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11.06.26 13:00:00 Preservica and Cadence Solutions Bring Digital Preservation to Microsoft 365 Users

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BOSTON, MA AND EDMONTON, AB / ACCESS Newswire / June 11, 2026 / Preservica, the global leader in Active Digital Preservation archiving, announced today the expansion of its reseller program through a new partnership with Cadence Solutions. Cadence Solutions is a private Canadian systems implementer specializing in digital transformation using Microsoft 365, including SharePoint, Purview, and Archive capabilities. Cadence Solutions also supports customers with Microsoft Copilot enablement and AI readiness.

Through this partnership, Cadence Solutions becomes an authorized reseller of Preservica's Professional, Enterprise and Preserve365® solutions for customers in Canada and the United States. The addition of Digital Preservation to Cadence Solutions' suite strengthens support for customers using Microsoft 365 as the foundation for core business functions and long-term records governance.

As a Microsoft Content AI Partner with deep expertise in Microsoft Purview, SharePoint, SharePoint Embedded, and Microsoft 365, Cadence helps organizations manage, protect, and modernize critical business content. Cadence is also one of only 24 global Microsoft Risk and Compliance Advisory Program partners, supporting organizations with practical strategies for governance, retention, security, and regulatory compliance across the Microsoft ecosystem.

"By combining Microsoft's ecosystem with Preservica's latest innovations in scalable, secure Automated Digital Preservation, our customers can now build and maintain a trusted foundation of high-quality, long-term data within Microsoft 365 to meet a variety of legal compliance obligations and optimize their ecosystem for AI agent learning," said Jordan Uytterhagen, Founder and CEO of Cadence Solutions.

"Partnering with Cadence Solutions means we can bring the benefits of Active Digital Preservation to more organizations that need it most," said Mike Quinn, CEO of Preservica. "There are countless organizations sitting on decades of critical records that are at risk of becoming inaccessible or obsolete - and Cadence Solutions has exactly the right expertise and client relationships to change that. Together, we're making it easier than ever for organizations to protect their long-term data, meet their compliance obligations, and unlock the full value of their digital content for generations to come."

The Preserve365 integration in Microsoft SharePoint allows organizations to:

Ensure long-term, high-value records native to Microsoft and those that are not native to Microsoft remain accessible, trustworthy, and usable - whether for FOI, legal, regulatory, operational, knowledge reuse, or AI purposes Simplify access to current data AND older, high-value content - all within SharePoint Leverage native Microsoft 365 tools like Purview, Power Automate, Azure AI Services, and Microsoft Copilot Automate compliance and reduce storage costs

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Join Cadence Solutions and Preservica on Tuesday, June 30 at 2:00 PM EST / 12:00 PM MST for an informative webinar on how Cadence Solutions helps organizations successfully implement Preserve365 within Microsoft environments.

Reserve your spot today at Preservica and Cadence Solutions Partner Webinar: Fostering a Stable SharePoint Environment.

To learn more about Cadence Solutions' Preserve365 implementation services, visit www.cadencesolutions.ca/preservica-implementation-partner.

About Preservica

Preservica is changing the way thousands of organizations around the world protect and re-use long-term digital information. Preservica's unique patent pending Active Digital Preservation™ archiving software automatically keeps every file alive in future-friendly formats over decades to ensure that critical, high-value information can always be quickly found and actioned for FOI, compliance, legal, brand, knowledge reuse and cultural needs. The UK National Archives, Texas State Library and Archives, MoMA, Yale and HSBC are some of the leading corporations, archives, libraries, museums and government organizations around the world that trust their data protection and future-proofing to Preservica. For more information, visit preservica.com, Twitter and LinkedIn.

About Cadence Solutions

Cadence Solutions helps businesses streamline their operations while safeguarding critical information, with a focus on cloud migrations, automation, and comprehensive governance solutions. As a trusted Microsoft partner in Modern Work, Content AI, Security, and the exclusive, invite-only Microsoft Risk and Compliance Advisory program, the team specializes in helping organizations harness the full power of Microsoft 365. Cadence Solutions' expertise in Information Management, SharePoint, Purview, and the Power Platform enables the design of tailored, scalable systems that support business growth and data governance.

