Index

EGA and Cité Gestion partner to launch long-short fund targeting best and worst US corporate governance

Retrieved on: 
Wednesday, April 3, 2024
CIO, Natural language processing, Natural language, Partnership, ESG, Total return index, Research, Tobacco, AI, Security (finance), EGA, Index, Heart, UCITS, Language, BlueCrest Capital Management, SGA

Over 15 years of evidence the model, developed through Green Blue Invest's partnership with Swiss-based Stewardship & Governance Associates (SGA), has demonstrated that the language used by senior executives is indicative of the quality of corporate governance and company culture.

Key Points: 
  • Over 15 years of evidence the model, developed through Green Blue Invest's partnership with Swiss-based Stewardship & Governance Associates (SGA), has demonstrated that the language used by senior executives is indicative of the quality of corporate governance and company culture.
  • Using these metrics, companies are assigned a core stewardship score, which determines the quality of their governance.
  • Mattias Eriksson, Partner at EGA, said: "Governance is at the heart of company performance and applying a quantitative approach to assessing its quality allows the fund to systematically generate alpha from the best and worst managed companies in the S&P 500.
  • Our academic model systemically harvests this governance premia and dynamically adjusts to changes in corporate language to ensure it is exposed only the best and worst managed companies in the index.

Farmer sentiment improves as interest rate expectations shift

Retrieved on: 
Tuesday, April 2, 2024
Tax, Farmer, Farm, Solar energy, Agriculture, Risk, Index, Policy, Carbon, Investment, Optimism, Government, Purdue University

While the Index of Current Conditions fell by 2 points to 101, the Index of Future Expectations climbed to 120, up by 5 points from February.

Key Points: 
  • While the Index of Current Conditions fell by 2 points to 101, the Index of Future Expectations climbed to 120, up by 5 points from February.
  • "Producers' expectations for interest rate changes have shifted, which could help explain why producers look for financial conditions to improve," said James Mintert , the barometer's principal investigator and director of Purdue University's Center for Commercial Agriculture .
  • This month 48% of respondents said they expect a decline in the U.S. prime interest rate over the next year, up from 35% in December.
  • An improved interest rate outlook might have been a factor as well, although producers didn't point to that explicitly in this month's survey," Mintert said.

S&P Dow Jones Indices Reports U.S. Common Indicated Dividend Payments Increase $16.0 Billion in Q1 2024 Driven by Large-Cap Initiations

Retrieved on: 
Tuesday, April 2, 2024
QUALCOMM, Microsoft, Capital, Salesforce, S&P Dow Jones Indices, Meta Platforms, Growth, Booking Holdings, Index, Dow Jones Industrial Average, Beauty salon

Q1 2024 U.S. common dividend decreases were $6.7 billion, up 73.3% from $3.9 billion in Q4 2023, and down 33.3% from $10.0 billion in Q1 2023.

Key Points: 
  • Q1 2024 U.S. common dividend decreases were $6.7 billion, up 73.3% from $3.9 billion in Q4 2023, and down 33.3% from $10.0 billion in Q1 2023.
  • The net 12-month March 2024 indicated dividend increase was $42.8 billion, compared to $59.7 billion for the prior 12-month period.
  • NEW YORK, April 2, 2024 /PRNewswire/ -- S&P Dow Jones Indices announced today that the indicated dividend net changes (increases less decreases) for U.S. domestic common stocks increased $16.0 billion during Q1 2024, compared to the $13.7 billion increase in Q4 2023 and a $9.7 billion increase in Q1 2023.
  • Increases were $22.7 billion versus $17.5 billion for Q4 2023, and decreases were $6.7 billion compared to $3.9 billion in Q4 2023.

BMO Introduces New Structured Outcome ETF

Retrieved on: 
Monday, April 1, 2024
Tax, CAD, BMO, Index

TORONTO, April 1, 2024 /CNW/ - BMO Asset Management Inc. (BMOAM Inc.), the manager of the BMO ETFs, today announced the launch of BMO US Equity Buffer Hedged to CAD ETF – April.

Key Points: 
  • TORONTO, April 1, 2024 /CNW/ - BMO Asset Management Inc. (BMOAM Inc.), the manager of the BMO ETFs, today announced the launch of BMO US Equity Buffer Hedged to CAD ETF – April.
  • BMO US Equity Buffer Hedged to CAD ETF – April (Cboe CA: ZAPR) has closed its initial offering of exchange traded units and today is listed and trading on Cboe Canada Inc.
    BMO US Equity Buffer Hedged to CAD ETF – April (Cboe CA: ZAPR) seeks to provide unitholders with income and appreciation (before fees, expenses and taxes) that matches to the extent possible the return of an index designed to measure the large-cap segment of the US equity market  (the "Reference Index") up to a cap (before fees, expenses and taxes), while providing a buffer against the first 15 per cent (before fees, expenses and taxes) of a decrease in the market price of the Reference Index, over a period of approximately one year from the first business day of April of each year to on or about the last business day of March of the following year, referred to as the Target Outcome Period.

Inspire Launches 9 Basis Point Faith-based ETF

Retrieved on: 
Tuesday, March 26, 2024
PTL, Growth, ETF, Index, Financial adviser

PTL is currently the lowest cost faith-based ETF available in the U.S. and is Inspire's ninth fund.

