Blackstone’s (BX) private equity division recorded 139% growth in 1Q15 compared to 1Q14.
Blackstone (BX) reported record 1Q15 earnings with revenues up 66% compared to 1Q14. It invested in assets where it can intervene and actively manage them.
Blackstone (BX) stock has returned 31% over the past six months ending May 22. It has also reported record earnings in the past two quarters. Can it sustain this growth?
Asset managers such as JPMorgan Chase (JPM) and Deutsche Bank AG (DB) have increased their offerings of ETFs covering emerging market equities and debt.
Major ETFs attracting investments include the iShares Europe ETF (IEV), the SPDR Euro STOXX 50 ETF (FEZ), and the WisdomTree Europe Hedged Equity Fund (HEDJ).
US equities (SPX) witnessed net investment outflow for the ninth straight week. Total outflow in the week ending May 22, 2015, stood at $1.8 billion—lower than the previous week’s $2.2 billion.
Investments in emerging markets form ~12% of worldwide investments in terms of mutual funds and ETFs, and this number is expected to increase.
The EU attracted investments, with Eurozone growth at 1.6% in 1Q15—the highest in two years. The expansion was led by Spain’s 3.6% growth and France’s 2.4% growth.
The ETF market grew significantly over the span of just a decade to total over $3 trillion. US equities represent more than 65% of the total allocation.
Emerging market equities witnessed modest outflows of $0.10 billion in the week ending May 8, 2015—the first week of outflows in the past few months.
EU equities (EFA) received inflows of $0.8 billion in the week ending May 8, 2015. The inflows were lower than the previous week, but they were positive.
US equities (SPX) witnessed net investment outflows for the eighth straight week. Total outflows for the week ending May 8, 2015, stood at $6.1 billion.
Legg Mason (LM) generated ~4% return for its stock owners on May 1, after the announcement of its quarterly results beat analyst estimates.
On May 1, Legg Mason (LM) reported strong quarterly results backed by the operating performance of its funds.
Legg Mason Global Distribution manages assets totaling $278 billion as of March 31, 2015, as compared to $252 billion in the previous year.
Legg Mason (LM) announced on May 1 that its assets under management were down by 1% to $702.7 billion when compared with the previous quarter.
Legg Mason managed to beat Wall Street analysts’ adjusted EPS (earnings per share) estimates of $0.67 with a posted adjusted EPS of $1.03.
US equities (SPX) witnessed net investment outflows for the seventh straight week. The US GDP grew by only 0.2% in 1Q15 versus 2.2% in the previous quarter.
European Union equities (EFA) received inflows of $1.6 billion in the week ended May 1, 2015. The investments were lower than in the previous week but positive.
The iShares MSCI Emerging Markets Minimum Volatility ETF (EEMV) and several other emerging-market ETFs attracted positive flows totaling $0.3 billion for the week ended May 1, 2015.