The secondary space is no longer a niche corner of the private equity market. It has become a strategic tool for managing liquidity in all market environments, and momentum is only building. In our recent paper, “1,000 words or less: Secondaries to the rescue,” we explore what’s driving this shift and why we believe the market is poised for further growth. Here are the highlights: - Private equity NAV reached $8.7 trillion in 2024, but secondary volume remains at just ~1% penetration - Distributions are growing, but NAV is growing faster, signaling a structural disconnect - With exit markets still tight, 1H25 saw a record $54 billion in LP-led deal volume trade - GP-leds have evolved into a mainstream exit option, preserving exposure to high-conviction “trophy assets” 📄 Read the full paper here: https://bit.ly/46tEwEk

In our latest Science of Investing article, John Osier, CFA, MBA explores why fixed income ETFs have become indispensable tools for both everyday investors and institutions. ✅ Accessibility & Diversification – Gain exposure to hundreds of bonds ✅ Liquidity & Flexibility – Trade anytime, even when individual bonds aren’t moving. ✅ Professional Management – Credit analysis, portfolio rebalancing, and daily transparency. But it’s not all upside. ETFs don’t mature like individual bonds, and they introduce tracking and interest rate risks. The real power? Their role in tactical investing is to help investors actively adjust duration, credit quality, and sectors in response to market shifts. Whether you’re seeking stability or making tactical moves, fixed income ETFs are reshaping how investors approach bonds. Read more here: https://lnkd.in/gNRMx_G3 #FixedIncome #ETFs #InvestingStrategy

While investing in mutual funds can be beneficial, many investors ponder whether a more effective strategy exists than trying to predict market fluctuations. Accurately forecasting market peaks and troughs is notoriously difficult, even for experts. Instead of timing the market, consider reliable strategies like dollar-cost averaging, investing a fixed sum consistently, and diversification to spread risk across assets. Embracing a long-term perspective can also leverage compounding and market growth. Although market timing is enticing, disciplined strategies can more reliably help you reach financial objectives with mutual funds. #InvestmentStrategy #MutualFunds

For investors seeking higher long-term income and capital appreciation, a company’s dividend growth rate can be a more important consideration than its dividend yield. Learn more from Josh Perez, CFA and Bryan Poston, CFA. https://bit.ly/46UybBS

Convertible bonds are enjoying strong performance in 2025. In this week’s update, Paul Skinner caught up with Fixed Income Portfolio Manager Michael Barry to explore what’s driving the momentum. With tight spreads across fixed income, convertibles stand out for their mix of equity-linked upside potential and bond-linked downside mitigation. They also offer exposure to growth sectors like tech and health care — and Mike’s leaning into the latter, citing overlooked value and innovation potential. https://lnkd.in/eJEYNZzg For professional investors only. Capital at risk.

Exit Cap Rate Compression (and Why It Matters) Most new investors only underwrite based on today’s numbers. But pros model their exit cap rate. If you assume a lower cap rate at exit (cap rate compression), it inflates your projected returns— …but if the market shifts and cap rates expand instead, your equity can evaporate. The best investors underwrite conservatively: they assume cap rate expansion, not compression. It’s a subtle shift… but it’s how they protect millions. #CapRate #Underwriting #ProtectYourEquity

LPL Research’s Chief Equity Strategist Jeffrey Buchbinder and Chief Fixed Income Strategist Lawrence Gillum, recap a positive week for stocks and bonds, make the case that markets are underpricing risk for corporate bonds, preview third quarter earnings season, and preview the week ahead with more Fed-speak than economic data. https://lnkd.in/eShRwaBZ

Capital is being raised at record pace—but not deployed with the same confidence. 📊 Global fundraising is strong, especially in real estate, with managers sitting on significant dry powder. 🏙️ Transaction activity tells another story—volumes remain well below five-year averages as investors hold back, waiting for pricing clarity. 🌐 Regional flows are shifting: Europe is regaining appeal as valuations look attractive, while the U.S. is experiencing outflows from equities into safer fixed-income products. 💼 The paradox of 2025: Liquidity is abundant, but conviction is scarce. Big picture: 👉 We’re living in a market where capital is plentiful, but opportunity is carefully rationed. The next inflection point will come when either confidence breaks loose—or caution hardens into a new normal. ❓Do you see today’s pause in deployment as pent-up momentum waiting to be unlocked—or a signal that investors are rewriting their playbooks for good? #CapitalFlows #InvestmentStrategy #GlobalMarkets #RealEstate #HGSGroup

What’s driving the surging popularity of derivative income ETFs? “The combination of lower risk exposure to equities, potential outperformance in down or flat markets, and higher income has become an attractive value proposition to investors in today’s market” said Sirion Skulpone, CFA, global head of Client Portfolio Management in our Quantitative Equity Solutions business, in a recent interview with InvestmentNews. We believe that the growing demand offers a compelling solution for investors seeking to diversify portfolios, manage risk and enhance income. Our Premium Income ETFs, GPIX and GPIQ, can serve as an effective complement or diversifier to traditional fixed income. These ETFs are designed to seek potential tax efficiency, and due to their relatively stable distribution rates, they may also help investors aiming to achieve a desired rate of cash flow for distribution minimums within retirement portfolios. Read the full interview, as originally published by InvestmentNews: http://ms.spr.ly/6044soTc4 Learn more about our premium income ETFs and how they can fit into client portfolios: http://ms.spr.ly/6045soTcf

What is the biggest challenge for investors in today’s market? Michael Mack, Client Portfolio Manager at Victory Capital, says the biggest challenge in today’s market may be valuation risk. In this conversation with VettaFi Michael shares why focusing on free cash flow (FCF) may help investors potentially reduce valuation risk in today’s market environment. Discover more on VictoryShares FCF ETFs: https://ow.ly/WcPF50Xebxs