.8% 231.23% Beta 0.79 0.4 AUM $1.32 billion $48.3 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. SLVP has a cheaper expense ratio and a higher return within the last 12 months. However, SLV is slightly less volatile. Performance & risk comparison Metric SLVP SLV Max drawdown (5 y) -55.56% -38.79% Growth of $1,000 over 5 years $2,945 $3,700 What's inside Created almost 20 years ago, SLV is a nearly $50 billion trust that aims to track the price of physical silver, making it a direct play on the commodity, and does not hold any stocks. It does not offer any dividends for investors. SLVP holds 42 stocks that are predominantly tied to the mining of silver. Created in 2012, its top three positions are Hecla Mining Co. (HL 0.79%), Industrias Penoles (PE&OLES.MX), and Fresnillo Plc. (FRES.L), with most of its top weight leaning towards Mexican-based mining companies. What this means for investors When investing in silver-related assets, one should consider silver’s volatility and the correlated effects it can have on their portfolio. Silver is one of the most volatile precious metals on the market, estimated to be three times more volatile than gold. So if silver’s price rises or falls significantly in a short period, both ETFs could be impacted, especially SLV. And while silver’s value may continue to rise as it becomes incr...
The Iranian government is bracing itself for a fresh US and Israeli missile assault after it was announced that the USS Abraham Lincoln aircraft carrier strike group has now deployed key assets to the region, observers have said. It is thought that Washington has the firepower in conjunction with Israeli aircraft to mount an attack designed to topple the government accused of brutally suppressing ...
The Iranian government is bracing itself for a fresh US and Israeli missile assault after it was announced that the USS Abraham Lincoln aircraft carrier strike group has now deployed key assets to the region, observers have said. It is thought that Washington has the firepower in conjunction with Israeli aircraft to mount an attack designed to topple the government accused of brutally suppressing protests and killing thousands of Iranians. The US fleet including several guided-missile destroyers are not yet in final position but are already in striking range of Iran. It is by no means certain that further US attacks on Iran will reignite the street protests, as many Iranians opposed to the clerical leadership in power since 1979 are also opposed to externally imposed regime change. With no signs of a diplomatic breakthrough imminent, the Iranian stock market suffered a record daily fall on Monday. Regional powers including the United Arab Emirates declared they will not allow their airspace or territorial waters to be used to mount an attack on Iran but the presence of the carrier strike group in the Mediterranean means permission will not be needed from many third parties for an attack. Over the weekend, the US military announced that it would carry out an exercise in the region “to demonstrate the ability to deploy, disperse, and sustain combat airpower”. View image in fullscreen Sailors prepare a Boeing EA-18G Growler on the flight deck of the USS Abraham Lincoln in the Indian Ocean on 21 January. Photograph: Seaman Daniel Kimmelman/US Navy/AP Any such attack will not be designed to weaken Iran’s already shattered nuclear programme, the chief target of the 12-day war in June, but to target Iran’s political leadership and bring the protesters angered by falling living standards back into the streets. Inflation in the last month reached 60%, new official figures showed. Ali Larijani, the secretary of Iran’s supreme national security council, claimed the US was tryi...
Whether it be to gain exposure to strong bonds, or to save money on taxes, these two fixed-income ETFs have unique qualities. Both the Vanguard Intermediate-Term Corporate Bond ETF (VCIT +0.10%) and iShares National Muni Bond ETF (MUB +0.08%) are sizable, investment-grade bond funds, but their roles in a portfolio diverge: VCIT focuses on corporate debt for taxable income, while MUB targets U.S. m...
