Föhrenbergkreis Finanzwirtschaft

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Posts Tagged ‘Investment’

Millennials are coming into money and want to invest it responsibly

Posted by hkarner - 24. November 2017

Date: 24-11-2017
Source: The Economist
Subject: Generation SRI: Sustainable investment joins the mainstream

IN 2008, when she was in her mid-20s and sitting on a $500m inheritance, Liesel Pritzker Simmons asked her bankers about “impact investing”. They fobbed her off. “They didn’t understand what I meant and offered to screen out tobacco,” recalls the Hyatt Hotels descendant, philanthropist and former child film star. So she fired her bankers and advisers and set up her own family office, Blue Haven Initiative. It seeks investments that both offer market-rate returns and have a positive impact on society and the environment. “Financially it’s sensible risk mitigation,” she says. “Our philanthropy becomes far more efficient if we don’t need to undo damage done in our investment management.”

Such ideas are gaining ground, particularly among the young. Fans of “socially responsible investment” (SRI) hope that millennials, the generation born in the 1980s and 1990s, will drag these concepts into the investment mainstream. SRI is a broad-brush term, that can be used to cover everything from divestment from companies seen as doing harm, to limiting investment to companies that do measurable good (impact investing). The US Forum for Sustainable and Responsible Investment, a lobby group, estimates that more than a fifth ($8.7trn) of the funds under professional management in America is screened on SRI criteria, broadly defined, up from a ninth in 2012 (see chart). Den Rest des Beitrags lesen »

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Wer investiert verantwortlich?

Posted by hkarner - 23. November 2017

Die genau Definition inkl. Kommentar: CRIC Definiton veranwortlich Investierender inklusive Kommentierung

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Another Sign Europe Is Over Crisis? Its Companies Are Investing at Home Again

Posted by hkarner - 29. Oktober 2017

Date: 27-10-2017
Source: The Wall Street Journal

After chasing growth abroad for years, large eurozone corporations are expanding their footprint in Europe as region’s economy picks up

European business is coming home.

Daimler AG is planning to spend billions to get its German factories ready for an electric-car push. Property giant Unibail-Rodamco SE is expanding its shopping-mall footprint across the region and laser-equipment maker Trumpf GmbH has built a new distribution center in Germany to handle surging demand.

For years, European business has chased growth abroad, spending billions to build new factories in the U.S., Mexico, China, Brazil and other fast-growing emerging economies while investment in Europe languished. Now, as growth takes hold in Europe nearly a decade after the financial crisis, industry is investing in Europe again. Den Rest des Beitrags lesen »

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Income Investors: It’s OK to Be Sad, But Don’t Get Desperate

Posted by hkarner - 8. Oktober 2017

Date: 07-10-2017
Source: The Wall Street Journal By Jason Zweig

Old bull markets don’t produce new ideas. They just produce new ways for investors to hurt themselves with old ideas.

With stocks at record highs and the income on bonds not far from record lows, circumstantial evidence suggests investors are getting restless — if not desperate.

Chasing “yield,” or trying to get higher investment income, is one form of desperation. Last month, $1.6 billion in new money poured into exchange-traded funds holding high-yield corporate bonds, according to FactSet. Den Rest des Beitrags lesen »

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Investors are not great at predicting politics

Posted by hkarner - 12. August 2017

Date: 10-08-2017
Source: The Economist: Buttonwood

Wishful thinking may lead them astray

FINANCIAL markets are supposed to be the font of all wisdom, weighing up the information available and condensing it into a set of prices. Investors are presumed to have an insight into the future—falling bond yields are seen as a sign that the economy is slowing, for example.

But are investors that clever when it comes to politics? Gambling markets show how they assess political risk. They expected the Remain campaign to win the Brexit referendum and Hillary Clinton to become America’s president, and were proved wrong. Indeed, on Brexit, the mass of gamblers (the general public, in other words) backed Leave, but the odds were skewed by some wealthy punters who favoured Remain. Those rich gamblers were probably people who trade in financial markets; the plunge in the pound after the result suggests that most investors were caught on the hop.