Contact Information Meg Fornataro York IE (603) 202-3175

SOURCE: Preservica

View the original press release on ACCESS Newswire

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10.06.26 20:19:31 Fresh off bond sale, Amazon borrows $17.5 billion from banks as AI spending continues

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Image Credits:Matthias Balk/picture alliance / Getty Images

Companies are burning through exorbitant sums of money to keep pace in the AI arms race. Debt is climbing. Amidst this flurry of activity, Amazon has signed a deal to borrow some $17.5 billion from a number of financial lenders, according to Bloomberg.

The banks behind the loan reportedly include Citigroup, JPMorgan Chase, Wells Fargo, HSBC, and BofA Securities. The deal has been characterized as a delayed draw term loan, meaning Amazon can draw down the funds on its own timeline rather than taking the full sum upfront, giving it flexibility in how and when the money gets deployed.

The loan comes just two days after it was reported that Amazon would also raise $14 billion in a Canadian bond sale, bringing its total new financing to roughly $31.5 billion in the span of roughly 48 hours.

It’s not clear exactly how Amazon plans to spend all the new money. Reuters notes that the new loan will be used for “general corporate purposes.” TechCrunch has reached out to Amazon for more information.

Amazon is hardly alone. To fund new AI infrastructure like chips and data centers, companies are leveraging historic capex. Increasingly, companies are borrowing money to fund their massive AI buildouts. The question investors and analysts are increasingly asking isn’t whether this spending is necessary — it’s whether the returns will ever justify it.

The scale of the borrowing is striking even by Silicon Valley standards. About a week ago, Google parent company Alphabet said that it planned to raise $80 billion through a stock sale designed to help “fund its investments in a balanced way while retaining a healthy balance sheet.” Meta has also announced plans to raise $30 billion in a bond sale — its largest ever.

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10.06.26 19:37:40 Amazon Secures $17.5 Billion Loan After Record C$14 Billion Bond Sale

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This article first appeared on GuruFocus.

Amazon.com (NASDAQ:AMZN) is leaning even harder into the AI spending race. Soon after selling the biggest Canadian corporate bond deal on record, the company secured access to a $17.5 billion delayed-draw term loan from a group of banks including Citigroup. The loan will be available until the end of September, and each time Amazon draws on it, the company will have three years from that borrowing date to repay the money.

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The timing matters. Amazon has already committed major capital to AI, including as much as $50 billion in cash for OpenAI, starting with an initial $15 billion commitment. Anthropic also said two months later that Amazon agreed to invest another $5 billion, with the possibility of $20 billion more over time. CreditSights analysts Jordan Chalfin and Michael Pugh said the new loan could help fund those equity investments, while also suggesting Amazon could possibly become a future equity-issuance candidate after large stock sales from other major companies including Alphabet, which raised $84.75 billion last week.

This is not just another routine borrowing. Amazon's unsecured loan will pay 0.625 to 0.875 percentage point above SOFR, depending on its senior unsecured credit rating, with JPMorgan Chase, Bank of America, HSBC, Wells Fargo and more than a dozen other banks also involved. The deal follows Amazon's C$14 billion Canadian-dollar bond sale, worth about $10 billion, and comes after the company has also sold bonds in euros, US dollars and Swiss francs since March. For investors, the message could be simple: Amazon is raising capital across markets as big tech keeps borrowing heavily to fund data centers, AI model makers and other AI assets.

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10.06.26 18:39:06 Amazon Taps $17.5 Billion Loan as AI Spending Race Intensifies

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This article first appeared on GuruFocus.

