Hints and tips:
...S&P Dow Jones Indices, September 21, 2023: Look, the Morningstar report that Institutional Investor cites is as legit as the SPIVA scorecard from S&P DJI....
...Since 1964, Berkshire shares have returned 4.4mn per cent, far outstripping the 31,233 per cent gain by the benchmark S&P 500....
...Additional reporting by George Russell in Hong Kong and Harriet Clarfelt in New York Letter in response to this article: It’s no surprise that ESG investment ratings unravel / From J Richard Finlay, Founder...
...sector output was the greatest seen since the beginning of this year and stood in contrast to solid growth during the spring months.”...
...“Under Governor [Kazuo] Ueda’s leadership, the BoJ is moving to a more pragmatic approach,” said Iain Stealey, international CIO for fixed income at J.P. Morgan Asset Management....
...This is an under-owned asset class and you can access it via local currency ETFs from the likes of iShares (iShares J.P. Morgan EM Local Government Bond UCITS ETF, ticker SEML)....
...What began this spring as a lopsided bounce in the magnificent seven tech stocks has, since early June, spread out....
...By contrast J&J, which gets 84 per cent of its revenue from pharma and medical device sales, trades at about 18 times. J&J would keep at least 80.1 per cent of the voting shares after the spin-off....
...Charles Schwab started polling retail investors in three funds last year, Vanguard ran a pilot project involving three funds this spring and State Street launched a larger programme in April....
...Insurance broker Arthur J Gallagher reported a Covid flight policy in 2022 and 2021, and dropped pandemic references from its regulatory filings this year....
...That compares to Nike’s 4 per cent decline and the S&P 500’s 7 per cent drop over the same period....
...Citigroup Inc. macro strategists offer a similar calculus, showing a median drop of 5.4% in the S&P 500 over two months could follow a liquidity drawdown of such magnitude, and a 37 basis-point jolt for...
...The full annual round-ups from the likes of S&P Dow Jones Indices and Morningstar won’t be out for a while, but FT Alphaville got some of the preliminary data from Morningstar....
...American Eagle cleared its excess spring and summer merchandise by resorting to sales that hit profits by $30mn....
...(Patrick Temple-West) Record year for climate pressure on Japan Inc It has been a historic year for environmental activism at Japan Inc....
...After more than 200 basis points (bps) of year-to-date spread widening, the yield on the J.P. Morgan Corporate Emerging Markets Bond Index (CEMBI) Broad Diversified High Yield Index is now 10.3%....
...Companies in England face an “iceberg” next spring, with a £3bn jump in business rates — the taxes they pay based on the rental value of the property they occupy....
...Davos in the spring? Why not? Gillian, Simon and several of our colleagues will be on the ground. We will be publishing daily to keep you updated on the key debates....
...Several supporters of abortion access, such as the Don’t Ban Equality coalition of companies including J Crew and Tinder, have also cited an economic case for it....
...Q1, Novo Nordisk Q1, Regeneron Q1, Securitas Q1, Uber Technologies Q1, UniCredit Q1, Volkswagen Q1, J D Wetherspoon Q3, Yum Brands Q1 Thursday China, UK: S&P/Caixin services PMI EU, S&P eurozone productivity...
...$41.1m, according to S&P Capital IQ....
...Merck sold its consumer products division to P&G in 2018. A year later GSK and Pfizer formed a joint venture from their consumer products divisions, which they plan to spin off next year....
...Berkshire shares, by contrast, have rallied 18 per cent this year, far outpacing the S&P 500. In 2021, they gained nearly 30 per cent....
...This is the view of my friend Chris Rossbach, chief investment officer at J Stern & Co....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p. 39)....
International Edition