BANCI | ENGLISH

S&P Launches Global Agribusiness Composite Index

Autor:

2008-05-19 19:01

Standard & Poor’s, the world’s leading index provider, today announced the launch of the first index to offer exposure to both equities and commodities across the entire agribusiness industry, said the company in a statement.rnrnThe newly-launched S&P Global Agribusiness Composite Index incorporates the new S&P Global Agribusiness Index and the existing S&P GSCI Agriculture and Livestock Index, which is a subset of the S&P GSCI designed to provide liquid exposure to the agriculture and livestock commodities markets through futures contracts.rnrn“The new S&P Global Agribusiness Composite Index provides complete exposure to the global agribusiness industry by combining the downstream exposure offered by equities with the upstream exposure available through commodities. This composite model provides lower volatility for investors and capitalises on S&P’s strengths in both markets,” commented Steven Goldin, Vice President, Portfolio Services for Standard & Poor’s.rnrnThe introduction of the S&P Global Agribusiness Index offers flexibility to investors who want a pure equity exposure to this segment. It consists of 24 of the largest publicly-traded agribusiness companies from around the world with developed market listings that meet minimum market capitalization and liquidity requirements. The index is comprised of a diversified mix of Producers, Distributors & Processors, and Equipment & Materials Suppliers companies.rnrnOne-year returns, at 30 April 2008, were 40.34% for the S&P Global Agribusiness Composite Index and 54.43% for the S&P Global Agribusiness Index.rnrnBoth the S&P Global Agribusiness Composite and the S&P Global Agribusiness Indices are part of the S&P Global Thematic Index Series. The series provides liquid exposure to emerging investment themes that cut across traditional industry definitions and geographical boundaries. The indices are calculated by means of a modified market capitalization-weighting scheme and rebalanced annually after the close on the third Friday of November. There are no intra-year index additions. Deletions can occur due to acquisitions, mergers and spin-offs, bankruptcies or suspensions, or when the company no longer represents the market. rnrnFor more information on the indices, please visit www.standardandpoors.com/indices rnrnAbout Standard & Poor’s Index ServicesrnStandard & Poor’s Index Services, the world’s leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.32 trillion invested and $4.91 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices rn

Taguri:

Comentarii

Nu există comentarii pentru această știre.

Adauga un comentariu

Alte stiri din categoria: ENGLISH

Neutral interest rate in Romania

The neutral nominal rate in Romania has been falling since the start of inflation targeting in 2005. The Taylor Rule clearly shows that interest rates peaked in 2022 and have been on a clear downward path ever since.Furthermore, the model estimates a long-term neutral nominal rate of around 3.9%, which is the equivalent of approx. 1.4% real.Using a more sophisticated model (i.e. New York FED’S HLW model), the real neutral interest rate in Romania is estimated currently at around 1.5% (1.7% 2023 average) and the historical mean at 1.2%.This implies a neutral nominal rate between 4.00% and 4.50%. In the past decade, the NBR real effective rate was below the neutral rate and only over the past year climbed above the neutral mark.Source: Erste Bank

Merger of Alpha Bank and UniCredit Bank Romania

Press Release:"Alpha Services and Holdings announces a strategic partnership with UniCredit in RomaniaMerger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by... detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policyIn its meeting of 4 April 2023, the Board of the National Bank of Romania decided:• to keep the monetary policy rate at 7.00 percent per annum;• to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum;• to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions.The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and electricity prices, under the impact of significant base effects and the change made to the energy price capping and compensation scheme starting 1... detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release:ING posts FY2022 net result of €3,674 million,proposed final 2022 dividend of €0.389 per share 4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%•Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income•Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter•Risk costs declined to 17 bps of average customer lending Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits•On a full-year basis, our primary customer base grew by 585,000•Net core lending growth of €18 billion and net core deposits growth of €25 billion in 2022•Net result of €3,674 million in a challenging year; proposed final 2022 dividend of €0.389 per share CEO statement“Looking back, 2022 was... detalii