Whether it be to gain exposure to strong bonds, or to save money on taxes, these two fixed-income ETFs have unique qualities. Both the Vanguard Intermediate-Term Corporate Bond ETF (VCIT +0.10%) and iShares National Muni Bond ETF (MUB +0.08%) are sizable, investment-grade bond funds, but their roles in a portfolio diverge: VCIT focuses on corporate debt for taxable income, while MUB targets U.S. municipal bonds, often appealing to those seeking potential tax advantages. This comparison unpacks their costs, risk profiles, and portfolio details to help investors decide which may fit their needs. Snapshot (cost & size) Metric VCIT MUB Issuer Vanguard IShares Expense ratio 0.03% 0.05% 1-yr return (as of Jan. 25, 2026) 4.43% 1.22% Dividend yield 4.61% 3.13% Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. VCIT is more affordable in fees and offers a higher dividend yield, which may appeal to investors seeking stronger income potential from their bond allocation. Performance & risk comparison Metric VCIT MUB Max drawdown (5 y) -20.56% -11.88% Growth of $1,000 over 5 years $869 $916 What's inside MUB tracks a broad mix of investment-grade U.S. municipal bonds, spreading across 6,163 holdings. It holds zero U.S. government-issued bonds, but about 61% of its holdings are AA-rated bonds, the second-highest rating, with the rest of the fund’s weight almost evenly split between AAA and A-rated bonds. VCIT has a narrower investment focus on intermediate-term bonds that mature within 5-10 years. The majority of bonds it holds are BBB-rated, while A-rated bonds are a close second. This bond in nature will likely be more volatile than MUB because of the lower-rated bonds, which have higher interest rates but increased risk. What this means for investors For investors, it’s important to know that bond ETFs can move differently from typical stock ETFs, as the ...
These two precious metal ETFs delivered strong returns in 2025. But which one will shine the most in your portfolio? Both the iShares MSCI Global Silver and Metals Miners ETF (SLVP +1.84%) and Goldman Sachs Physical Gold ETF (AAAU +2.02%) offer exposure to precious metals, but their approaches and risk/return profiles are fundamentally different. SLVP holds global silver mining equities, while AAA...
These two precious metal ETFs delivered strong returns in 2025. But which one will shine the most in your portfolio? Both the iShares MSCI Global Silver and Metals Miners ETF (SLVP +1.84%) and Goldman Sachs Physical Gold ETF (AAAU +2.02%) offer exposure to precious metals, but their approaches and risk/return profiles are fundamentally different. SLVP holds global silver mining equities, while AAAU is designed to mirror the price of gold bullion. Snapshot (cost & size) Metric SLVP AAAU Issuer IShares Goldman Expense ratio 0.39% 0.18% 1-yr return (as of Jan. 25, 2026) 277% 80% AUM $1.32 billion $2.9 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. AAAU has lower fees and a higher number of assets, but SLVP’s returns are more than three times higher. Performance & risk comparison Metric SLVP AAAU Max drawdown (5 y) -55.56% -20.94% Growth of $1,000 over 5 years $2,945 $2,628 What's inside Goldman Sachs Physical Gold ETF tracks the price of physical gold, aiming to match bullion’s performance minus operating expenses. It does not hold equities or pay dividends, but gives investors one of the best indirect ways to invest in gold. SLVP holds 42 stocks that are predominantly tied to the mining of silver. Created in 2012, its top three positions are Hecla Mining Co. (HL 0.79%), Industrias Penoles (PE&OLES.MX), and Fresnillo Plc. (FRES.L), with most of its top weight leaning towards Mexican-based mining companies. What this means for investors When it comes to AAAU, it’s one of the best ways to indirectly invest in gold without having to hold it, as long as investors are comfortable with the fund’s reliance on the metal and the volatility associated with it. For SLVP, silver is estimated to be three times more volatile than gold, which can affect the fund even if it doesn’t track the metal’s price. And while silver’s value may continue to rise...
These fixed-income ETFs offer long-term investing while utilizing short-term bonds. Which one is right for you? Both the Vanguard Short-Term Corporate Bond ETF (VCSH +0.06%) and Schwab Short-Term U.S. Treasury ETF (SCHO +0.02%) target the short-term fixed-income market, but they take different approaches: VCSH invests in investment-grade corporate bonds, while SCHO focuses on short-term U.S. Treas...