Amazon (NASDAQ:AMZN) secured a $17.5 billion senior unsecured delayed draw term loan facility with Citigroup (NYSE:C). Lenders also include JPMorgan Chase (NYSE:JPM), BofA Securities (NYSE:BAC), HSBC (NYSE:HSBC), and Wells Fargo (NYSE:WFC). The facility can be drawn until September 30, 2026, with any borrowed amount maturing three years from the draw date and no financial covenants attached. Amazon shares fell 2.10% intraday.

The loan is for general corporate purposes and gives Amazon the flexibility to draw funds as needed. Earlier this week the company also filed for a five-part debt offering in Canada for up to C$14 billion.

The moves reflect a broader shift among hyperscalers toward debt markets to fund AI buildouts. Combined Big Tech AI capital outlays are on track to surpass $700 billion this year, up from roughly $600 billion previously. Meta (NASDAQ:META) filed its largest bond offering ever last October at up to $30 billion, while Alphabet (NASDAQ:GOOG) recently disclosed plans for yen-denominated bonds.

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10.06.26 10:45:48 HSBC cuts Li Auto target on competition risks and weak profit outlook; shares fall

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Investing.com -- HSBC lowered its price target on Li Auto (HK:2015) (NASDAQ:LI) to $15.60 from $17.20 and maintained its Hold rating on the Chinese electric vehicle maker, flagging a more difficult competitive landscape and a weaker near-term profitability outlook as the company's product refresh cycle gets underway.

The bank also lowered its target for the Hong Kong-listed shares to 61 from 67 Hong Kong dollars.

The company's U.S.-listed shares slipped 1.4% in premarket trading by 06:17 GMT.

The bank revised its 2026 earnings outlook from a prior profit forecast to a loss, a move driven by three factors: weaker volume estimates, gross margin pressure from cost inflation, and a higher operating expense ratio as the company steps up research and development spending.

HSBC now expects Li Auto's 2026-28 earnings to come in 6%, 13%, and 9% below Bloomberg consensus, respectively.

The refreshed L9 SUV has shown an encouraging early start, with around 10,000 orders in its first two weeks and a product mix skewed toward higher-end trims. A new L8 model, expected to launch later this month, should provide further support.

HSBC said it expects a gradual recovery in deliveries and profitability through the second half of 2026, but warned that the upside is likely to be more moderate than in previous product cycles.

The bank's main concern is a structural one. "The key challenge is that industry demand is increasingly shifting towards premium BEVs, while Li Auto remains largely reliant on its EREV franchise," analyst Yuqian Ding wrote.

"With limited BEV refresh catalysts in 2026 and rising competitive intensity across both EREV and BEV segments, we see operational improvement but limited scope for meaningful earnings reacceleration, he added.

First-quarter 2026 vehicle gross margin held steady at 16.8%, reflecting a higher mix of lower-priced i6 BEV models, purchase-tax subsidies, and raw material cost inflation. While HSBC forecasts some margin recovery, it does not expect them to return to prior peak levels of around 19-20% anytime soon.

The new target price of $15.60 implies around 10% upside to current levels, which analysts said is insufficient to warrant a more constructive stance.

"We maintain a Hold rating on the stock as L series volume momentum may be capped this year given the intensifying competition in the large EV SUV segment," they wrote.

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10.06.26 09:36:00 HSBC Continental Europe: Pre Stabilisation Notice

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PARIS, June 10, 2026 (GLOBE NEWSWIRE) --

Sirius Real Estate Ltd.

Pre Stabilisation Notice

HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities

The securities: Issuer: Sirius Real Estate Ltd. Guarantor (if any): n/a Aggregate nominal amount: Tap Amount: EUR 35,100,000 / EUR 150,000,000 Description: Tap of 1.75% 24 Nov 2028 / Tap of 4% 22 Jan 2032 Offer price: TBC Other offer terms: Stabilisation: Stabilising Manager(s): HSBC Continental Europe, Barclays, BNP Paribas Stabilisation period expected to start on: 10th Jun 2026 Stabilisation period expected to end no later than: 17th July 2026 Existence, maximum size & conditions of use of over-allotment facility1: 5% of the aggregate nominal amount Stabilisation Venue(s) Over the counter (OTC)

In connection with the offer of the above securities, the Stabilisation Manager(s) may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilisation Manager(s) will take any stabilisation action and any stabilisation action, if begun, may be ended at any time. Any stabilisation action or over-allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Regulation (EU) 2017/1129 (the “Prospectus Regulation”) (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

Story Continues

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.


