Cardiff writes that James Montier believes that although economic outcomes may have flatter distribution in the past, this is nothing new
for asset markets.
The full set of implications
for the asset markets from this is unknown, partly because funds that do this are small relative to the markets as a whole.
Not exact matches
It's encouraging to hear BlackRock (blk) CEO Larry Fink — whose company's $ 4 trillion of
assets under management make it the 800 - pound gorilla in public
markets — decry the short - term focus of many investors and call on companies to lay out a «strategic framework
for long - term value creation.»
«Finally, the increased role of bond and loan mutual funds, in conjunction with other factors, may have increased the risk that liquidity pressures could emerge in related
markets if investor appetite
for such
assets wanes.»
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.
«It's going to be critical
for earnings growth to kick in in order to sustain the bull
market from here and to be able to push stocks higher,» says Sarah Riopelle, vice-president and senior portfolio manager at RBC Global
Asset Management.
Stocks remain the best place to invest in 2017 and beyond, as compelling valuations show the
market has further room to run, according to Morgan Stanley Private Wealth Management's Andy Chase, who oversees more than $ 20 billion in
assets for investors.
Boris Schlossberg, BK
Asset Management managing director of foreign exchange strategy, discusses three key
market events he is watching
for on Thursday.
David Katz, Matrix
Asset Advisors, and Steve Massocca, Wedbush Securities, discuss their
market outlooks
for the rest of the year as
markets bounce back after some companies report strong earnings results.
Marks arrived at more or less the same definition of liquidity as Hooper, writing that the way to think about liquidity isn't to ask if there is a
market for an
asset, but whether you can quickly sell that an
asset without taking a huge loss on it.
For many online businesses, maintaining a data center to effectively manage your company's assets is a full time job, and outsourcing this important task could be the right step for both fledgling and market leading business
For many online businesses, maintaining a data center to effectively manage your company's
assets is a full time job, and outsourcing this important task could be the right step
for both fledgling and market leading business
for both fledgling and
market leading businesses.
«I'm not going to be dismissive of the risks, but I think
markets have priced them in and if anything as we look at the fundamentals of stock
markets around the world, the fundamentals of European equities right now are I think significantly better than they are
for the United States,» said the managing partner of Triogem
Asset Management and global investing expert on CNBC's «Fast Money.»
«They're going to be looking
for growth from within their existing
assets,» says Alan Middleton, an assistant professor of
marketing at the Schulich School of Business.
Squawk Box sets the news agenda in the region every day, bringing viewers news and views from the top CEOs,
asset managers and newsmakers as Asian
markets open
for trade.
Mahaney said the move to «heavy» brick - and - mortar
assets in the grocery
market was a «big acceleration»
for Amazon, which had dipped into ventures such as bookstores in recent years.
BMO Financial Group says it has entered into a definitive agreement to buy the fixed income broker - dealer, which specializes in the institutional investor
market for U.S. mortgage - backed and
asset - backed securities.
«The FOMC statement reinforced
market expectation
for another 25 basis points rate rise in its June meeting,» Tai Hui, chief
market strategist at J.P. Morgan
Asset Management, said in a note.
Unfortunately, it's much harder
for owners to diversify their personal
assets during lean business times than when the stock
market is surging, along with the company's cash flow.
In 2017, the total
market for such currencies topped $ 100 billion as investors of all stripes began to embrace them as an alternate
asset class akin to gold.
But EnCana made it clear this and other B.C. natural gas
assets are on the
market for the right partner.
«Funded in large part by the
asset - backed securities
market, many lenders made money by originating and then selling private student loans with less regard
for borrowers» creditworthiness.
Hannah Anderson of J.P. Morgan
Asset Management says the near - term focus is on oil prices ahead of an important meeting in June on OPEC - led oil curbs, but the weak dollar is the longer - term variable
for markets.
According to a report published by Morningstar in 2015, U.S. equity index funds account
for about 37 % of the total
market share of mutual - fund
assets, up from 26 % five years earlier.
That's a big tax hit
for real estate companies, but especially so
for First Capital, given many of its
assets are in urban
markets, which have some of the highest property tax rates in the world.
Cryptocurrency is a
market for the iron - stomached, if the
asset's most recent slide is anything to go by.
