Hints and tips:
...To find shorter average maturity than the UK passive index-based products, you can widen your search to active management and global linker funds....
...Simon Klein, global head of Xtrackers sales at DWS, said the new ETFs made it easier for income-focused investors to gain exposure to a diversified fixed-income portfolio that has many characteristics of...
...Invesco, the only other manager to offer target maturity date fixed-income ETFs, under its BulletShares brand, also reports a surge in interest with flows across its entire US target maturity product range...
...Just one of the funds tracking the S&P Global Clean Energy index — an exchange-traded fund run by BlackRock’s iShares — has net assets of $5.5bn....
...Elisabeth Kashner, director of global fund analytics at FactSet, believed outflows from “narrow bond market segments” were “not surprising, as investors are using specialised bond ETFs to express short-term...
...There are significant differences in allocations between “Hot Hand” funds and the broader global universe. On a relative basis they have much greater exposure to the US and mainland China....
...Liquidity: intu has £283mn of debt maturities and swap settlements within the next 12 months. intu currently has £168.3mn of cash (pro forma for Puerto Venecia sales proceeds), which we estimate equates...
...It has raised fears that wealthy taxpayers may flee to warmer and more generous climates like Florida or Puerto Rico....
...It attracted $1.7bn worth of FDI in 2017, far lower than the ambitious target of $2.5bn. Likewise, the government has failed to improve the country’s global ranking for ease of doing business....
...At the time, she was studying physics at the University of Puerto Rico....
...As an appointee in the Obama Administration, Weiss became the White House’s point-person on its response to the growing fiscal crisis in Puerto Rico, alongside US Treasury boss Jack Lew....
...We also wonder whether it would be desirable, never mind popular, for Detroit and Puerto Rico to “receive a comparable response from the Fed” as the failures of AIG and Bear Stearns, as Konczal and Mason...
...– From the NYT again: “The teachers’ pension fund in Puerto Rico looks very much like a legalized Ponzi scheme — one that might hold a warning for teachers across America....
...Puerto Rico wants to raise funds and ease liquidity concerns over its $70bn debt load....
...Four fifths of all journeys in this country are by road, yet we rank behind Puerto Rico and Namibia in the quality of our network....
...When I was at the IMF/World Bank meetings in Washington this month, people were talking about how the next target for the international vulture/ distress funds would be Puerto Rico....
...The fund will target annual income of 8.4 per cent by providing credit to short-term lending companies offering residential property bridging finance loans....
...Many of them have raised fresh funds recently, which means cash for new deals and fee income to pay dealmakers....
...The two-year bond yield – one of the maturities the central bank could target – has plunged from a peak of more than 7 per cent last year to 2.59 per cent yesterday....
...Debt issued by the commonwealth of Puerto Rico, which is rated triple B, also is considered to be high-yield by some managers....
...Target maturity funds are also gaining traction in Germany and creeping into the Spanish market. Appetite for income is also emerging in exchange traded funds....
...(Bloomberg) ResCap creditors target cash from Ally asset sales: “A group of creditors owed billions of dollars by Ally Financial Inc.’s mortgage subsidiary wants cash from a string of asset sales before...
...The Liberal Democratic party leader also has a domestic target: the Bank of Japan....
...The popularity of Target Maturity funds in Italy allowed Banco Popolare Societa Cooperativa to take top spot Europe-wide in terms of new fund launches, with Pioneer Investments close behind....
...Puerto Rico is one issuer that could cause widespread distress....
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