1 Please note that the existence and the maximum size of any greenshoe option, the exercise period of the greenshoe option and any conditions for exercise of the greenshoe option must also be disclosed, if such option exists. In addition, the exercise of the greenshoe option must be disclosed to the public promptly, together with all appropriate details, including in particular the date of exercise and the number and nature of securities involved

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10.06.26 08:12:00 Pre-stabilisation Announcement

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LONDON, June 10, 2026--(BUSINESS WIRE)--

PRE-STABILISATION ANNOUNCEMENT

Date: 10th June 2026

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

Aéroports De Paris S.A.

Pre-stabilisation Period Announcement

Natixis (contact: Christopher Agathangelou; telephone: 0158550814) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager(s) named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation (EU/596/2014) and the UK FCA Stabilisation Binding Technical Standards.

Securities

Issuer: Aéroports De Paris S.A. Guarantor(s) (if any): N/A Aggregate nominal amount: EUR Benchmark Description: 17-June-2035 Offer price: IPT : MS+120-125bps Other offer terms: N/A

Stabilisation:

Stabilisation Manager(s) BNP Paribas, CACIB, Goldman Sachs Bank Europe SE, HSBC (B&D), Natixis, Société Générale Stabilisation period expected to start on 06/10/2026 Stabilisation period expected to end no later than 30 days after the proposed issue date of the securities Existence, maximum size and conditions of use of over‑allotment facility The Stabilisation Manager(s) may over‑allot the securities to the extent permitted in accordance with applicable law Stabilisation trading venue(s) Over the counter (OTC) [insert venue name(s)] To be confirmed

In connection with the offer of the above securities, the Stabilisation Manager(s) may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

Story Continues

If and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with Regulation (EU) 2017/1129 (the "EEA Prospectus Regulation") (or which has been approved by a competent authority in another Member State and notified to the competent authority that Member State in accordance with the EEA Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the EEA Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

If and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK in accordance with Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UKProspectus Regulation"), this announcement and the offer are only addressed to and directed at persons in the UK who are qualified investors within the meaning of the UK Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260610422327/en/

Contacts

Natixis Syndicate

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10.06.26 06:50:00 IXUS vs. IEFA: Which International ETF Is Better for Most Investors?

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Key Points

The iShares Core MSCI Total International Stock ETF has outperformed the S&P 500 index in the past year (as of June 7). The iShares Core MSCI EAFE ETF has delivered a trailing 12-month dividend yield of 3.30%. Since it owns more stocks from a wider range of markets, the iShares Core MSCI Total International Stock ETF could be a better choice for long-term investors.10 stocks we like better than iShares Trust - iShares Core Msci Total International Stock ETF ›

Buying international exchange-traded funds (ETFs) is an easy way to tap into the growth potential of stock markets beyond America. There's no guarantee that other countries' stock markets will outperform the S&P 500 index. But owning shares in international companies can be a way to protect against a downturn in U.S. tech stocks or hedge against the risk of a weaker U.S. dollar.

Two iShares ETFs offer slightly different approaches to buying global stocks, and one is more diversified than the other. The iShares Core MSCI Total International Stock ETF(NASDAQ: IXUS) offers exposure to more than 4,000 global stocks from a wide range of markets, while the iShares Core MSCI EAFE ETF(NYSEMKT: IEFA) holds about 2,600 stocks with a focus on developed markets.

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In the past year, the more-diversified fund (IXUS) has slightly outperformed the S&P 500, with a total return of 25.8%:

IXUS Total Return Level data by YCharts

Understanding each international ETF's past performance and current holdings can help you decide which fund might be a better fit for your goals. Let's take a closer look.

