Index

VanEck Launches Value- and Growth-Oriented Versions of Their Popular Wide Moat Equity Strategy

Retrieved on: 
Thursday, March 28, 2024
Asset Management, Professional Services, Finance, Growth, ETF, Name, Research, Equity, MVAL, Index, Product management, Life insurance

VanEck today added two new ETFs to its “moat”-focused ETF lineup: the VanEck Morningstar Wide Moat Value ETF (MVAL) and the VanEck Morningstar Wide Moat Growth ETF (MGRO) .

Key Points: 
  • VanEck today added two new ETFs to its “moat”-focused ETF lineup: the VanEck Morningstar Wide Moat Value ETF (MVAL) and the VanEck Morningstar Wide Moat Growth ETF (MGRO) .
  • To reach “wide moat” status, Morningstar must expect a company to maintain its competitive advantages for at least 20 years.
  • Companies eligible for inclusion in both underlying indexes must have a wide moat rating and attractive valuation according to Morningstar.
  • MVAL and MGRO join a suite of ETFs that traces its roots to 2012, when VanEck launched the VanEck Morningstar Wide Moat ETF (MOAT) , a fund with close to $15B in AUM (as of 3/27/2024).

KBRA DLD Report: Direct Lending Defaults Low; Sponsored at 1.5%, Non-Sponsored at 3.5%

Retrieved on: 
Friday, March 22, 2024
Professional Services, Finance, Loss given default, TTM, Orange, Index, BSL, Radar, LGD, Red, HY, Communication, KBRA, Security (finance)

KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market.

Key Points: 
  • KBRA DLD, a division of KBRA Analytics, recently released its latest Direct Lending Default Report on the U.S. direct lending market.
  • KBRA DLD forecasts an overall 2024 direct lending default rate by issuer count of roughly 2.75% on 69 defaults, up from 2.3% in 2023.
  • Loss Given Default (LGD) Rate: The LGD rate for direct lending loans in the KBRA DLD Index is 1%.
  • KBRA’s Default Radar is a monthly tracker that identifies worrisome credits for potential defaults in the U.S. direct lending space.

First Trust Launches the FT Vest Dow Jones Internet & Target Income ETF (FDND)

Retrieved on: 
Thursday, March 21, 2024
Professional Services, Finance, Dow Jones, Target, Growth, Waistcoat, ETF, AIB (NI), Internet, Senior, CFA, Index, Internet protocol suite, Security (finance)

First Trust Advisors L.P. (“First Trust” or “FTA”), a leading provider of exchange-traded funds (“ETFs”) and outcome-based strategies, today announced it has launched the FT Vest Dow Jones Internet & Target Income ETF (Cboe: FDND ) (the “fund”).

Key Points: 
  • First Trust Advisors L.P. (“First Trust” or “FTA”), a leading provider of exchange-traded funds (“ETFs”) and outcome-based strategies, today announced it has launched the FT Vest Dow Jones Internet & Target Income ETF (Cboe: FDND ) (the “fund”).
  • First Trust’s suite of Target Outcome ETFs has amassed approximately $18 billion in total net assets as of 2/29/2024.
  • FDND seeks to provide an alternative source of consistent income through a novel Target Income Strategy®, developed by Vest Financial LLC (“Vest”), sub-advisor to the fund and creator of Target Outcome Investments® and Target Income Strategies®.
  • The fund’s Target Income Strategy® seeks to increase total income for investors while participating in the potential price appreciation of the equities held in the fund.

Morningstar Introduces Low Carbon Transition Leaders Indexes

Retrieved on: 
Wednesday, March 20, 2024
Climate Change, Professional Services, Environmental, Social and Governance (ESG), Utilities, Asset Management, Green Technology, Alternative Energy, Environment, Energy, Finance, Sustainability, Carbon, Climate change, TSMC, Risk, ESG, Research, Morningstar, Inc., LCTL, Index, Renewable energy

Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, announces the launch of the Morningstar® Low Carbon Transition Leaders (LCTL) Indexes™ , the latest strategic collaboration between leading ESG ratings, research, and data provider Morningstar Sustainalytics and Morningstar Indexes, the world’s fastest growing global index provider.

Key Points: 
  • Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, announces the launch of the Morningstar® Low Carbon Transition Leaders (LCTL) Indexes™ , the latest strategic collaboration between leading ESG ratings, research, and data provider Morningstar Sustainalytics and Morningstar Indexes, the world’s fastest growing global index provider.
  • Our Low Carbon Leaders are companies with management that understand how to evolve their business in this context to protect and grow their market share and innovation.”
    The indexes identify climate transition leaders by grouping companies from the parent index by sector, ranking them according to their composite Low Carbon Transition Leaders Score and capturing the top scoring 50% of each sector by market cap.
  • The Low Carbon Transition Leaders Score considers a company’s current carbon intensity as well as its management score from the Sustainalytics Low Carbon Transition Ratings.
  • Incorporating our Low Carbon Transition Ratings within an index methodology enables our clients to apply a forward-looking climate transition risk lens to their global portfolios and invest in leaders across all sectors.”