These fixed-income ETFs offer long-term investing while utilizing short-term bonds. Which one is right for you? Both the Vanguard Short-Term Corporate Bond ETF (VCSH +0.06%) and Schwab Short-Term U.S. Treasury ETF (SCHO +0.02%) target the short-term fixed-income market, but they take different approaches: VCSH invests in investment-grade corporate bonds, while SCHO focuses on short-term U.S. Treasuries. This comparison examines cost, performance, risk, and portfolio structure to highlight which ETF best aligns with an investor’s priorities. Snapshot (cost & size) Metric VCSH SCHO Issuer Vanguard Schwab Expense ratio 0.03% 0.03% 1-yr return (as of Jan. 25, 2026) 2.19% 0.83% Dividend yield 4.34% 4.06% Beta 0.43 0.05 AUM $40.68 billion $11.63 billion Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. Both funds have low expense ratios, but VCSH provides a higher dividend yield, while SCHO offers less volatility with a considerably lower beta. Performance & risk comparison Metric VCSH SCHO Max drawdown (5 y) -9.50% -5.71% Growth of $1,000 over 5 years $960 $948 What's inside Launched 15 years ago, SCHO is designed to track the short-term U.S. Treasury bond market, holding 97 securities. Essentially all of the bonds held are U.S. government bonds, and mature within 1-3 years. Most of them are AA-rated, offering an extremely low chance of debt default. VCSH, in contrast, holds a concentrated basket of investment-grade corporate bonds that mature between 1-5 years. The holdings primarily consist of bonds rated A or BBB, which have a higher default risk than AA bonds. What this means for investors With SCHO having a higher concentration of higher-rated bonds, it will be a less risky investment because it’s tied to bonds that are less likely to default. VCSH, on the other hand, has more lower-rated bonds that have more potential to default, but there’s ...
The precious metals industry has been booming lately, and these two silver mining ETFs have benefited significantly from it. Both the Global X Silver Miners ETF (NYSEMKT:SIL) and iShares MSCI Global Silver and Metals Miners ETF (NYSEMKT:SLVP) target global silver mining equities, appealing to those seeking exposure to the precious metals sector. However, their cost structures, portfolio compositio...
The precious metals industry has been booming lately, and these two silver mining ETFs have benefited significantly from it. Both the Global X Silver Miners ETF (NYSEMKT:SIL) and iShares MSCI Global Silver and Metals Miners ETF (NYSEMKT:SLVP) target global silver mining equities, appealing to those seeking exposure to the precious metals sector. However, their cost structures, portfolio compositions, and fund sizes reveal important distinctions for investors to consider when choosing between these two major players in the silver miners ETF space. Snapshot (cost & size) Metric SLVP SIL Issuer IShares Global X Expense ratio 0.39% 0.65% 1-yr return (as of Jan. 25, 2026) 276.84% 235.82% Dividend yield 1.3% 0.9% Beta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months. SLVP looks more affordable on fees, with a 0.39% expense ratio compared to SIL’s 0.65%, and it also offers a higher dividend yield, which may appeal to investors prioritizing income alongside exposure to silver miners. Performance & risk comparison Metric SLVP SIL Max drawdown (5 y) -55.56% -55.63% Growth of $1,000 over 5 years $2,945 $2,592 What's inside Launched 15 years ago, SIL tracks silver miners globally, holding 42 stocks and focusing entirely on basic materials. Its largest positions are Wheaton Precious Metals Corp. (WPM +3.75%), Pan American Silver Corp. (PAAS +1.92%), and Coeur Mining Inc. (CDE 1.19%), which are primarily Canadian mining companies. With over 15 years in operation and nearly $7 billion in assets under management, SIL relies more heavily on its top holding, Wheaton, which accounts for over 20% of its assets, compared to the other assets, which aren’t above 12%. SLVP has a very similar makeup, holding the same number of companies. Created in 2012, its top three positions are Hecla Mining Co. (HL 0.79%), Industrias Penoles (PE&OLES.MX), and Fresnillo Plc. (FRES.L), h...
March WTI crude oil (CLH26) today is down -0.42 (-0.69%), and March RBOB gasoline (RBH26) is down -0.0344 (-1.84%). Crude oil and gasoline prices are trading lower today, falling back after last Friday's rally. Don’t Miss a Day: Crude oil prices are lower today due to long liquidation pressure and easing disruptions to Kazakhstan's oil exports after a Black Sea terminal was brought back into servi...