Key Points: 
  • PTL is currently the lowest cost faith-based ETF available in the U.S. and is Inspire's ninth fund.
  • PTL tracks the Inspire 500 Index comprised of the largest 500 companies in the United States by market capitalization with positive biblical values alignment as determined by Inspire Impact Scores greater than or equal to zero.
  • According to Robert Netzly, CEO of Inspire, this new ETF is significant because it provides access to U.S. large cap, biblically screened companies at the lowest price point available.
  • "Inspire has been pushing costs lower for faith-based ETF investors since 2017 and now with our scale and growth we are thrilled to be able to bring a 9-basis point ETF to market and stand toe to toe against the biggest ETFs in the world on cost.

Zambia External Bondholder Steering Committee Reaches Agreement with Zambia on Debt Restructuring

Retrieved on: 
Monday, March 25, 2024
Index, Government, Documentation, Farallon Capital, Committee, LLP, RBC, IMF, AIP, Greylock Capital Management, OCC, The Committee, World Bank, Limited, Weil, Gotshal & Manges, Security (finance)

LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.

Key Points: 
  • LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.
  • Prompt implementation of a debt restructuring agreement with bondholders is not only in Zambia's interests, but the wider creditor community as a whole.
  • The proposed restructuring terms set out in the 2024 Agreement are based on the same structure as the November 2023 AIP.
  • Implementation of the 2024 Agreement is conditional on mutual agreement on deal documentation, and the objective is to fully implement the agreement as promptly as feasible.

Zambia External Bondholder Steering Committee Reaches Agreement with Zambia on Debt Restructuring

Retrieved on: 
Monday, March 25, 2024
Index, Government, Documentation, Farallon Capital, Committee, LLP, RBC, IMF, AIP, Greylock Capital Management, OCC, The Committee, World Bank, Limited, Weil, Gotshal & Manges, Security (finance)

LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.

Key Points: 
  • LONDON, March 25, 2024 /PRNewswire/ -- The Zambia External Bondholder Steering Committee (the "Committee") is pleased to announce that it has reached a conclusive agreement (the "2024 Agreement") with the Government of Zambia (the "Government") on a restructuring of Zambia's (i) US$750,000,000 5.375 per cent.
  • Prompt implementation of a debt restructuring agreement with bondholders is not only in Zambia's interests, but the wider creditor community as a whole.
  • The proposed restructuring terms set out in the 2024 Agreement are based on the same structure as the November 2023 AIP.
  • Implementation of the 2024 Agreement is conditional on mutual agreement on deal documentation, and the objective is to fully implement the agreement as promptly as feasible.

CEO index by EGN reveals significant differences in confidence in the future economy

Retrieved on: 
Monday, March 25, 2024
Central European, Organization, Growth, Hope, Investment, Index, EGN, The Wall Street Journal, Management

COPENHAGEN, Denmark, March 25, 2024 /PRNewswire/ -- Who better to predict economic trends than the CEOs responsible for our businesses? Individually, they are experts in their own organizations, and together they can paint an extremely accurate picture of the state of the business world.

Key Points: 
  • That's why EGN, in collaboration with Vistage US and Vistage UK, has compiled a "CEO Confidence Index" based on responses from 1714 of its own CEO members.
  • 31% of CEOs in Northern and Central Europe believe that the overall economy has improved in the past year.
  • (Read the exact figures in the attached report)
    Jonatan Persson, CEO of EGN, commented on the index: "This year marks the first time EGN has contributed to this index with our Northern and Central European CEO members.
  • It is our hope at EGN and Vistage to expand this index and contribute as much as possible to mapping out the future of the business world.

CEO index by EGN reveals significant differences in confidence in the future economy

Retrieved on: 
Monday, March 25, 2024
Central European, Organization, Growth, Hope, Investment, Index, EGN, The Wall Street Journal, Management

COPENHAGEN, Denmark, March 25, 2024 /PRNewswire/ -- Who better to predict economic trends than the CEOs responsible for our businesses? Individually, they are experts in their own organizations, and together they can paint an extremely accurate picture of the state of the business world.

Key Points: 
  • That's why EGN, in collaboration with Vistage US and Vistage UK, has compiled a "CEO Confidence Index" based on responses from 1714 of its own CEO members.
  • 31% of CEOs in Northern and Central Europe believe that the overall economy has improved in the past year.
  • (Read the exact figures in the attached report)
    Jonatan Persson, CEO of EGN, commented on the index: "This year marks the first time EGN has contributed to this index with our Northern and Central European CEO members.
  • It is our hope at EGN and Vistage to expand this index and contribute as much as possible to mapping out the future of the business world.

New Homes Sales Stay Strong in February -- Zonda Reports

Retrieved on: 
Thursday, March 21, 2024
Community, Pressure, Growth, PSI, QMI, Zonda, Sale, Movement, Millî Görüş, Housing, Index, ZMR, Map

NEWPORT BEACH, Calif., March 21, 2024 /PRNewswire-PRWeb/ -- The spring selling season for the new home market is shaping up to be stronger than expected. The U.S. Zonda Market Ranking for February came in as slightly overperforming, up from average this time last year. While higher interest rates and home prices have deterred some buyers, those with a strong need for a home are still finding ways to make it happen, including some help from builder incentives.

Key Points: 
  • "We need to remember not to paint the housing market with a broad brush," said Ali Wolf, chief economist for Zonda.
  • Zonda's new home sales metric counts the number of new home contract sales each month and accounts for both cancellations and seasonality.
  • Zonda's New Home Pending Sales Index (PSI) was created to help account for fluctuations in supply by combining both total sales volume with the average sales rate per month per community.
  • Zonda monitors 18,000 active communities in the country and the homes tracked can be in any stage of construction.