Reports Q3 revenue $1.15B, consensus $1.1B. Marc Rowan, CEO, said, “Our outstanding Q3 results reflect broad based momentum across the business. In a world of re-industrialization, aging populations, and investors seeking greater access to private markets, we are delivering with leading origination, new product solutions and distribution, and excess return for our clients. We are uniquely built to capitalize on these structural trends and our global team is making significant early progress executing our s ...

货币市场基金的资金流入与规模 - 货币市场基金持续出现大规模资金流入，仅上周就有200亿美元流入，使总资产达到约7.4万亿美元 [1] - 货币市场ETF作为一个规模较小但不断增长的相邻领域受到关注，其资产规模已超过50亿美元 [3] 货币市场基金的吸引力与收益特征 - 尽管利率环境较低可能削弱回报，但货币市场基金因投资于国库券和市政债券，仍能提供相对较高的收益率，当前可获得4%的零风险收益率 [1][2] - 在与中国持续的贸易战和其他不利因素下，该基金提供的相对安全性是吸引力的部分来源 [3] 监管框架与产品特点 - 美国证券交易委员会规则2a-7规定货币市场基金的投资组合必须由保守投资构成，平均到期日不超过60天，并有流动性要求，这些规则使其成为更安全的投资 [3] - 但投资于货币市场基金的ETF大多不遵守2a-7规则，目前仅有5只此类ETF合规 [3] 投资者构成与基金类型分布 - 货币市场基金对机构和零售投资者均具吸引力，两类投资者在该资产类别的投资额分别为4.4万亿美元和3万亿美元 [4] - 政府基金占投资总额的6万亿美元，而主要货币市场基金约占1万亿美元 [4] 行业参与者动态与未来展望 - 主要发行商如摩根大通、Vanguard和嘉信理财均已迅速推出自家的货币市场ETF [1] - 随着利率持续下降，特别是预计12月将降息25个基点，对货币市场基金的兴趣最终可能会逆转，但需求可能保持强劲至明年，可能需要更多次降息投资者才会缓慢撤出 [3]

Skip to Main Content Skip to Search This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. Wall Street Heads Into Another Robust Bonus Season By Janet H. Cho Nov 05, 2025, 6:00 am EST Share Resize Reprints The outlook for Wall Street bonuses in 2026 is murkier. (Spencer Platt/G ...

Artificial intelligence is becoming the Taylor Swift of the investment world - a force expected to deliver benefits to industries and consumers while rewarding investors, though money managers cautioned that not all companies will reap rewards. AI dominated discussions at Hong Kong's flagship three-day Global Financial Leaders' Investment Summit, which will return for its fifth edition next year from November 2 to 4. During the final day's programme on Wednesday, a panel-discussion moderator drew a playf ...

Digital trading in Hong Kong has taken a step forward with the launch of the city's first Luxembourg-registered tokenised money market fund by US asset manager Franklin Templeton, marking a major development under the Fintech 2030 plan unveiled this week to establish the city as a leading fintech hub. The Franklin OnChain US Government Money Fund, which invests in US government securities and was registered in Luxembourg last year, would be available to institutional and professional investors in Hong Kon ...

Australia’s Perpetual has signed an exclusivity deed with Bain Capital Private Equity as discussions regarding the possible sale of its Wealth Management arm move forward. The company stated in an announcement that there is “no certainty of reaching a binding agreement or that any transaction would proceed", and assured shareholders they will be kept informed in line with disclosure requirements. Earlier in 2024, Perpetual revealed it had reached A$2.18bn ($1.42bn) agreement with KKR to sell both its wea ...

交易概览 - Point公司与Blue Owl Capital管理的基金完成了2025年第三次住宅权益投资资产证券化，发行了3.9亿美元评级资产支持证券[1] - 该交易于2025年10月28日完成，证券发行总额为3.9亿美元[2] 证券分级与需求 - 证券分为四个层级：2.542亿美元高级A-1级证券评级A (low) (sf)，4660万美元中级A-2级证券评级BBB (low) (sf)，4590万美元次级B-1级证券评级BB (low) (sf)，4330万美元次级B-2级证券评级B (high) (sf)由Morningstar DBRS评级[2] - 交易吸引了29家独特投资者，其中包括8家Point证券化平台的新进入者，订单总额超过16亿美元，显示出强劲的机构需求[2] 交易结构与合规性 - 该交易是首个同时包含欧盟证券化法规和英国证券化框架相关承诺的HEI证券化，并符合欧盟证券化法规的透明度要求，有助于满足欧洲和英国机构投资者的标准[3] - Point作为证券化中所有HEI资产的发起人，并将继续服务这些资产，Blue Owl的关联公司收购了部分票据[2] 公司背景与行业地位 - Point是领先的住宅权益投资平台，自2015年开创HEI类别以来，已完成六次证券化，为替代性住宅权益融资的流动性、可扩展性和透明度设定了基准[4] - Point已与超过15000名房主合作，释放了超过15亿美元的房屋净值，其HEI产品使投资者能够进入自住住宅房地产这一此前未被开发的资产类别[6] - Blue Owl Capital是一家领先的另类资产管理公司，截至2025年9月30日，其管理资产规模超过2950亿美元[7]

Financial Serenity is a financial analysis and quantitative research column with a particular focus on the asset management sector. It is actively managed by Tommaso Scarpellini, a seasoned financial researcher and data analyst with proven experience in banking and financial analytics platforms. This initiative aims to provide an in-depth analysis of the dynamics driving the asset management market. On Seeking Alpha, we combine insights from rigorous data analysis with actionable opinions and ratings on ETF ...

现金管理类理财产品市场概况 - 截至2025年10月30日，理财公司公募现金管理类产品共计存续5722只 [1] - 人民币现金类产品共计存续5691只，近6月七日年化收益率均值为1.378% [6] - 美元现金类产品共计存续30只，近6月七日年化收益率均值为3.879% [6] 人民币现金类产品收益表现 - 仅16只人民币产品的近6月七日年化收益率均值超过2%，另有11只产品收益率均值低于1% [6] - 从机构业绩看，北银理财、苏银理财、渝农商理财、恒丰理财和南银理财位列前五，近6月七日年化收益率均值分别为1.697%、1.667%、1.648%、1.613%和1.606% [6] - 其他理财公司现金类产品收益区间均在1.2%至1.6%之间 [6] 高收益人民币产品榜单 - 苏银理财“启源现金4号N”和“启源货币3号G”包揽榜单冠亚军，近6月七日年化收益率均值分别为2.922%和2.875% [3][7] - 北银理财“京华远见”位列第三，收益率为2.103% [3][7] - 本期榜单中仅5只产品近6月平均七日年化收益率高于2% [7] 美元现金类产品收益趋势 - 美元现金类产品虽具备收益优势，但自2025年9月起受美联储降息影响，收益进一步下滑 [6] - 仅个别美元理财产品收益率能维持在4%左右，整体呈下行趋势 [6] - “中银理财-QDII日计划(美元版)U”是样本中唯一收益率超过4%的产品，均值达4.003% [6] 高收益产品管理人分布 - 从单品收益看，苏银理财和招银理财各上榜2只产品 [7] - 北银理财、浦银理财、徽银理财、中邮理财、平安理财、兴银理财各上榜1只产品 [7]

基金产品概况 - 嘉信中期美国国债ETF（SCHR）于2010年8月5日推出 由嘉信投资管理公司管理 [1] - 该基金提供美国国债市场中中期部分的投资敞口 [1] - 基金的费用比率为0.03% [1]