Image source: Getty Images.

IXUS vs. IEFA: Head-to-head comparison

These two iShares international ETFs have some similarities. Both funds have low fees (expense ratios of 0.07%), and both are well diversified, with thousands of international stocks.

Here's a quick high-level comparison of these two ETFs: Metric iShares Core MSCI Total International Stock ETF (IXUS) iShares Core MSCI EAFE ETF (IEFA) Number of stocks 4,344 2,625 Top 5 countries 1. Japan : 14.99% of fund

  1. Taiwan: 9.01%

  2. United Kingdom: 8.29%

  3. Canada: 8.09%

  4. South Korea: 7.15% 1. Japan: 25.49% of fund

  5. United Kingdom: 14.08%

  6. France: 9.01%

  7. Switzerland: 8.51%

  8. Germany: 8.17% Year-to-date return (by net asset value) 14.6% 9.5% 10-year average annual total returns 9.9% 9.4% Dividend yield (TTM) 2.9% 3.3% Expense ratio 0.07% 0.07% Price-to-earnings (P/E) ratio 18.97 18.27

Data source: iShares.

In general, buying a diversified portfolio of stocks is better than putting too many eggs in one basket. That holds true when comparing these two international ETFs. The iShares Core MSCI Total International Stock ETF holds more stocks than the other fund, and it has outperformed year to date and in the past 10 years.

Both of these international ETFs offer strong dividend yields, but the iShares Core MSCI EAFE ETF has delivered a higher yield (3.3%). Both ETFs are priced more cheaply than the S&P 500 according to their price-to-earnings (P/E) ratios -- the S&P 500 has a P/E ratio of 31.83. Based on that valuation metric, international stocks might have more room to run.

What stocks are in IXUS and IEFA?

The different performance and dividend yields of these two international ETFs can be explained by what types of stocks and sectors are held by each fund. Each of these iShares funds invests in a slightly different mix of stocks, countries, and industries.

Here's a quick breakdown of the top five sector holdings of these two iShares ETFs: iShares Core MSCI Total International Stock ETF (IXUS) iShares Core MSCI EAFE ETF (IEFA) Financials: 21.8% Financials: 22.6% Information technology: 20.9% Industrials: 19.7% Industrials: 15.0% Information technology: 11.3% Consumer discretionary: 8.2% Healthcare: 9.4% Materials: 7.5% Consumer discretionary: 8.7%

Data source: iShares.

Here's the biggest high-level difference between these two funds: the iShares Core MSCI Total International Stock ETF is more tech-heavy. About 21% its assets are invested in tech stocks, compared with only 11.3% for the other fund.

For example, if you look at the top five stock holdings, you see the iShares Core MSCI Total International Stock ETF is all tech stocks: iShares Core MSCI Total International Stock ETF (IXUS) iShares Core MSCI EAFE ETF (IEFA) Taiwan Semiconductor Manufacturing: 4.35% of the fund ASML Holding: 2.62% Samsung Electronics: 2.35% HSBC Holdings: 1.25% SK Hynix: 1.75% Roche Holding: 1.15% ASML Holding: 1.55% AstraZeneca: 1.13% Tencent Holdings: 0.84% Novartis: 1.09%

Data source: iShares.

The top four holdings in the iShares Core MSCI Total International Stock ETF are all semiconductor stocks. They have performed well during the artificial intelligence (AI) boom, but what if the AI boom turns into a bust? The iShares Core MSCI EAFE ETF top five holdings include one semiconductor stock (ASML Holding), but the other top holdings are financial (HSBC, a major international bank) and pharmaceutical giants.

Both funds are well-diversified, but one fund has a little more exposure to AI stocks. If you want to diversify your portfolio away from the U.S. tech boom (in case of a future tech downturn), the iShares Core MSCI EAFE ETF could be a better choice.

Why buy IXUS instead of IEFA?

