The earnings gap between Magnificent 7 and other stocks is expected to narrow, the fund manager says
In the third quarter of 2024 earnings for those seven stocks rose 18 percent year over year, compared with just 2 percent growth among the other 493 companies in the index, according to data from American Century Investments. Jonathan Bauman…
Magellan sees modest FUM growth in November
In a monthly ASX update, the fund manager said FUM rose to $39.1 billion in November from $38 billion a month earlier. Magellan noted that retail FUM rose from $15.7 billion to $16.2 billion in November, while institutional assets increased…
AMP warns of volatile 2025 despite the ASX 200 growth forecast
AMP expects the ASX 200 to reach 8,800 by the end of next year, but warned a series of challenges will lead to a volatile 2025. with a 15 percent correction “very likely” over the year. “Global and Australian shares…
The resources sector could prove to be a strong investment opportunity in 2025, managers say
According to Datt Capital, the sector’s valuations are now favorable, both relative to other industries and relative to its historical averages. The sector is further supported by long-term global trends such as the shift to renewable energy and electric vehicles,…
China is ahead of the US in the technology race, says the fund manager
This race will have “material implications” for financial markets, the asset manager noted. State Street Global Advisors (SSGA) quantified the technology positions of the major blocks using data from the Australian Strategic Policy Institute’s Critical Technology Tracker. The analysis assigned…
High ratings position Australian banks as the most vulnerable sector in 2025
New data released by Northcape Capital has revealed that the Australian share market generated an 11% return in the first 10 months of 2024, beating the 8% average over the past two decades. Major players include banks, insurers and Macquarie…