March WTI crude oil (CLH26) today is down -0.42 (-0.69%), and March RBOB gasoline (RBH26) is down -0.0344 (-1.84%). Crude oil and gasoline prices are trading lower today, falling back after last Friday's rally. Don’t Miss a Day: Crude oil prices are lower today due to long liquidation pressure and easing disruptions to Kazakhstan's oil exports after a Black Sea terminal was brought back into service. Kazakhstan's Tengiz and Korolev oil fields have been closed since last week due to power generator fires. Kazakhstan has curbed some 900,000 bpd of crude production that feeds the Caspian Pipeline Consortium terminal on Russia's Black Sea Coast due to drone strikes. Crude oil prices rallied nearly +3% last Friday after Russia threw cold water on hopes of a breakthrough in peace talks with Ukraine and after President Trump revived the possibility of US military action against Iran. Also, there was concern about supply disruptions due to the massive storm that just crossed the US. Crude prices rallied on Friday after the Kremlin said the "territorial issue" remains unresolved with Ukraine and there's "no hope of achieving a long-term settlement" to the war until Russia's demand for territory in Ukraine is accepted. The outlook for the Russia-Ukraine war to continue will keep restrictions on Russian crude in place and is bullish for oil prices. Crude also garnered support Friday after President Trump revived his threats to use military force against Iran for its violent crackdown on protesters, saying an armada of US Navy vessels was en route to the Middle East. Crude prices also rose on Friday after the Financial Times reported that the US is threatening to curb the supply of dollars for Iraqi oil sales as it pressures Iraq's leading politicians to form a government that excludes Iran-backed militia groups. The IEA last Wednesday cut its 2026 global crude surplus estimate to 3.7 million bpd from last month's estimate of 3.815 million bpd. On January 13, the EIA raised its...
Image source: The Motley Fool. Tuesday, October 29, 2024 at 8:30 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Sanjay Mirchandani Chief Financial Officer — Jen DiRico Vice President, Investor Relations — Michael Melnyk Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Total Revenue -- $233 million, representing 16% growth and marking the fourth consecut...
Image source: The Motley Fool. Tuesday, October 29, 2024 at 8:30 a.m. ET CALL PARTICIPANTS President and Chief Executive Officer — Sanjay Mirchandani Chief Financial Officer — Jen DiRico Vice President, Investor Relations — Michael Melnyk Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Total Revenue -- $233 million, representing 16% growth and marking the fourth consecutive quarter of double-digit revenue increase. -- $233 million, representing 16% growth and marking the fourth consecutive quarter of double-digit revenue increase. Total Annual Recurring Revenue (ARR) -- $853 million, up 20%, with Subscription ARR reaching $687 million, a 30% rise. -- $853 million, up 20%, with Subscription ARR reaching $687 million, a 30% rise. SaaS ARR -- $215 million, up 64%, now accounting for 25% of total ARR. -- $215 million, up 64%, now accounting for 25% of total ARR. Free Cash Flow -- $54 million, up 34%, with 97% of that returned via share repurchases. -- $54 million, up 34%, with 97% of that returned via share repurchases. Subscription Revenue -- Grew 37%, mainly from SaaS portfolio strength and term software license growth. -- Grew 37%, mainly from SaaS portfolio strength and term software license growth. Term Software Transactions Over $100,000 -- Increased 23%, with a 12% rise in average deal size. -- Increased 23%, with a 12% rise in average deal size. Customer Support Revenue -- $78 million, up 1%; 54% now derived from term software arrangements, up from 46% in the prior year. -- $78 million, up 1%; 54% now derived from term software arrangements, up from 46% in the prior year. New Subscription Customers -- 600 added this quarter, driving total subscription customer count to over 10,000, including more than 6,000 SaaS customers. -- 600 added this quarter, driving total subscription customer count to over 10,000, including more than 6,000 SaaS customers. SaaS Net Dollar Retention Rate -- 127%, fueled by upsell and cross-sell, with a one-third...
A group of prominent Iranians with links to football have called on Fifa’s president, Gianni Infantino, to condemn the killing and arrest of footballers in Iran and the threats made against players in the country. The demand was made in open letter also addressed to the presidents of Fifa’s more than 200 national associations. Among its 20 signatories are Ali Karimi, who played 127 times for Iran,...
A group of prominent Iranians with links to football have called on Fifa’s president, Gianni Infantino, to condemn the killing and arrest of footballers in Iran and the threats made against players in the country. The demand was made in open letter also addressed to the presidents of Fifa’s more than 200 national associations. Among its 20 signatories are Ali Karimi, who played 127 times for Iran, and three other former full internationals. The list also includes a football coach, a referee and sports journalists. The letter says a “nationwide, popular, and civic movement” has been met by the Iranian authorities with “systematic repression, mass killings, and actions that constitute clear instances of crimes against humanity and war crimes”. Among thousands killed in protests this month – the letter refers to information and reports that put the death toll at more than 18,000, though other estimates are even higher – were what the letter describes as “a significant number of members of the football community”. It names among them Mojtaba Tarshiz, a former top-division player, who left behind two young children. Other victims listed include Saba Rashtian, a women’s football assistant referee, the youth coach Mehdi Lavasani, the footballers Amirhossein Mohammadzadeh and Ribin Moradi, and Mohammad Hajipour, a goalkeeper for Iran’s national beach soccer team. The letter also raises concern over the fate of Amirhassan Ghaderzadeh, a 19-year-old footballer with Sepahan Isfahan, whose family has reportedly been informed that he faces an imminent risk of execution owing to his participation in protests. His case was condemned by the US state department last week after being highlighted by Amnesty International. View image in fullscreen Iranians attend an anti-government protest in Tehran. Photograph: AP Signatories of the letter, who include a second player picked for the World Cup by Iran in Bakhtiar Rahmani, say a nationwide shutdown of internet and telephone communicatio...