Before the presidential election, most people on Wall Street to whom Buttonwood spoke thought that a victory for Donald Trump would be bad for the markets. But as the results came in, there was a sudden change of tone and both the dollar and equities rallied. Den Rest des Beitrags lesen »

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The Coming Financial Volatility

Posted by hkarner - 25. Juli 2017

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Robotic Hogwash! Artificial Intelligence Will Not Take Over Wall Street

Posted by hkarner - 19. Juli 2017

Date: 18-07-2017
Source: The Wall Street Journal

For all the hype, applying AI to investment still has a few serious problems

Artificial intelligence and machine learning are the buzzwords in automated investment. But for all the hype, applying AI to investment still has its problems.

Ten years ago, computer-driven traders pulled the plug after their algorithms ran amok, leading to billions in losses and the eventual closure of Goldman Sachs ’s flagship quantitative fund.

A decade on, artificial intelligence and machine learning are the buzzwords in automated investment. But for all the hype, applying AI to investment has three serious problems: it works too well, it is often impossible to understand, and it only knows about recent history. Worse, it will be self-defeating if it proves popular, as algorithms face off against each other in the market.

Machine-learning systems are now really good at spotting patterns. Unfortunately, computers are just too good, and frequently find patterns that aren’t really there. Den Rest des Beitrags lesen »

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Super-Rich Sit On Too Much Cash, UBS Report Says

Posted by hkarner - 10. Juli 2017

Date: 08-07-2017
Source: The Wall Street Journal

Ultra-high net worth investors hold too much cash, according to UBS, and it could be hurting their returns

UBS, the world’s largest wealth manager, said in a report that investors with at least $30 million in investible assets tend to maintain high cash allocations, often in the region of 35% of their total portfolio.

These high cash levels may be creating a drag on the performance of their assets, the report said. Over the past decade, cash has returned 1.1% on an annualized basis. In comparison an even split of private equity and hedge funds would have returned 3.8%.

The aftermath of the financial crisis and recent market volatility have pushed investors toward lower-risk investments. Den Rest des Beitrags lesen »

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When Everything Is Expensive, Not Investing Is a Great Option

Posted by hkarner - 27. Juni 2017

Date: 26-06-2017
Source: The Wall Street Journal

Stocks are at record highs and bond yields exceedingly low. It is time to hoard cash for the next buying opportunity.

In a world where many markets look expensive, putting cash to work is hard. Simply hanging on to more of it might be a good idea.

That is particularly the case after the first half of 2017 has delivered good results across the board. Most strikingly, both bonds and stocks are up. The MSCI World index of developed-market stocks is up 9.7% so far this year, while long-dated bonds are also partying, with the 30-year Treasury yield falling around 0.25 percentage point to just 2.73%, boosting prices. Corporate-bond yield spreads are back to their tightest levels since the global financial crisis. Den Rest des Beitrags lesen »

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The country with Europe’s strongest economy faces potholed roads and crumbling schools

Posted by hkarner - 17. Juni 2017

Date: 15-06-2017
Source: The Economist
Subject: The Germany that doesn’t work

Germany’s low investment rate leaves its infrastructure creaking

A VERDANT suburb in the northern state of Schleswig-Holstein, Pinneberg epitomises the Germany of record consumer confidence, booming exports and a bulging federal budget surplus. Here commuters stream off trains from Hamburg (local unemployment is 4.9%), climb into big cars and zip home to neat houses with solar panels on the roof.

But visit the Theodor Heuss secondary school and you see another Germany. Duct tape attaches wallboard partitions to bare concrete ceilings studded with loose wires. Pipes, weeds and bits of tile stick out of the ground. Noisy emergency roof repairs had to be carried out during exams. “We went to the state government three years ago but nothing has happened,” complains Ulrike Graefen of the Pinneberg School Alliance, a parents’ group.

This is the underside of Germany’s economic miracle: a country with a budget surplus of €23.7bn ($26.7bn), or 0.8% of GDP, has the lowest infrastructure investment rate of any big, rich economy. The IMF complains that such under-spending contributes to the country’s excessive savings, helping to unbalance global trade. And it hurts Germany, too. Den Rest des Beitrags lesen »

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