Both of these iShares funds can be good choices for investors who are internationally minded and want to diversify beyond the U.S. market. They're both low-cost index funds. The iShares Core MSCI EAFE ETF ranks among the best international ETFs.

But I believe that diversification is valuable in the long run. If you look at the past 10 years of performance, the more diversified fund, the iShares Core MSCI Total International Stock ETF, has slightly outperformed:

IXUS Total Return Level data by YCharts

This fund owns more than 4,300 stocks across a wide range of countries, including emerging markets such as South Korea and Taiwan. That might make it more volatile in the short run. But as a long-term investor, I'd rather have exposure to the growth potential of the world's up-and-coming economies.

Should you buy stock in iShares Trust - iShares Core Msci Total International Stock ETF right now?

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HSBC Holdings is an advertising partner of Motley Fool Money. Ben Gran has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends ASML, AstraZeneca Plc, Taiwan Semiconductor Manufacturing, and Tencent. The Motley Fool recommends HSBC Holdings and Roche Holding AG. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

10.06.26 04:32:22 A Look At HSBC (LSE:HSBA) Valuation After Recent Share Price Weakness

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HSBC Holdings stock overview

HSBC Holdings (LSE:HSBA) has drawn investor attention after recent share price moves, including a decline of about 4% over the past day and 7% over the past week.

See our latest analysis for HSBC Holdings.

Despite the sharp 1-day share price decline of 4.36% and 7-day share price decline of 6.98%, HSBC’s 10.04% year to date share price return and very large 5-year total shareholder return of 309.33% point to longer term momentum that has so far remained intact. Recent weakness may hint at shifting views on its growth potential and risk profile.

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With HSBC stock recently weaker despite a 10.04% year-to-date gain and very large 5-year shareholder returns, along with some implied discount to analyst and intrinsic estimates, should you see value here or assume the market already prices in future growth?

Most Popular Narrative: 8% Undervalued

With HSBC shares at about £13.11 versus a narrative fair value of £14.20, the current price sits below what this widely followed valuation framework suggests.

The bank is intensifying investment in Asian wealth management and private banking, leveraging a strong brand and local presence in fast-growing wealth markets like Hong Kong, mainland China, and Southeast Asia. This positions HSBC to capture rising affluence and middle class expansion, which in turn could fuel future growth in fee income and support more resilient earnings and higher margins. HSBC's global network and expertise in facilitating cross-border trade also place it in a distinctive position to participate in the continued expansion of Asian intra-regional and international trade flows and Belt and Road-related capital movement, with the potential to drive stronger, sustained growth in transaction banking revenues and non-interest fee income.

Read the complete narrative.

Curious what kind of revenue run rate, margin uplift and future P/E this story needs to hold together? The narrative leans on a bold mix of growth, efficiency and re rating assumptions that go well beyond headline earnings trends.

This narrative uses an 8.4% discount rate to bring projected cash flows back to today, alongside specific views on future earnings growth, profit margins and valuation multiples. It also embeds expectations for how HSBC reallocates capital across Hong Kong, the UK, corporate banking and international wealth, while balancing higher returns in Asia with the risks highlighted in recent research and news flow.

Story Continues

Result: Fair Value of £14.20 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this story still hinges on Hong Kong commercial real estate pressures and on HSBC’s heavy exposure to Asia not having a greater impact on margins and credit costs.

Find out about the key risks to this HSBC Holdings narrative.

Another View On HSBC’s Valuation

Those fair value estimates of about £14.20 and a 40.6% discount to intrinsic value sit alongside a much less generous picture from earnings multiples. HSBC trades on a P/E of 14.3x versus 11.3x for European banks, 10.3x for peers and a fair ratio of 10.8x, which points to a richer price tag and less margin for error if sentiment turns.

See what the numbers say about this price — find out in our valuation breakdown.LSE:HSBA P/E Ratio as at Jun 2026

Next Steps

Mixed messages on value and risk here can be confusing. Review the underlying data quickly, compare both sides, and weigh the 3 key rewards and 3 important warning signs.

