"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
BNP Paribas APAC Deputy Head of Global Markets Brian McCappin says clients are repositioning their portfolio to focus more on artificial intelligence beneficiaries, driving the outperformance of North Asia markets. He speaks with Yvonne Man and Avril Hong from the sidelines of the BNP Paribas Global EV and Mobility Conference. (Source: Bloomberg)
BNP Paribas APAC Deputy Head of Global Markets Brian McCappin says clients are repositioning their portfolio to focus more on artificial intelligence beneficiaries, driving the outperformance of North Asia markets. He speaks with Yvonne Man and Avril Hong from the sidelines of the BNP Paribas Global EV and Mobility Conference. (Source: Bloomberg)
meshaphoto/iStock via Getty Images PIMCO Enhanced Short Maturity Active Exch Tr ETF ( MINT ), also known by its ticker, as MINT, is assessed in this article. PIMCO structured MINT to provide allocators with a blend of daily liquidity, capital preservation, and income. I assessed the ETF's liquidity dynamics while considering its preservation and income in tandem, where I arrived at the following c...
meshaphoto/iStock via Getty Images PIMCO Enhanced Short Maturity Active Exch Tr ETF ( MINT ), also known by its ticker, as MINT, is assessed in this article. PIMCO structured MINT to provide allocators with a blend of daily liquidity, capital preservation, and income. I assessed the ETF's liquidity dynamics while considering its preservation and income in tandem, where I arrived at the following conclusion: MINT doesn't deliver an all-weather solution to liquidity. However, the vehicle can be used to harvest a liquidity premium and yield-on-cost can be stellar if we harvest liquidity as opposed to relying on it. Let's traverse into the main analysis, where I elaborate on my central statement. What Is MINT ETF Exactly? In PIMCO's own words , MINT: is an actively managed exchange-traded fund (ETF) that seeks maximum current income, consistent with preservation of capital and daily liquidity. MINT will primarily invest in short duration investment grade debt securities. Futures are allowed in the Fund. The average portfolio duration of MINT will vary based on PIMCO’s economic forecasts and active investment process decisions, and will not normally exceed one year. MINT will disclose all portfolio holdings on a daily basis, and will not use options or swaps. Heuristically, the direct quote means that PIMCO engages in the repo lending/borrowing market and allocates cross-sector in fixed-income products with maturities less than one year. It is mandated to use various linear derivatives to achieve its exposure and manage risk. Although it invests internationally, its exposure remains USD-based. The following figure provides quantifies the qualitative factors mentioned in this sub-section – note that sector exposure and duration figures aren't static. Click on Image To Enlarge (PIMCO) As previously mentioned, the ETF holds international exposure, but it still relies on USD-denominated exposure. Moreover, over 50% of the vehicle is concentrated in the USA. I'd also highligh...
(RTTNews) - European stocks may tumble at open on Monday as investors keep a wary eye on the U.S.-Iran war and await quarterly results from Nvidia and major U.S. retailers for direction.
(RTTNews) - European stocks may tumble at open on Monday as investors keep a wary eye on the U.S.-Iran war and await quarterly results from Nvidia and major U.S. retailers for direction.
Global markets may be due for a period of consolidation after a sharp rally in equities, even as the longer-term outlook for stocks remains positive, according to Citi Wealth's chief investment officer Kate Moore. Speaking to CNBC on the sidelines of the Citi Pan Asia Conference, Moore said markets have been more resilient than investors expected in recent months despite persistent concerns surrou...
Global markets may be due for a period of consolidation after a sharp rally in equities, even as the longer-term outlook for stocks remains positive, according to Citi Wealth's chief investment officer Kate Moore. Speaking to CNBC on the sidelines of the Citi Pan Asia Conference, Moore said markets have been more resilient than investors expected in recent months despite persistent concerns surrounding the Middle East conflict, sticky inflation and crowded investor positioning. "Markets were focused in the last few weeks on really phenomenal earnings and the upgrade to spending expectations that came out as companies talked about their earnings, so that everyone got very positive," Moore said. "It feels sometimes like markets can only focus on one thing at a time," and "for some people the market's been uncomfortably strong since the March lows." The rally has been underpinned by resilient U.S. economic data and strong earnings growth, particularly among technology and artificial intelligence-linked firms. The MSCI World Index, which tracks developed-market large and mid-cap stocks, is currently hovering at record high levels, and is up more than 13% off its March trough. For one, tech behemoth Microsoft reported better-than-expected quarterly results recently and told investors that capital expenditures for the year will reach $190 billion due to soaring memory costs. Amazon also posted better-than-expected earnings and revenue for the first quarter, and reported cloud sales that topped analysts' expectations. Moore does expect equities to end the year higher. Any near-term pullbacks, including those potentially triggered by a more hawkish Federal Reserve stance, could present buying opportunities for investors, she said. Still, she cautioned that investors may be underpricing risks heading into the second half of the year, anticipating a "period of consolidation" and "digestion" following the rapid rebound in risk assets over recent months. "One of them, of course...
A drone strike sparked a fire on the edge of the United Arab Emirates' sole nuclear power plant on Sunday in what authorities called an "unprovoked terrorist attack." (Image credit: Arun Girija/Emirates News Agency)
A drone strike sparked a fire on the edge of the United Arab Emirates' sole nuclear power plant on Sunday in what authorities called an "unprovoked terrorist attack." (Image credit: Arun Girija/Emirates News Agency)
Maximusnd/iStock via Getty Images Fund performance ■ Columbia Acorn International Institutional Share Class ( ACINX ) returned -2.91% for the three months ending March 31, 2026. ■ The fund's benchmark, the MSCI EAFE Small Mid Cap Growth Index, returned -0.56% for the same period. Market overview Small- and mid-cap international equities generally traded higher through January and February. However...
Maximusnd/iStock via Getty Images Fund performance ■ Columbia Acorn International Institutional Share Class ( ACINX ) returned -2.91% for the three months ending March 31, 2026. ■ The fund's benchmark, the MSCI EAFE Small Mid Cap Growth Index, returned -0.56% for the same period. Market overview Small- and mid-cap international equities generally traded higher through January and February. However, the beginning of the U. S. -Iran conflict at the end of February marked a shift in tone, as a disruption in Middle East shipping led to spiking prices for crude oil and fertilizer, among other key commodities. As a result, the outlook for central bank rate cuts was called into question as inflation expectations and interest rates moved higher. The result was a sharp downturn in stock prices during March, which essentially erased the quarter's earlier gains. The quarter again saw relative performance largely bifurcated along the lines of companies perceived to be artificial intelligence ( AI ) beneficiaries and those viewed as having their business models threatened by AI. Performance relative to benchmark In sector terms, positioning in consumer discretionary, information technology and health care led positive contributions to performance relative to the benchmark, while positioning in industrials, communication services and financials weighed most heavily on relative performance. In country terms, selection in France and an overweight to Taiwan was most additive while stock selection within Germany and the U. K. detracted the most. Looking at individual positions, positive contributions to the fund's performance relative to the benchmark were led by Disco ( DSCSY ), a Japanese company that provides precision machines and tools including those used by semiconductor companies to cut and polish silicon wafers. Disco posted strong results and upgraded guidance during the quarter, citing strengthening demand and broadening applications for its chip manufacturing technology. ...