On Tuesday, February 19, executives and guests of Peritus Asset Management (Peritus) and AdvisorShares will visit the New York Stock Exchange (NYSE) to ring the Opening Bell, and to celebrate the listing of the AdvisorShares Peritus High Yield ETF (NYSE Arca: HYLD), the first high-yield actively managed ETF on the market.
Peritus believes active management is essential in optimizing returns by procuring securities that index-based high yield ETFs cannot access due to a limited investable universe. With no restrictions on bond tranches in HYLD's investment universe, avoiding credit problems is essential as Peritus strongly emphasizes managing risk. HYLD's active management within an asset class that is not easily indexable delivers the same ETF vehicle benefits that investors and financial professionals appreciate-intraday...
Ahead of the Bell: Dow futures are trading up 20 points and S&P futures are trading up 2 points on upbeat earnings from the European food and beverage sector and better than expected German economic sentiment. Global finance ministers concluded their recent gathering of G20 ministers in Moscow and refrained from criticizing Japan for continuing its easy monetary policy despite signs of devaluing its currency. According to reports, economists are expecting consumer spending to remain modest, as the economy emerges from the recession, even though the housing data continues to improve. Sources say, Simpson-Bowles plans to offer a proposal to fix the US deficit.
On the economic calendar today, The National Association of Home Builders will release the housing market index for February after the opening the bell, it is forecasted to be 48 versus 47 for January. The dollar is up against the major...
By sounding the gong Eloy Lindeijer, Chief Investment Management of PGGM celebrates being named Pension Fund Risk Manager for 2013. This prize is awarded every year by the trade journal Risk Magazine.
As a cooperative pension investment company, PGGM appreciates the attention its new risk management system is getting. This innovative system allows PGGM to act on the lessons it learnt from the 2008 financial crisis. It gives a comprehensive view of the risks that PGGM’s clients might be exposed to. This is in line with PGGM’s vision of contributing to the development of a sustainable financial system.
EDP’s CEO and CFO rang the NYSE Euronext Lisbon Closing Bell to commemorate the listing of more than 151 million shares, representing 4.14% of capital. The shares were owned by the Portuguese State and generated a cash inflow of 360 million euros. The shares were sold mostly to foreign investors. EDP shares were sold at 2.35 euros.