Hints and tips:
...Corporate earnings reports out today include Daiwa House REIT Investment, Total Access Communication and Ultra Tech Cement....
...Dow Jones Indices, teamed up in 1999 to create what is now known as the Global Industry Classification Standard (GICS) a 4-tiered system comprised of 10 sectors, 24 industry groups, 67 industries and 156 sub-industries...
...The S&P 500 airlines industry sub-index declined more than 3 per cent to 304.74. Shares of Delta Air Lines fell 3.8 per cent to $43.26 while United Continental Holdings dipped 4.8 per cent to $64.01....
...And with hedge funds having had their fourth consecutive year of sub-10 per cent growth, pension funds such as Calpers are reconsidering their investments....
...Through Reits [real estate investment trusts], preferred securities and high-yield bonds we have continued to get high yields,” Mr McCaughan says of a strategy he believes will work further afield....
...So far, most of the capital raised in recent months has gone into equity Reits which own assets instead of mortgage Reits like Colony Financial. Indeed, Reits have raised over $20bn so far this year....
...Fears that rising defaults in the sub-prime sector might be the harbinger of wider troubles also hit shares in Reits, with the MSCI US Reit Index 1.9 per cent lower....
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