Why Alternative Asset Managers Are on a Buying Spree
Blackstone (BX) and Apollo (APO) are expected to report earnings per share of $0.20 and $0.21, respectively, in the March quarter of 2016.
Alternative asset managers (XLF) have seen their credit performances fall significantly due to distressed markets.
IYZ generated investor returns of -0.09% in the trailing 12-month period and -0.87% in the trailing one-month period.
The VGT ETF tracks a market-cap-weighted portfolio of 382 US publicly listed companies in the technology sector. Its market capitalization is $7.7 billion.
Amazon credits the Prime program’s popularity for the growth in its operating profits in 1Q15—Amazon’s best results in the US for the last few quarters.