Montier argued that they are confusing the distribution of economic outcomes — and the forecast of those outcomes — with the distribution of
asset market returns.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft
market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and
markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16)
returns on pension plan
assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
Investors who were underweight on the Canadian
market because of negative outlooks on the Canadian dollar, oil and other commodities are
returning, says Lesley Marks, senior vice-president and chief investment officer, Fundamental Canadian Equities, at BMO
Asset Management.
With geopolitical tensions in places like Ukraine, emerging
market selloffs in countries like Turkey and U.S. stocks» choppy start to 2014, more investors are seeking out hard
assets as an opportunity to diversify a portfolio, hedge against inflation and pursue a solid
return in something unrelated to the equity
markets.
LONDON, April 20 - British emerging
markets - focused hedge fund Onslow Capital Management has closed after a long period of low volatility hit
returns and
assets fell below a sustainable level, it said in a letter to investors.
European
markets closed marginally higher on Tuesday as tensions between the U.S. and North Korea showed signs of subsiding, prompting investors to
return to riskier
assets.
But because their
assets tend to perform better during better economic times, these stocks often see higher
returns than other parts of the
market during upswings, says Stammers.
Traditionally, most elect the target - date investment fund, which is a mutual fund that will
return your various
assets (stocks, bonds, and cash) at a fixed retirement date — depending on how well the
market performs over time.
For example, the Vanguard Balanced Index Fund seeks — with 60 % of its
assets — to track the investment performance of a benchmark index that measures the investment
return of the overall U.S. stock
market.
In that time, shareholders earned a 500 percent
return,
market cap increased from $ 700 million to $ 10 billion, and client
assets reached $ 280 billion.
It's also a costly one, if the stats are correct that 80 % to 90 % of
returns are attributable to the
asset mix decision alone, not
market timing, not securities selection, not luck.
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key
markets; the risk that we or our channel partners are not able to develop and expand customer bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty
returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our investments may experience periods of significant stock price volatility causing us to recognize fair value losses on our investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable
assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
The
market expecting the Fed to remain on hold, which «should allow premia to
return in the curve» and limit a downturn in risky
assets.
Bill Ackman has seen his hedge fund's
assets cut more than in half from their peak above $ 20 billion in 2015 as institutional investors flee Pershing Square's abysmal
returns amid a roaring bull
market.
He singled out specifically what he believes to be the most important factor behind the
returns in risk
assets, namely the stock
market:
And Elliott, whose 13.4 % annual rate of
return over its four - decade history is unmatched among hedge funds, has also outperformed at a time when that
asset class has woefully lagged the
market.
Benjamin Tal and Royce Mendes, economists at CIBC World
Markets, estimate that Canadians currently hold about $ 75 - billion in excess cash that they typically would have used to purchase
assets that promise a
return.
Millennium Wave Investments cooperates in the consulting on and
marketing of private and non-private investment offerings with other independent firms such as Altegris Investments; Capital Management Group; Absolute
Return Partners, LLP; Fynn Capital; Nicola Wealth Management; and Plexus
Asset Management.
A lot of academics have analyzed total
market returns based on indices and done Monte Carlo simulations of portfolios with various
asset allocations, and have come up with percentages that you can have reasonable statistical confidence of being safe.
The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based Compensation depends shall relate to one or more of the following Performance Measures:
market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins,
return on equity or stockholder equity, total shareholder
return,
market capitalization, enterprise value, cash flow (including but not limited to operating cash flow and free cash flow), cash position,
return on
assets or net
assets,
return on capital,
return on invested
In short, I'd much rather have «post-tax»
assets that earn a consistent 7 % annual
return than keep it in a 401K which generally fluctuates pretty wildly with the stock
market.
It intends to give investors higher
returns by eschewing
market capitalization weightings in and across equity
asset classes.
That some of the forces governing capital flows and
asset values are driven not by
market - determined expected
return but by policy measures directed at, for example, an exchange rate objective means that at least some of what we observe in global capital
markets may be attributed to these distortions.
Over the next seven years, shareholders enjoyed a 500 %
return as the firm grew its
market cap from $ 700 million to $ 10 billion, and client
assets reached $ 280 billion.
The following may be true of a potential takeover: • the company has fewer than 50 million shares outstanding; • management is dominated by persons near retirement age; • management's record on innovations and improving
returns has been poor; • the company owns
assets whose
market values are potentially higher than those shown on the balance sheet; • outside investors have been steadily buying the stock.
Asset allocation and diversification may not protect against
market risk, loss of principal or volatility of
returns.
A rebound of Japan's economy and stock
market is attracting
assets and
returns, at different levels.
