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ETFs/Funds

Kimberly Redmond | Equities.com |

BlackRock, the world’s largest money management firm, reported a stronger-than-expected fourth quarter, closing out 2020 with double-digit increases in both earnings and revenue.

According to its fourth quarter earnings report released Thursday, the investment company posted a net profit of $1.5 billion, up from $1.3 billion, and revenue of $4.5 billion, an increase of 13%, during the final three months of 2020.

On a per share basis, fourth qu...


Reuters | Equities.com |

Outsized bets on large U.S. technology companies and emerging cryptocurrencies fueled the year’s top-performing U.S. mutual fund and exchange-traded funds as the coronavirus pandemic upended global markets, while funds that bet on oil and gas companies fell nearly 100%, according to data from fund-tracker Morningstar.

The year was a challenge like few others for the $21.3 trillion mutual fund and $4.4 trillion ETF industry. U.S. stocks plunged in March before staging a more than 60% comeback, while bond yields hung near record lows for much of the year after unprecedented moves by the Federal Reserve to backstop the financial markets and keep interest rates low.


Reuters | Equities.com |

U.S. healthcare exchange traded funds (ETFs) have led inflows in November, bolstered by the progress in development of coronavirus vaccines.

Data from Morningstar showed U.S. healthcare ETFs have lured $1.7 billion in the first two weeks of this month after witnessing outflows in the past three months.

The news that Pfizer and German partner BioNTech SE's experimental COVID-19 vaccine was more than 90% effective based on initial trial results lifted healthcare stocks last week.

Increasing COVID-19 cases and proposals for new lockdowns in the United States, however, have tempered some market optimism and prompted investors to look for safer stocks.


Reuters | Equities.com |

By Saqib Iqbal Ahmed

NEW YORK (Reuters) - BlackRock Inc's quarterly results exceeded analysts' estimates on Tuesday helped by broad-based strength in its businesses, as the recovery rally in global financial markets helped world's largest asset manager end the quarter with a record $7.81 trillion in assets under management.

"Each of our strategic investment areas, including iShares ETFs, alternatives and technology, continue to grow, while strong investment performance has...