The Export-Import Bank was created in February 1934, as part of the New Deal, to finance trade with the newly established Soviet Union. A second bank was created a month later to finance trade with Cuba and shortly thereafter expanded to include all countries with the exception of the Soviet Union. Congress passed legislation to combine the two banks in 1935. They also granted the unified bank more powers along with more capital.
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Today even very young companies are often international — many entrepreneurial ventures are “born global” in terms of their supply chain or customer base. However, there comes a time when an entrepreneur will decide to make the push into an overseas market in a more formal way, working to establish a presence in that jurisdiction. In fact, a study in April 2015 revealed that 84 percent of companies are expected to focus on their M&A strategy for overseas expansion in the next 12 months.
While the impact investing industry is still in an early stage of development, it is poised for growth. One of the chief barriers to industry advancement remains a paucity of robust research on financial performance.This comprehensive analysis covers the financial performance of market rate private equity and venture capital impact investing funds and serves to guide both existing and future impact investors to better identify strategies that are best-suited for their desired social, environmental, and financial criteria.
The last week of July was quiet in terms of economic data and political risks on a global scale. Amongst the main economic events, Greece has entered into debt negotiations, with the next expected debt payment due to the European Central Bank (ECB) on August 20.This latest market commentary takes a look at manufacturing activity in China and Europe, the current job outlook in the United States, GDP and GNP growth for the second quarter and insight into the global economy for the third quarter in 2015.
As investors search for attractive risk-adjusted returns in challenging markets, they increasingly view sub-investment grade credit as an important component of a globally diversified fixed income portfolio. Credit markets have evolved since the global financial crisis and now provide a broad opportunities for investors across a number of sectors and regions. These changes require investors to take a more global, flexible and dynamic approach to credit investing.
The mutual fund industry has grown tremendously in both size and complexity during the past 30 years. The variety of mutual fund structures and products has expanded, along with the diversity of investors.According to the 2015 Investment Company Fact Book published by the Investment Company Institute (ICI), from 1984 to 2014 the number of mutual funds offered increased 537%. This growth led to changes in the way the industry operated and, consequently, in shareholder services and the role of transfer agents.
There exists this notion that over 70 percent of outstanding municipal securities are held by individual investors through mutual funds or individual holdings. It has been reported that over 50 percent of those mutual funds have some level of exposure to Puerto Rico or its public corporations.This commentary and outlook tackles the possibility that Puerto Rico’s debt Crisis may have broader market implications than first expected.
As mid-year approaches, it is important to do various tax projections to determine if certain investment planning strategies can be implemented or improved. Often, this reveals potential tax liability reductions that would have otherwise been overlooked.This article spells out useful tax planning tips that should be taken into consideration when it comes to preventing tax liability risks.
Two years ago, India was an unhappy member of Morgan Stanley’s “Fragile Five,” a handful of emerging economies judged most vulnerable to tighter Federal Reserve policy and rising global bond yields. Since then, India’s oil bill has dropped, inflation has eased, gold imports have been curtailed, the trade deficit has narrowed -- and in last year’s national elections, Narendra Modi’s Bharatiya Janata Party (BJP) romped to victory, becoming the first single party to win a majority in the lower house of parliament for 30 years.
Greek voters sent a clear message by voting “no” to European creditor proposals. Greece’s Prime Minister, Alexis Tsipras, responded by stating, “I am fully aware that the mandate here is not one to break with Europe, but a mandate to strengthen our negotiation position to seek a viable solution”.