Lloyds Banking Group PLC
Is It Time to Invest in International Funds?
2016 has mostly been about macro trends, thus presenting a different set of challenges for active fund managers who mostly focus on companies rather than economic and sector trends.
Rise in Household Spending Provided Respite for UK Economic Growth
With household spending gathering pace, it could be an important growth driver for the United Kingdom’s economic growth.
Pinnacle Foods: Sole Junk Bond Issuer for the Week of January 15
Pinnacle Foods issued dollar-denominated junk bonds worth $350 million on January 12, 2016. The senior notes were rated B2/B+ and carried a coupon of 5.9%.
Metlife Global Funding I Issued $1.25 Billion in High-Grade Bonds
A subsidiary of MetLife, Inc. (MET), Metlife Global Funding I is a special purpose statutory trust. It issued $1.25 billion in high-grade bonds rated Aa3/AA- in two parts.
Net Trade Contributed -1.0% to UK Gross Domestic Product
The only negative contribution to UK gross domestic product came from net trade, which contributed -1.0% in 3Q15 compared to an estimated -1.5%.
Eurozone Free of Deflation yet Weighed Down by Grexit Concerns
According to the latest reports, the Eurozone’s inflation rate was 0.3% in May. Gains in the Eurozone inflation rate are being led by services, food, alcohol, and tobacco.
Bank of Portugal Defied Pari Passu: What Does It Mean?
By assigning five of Novo Banco’s 52 senior bonds to Banco Espirito Santo, the Bank of Portugal defied the principle of pari passu.
Randgold and Fresnillo Rebound Due to the Rise in Gold
Precious metals rose on September 24. The rise benefited Randgold Resources (RRS) and Fresnillo (FRES). They were among EWU’s top three performers.
Investment-Grade Corporate Bond Issuances Fell after Thanksgiving
Investment-grade corporate bond issuances worth $2.65 billion for the week ended November 27, 2015, and fell 92% from the previous week.
How Has PCRIX Performed in the Market in 2015?
PCRIX’s invests in the commodity market through various derivative instruments and the fixed income market through Treasury inflation-protected securities.
Snapshot of the UK Economy and Its Prospects
The UK economy thrives on its robust financial sector, which is boosted by revenues generated from the North Sea, a region rich in energy resources.
Investment-Grade Bond Funds Saw Outflows in Week Ended November 25
For the week ended November 25, investment-grade bond funds saw net outflows of $1.46 billion after witnessing two consecutive weeks of inflows.
Glencore Led the UK Stock Market on October 9
Stocks at the top of the iShares MSCI United Kingdom (EWU) on Friday, October 9, were Petrofac (PFC), Glencore (GLEN), and Anglo American (AAN).
2016 Has Been a Testing Time for International Funds
With one-third of 2016 yet to go, international funds have already had an action packed year. Events haven’t been restricted to a specific region or market.
Why domestic corporate companies raised high-quality debt
Emerging market (or EEM) borrowers were unusually prolific issuers last week. They accounted for 26.5% of the weekly volumes, or $7.5 billion.
What’s Been Helping the UK GDP after the Brexit Vote?
After the Brexit decision, services were a positive factor, while production ended up to be a drag on GDP.
IBM’s Consulting Unit Drives Growth in Its Services Business
IBM’s (IBM) Global Business Services segment comprises its Consulting, Global Process Services, and Application Management sub-segments.
PayPal Tightens Rules to Protect Its Image in the UK
PayPal has tightened the rules around payments on its platform in response to criticism that it facilitates problem gambling in the United Kingdom.
The Rout of Cryptocurrencies and the Repercussions
Cryptocurrencies are still on their downtrend and have slumped to start the week. Bitcoin was down 10.8% at 5:00 AM EST on February 5, 2018.
Energy Exposure Has Worked Wonders for the Europe 30 ProFund
UEPIX’s high exposure energy stocks has been extremely beneficial in 2016, especially after February 11, when crude oil prices touched a multiyear low.
Will the Brexit Vote Benefit the United Kingdom?
Following the Brexit, the United Kingdom would be free to make its own decisions. It would have more control over migrants and refugees.
Industrials and Discretionary Helped AEDAX in 1Q16
AEDAX fell 0.9% in 1Q16. But it still ranked second best among the 12 funds in this review.
An Above-Average Year for FHJUX
FHJUX’s quantitative metrics place it as an above-average performer for the one-year period ended March 15, 2016. This period covers two major stimulus announcements by the ECB.
Junk Bond Issuance Rose as Equity Markets Rebounded
Mutual Funds such as the PIMCO High-Yield Fund Class A (PHDAX) and the Fidelity High Income Fund (SPHIX) invest in junk bonds.
FDIVX: How Does It Hold up during Challenging Times?
The Fidelity Diversified International Fund (FDIVX) has been in existence since December 1991.
How the Fidelity Advisor Europe Fund Allocated Its Portfolio in 2015
The Fidelity Advisor Europe Fund was managing assets worth $1.4 billion as of the end of December.
Microsemi Corporation Issued Junk Bonds Worth $450 Million
Microsemi Corporation issued dollar-denominated junk bonds worth $450 million. It intends to use the proceeds of the loan for the acquisition of PMC-Sierra.
Is the United Kingdom’s 2017 Referendum Inevitable?
The United Kingdom will hold a referendum by the end of 2017. It will decide whether to stay in or leave the EU. The referendum is a nationwide voting system.
A Look at FHJUX’s Portfolio through November 2015
The financials sector makes up the majority of FHJUX’s portfolio. Healthcare and industrials follow, forming a combined 37% of the fund’s assets.
Portfolio Positioning of the Fidelity Advisor Europe Fund
The Fidelity Advisor Europe Fund’s portfolio has undergone quite a bit of change in the one-year period ended October 2015. Exposure to financials surged.
Basics about the Fidelity Diversified International Fund (FDIVX)
According to the fund, the Fidelity Diversified International Fund (FDIVX) intends to attain capital appreciation by “normally investing primarily in non-U.S. securities.”
Household Disposable Income Rose and Helped Economic Growth
The Household and Non-Profit Institutions Serving Households saving ratio was estimated to be 4.70% in the second quarter—compared to 4% in the first quarter.
ING Group Issued the Most High-Grade Bonds Last Week
US financials were the highest issuers of high-grade bonds in the week ended August 14, making up 37.7% of all issuance.
Investment-Grade Bond Funds Record Back-to-Back Outflows
Flows into investment-grade bond funds were negative for the week ended August 12—marking the third consecutive week of outflows.
Germany’s Inflation Rate Falls to 0.1% in June: EWG Falls 4.03%
The EU harmonized inflation rate in Germany fell to 0.1% in June on a YoY basis from May’s 0.7%. It was being pumped by the ECB’s monetary stimulus package.