Anthropic2026-10-02 11:54:06Eric Balchunas says Anthropic valuation has risen 22-fold since June 2024Bloomberg ETF analyst Eric Balchunas said Anthropic’s valuation has increased 22 times since June 2024, based on market value estimates derived from disclosures by mutual funds that hold the company. He said that pace of growth is roughly 10 times that of the Nasdaq 100 and Nvidia over the same period. Balchunas also noted that Fidelity has the largest exposure to Anthropic among the funds mentioned, followed by CapGrp and BLK. Even so, the benefit to mutual funds has been limited because their portfolio weights in the company remain relatively small. The comment points to how sharply Anthropic’s private-market valuation has climbed, while also showing that listed fund investors may not capture much of that upside when the position size is modest.200
BlackRock2026-09-29 12:35:09BlackRock to add ETF share classes to five active mutual fundsBlackRock is set to offer ETF share classes for five active mutual funds with combined assets of $55 billion, according to a post cited by Techub News from Eric Balchunas. The move was described as part of a recent wave of announcements involving mutual fund-to-ETF conversions and clone products. The reported plan points to a wider shift in product structure as asset managers respond to investor demand for more ways to access markets through ETFs. The note also said capital continues to move into ETFs, reinforcing the direction of travel for the broader fund industry. No further details on the individual funds were provided in the source item.240
UBS Securitie2026-09-02 07:14:36UBS Strategist Meng Lei Sees 15% A-Share Earnings Growth in 2026UBS Securities China equity strategy analyst Meng Lei has raised his overall earnings forecast for A-share companies. In his latest comments, he said aggregate earnings of all A-share companies are expected to grow by 15% in the full year 2026. Meng attributed that view to an earnings recovery, incremental capital entering the market and a global technology narrative, and he expects A-shares to keep up a steady rebound for the rest of the year. Still, he flagged two uncertainties that could limit further upside. One is tied to macro factors: geopolitical developments, U.S. Treasury yields and oil price swings may weigh on the valuations of rate-sensitive technology sectors. The other is about positioning: with mutual funds already heavily overweight technology stocks, a wave of so-called “break-even redemptions” — investors exiting once their holdings return to the original cost basis — could restrain the rebound. Jinshi carried his comments, and the report appeared on Odaily.910
Franklin Temp2026-08-25 06:40:51Franklin Templeton plans to use tokenized fund BENJI in ETFs and mutual fundsFranklin Templeton is preparing to integrate its tokenized money market fund, Franklin Onchain U.S. Government Money Fund (BENJI), into exchange-traded funds and mutual funds as either a portfolio holding or collateral, in a structure tied to roughly $2.6 billion in assets. The move could begin as early as the fourth quarter. The U.S. Securities and Exchange Commission has allowed the structure under a no-action position, permitting Franklin Templeton funds to use BENJI for cash management and collateral purposes, though each fund’s board approval is still required. Franklin Templeton currently manages more than 130 ETFs with about $82 billion in ETF assets, alongside roughly $790 billion in mutual fund assets. The firm has already distributed tokenized funds through digital wallets and is planning additional tokenized products for broader use across its fund lineup. The tokenized asset market has now grown to more than $38 billion.1000
Franklin Temp2026-08-20 16:36:44Franklin Templeton Plans to Bring Tokenized Assets Into Traditional FundsFranklin Templeton is preparing to bring tokenized assets into traditional investment funds. The company said its digital-native products would be allowed for use in traditional funds for the first time after approval from the U.S. Securities and Exchange Commission. According to a public SEC letter and information disclosed by company executives, the firm plans to use its tokenized money market fund in ETFs and mutual funds. It could be held as a fund asset or used as collateral.1130
Technology St2026-08-04 04:44:10Tech-heavy mutual funds reeled in July as crowded AI and semiconductor bets reversedActive equity mutual funds that shifted heavily into technology in the second quarter came under sharp pressure during July’s sell-off in A-share tech stocks. According to CITIC Securities estimates cited in the report, active public funds’ allocation to the electronics sector reached a record 42.64% by the end of the second quarter. Wind data showed that 67 active equity funds sharply raised their TMT exposure, with average weighting climbing from 6.75% in the first quarter to 54.99% by the end of the second. The reversal hit funds that rotated out of consumer, liquor, healthcare, dividend and other traditional holdings and into AI, semiconductors and computing-power names near the June highs. Funds managed by well-known stock pickers including Zhang Kun, Liu Yanchun, Ke Haidong and Zhu Shaoxing were cited as examples of the broader repositioning. In July, the ChiNext Index fell 25.29%, the STAR 50 Index dropped 28.06%, and the STAR Composite Index lost more than 30% by July 30. The report also highlighted newly launched funds that built positions during the June peak and then saw net asset values slide below CNY 0.6. It cited Guotai Haitong New Energy Ruixuan Mixed Initiated A and Rongtong New Materials A as examples. The article was originally published by the Economic Observer, written by Hong Xiaotang and Zhang Pengrui.2210
mutual funds2026-07-29 14:30:57Mutual funds saw $23 billion in net outflows in June as equity funds kept bleedingBloomberg ETF analyst Eric Balchunas said on X that June flow data for mutual funds showed net outflows of $23 billion. Equity funds continued to post outflows, while money market funds drew more capital than expected. Other fund categories, he said, were trying to hold on to positive inflows. The data points to continued pressure in stock-focused mutual funds during the month, even as cash-like products attracted stronger demand. Balchunas attributed the figures to June mutual fund flow data and highlighted the contrast between persistent equity fund redemptions and stronger-than-expected money market fund inflows.1840
UBS2026-07-24 03:33:09UBS says mutual funds’ A-share hard-tech exposure hit record highs in Q2 2026UBS said in its latest China equity strategy report that public mutual funds sharply increased exposure to A-share hard-tech names in the second quarter of 2026, pushing big-tech holdings to a record 57.3% and overweight positions to 18.5%. Electronics led the move with a 20.2 percentage-point jump in quarterly positioning, while telecom and machinery also saw increases. Holdings in the STAR Market and ChiNext both climbed to record levels, pointing to broader demand for higher-beta technology assets rather than a narrow move into a few leaders. The report also cited signs of a foreign capital return. Public estimates from China Merchants Securities and Guosen Securities put northbound net inflows in the quarter at roughly RMB 223 billion and RMB 219.3 billion, respectively, reversing a net outflow in the first quarter. Under UBS’s industry classification, industrials and IT were the main destinations. UBS said the shift is being reinforced by product structure as well: actively managed technology-focused funds now account for 27.5% of actively managed public-fund AUM by its definition, another record. At the same time, the bank warned that crowded positioning and still-evolving deleveraging conditions could amplify short-term swings, even as earnings revisions and policy support continue to back the hard-tech trade.710
