| Fidelity poised to launch 3 global funds in Canada
Fidelity Investments, the world's largest mutual fund company, plans to start three global funds in Canada because of demand for international stocks and bonds. The Boston-based company will offer the Global Dividend Fund, which invests in dividend-paying shares and real estate securities; the Global Monthly Fund, which is split between equities and bonds; and the Global Bond Fund, which holds government and corporate debt. Investors have been turning to global funds on expectations Canadian stocks, driven higher by record prices for oil, natural gas and metals, may be peaking. AGF Management Ltd., Canada's third-biggest publicly traded mutual fund company, is generating higher net sales because of its international funds. "The market is clearly demanding global offerings," Stephanie Nacawa, Fidelity Investments Canada's vice-president of product research, said in an interview yesterday.
How to See a Property Thru Investor Eyes
Successful real estate investors train themselves how to look at property through the eyes of an investor, not the eyes of the consumer. Essentially, that means they have the ability to consider and evaluate real estate investments without getting emotionally attached to them. The first time I walked through a potential investment property you should have seen the expression on my face. I was visualizing what it would be like to live in that particular property and since it would be in a low or moderate income neighborhood and in need of repair, the image that I was seeing was not very appealing. It took awhile for me to get used to this sort of thing and I had to repeatedly say to myself "I'm not going to live here". After the real estate investment property "shock" wore off, I was able to see with a different set of eyes.
Riley Recommends Regent Sale
According to an SEC filing, a major shareholder in Regent Communications is encouraging the Cincinnati radio broadcaster to put itself on the block for sale.
Riley Investment Management wrote in a filing with the SEC this week that as of March it owns 7% percent of Regent.
Riley principal John Ahn writes in that filing, "We have been encouraged by the company's strong operational performance and recent strategic acquisitions. However, we acknowledge that Regent Communications' value has consistently been overshadowed by negative public sentiment to the terrestrial radio broadcasting market in general. We also believe that Regent Communications' small size relative to its public company costs makes it difficult for the company to realize value as an independent public entity.
Will software major Infosys roil market on Friday, the 13th?
MUMBAI/HYDERABAD: Will it be Friday the 13th for the stock markets? It all depends on what guidance IT bellwether Infosys Technologies gives out on revenue and earnings per share (EPS) when announcing its fourth-quarter results. Beginning 2001, when it started the practice, Infy has disappointed every alternate year on guidance. And in five of the last six times, the companys share and the broad market have fallen on results day (or in the first trading session after results, in case the markets were closed) - no matter what the guidance was. April 14, 2006, remains the sole exception, when Infy beat street estimates by guiding a revenue growth of 30.7% and EPS growth of 28.4% for the just-past financial year. But that Friday, the markets were shut due to Ambedkar Jayanti.
Point-and-Click Investing Software From Aptus Communications Is ...
QUALICUM BEACH, BC -- (MARKET WIRE) -- 04/08/07 -- Profiting from the ebbs and flows of the stock market has just been made much simpler. It's long been known that predicting the stock market over the short-term can't be done consistently. However when taking a long-term view, the short-term ups and downs can work to a Value investor's advantage. "Ultimately a stock's value depends on its fundamentals," said Mark Hing, President of Aptus Communications. "Investors who keep their eyes firmly planted on fundamentals and remove their emotions from the investment equation are best positioned to increase their returns and minimize their risks in the markets." Value Investors just have to wait for great companies to become unpopular and undervalued.
Goldman's lackluster hedge fund
When it comes to investment banking, private equity and trading, there's not much you can find fault with Goldman Sachs Group (NYSE: GS). Even so, there continues to be a nagging problem -- that is, the Global Alpha fund. With $10 billion in assets, its Goldman's biggest hedge fund. And the performance has been lackluster over the past year. According to a report in Bloomberg.com, Global Alpha shed 5.7% in February (a big problem was a wayward bet on the yen). For the year, the fund is down about 2%. Oh, and in 2006, the fund lost 9%. Yes, this is a pretty bad trend. While it's true that Goldman continues to rack up huge management fees, this cannot go on for very long. Basically, investors may start moving some money out.
iSoftStone Completes $45 million Series-B Financing with Fidelity ...
BEIJING, March 16 /Xinhua-PRNewswire/ -- iSoftStone Information Service Corporation, a leading IT outsourcing service provider in China, today announced it has successfully raised $45 million Series-B Financing with Fidelity Asia Ventures, joined by Mitsui Ventures Global Fund, as well as previous investors AsiaVest Partners and InfoTech Pacific Ventures. Bocom Capital Partners acted as financial advisor to iSoftStone. (Logo: http://www.newscom.com/cgi-bin/prnh/20070316/CNF016LOGO ) "The new round of financing will help further strengthen iSoftStone's global reach and delivery capabilities, deepen and widen our vertical domain expertise, and accelerate our expansion into new business areas in ITO and BPO," said Mr. T.W. Liu, iSoftStone's Chairman and CEO. iSoftStone's rapid expansion was achieved primarily through organic growth as well as successful mergers and acquisitions.
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