Image source: The Motley Fool. Monday, January 26, 2026 at 11:30 a.m. ET Call participants President and Chief Executive Officer — Timothy D. Myers Chief Financial Officer — Dave Bonaccorso Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Total Loan Originations -- $141 million in originations with $106 million funded, over 90% in commercial loans; this represents one of ...
Image source: The Motley Fool. Monday, January 26, 2026 at 11:30 a.m. ET Call participants President and Chief Executive Officer — Timothy D. Myers Chief Financial Officer — Dave Bonaccorso Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Total Loan Originations -- $141 million in originations with $106 million funded, over 90% in commercial loans; this represents one of the highest quarterly origination totals in the last decade. -- $141 million in originations with $106 million funded, over 90% in commercial loans; this represents one of the highest quarterly origination totals in the last decade. Payoffs Impacting Loan Growth -- $50 million in loan payoffs, mainly from non-owner occupied commercial and residential real estate, partially offset overall loan growth. -- $50 million in loan payoffs, mainly from non-owner occupied commercial and residential real estate, partially offset overall loan growth. Full-Year Loan Originations -- $374 million originated, with $274 million funded, marking a 79% increase from the prior year. -- $374 million originated, with $274 million funded, marking a 79% increase from the prior year. Total Deposits -- Growth achieved as deposit balances rose due to increases from both long-term clients and new relationships. -- Growth achieved as deposit balances rose due to increases from both long-term clients and new relationships. Deposit Cost Reduction -- Average deposit cost declined by 10 basis points quarter over quarter, contributing to margin improvements. -- Average deposit cost declined by 10 basis points quarter over quarter, contributing to margin improvements. Classified Loans -- Down 35% quarter over quarter, representing 1.5% of total loans versus 2.4% the previous quarter. -- Down 35% quarter over quarter, representing 1.5% of total loans versus 2.4% the previous quarter. Non-accrual Loans -- Decreased 14% sequentially to 1.3% of total loans compared to 1.5% last quarter. -- Decreased 14% sequentia...
franckreporter/iStock via Getty Images Last September, investors had five things to consider ahead of the U.S. government shutdown. Last week, Axios reported that the House passed legislation that would prevent another shutdown . Unfortunately, on January 25, 2026, the odds of a shutdown abruptly shifted for the worse: the odds of a government shutdown by January 31 increased to 79% . This is up f...
franckreporter/iStock via Getty Images Last September, investors had five things to consider ahead of the U.S. government shutdown. Last week, Axios reported that the House passed legislation that would prevent another shutdown . Unfortunately, on January 25, 2026, the odds of a shutdown abruptly shifted for the worse: the odds of a government shutdown by January 31 increased to 79% . This is up from 11.5% last Friday. At the time of submitting this article, Polymarket had an over 80% chance . Why did the odds increase, and what should investors consider this time around? Readers benefit from observing what happened to the U.S. economy, economic reports, and the stock market during last year’s shutdown. 1/ What Happened? Senate Democrats vowed to block the funding package worth $1.2 trillion. It included funds for the Department of Homeland Security. Funding to ICE, or Immigration and Customs Enforcement, is the highest-funded U.S. law enforcement agency . Over the weekend, a Federal agent shot and killed a 37-year-old Minneapolis man, who was an intensive care unit (“ICU”) nurse. Remembered as a “ kind-hearted soul ,” discussions on Reddit, Inc. ( RDDT ) about what happened received 707 comments and 74,400 upvotes . Readers may search the Internet to view two video captures of the events that took place. As Seeking Alpha News reported, Senate Minority Leader Chuck Schumer said on Saturday that “Senate Democrats will not provide the votes to proceed to the appropriations bill if the DHS funding bill is included.” Republicans have a 53-47 majority and need 60 votes for the bill to pass. 2/ Missing CPI Data Investors might dismiss both the consumer price index and the non-farm payroll reports. In the November 2025 data set ( table A here ), the Bureau of Labor Statistics reported the CPI for just three items: gasoline (all types), new vehicles, and used cars and trucks. Despite the report providing readers with a limited view on inflation, the S&P 500 ( SP500 , IVV , ...