Those
returns were incredibly volatile — a stock might be down 30 % one year and up 50 % the next — but the power of owning a well - diversified portfolio of incredible businesses that churn out real profit, firms such as Coca - Cola, Walt Disney, Procter & Gamble, and Johnson & Johnson, has rewarded owners far more lucratively than bonds, real estate, cash equivalents, certificates of deposit and money
markets, gold and gold coins, silver, art, or most other
asset classes.
This allows the team to be
market aware and incorporate forward - looking estimates to make considered assumptions on expected risk and
return, in addition to assessing historical
asset class
returns.
Every year, a quantitative group within Franklin Templeton Multi-
Asset Solutions reviews the data and themes driving capital
markets in order to build
asset return expectations for different
asset classes for the next five to 10 years.
The First Trust Preferred Securities & Income ETF (FPE) has surpassed the broad
market strategy SPDR DoubleLine Total
Return Tactical ETF (TOTL) in terms of
assets to land the No. 1 spot in the segment.
Under the Bonus Plan, our compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may include any calculation of earnings, including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit,
return on
assets,
return on capital,
return on equity,
return on investment,
return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to
market, total stockholder
return, working capital, and individual objectives such as MBOs, peer reviews, or other subjective or objective criteria.
Assets under management in the passive index trackers or exchange traded product (ETP)
market in Europe have doubled in size in the last five years, as investors tire of high fees and unpredictable
returns.
The first is that active management is important for delivering above -
market returns in this environment; the ability and agility to alter a portfolio's
asset allocation mix over time can deliver significant benefits.
Thus, many emerging
markets» growth rates in the next decade may be lower than in the last — as may the outsize
returns that investors realised from these economies» financial
assets (currencies, equities, bonds, and commodities).
He modified the original Fama - French five - factor model to account for research finding that, because there is no real - time
market price for illiquid private
assets,
returns are appraisal - based and subject to manager judgment.
The PRC sets ranges for the balanced
asset mix and makes tactical adjustments based on bottom - up forecasted
returns, relative valuations and an assessment of economic and
market data.
All of these things lead me to believe that Brookfield
Asset Management will continue it's record of delivering total
returns that outpace the overall stock
market, both in Canada and the United States.
We see muted
returns across
asset classes in the coming five years, as structural dynamics such as aging populations help keep us in a low -
return world, and we believe investors need to go beyond broad equity and bond exposures to diversify portfolios in today's
market environment.
Many of the most successful institutional investors have consistently protected their downside and earned higher
returns by adding private
market assets like real estate to their portfolios.
As you can see when looking at the other
asset allocations, adding more fixed income investments to a portfolio will slightly reduce one's expectations for long - term
returns, but may significantly reduce the impact of
market volatility.
This continuous pricing and the ability to place limit orders — means the ETF's performance for any given time period is based largely on the
market price
return during the holding period, rather than on the ETF's net
asset value (NAV)-- the value of the stocks held by the ETF.
Of course,
asset allocation is rooted in the idea that maximizing
returns isn't the only objective of an investing strategy: You also want to manage risk, especially if you're getting closer to retirement and wouldn't have time to recover from a significant loss in the
market.
Eugene Fama and Kenneth French develop the three - factor
asset pricing model, which identifies
market, size, and price (value) factors as the principal drivers of equity
returns.
From record - breaking stock
market returns to falling unemployment, the U.S. has no shortage of positive economic indicators, and the majority of investors say they feel confident about achieving both their short - and long - term goals, according to the latest «Morgan Stanley Investor Pulse Poll,» which surveyed more than 1,200 investors age 25 to 75 with over $ 100,000 in
assets.
Assumptions and forecasts used by SSgA FM in developing the Fund's
asset allocation glide path may not be in line with future capital
market returns and participant savings activities, which could result in losses near, at or after the target date year or could result in the Fund not providing adequate income at and through retirement.
Equities are essentially 50 - year duration investments at current valuations, and even if investors are passive and don't hold any view about future
market returns at all, one of the basic principles of financial planning is to align the duration of ones
assets with the expected horizon over which the funds are expected to be spent.
The bottom line: Investors are being offered better
returns for taking risk in the low -
return landscape, and a portfolio allocation to a broader, diversified mix of
assets — including alternatives, global equities and emerging
market (EM)
assets — can potentially help improve
returns, in our view.
The individual investor still hasn't
returned to the stock
market, says Mark A. Boyar of Boyar
Asset Management.
On the other hand, real estate can be controlled much easier by investing correctly in
assets that are under
market value with multiple exit strategies that help increase the
return on the investment while decreasing the risk.