People are looking through the rearview mirror, not the windshield,
at asset returns.
They look
at asset returns like I do — asking what the non-speculative returns would be off of the underlying assets and starting there.
Not exact matches
One could say that private equity funds have,
at least in their thirst for
assets and their run - of - the - mill
returns, begun to resemble grubby, conventional mutual funds.
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.
Of course, a person who truly practices restraint might take things a bit further, deciding never to splurge
at all on something like a vehicle that will depreciate, and instead investing in
assets that will ultimately produce
returns.
Aside borrowers, investors benefit from regular monthly
returns at an average rate of 15.5 per cent, which is significantly higher than other
asset classes.
«Investment
at Jansen is creating a valuable
asset and we will continue to pursue a development path that maximizes
returns for shareholders,» said BHP Billiton CEO Andrew Mackenzie,
In the US, for example, companies with
at least one woman executive saw a
return - on -
assets of 8.6 percent.
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.
Appaloosa
returned 10 to 20 percent of investor
assets at the end of last year, the fourth - straight year of
returning money to clients.
I didn't make a lot of money, but I did get
at least a small positive
return from each of the
asset classes I own, including equities, which is something given the TSX fell 11.07 % last year.
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.
Carry trade is a trading strategy that involves borrowing
at a low interest rate and investing in an
asset that provides a higher rate of
return.
a type of
asset class in which the investments provide a
return in two possible forms; coupon paying bonds have fixed periodic payments and a
return of principal; zero coupon bonds are sold
at a discount, do not pay a coupon, and have a
return of principal plus all accumulated interest
at maturity
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.
A rebound of Japan's economy and stock market is attracting
assets and
returns,
at different levels.
In fact, $ 31,972 = $ 1,598,600 in
assets at a 2 % rate of
return!
After six years of working
at expenses level, and watching my US
Assets grow, I'm looking for the right time for my wife, daughter and I to
return to the US, and stay FI without having to work
at all.
Asset managers look
at both risk and
return in their portfolios.
Your
assets should be deployed in a way that aims to beat the risk - free rate of
return by
at least 2 - 3X.
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.
The fund invests
at least 80 % of its
assets in component securities of the underlying index, and has posted year - to - date
returns of 2.38 % through August 25.
These guys might find that their hedges don't work in the way that they planned or,
at worst, give the portfolio
return characteristics that mimic equity funds and other
asset classes.
We've also been investing in de-risked greenfield projects where all key permits and contracts have been secured but where we can earn a
return premium for investing
at an earlier stage in the life - cycle of the
asset.
Returns shown
at net
asset value (NAV) have all distributions reinvested.
Total
Return's
assets peaked
at $ 293 billion in April 2013, but have since fallen to below $ 100 billion.
The example, which illustrates a long - term average
return on a balanced investment of stocks and bonds, assumes a single, after - tax investment of $ 75,000 with a gross annual
return of 6 %, taxed
at 28 % a year for taxable account
assets and upon withdrawal for tax - deferred annuity
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.
Because Berkshire shares don't pay dividends, the income implies that the non-Berkshire
assets were valued
at about $ 500 million if he had investment
returns of 13 percent.
As Nobel economist (and one of my dissertation advisors
at Stanford) Joe Stiglitz noted on Friday, a good part of the reason for rising oil prices is because the producers are already awash in U.S.
assets, and to supply significantly more oil will just force them to accumulate more low -
return assets.
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.
Aside from acceptable «basis» risk between the stocks we hold long and the indices we use to hedge, and perhaps 1 % of
assets in option time - premium
at any given time as a result of staggering our strikes to provide a stronger defense, we don't consider various speculative bubbles as threats to our own
returns.
That exposure now stands
at less than 10 % of
assets in the Strategic Total
Return Fund.
Therefore, it's worth taking a look
at five previous periods of distress to see the
returns of conventional and alternative
asset classes.
Before the end of April, when the market started its gut - wrenching descent, «the combination of
return generation and risk diversification was part of a broader virtuous circle for fixed income, which also included significant inflows to the
asset class and direct support from central banks,» El - Erian writes
at the start of his viewpoint, noting that in addition to delivering solid
returns with lower volatility relative to stocks, the inclusion of fixed income in diversified
asset allocations also helped to reduce overall portfolio risk.
The subprime unit's 6.7 pct
return on
assets far exceeds anything else
at Citi.
A look
at why your strategic
asset mix, or SAM, is the most valuable tool you have for balancing
return and risk.
«In our search for new stand - alone businesses, the key qualities we seek are durable competitive strengths; able and high - grade management; good
returns on the net tangible
assets required to operate the business; opportunities for internal growth
at attractive
returns; and, finally, a sensible purchase price.
Bonus depreciation on purchases of new business
assets returned and will remain
at 50 percent of the value of
assets placed into service.
«These are also
assets that may satisfy the emotional needs and passions of investors who are no longer comfortable putting more money into financial
assets at zero
return, but who face barriers to entry in acquiring high - value luxury items like art, or a 1955 vintage Porsche speedster or a vineyard.»
See, by entertaining only accounts with
at least $ 100,000 in
assets and assuming
at least a small portion of all customers will eventually employ their Financial Services, they anticipate a
return on that investment.
In an attempt to cast light on this issue, my colleagues
at Plexus
Asset Management have updated a previous multi-year comparison of the price - earnings (PE) ratios of the S&P 500 Index (as a measure of stock valuations) and the forward real
returns (considering total
returns, i.e. capital movements plus dividends).
Unlike its successful European counterparts, demand for higher risk - adjusted
returns, the existence of retrocession fees and stronger desire to retain control, continue to act as headwinds to grow fee - based
assets,
at a rate that outpaces private banks» robust AUM growth and regional wealth creation.
The unit's
return on
assets,
at 6.7 percent, is some seven times better than its owner's 0.9 percent, a sign of both OneMain's lower costs and the higher interest rates it charges customers.
Over the past couple of years, speculators have also used short sales of gold to obtain low cost funds to invest in other
assets — for example, by shorting gold (borrowing it and selling it in the spot market), market participants have been able to obtain US dollars
at between 1 and 2 per cent, well below the rate of
return available on US
assets.
The Strategic Total
Return Fund continues to carry a duration of just under 2 years, mostly in Treasury inflation protected securities, and about 20 % of
assets in precious metals shares, for which the Market Climate continues to be favorable
at present.
After providing double - digit
returns for many years, REITs are now well off the previous highs and trade
at an estimated 15 % discount to net
asset value (Source: TD Securities) and yielding an average of 7 %, a spread of 2.75 % over 10 - year bonds.
Prior to Newscape, Charlie spent 17 years
at HSBC Global
Asset Management as the Head of Absolute
Return managing a multi-
asset fund range with
assets in excess of $ 3 billion.