Morningstar Q2 Adjusted Earnings, Revenue Rise; Shares Climb After Hours
Morningstar Non-GAAP EPS of $2.01, Revenue of $571.9M
Express News | Morningstar Q2 Total Revenue $571.9M; EPS $1.60
Earnings Flash (MORN) MORNINGSTAR Reports Q2 Revenue $571.9M
Express News | Morningstar Q2 Adjusted EPS USD 2.01
Express News | Morningstar Q2 Operating Income USD 108.5 Million
Express News | Morningstar Q2 EPS USD 1.6
Express News | Morningstar, Inc. Reports Second-Quarter 2024 Financial Results
Express News | Morningstar Q2 Operating Margin 19%
Express News | Morningstar Q2 Net Income USD 69.1 Million
Express News | Morningstar Q2 Revenue USD 571.9 Million
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The issuance of esg funds has sharply declined, reflecting the strong resistance of the market to ESG.
ESG fund issuance is quietly stagnating at some of the world's largest asset management companies. According to data provided by Morningstar Direct, companies such as BlackRock, Deutsche Bank's DWS Group, Invesco, and UBS Group's asset management departments have all reduced the number of new funds with ESG requirements. The data shows that as of the end of May this year, just over 100 ESG funds have been issued globally, with the industry expected to be far below recent levels. In contrast, 566 ESG funds were issued globally in the whole of 2023, which was lower.
Top stories of foreign exchange: Gold prices surged to a record high. Musk announced he will move the headquarters of X and SpaceX to Texas. Russia plans to cut crude oil production.
Global financial media's headline news yesterday and this morning mainly focused on: Gold prices soar to record highs. Traders increase their bets on the Fed rate cuts and Trump's re-election. Spot gold prices rose to a high of $2,451.44 per ounce, breaking the previous record set at the end of May. Signs of slowing US inflation fueled speculation that the Fed will soon begin cutting interest rates. Gold prices have reached a new high as market hopes for Fed rate cuts continue to rise, and some traders increase their bets on Donald Trump winning the US presidential election again. Investors in various markets are also weighing the increasingly strong probability of Trump's return to the White House, as his election prospects over the weekend.
The active ETF of the bond king attracted a record high amount of funds.
The moment that bond giants have been waiting for has finally arrived, with record inflows of client funds into actively managed ETFs. According to Morningstar Direct data, investors have poured a total of $245 billion into active and index mutual funds and ETFs in the first half of the year, far surpassing the $150 billion in the first half of 2023 due to the expected early September interest rate cuts by the Federal Reserve. Active ETFs from Janus Henderson Group, BlackRock, Fidelity Investments, and Pimco are particularly popular. Compiled data shows that as of July 12th, there is a net inflow of active fixed-income ETFs.
Morningstar CEO Kunal Kapoor on AI, Investing, and Company Culture -- Barrons.com
Charles Schwab Stock Plummets 6% After Earnings
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"Wood Sister" defends investment losses: will receive huge returns after interest rate cuts.
Today, Cathie Wood, the founder and CEO of ARK Investment Management, defended the strategy of her flagship fund, which is currently facing losses. In a letter to investors, she stated that the fate of the fund will reverse when interest rates drop. In recent years, the flagship fund of "Wood Sister," ARK Innovation ETF fund, has given investors a roller coaster experience. After rising by 67.6% in 2023, the fund has fallen by over 12% so far this year. In comparison, the S&P 500 index has risen by 16% this year.