Browning West Contends That Gildan Activewear’s Reactionary Sale Process Underscores Why Immediate Board Reconstitution is Required

Retrieved on: 
Wednesday, March 20, 2024
Retail, Professional Services, Fashion, Finance, Sale, News, LLP, Browning, TSX, Goodmans, IMK, Index, Legislation, Annual general meeting

“Since the onset of our campaign, we have maintained that Gildan is a high-quality business with significant latent earnings power and strong value creation potential under the right Board and management.

Key Points: 
  • “Since the onset of our campaign, we have maintained that Gildan is a high-quality business with significant latent earnings power and strong value creation potential under the right Board and management.
  • We are naturally concerned that the Board has initiated a sale process in order to avoid accountability following continuous and growing support for Browning West’s calls for significant Board reconstitution.
  • The Board’s reactionary sale process underscores our message to shareholders last week that a meaningful reconstitution of the Board is immediately required, even before the Annual Meeting in May.
  • Except as required by law, Browning West does not intend to update these forward-looking statements.

New York-Jersey City-White Plains, NY-NJ Home Prices Up 6.3% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report

Retrieved on: 
Tuesday, March 19, 2024
Finance, Data Analytics, Professional Services, Residential Building & Real Estate, Construction & Property, Economy, Research, Sale, CBSA, First, MLS, Housing, Index, First American, HPI

The lack of mid-tier move-up demand is significantly weakening price appreciation in the mid-market,” said Fleming.

Key Points: 
  • The lack of mid-tier move-up demand is significantly weakening price appreciation in the mid-market,” said Fleming.
  • The next release of the First American Data & Analytics House Price Index will take place the week of April 15, 2024.
  • The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report.
  • HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e.

Annualized Price Appreciation Slows for Second Straight Month, Falling by Almost a Full Percentage Point, According to First American Data & Analytics Monthly Home Price Index Report

Retrieved on: 
Tuesday, March 19, 2024
Other Professional Services, Commercial Building & Real Estate, Construction & Property, Finance, Consulting, Professional Services, Other Construction & Property, Residential Building & Real Estate, Economy, Risk management, First American Corporation, Research, American Financial Group, Sale, CBSA, First, House, MLS, Housing, NSA, Fed, First American, Index, FAF, HPI

The First American Data & Analytics’ non-seasonally adjusted (NSA) HPI showed that nationally in February1 2024:

Key Points: 
  • The First American Data & Analytics’ non-seasonally adjusted (NSA) HPI showed that nationally in February1 2024:
    House prices increased 0.7 percent between January 2024 and February 2024.
  • “After reaching a recent peak in December, annualized home price appreciation slowed for the second consecutive month, bringing more clarity to the trajectory for price appreciation in 2024.
  • In February, our preliminary estimate of annualized appreciation dropped by almost a full percentage point,” said Mark Fleming, chief economist at First American.
  • The next release of the First American Data & Analytics House Price Index will take place the week of April 15, 2024.

Houston-The Woodlands-Sugar Land Home Prices Up 5% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report

Retrieved on: 
Tuesday, March 19, 2024
Residential Building & Real Estate, Construction & Property, Professional Services, Insurance, Economy, Research, Sale, CBSA, First, MLS, Housing, Index, First American, HPI

The lack of mid-tier move-up demand is significantly weakening price appreciation in the mid-market," said Fleming.

Key Points: 
  • The lack of mid-tier move-up demand is significantly weakening price appreciation in the mid-market," said Fleming.
  • The next release of the First American Data & Analytics House Price Index will take place the week of April 15, 2024.
  • The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report.
  • HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e.

Allianz Life Launches New Accumulation Annuity

Retrieved on: 
Tuesday, March 19, 2024
Banking, Professional Services, Insurance, Finance, Retirement, FMO, FIA, Index, Head, Growth, Allianz Life, Allianz, Fear, Life insurance

Allianz Life Insurance Company of North America ( Allianz Life ) announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+TM Annuity, is now available.

Key Points: 
  • Allianz Life Insurance Company of North America ( Allianz Life ) announced today that its newest accumulation-focused product, Allianz Accumulation Advantage+TM Annuity, is now available.
  • Allianz Accumulation Advantage+TM is a fixed index annuity that combines powerful accumulation potential with a premium bonusi, signature Allianz innovations and flexible design.
  • Allianz has also recently added a new FIA with a shorter, seven-year withdrawal charge period, Allianz Accumulation Advantage 7TM Annuity, to its suite of products.
  • Full accumulation value is available to the Allianz Accumulation Advantage+TM contract owner after 10 years.

Los Angeles-Long Beach-Glendale Home Prices Up 4.7% Year Over Year in February, According to First American Data & Analytics Monthly Home Price Index Report

Retrieved on: 
Tuesday, March 19, 2024
Professional Services, Data Analytics, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Urban Planning, Economy, Research, Sale, CBSA, First, MLS, Housing, Index, First American, HPI

The lack of mid-tier move-up demand is significantly weakening price appreciation in the mid-market," said Fleming.

Key Points: 
  • The lack of mid-tier move-up demand is significantly weakening price appreciation in the mid-market," said Fleming.
  • The next release of the First American Data & Analytics House Price Index will take place the week of April 15, 2024.
  • The First American Data & Analytics HPI report measures single-family home prices, including distressed sales, with indices updated monthly beginning in 1980 through the month of the current report.
  • HPI data is provided at the national, state and CBSA levels and includes preliminary index estimates for the month prior to the report (i.e.