How JPMorgan and BlackRock are thinking of playing fund manager M&A

  • Top brass from JPMorgan and BlackRock, among the firms to kick off earnings season with their results, said Tuesday that they expect more consolidation in the wealth- and asset-management industries.
  • Pressures on money managers have fueled a flurry of acquisitions in those areas this year, and analysts questioned executives about their own deal ambitions, albeit coming from different corners of the market. 
  • JPMorgan boss Jamie Dimon said the bank would be “very interested” in deals in that space, and BlackRock finance chief Gary Shedlin said the firm was focused on targets that could expand its technology, global distribution, and private markets capabilities.
  • Last week, Morgan Stanley said it would buy investment manager Eaton Vance in a deal valued at $7 billion just days after it closed on its E-Trade acquisition. 
  • Visit Business Insider’s homepage for more stories.

Top brass at the world’s largest asset manager and largest US bank told

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BlackRock Science And Technology Trust: Tech Monthly Payer, 12% Dividend Growth (NYSE:BST)

As we’ve often noted in our recent articles, high or even moderate dividend yields are hard to come by in the tech sector. Indeed, the top three performing sectors so far in 2020, tech, consumer discretionary, and communications services, have low dividend yields of .97%, .64%, and 1.09%, respectively.

Income investors are often faced with the challenge of whether to try and trade in and out of stocks in order to reap capital gains vs. holding higher yielding stocks for income. Of course, in a topsy turvy year like 2020, that conundrum is even more challenging.

Some income investors use ETFs, mutual funds or closed-end funds to get a piece of the tech action.

BlackRock Science and Technology Trust (BST) is a CEF which offers you a way to solve the income problem, and still benefit from tech.

It currently yields 4.61%, pays monthly, and uses a covered call strategy

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BlackRock, Sands Capital Lead $300-Million Investment in Byju’s

The BYJU'S learning app.

Photographer: Dhiraj Singh/Bloomberg

India’s online education startup Byju’s raised funding from BlackRock Inc., Sands Capital and Alkeon Capital, as the company expands to meet growing demand for its services.

The round totaled about $300 million and values Byju’s at about $11 billion, according to a person familiar with the matter. Existing backers Tiger Global, General Atlantic and Owl Ventures also invested, the company said, while private equity giant Silver Lake put money into the startup earlier this month.

Byju Operations And Interview With The Edu-tech Startup CEO Byju Raveendran

Photographer: Dhiraj Singh/Bloomberg

Investors are increasing support for India’s edtech startups as the country’s pandemic challenge spreads and closes schools. Byju’s was founded by Byju Raveendran, a former teacher and son of educators, who conceived the smartphone app in 2011.

Read more: Billionaire Milner Nears $400 Million Funding in Byju’s

The company, whose investors also include Facebook founder Mark Zuckerberg’s Chan Zuckerberg Initiative, caters to students from kindergarten through

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BlackRock Science And Technology Trust: A Growth And Dividend Magnet (NYSE:BST)

The following immortal Neil deGrasse Tyson quote just about sums up my view on the high-quality BlackRock Science and Technology Trust (BST):

Innovations in science and technology are the engines of the 21st-century economy; if you care about the wealth and health of your nation tomorrow, then you’d better rethink how you allocate taxes to fund science. The federal budget needs to recognize this.”

Even before the impact of the pandemic was known, science and technology stocks were outperforming the broader market. Science and technology will also lead us in the post-COVID-19 age. I’m sure many will agree.

01BST.jpg

Source: Twitter (@LeadLagReport)

The sector was doing very well before the pandemic and is expected to do better in its aftermath. So, yeah, I’m very bullish on BST for the long term, both as a dividend play and growth play. BST invests in current leaders and emerging winners in the field

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