filo/iStock via Getty Images IPKW strategy Invesco International BuyBack Achievers™ ETF ( IPKW ) was launched on 2/27/2014 and tracks the Nasdaq International BuyBack Achievers™ Index. IPKW has a portfolio of 150 stocks, a 12-month distribution yield of 2.47%, and a total expense ratio of 0.55%. Distributions are paid quarterly. As described in the prospectus by Invesco , the underlying index sele...
filo/iStock via Getty Images IPKW strategy Invesco International BuyBack Achievers™ ETF ( IPKW ) was launched on 2/27/2014 and tracks the Nasdaq International BuyBack Achievers™ Index. IPKW has a portfolio of 150 stocks, a 12-month distribution yield of 2.47%, and a total expense ratio of 0.55%. Distributions are paid quarterly. As described in the prospectus by Invesco , the underlying index selects components of the NASDAQ Global Ex-U.S. Index with a net reduction of 5% or more of outstanding shares in the latest fiscal year. Additionally, eligible stocks must have at least $250 million in market capitalization and $1 million in 3-month average daily dollar trading volume. The portfolio turnover rate was 93% in the most recent fiscal year. This article will use as a benchmark an ex-U.S. equity index represented by the iShares Core MSCI Total International Stock ETF ( IXUS ). Portfolio The fund invests mostly in large- and mega-cap companies (about 80% of asset value), with a focus on the U.K. (27.8%) and significant exposure in Japan (17.1%). Other countries are below 8%. Direct exposure to Chinese equities is low (5.4%). IPKW top 10 countries in % of assets (Chart: author; data: Invesco, iShares) The fund is overweight in financials (46.5%), especially banks (36%). It also has notable exposure in consumer discretionary (16.3%), energy (12.8%), and industrials (9.9%). Other sectors are below 5%. Sector breakdown (Chart: author; data: Invesco, iShares) The portfolio is diversified, with moderate company-specific risk. Indeed, the top 10 holdings, listed below, represent 41.8% of asset value, and the heaviest position weighs 5.4%. Seven of the top 10 names are banks. Company Local ticker Weight HSBC Holdings PLC HSBA 5.43% DBS Group Holdings Ltd DBS 5.30% UniCredit SpA UCG 5.11% ING Groep NV INGA 5.03% Shell PLC SHEL 4.68% Barclays PLC BARC 3.74% BP PLC BP 3.72% Lloyds Banking Group PLC LLOY 3.36% NatWest Group PLC NWG 2.86% Ryanair Holdings PLC RYA 2.61% Click to e...
William_Potter/iStock via Getty Images By Zain Vawda The meeting of the Federal Open Market Committee (FOMC) on January 28, 2026 will be an intriguing one. The current economic data is showing a strange pattern that doesn't follow the usual rules: the US economy is growing very fast, with estimates suggesting a massive 5.4% growth rate for Q4, but at the same time the job market is slowing down. M...
William_Potter/iStock via Getty Images By Zain Vawda The meeting of the Federal Open Market Committee (FOMC) on January 28, 2026 will be an intriguing one. The current economic data is showing a strange pattern that doesn't follow the usual rules: the US economy is growing very fast, with estimates suggesting a massive 5.4% growth rate for Q4, but at the same time the job market is slowing down. Meanwhile, inflation is stuck at 3.0%, which is higher than what the central bank wants to see. Usually, fast growth leads to higher inflation and a hot job market, but that isn't happening right now. This split could mean that businesses are becoming much more efficient and productive. However, it could also be a warning sign that the economy is starting to "overheat" (growing too fast to be sustainable), even if it doesn't look like it yet due to temporary factors. Heading into the meeting, market participants are pricing in around a 97% probability of a rate hold at Wednesday's meeting. Source: LSEG The Political Economy of 2026 The January 2026 meeting cannot be analyzed in a vacuum of economic data. It occurs within a "storm" of political pressure that threatens the institutional integrity of the Federal Reserve. The "Eye of the Storm" The Rabobank report characterizes the current environment as "In the Eye of the Storm". This metaphor is apt. The "storm" is the friction between President Trump’s administration and the Federal Reserve. Executive Pressure: President Trump has increasingly tightened his "grip" on the Fed. His administration explicitly favors lower interest rates to boost growth and reduce the cost of servicing the national debt. The "Quartermaster": The report mentions a "quartermaster" named Miran - likely a key economic aide or shadow advisor - who advocated for a 50-basis point cut in December. This reveals the delta between the Fed’s action (25 bps) and the Administration’s desire (50 bps). The pressure is for more easing, faster. The Powell Subpoena ...