Looking for more investment ideas?

If HSBC has you rethinking your portfolio, do not stop here. Broaden your opportunity set with a few focused stock ideas sourced from the Simply Wall Street Screener.

Target reliable income potential by scanning companies described as 5 dividend fortresses that may appeal if you prioritise cash returns alongside capital preservation. Spot potential value opportunities early by reviewing the screener containing 12 high quality undiscovered gems that other investors might be overlooking right now. Reduce portfolio stress by concentrating on 3 resilient stocks with low risk scores and get a clearer view of which stocks may help stabilise your returns.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include HSBA.L.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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09.06.26 11:05:00 VXUS Has Delivered Better Returns Than IEFA Over the Past 5 Years. Should It Be in Your Portfolio?

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

In 2026, the Vanguard Total International Stock ETF (NASDAQ: VXUS) has returned 11.5% compared to a 7.9% gain for the iShares Core MSCI EAFE ETF (NYSEMKT: IEFA). That year-to-date outperformance has pushed the Vanguard ETF ahead on a trailing one-, three-, five-, and 10-year basis.

Both international exchange-traded funds (ETFs) invest in a wide variety of foreign stocks, but the biggest difference is the markets they invest in. The iShares Core MSCI EAFE ETF holds more than 2,600 stocks, but they're all from developed markets. The Vanguard Total International Stock ETF holds 8,700 stocks, spanning both developed and emerging markets.

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The choice between them comes down to whether you want emerging markets exposure. I prefer the ETF that owns those markets.Image source: Getty Images.

iShares Core MSCI EAFE ETF

This ETF tracks the MSCI EAFE IMI Index. It invests in companies of all sizes from developed markets outside the United States and Canada. It's comprehensive exposure to these countries with an expense ratio of just 0.07%, one of the lowest in this category.

The top five holdings currently are:

ASML Holdings (2.44% of the index) HSBC Holdings (1.26%) Roche (1.15%) AstraZeneca (1.12%) Novartis AG (1.12%)

The fund has more than 60% of its assets in the eurozone, so the next big catalyst could come from there. I see European defense spending potentially providing the upside push. By 2035, NATO allies have committed to spending 5% of GDP annually on core defense, up from the 2% requirement in place today. The biggest percentage of spending growth is likely to come from Europe and Canada, which increased an estimated 16% year over year in 2025.

This ETF has nearly 20% of its assets invested in industrials, the second-largest sector holding.

Vanguard Total International Stock ETF

This ETF follows the FTSE Global All Cap ex US Index. It targets virtually every investable stock outside of the United States. Canada, which is absent from the iShares ETF, accounts for 8% of this fund. Emerging markets are 27% of the portfolio.

The top five holdings currently are:

Taiwan Semiconductor Manufacturing (4.25% of the index) Samsung (1.79%) ASML Holdings (1.42%) SK Hynix (1.22%) Tencent Holdings (0.95%)

The added exposure to tech and emerging markets is evident in the top holdings. But I think China and Taiwan could be differentiators going forward. Chinese stocks are on the downswing again as slowing growth, geopolitical tensions, and trade tensions remain risks. Both countries are heavy importers of oil, and any prolonged conflict in the Middle East could drag on returns.

Story Continues

Despite this, I still think the Vanguard Total International Stock ETF is the winner. Emerging-market exposure is important for a well-rounded equity portfolio. Plus, it tends to offer better value and higher long-term return potential. That potential is already evident in 2026.

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HSBC Holdings is an advertising partner of Motley Fool Money. David Dierking has positions in Vanguard Total International Stock ETF. The Motley Fool has positions in and recommends ASML, AstraZeneca Plc, Taiwan Semiconductor Manufacturing, and Tencent. The Motley Fool recommends HSBC Holdings and Roche Holding AG. The Motley Fool has a disclosure policy.

VXUS Has Delivered Better Returns Than IEFA Over the Past 5 Years. Should It Be in Your Portfolio? was originally published by The Motley Fool

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