Report says natural capital is being used to strengthen portfolios

Since the end of the Covid lockdowns, many investment firms have started to call workers back into the office full-time

Outlook • Gepubliceerd op donderdag 17 juli om 07:56

ETF Boom Drives New Era in Distribution

Achtergrond • Gepubliceerd op dinsdag 8 juli om 08:20

Investing.com -- Goldman Sachs has turned bullish on select traditional asset managers, upgrading Franklin Resources (NYSE:BEN) and Affiliated Managers Group (NYSE:AMG) to Buy, citing improving organic growth prospects and compelling valuations. The bank also shifted its view on AllianceBernstein (NYSE:AB) and WisdomTree, Goldman Sachs said in a note published Monday. “We upgrade BEN to Buy from Neutral with a 12-month price target of $29,” wrote Goldman analysts, pointing to the company’s growing alternatives platform and “moderating outflows from Traditional products leading to a break-even organic base fee growth.” The note also highlighted cost reductions at Western Asset and projected BEN’s EPS growth to accelerate to 8% CAGR through 2027. At 9x 2026E P/E, Goldman believes the improvement “is yet to be fully captured in the stock’s valuation.” Affiliated Managers Group also earned an upgrade to Buy, with Goldman citing “an inflection in organic base fee growth” driven by AQR platform flows and sustained momentum in private markets. The firm raised its price target on AMG to $218, projecting 7% annual core EBITDA growth in 2026–27. “We see runway to high-single-digit total EBITDA growth,” Goldman added. Meanwhile, AllianceBernstein was downgraded to Neutral, with Goldman noting signs of slowing growth in both equities and fixed income. “We see limited scope for the stock to outperform,” analysts wrote. WisdomTree was upgraded to Neutral from Sell, with analysts citing “broadening out and acceleration of flows” and a more stable fee trajectory. Goldman raised its price target to $11.90, expecting mid-to-high single-digit organic base fee growth through 2027.

BlackRock may not be as much of a household name as other mega-corporations, but its influence over global finance is staggering. In this extract from her book, Vulture Capitalism, Grace Blakeley expo...

UKSIF offers recommendations to help asset owners, managers, and policymakers address systemic risks and protect investor interests.

Nieuws • Gepubliceerd op dinsdag 6 mei om 08:07

The two US asset management giants, Blackrock and Vanguard, have announced a pause in their engagement activities - i.e. their dialogue with companies – a pause that lasted just a few days for Blackro...

Amundi and Invesco appointed managers based on a strong commitment to responsible investment principles

Panellists at a recent IA forum discussed the proposed changes to the FRC UK Stewardship Code

Executives' concerns for environmental, social and governance (ESG) factors seems in retreat by many measures. Banks have withdrawn from climate groups, companies are toning down diversity efforts, and boardroom demographics get a lower priority in director searches.

Assessment of the climate practices of asset managers In the context of the climate emergency, investors are increasingly and collectively concerned about systemic climate risks. Many of the worl...