Image source: The Motley Fool. Monday, July 21, 2025 at 8:00 a.m. ET Call participants President and Chief Executive Officer — Laurence Neil Hunn Executive Vice President and Chief Financial Officer — Jason P. Conley Vice President of Investor Relations — Zack Moxcey Takeaways Total Revenue -- $1.94 billion, up 13%, with 7% organic growth and 6% acquisition-related growth; CentralReach contributed...
Image source: The Motley Fool. Monday, July 21, 2025 at 8:00 a.m. ET Call participants President and Chief Executive Officer — Laurence Neil Hunn Executive Vice President and Chief Financial Officer — Jason P. Conley Vice President of Investor Relations — Zack Moxcey Takeaways Total Revenue -- $1.94 billion, up 13%, with 7% organic growth and 6% acquisition-related growth; CentralReach contributed after the April 23 close date. -- $1.94 billion, up 13%, with 7% organic growth and 6% acquisition-related growth; CentralReach contributed after the April 23 close date. Software Bookings -- Grew in the "high teens area" as stated by Hunn, supporting elevated near-term demand. -- Grew in the "high teens area" as stated by Hunn, supporting elevated near-term demand. Free Cash Flow Margin -- 31% for the TTM period, reflecting continued cash generation strength. -- 31% for the TTM period, reflecting continued cash generation strength. EBITDA -- $775 million, up 12%, with a margin of 39.9% and year-to-date core segment margin expansion totaling 70 basis points. -- $775 million, up 12%, with a margin of 39.9% and year-to-date core segment margin expansion totaling 70 basis points. EPS -- Diluted EPS of $4.87, described as exceeding the top end of guidance on "strong revenue growth and excellent core operating leverage." -- Diluted EPS of $4.87, described as exceeding the top end of guidance on "strong revenue growth and excellent core operating leverage." Free Cash Flow -- Over $2.3 billion on a TTM basis, up 10%; this figure reflects a $60 million benefit from the recent Section 174 R&D tax change. -- Over $2.3 billion on a TTM basis, up 10%; this figure reflects a $60 million benefit from the recent Section 174 R&D tax change. Leverage -- Net debt to EBITDA was 2.9x, expected to move to 3.1x pro forma for the Subsplash acquisition. -- Net debt to EBITDA was 2.9x, expected to move to 3.1x pro forma for the Subsplash acquisition. M&A Firepower -- Over $5 billion available for ...
Image source: The Motley Fool. Oct. 22, 2024 at 11 a.m. ET Call participants President and Chief Executive Officer — Dimitar Karaivanov Executive Vice President and Chief Financial Officer — Joseph E. Sutaris Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Earnings per share -- $0.83, up $0.01 year over year and down $0.08 compared to the previous quarter, with the seque...