For example, Summer Capital has invested in Sybenetix, which is a RegTech startup that offers market surveillance and compliance monitoring software for banks, asset managers, hedge funds, and regulato
For example, Summer Capital has invested in Sybenetix, which is a RegTech startup that offers
market surveillance and compliance monitoring software
for banks, asset managers, hedge funds, and regulato
for banks,
asset managers, hedge funds, and regulators.
«The [application programming interface]
for the exchange malfunctioned and sent sell orders into the
market,» said Brian Kelly, a CNBC contributor and head of BKCM, which runs a digital
assets strategy
for clients.
For instance, Olavsrud at FBB Capital Partners said that it's more advantageous to do it during a year when your income is lower or when the
market is down, lowering the value of the
assets in the account.
Some reformers advocate putting up to 40 % of those
assets into the stock
market, with its potential
for higher rewards.
The life - savers are pension funds, whose demand
for long - term fixed income
assets could reach record levels this year - and, counterintuitively, it's the surge in world equity
markets that will play a large part in fuelling this appetite.
Beyond the performance of the
assets in Temasek's portfolio, the
market will likely be watching
for the company's outlook after Singapore's GIC, which manages the city - state's foreign reserves, issued a cautious outlook on Monday.
For the most part, individual investors get diversification across geographic
markets and
asset classes through mutual and exchange - traded funds.
Profits have soared at buyout firms such as Carlyle in recent years, as a U.S. stock
market rally allowed them to sell
assets for top dollar.
According to JPMorgan
Asset Management, there is $ 9 trillion in cash and money
market alternatives waiting
for that same pullback.
Sheila Patel, CEO of International at Goldman Sachs
Asset Management, says that there has been a «quiet rush
for M&A in the emerging
markets.»
Furthermore, Boris Schlossberg, managing director at BK
Asset Management, said Tuesday on «Trading Nation» that while neither stock is a buy right now, «the bullish case
for both is if you're truly a big believer in a massive bull move this year in the
market, and that the tax cut is going to increase spending on travel.»
In July last year, when CIR was known as
Asset Backed Holdings, it launched an off -
market bid
for the shares it did not already own in PRL at $ 3 cash a share.
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.
The former invests in highly liquid developed fixed income
markets, while the latter aims to make trade finance an investable
asset class
for non bank - investors.
Some pros think a bear
market will bring about renewed love
for active managers because that's where they can prove their worth, by moving
assets around instead of only mimicking a losing index.
According to a CNBC report, RBC Capital
Markets analyst Joseph Spak wrote to clients, «By owning the
asset, we believe [Tesla] may be trying the investing partner approach they have taken with shareholders and asking them to stick with them
for something they potentially didn't sign - up
for.»
Meanwhile government bond yields, a reliable barometer of
market fear, are falling to record low levels as investors engage in a panicked hunt
for risk - free
assets.
Constellation's Mexican - produced beers, which it acquired in a side deal after InBev bought the international
assets of Mexican brewer Grupo Modelo
for $ 20.1 billion in 2013, are selling well and stealing
market share in the U.S. Beer net sales at Constellation jumped 13 %
for the first six months of the current fiscal year, while the company's wine and spirits unit — which includes Svedka vodka and Robert Mondavi wine — posted flat sales over the same period.
The threat of escalation in Syria and the trade dispute between Beijing and Washington have dampened stock
market confidence, while gold has traditionally been a safe
asset for investors in times of volatility.
Discussing the outlook
for the
markets over the Trump administration's next 100 days, with Margie Patel, Wells Fargo
Asset Management, and Mark Luschini, Janney Montgomery Scott.
Despite having share prices that move with
market prices, these funds can give rise to first - mover advantages
for redeeming shareholders and create the potential
for destabilizing waves of redemptions and
asset fire sales if liquidity buffers and other tools to manage liquidity risk prove insufficient.
«Interest rates aren't anticipated to pose a problem
for the economy or equity
markets this year,» Mike Bell, global
market strategist at J.P. Morgan
Asset Management, said in the quarterly report out Tuesday.
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 best way to prepare
for a
market correction is by putting money on companies that can deliver growth, one
asset manager told CNBC, as talk of a potential stock
market crash grows.
In a recent research report from J.P. Morgan
Asset Management, George Iwanicki noted that the price - to - book ratio
for emerging
markets had fallen below 1.5.