Image source: The Motley Fool. Oct. 22, 2024 at 11 a.m. ET Call participants President and Chief Executive Officer — Dimitar Karaivanov Executive Vice President and Chief Financial Officer — Joseph E. Sutaris Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Earnings per share -- $0.83, up $0.01 year over year and down $0.08 compared to the previous quarter, with the sequential decrease attributed to higher provision for credit losses and noninterest expenses. -- $0.83, up $0.01 year over year and down $0.08 compared to the previous quarter, with the sequential decrease attributed to higher provision for credit losses and noninterest expenses. Operating diluted EPS -- $0.88, $0.01 higher year over year, but $0.07 lower than the previous quarter. -- $0.88, $0.01 higher year over year, but $0.07 lower than the previous quarter. Pretax pre-provision net revenue per share -- $1.29, up $0.13 or 11.2% compared to the same quarter last year, and flat versus the previous quarter. -- $1.29, up $0.13 or 11.2% compared to the same quarter last year, and flat versus the previous quarter. Total operating revenues -- $189.1 million, up $13.7 million or 7.8% year over year, and up $5.9 million or 3.2% versus the previous quarter, marking five consecutive quarters of growth. -- $189.1 million, up $13.7 million or 7.8% year over year, and up $5.9 million or 3.2% versus the previous quarter, marking five consecutive quarters of growth. Net interest income -- $112.7 million, a $3.4 million or 3% increase versus the previous quarter, and the second sequential quarter of net interest income expansion. -- $112.7 million, a $3.4 million or 3% increase versus the previous quarter, and the second sequential quarter of net interest income expansion. Net interest margin -- 3.05%, up one basis point from 3.04% in the previous quarter. -- 3.05%, up one basis point from 3.04% in the previous quarter. Deposit cost -- Cost of deposits was 1.23%, unchanged from the previous...
Key Points Nike's valuation is now more inline with peers than in times past. The company isn't growing, and profits are down. 10 stocks we like better than Nike › When thinking about the great investments of the last 40 years, athletic apparel company Nike (NYSE: NKE) would almost certainly make the list. But Nike shareholders haven't seen an all-time high since 2021, and their shares have lost o...
Key Points Nike's valuation is now more inline with peers than in times past. The company isn't growing, and profits are down. 10 stocks we like better than Nike › When thinking about the great investments of the last 40 years, athletic apparel company Nike (NYSE: NKE) would almost certainly make the list. But Nike shareholders haven't seen an all-time high since 2021, and their shares have lost over 60% of their value since then. Nike stock would seem to be a bargain because the price per share has dropped so much. But the stock price alone doesn't actually tell the whole story. After all, if a stock trading at $100 per share was hypothetically worth $20 per share, it would still be overvalued if the price were cut in half. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now, when you join Stock Advisor. See the stocks » To be sure, the valuation for Nike stock is cheaper than it used to be. Within the last five years, it's traded at a price-to-sales (P/S) ratio of 6, whereas now it has a P/S ratio of 2. That's a lot better. However, is Nike truly a bargain stock now? I don't think so; I think it's valued like a typical shoe stock. To support my opinion, I compare Nike's valuation with the valuations of Deckers and Crocs. Crocs is cheaper and has a significantly higher operating margin, making it the better deal in my view. For its part, Deckers has a higher valuation, but it's growing much faster than Nike, supporting a higher price tag. Therefore, I don't believe investors should be overly excited about the opportunity in Nike stock today -- it looks more fairly valued, not incredibly undervalued. However, even if it's not the steal of the century, Nike stock could still be a good investment today. It simply needs to find growth and boost margins. What Nike needs to do to win for shareholders To be a winning investment, Nike needs to grow its business, which will be a challenge for a company w...
Google to pay $68m to settle lawsuit claiming it recorded private conversations 18 minutes ago Share Save Laura Cress Technology reporter Share Save Getty Images Google has agreed to pay $68m (£51m) to settle a lawsuit claiming it secretly listened to people's private conversations through their phones. Users accused Google Assistant - a virtual assistant present on many Android devices - of recor...
Google to pay $68m to settle lawsuit claiming it recorded private conversations 18 minutes ago Share Save Laura Cress Technology reporter Share Save Getty Images Google has agreed to pay $68m (£51m) to settle a lawsuit claiming it secretly listened to people's private conversations through their phones. Users accused Google Assistant - a virtual assistant present on many Android devices - of recording private conversations after it was inadvertently triggered on their devices. They claimed the recordings were then shared with advertisers in order to send them targeted advertising. The BBC has contacted Google for comment. But in a filing seeking to settle the case, it denied wrongdoing and said it was seeking to avoid litigation. Google Assistant is designed to wait in standby mode until it hears a particular phrase - typically "Hey Google" - which activates it. The phone then records what it hears and sends the recording to Google's servers where it can be analysed. People use it for various reasons, ranging from simple questions about the weather to interacting with smart devices like lights and televisions. The firm says it does not send audio anywhere while it is in standby mode. But the lawsuit claimed Google Assistant would sometimes turn on by mistake - the phone thinking someone had said its activation phrase when they had not - and recorded conversations intended to be private. They alleged the recordings were then sent to advertisers for the purpose of creating targeted advertising. Class action