Word: blue-chip
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Such big bets on synergy aren't the typical way to provide for the golden years of assistant principals and highway patrol officers. Most state pension funds are staid, blue-chip investors that focus on earning steady returns. But since taking over RSA in the early 1970s, when it was worth $500 million, Bronner, a finance Ph.D., has overseen its growth into a $22.4 billion concern. Under Bronner, RSA has ventured boldly into direct investments intended not only to fund state workers' pensions but also to boost Alabama's lagging economy and image. "I don't want...
...needn't get exotic. Many blue-chip government and corporate bonds around the world yield more than Treasuries and comparable corporate bonds in the U.S. So while the benchmark Lehman Brothers U.S. Aggregate Bond Index yields just 3.9%, you can pick up 5.6% with a high-quality fund like Evergreen International Bond, which buys mostly investment-grade debt and has outperformed its peer group over one, three and five years. About half its assets are in corporate bonds...
...have already fallen for Yao--selecting him, in the balloting for this Sunday's All-Star game, over the Lakers' Shaquille O'Neal as the Western Conference's starting center. Yao isn't O'Neal's equal on the court, but he has surpassed Shaq in the estimation of blue-chip companies like Apple and Visa, which see Yao as the pitchman messiah who might finally open the wallets of China's 1.3 billion consumers. "Yao Ming is Tiger Woods," says Adam Silver, president of NBA Entertainment, the league's marketing, Internet, television and merchandising arm. "He's a much...
Given the tax uncertainty, you may want to wait for some clarity. At this moment, though, fully taxable preferred remains your best option--and, as a kicker, these securities have rarely been cheaper. The average dividend yield for blue-chip fully taxable preferred shares is just over 7%, which is 1.4 percentage points higher than the average yield on blue-chip corporate bonds, according to Merrill Lynch. That's about as wide as the spread ever gets, and it means that investors today are promised a superior return with fully taxable preferreds. Among the best values out there, Merrill says...
...stores open for at least 12 months shrank 2.7% from the year before. The company has suffered declining profits for six of the past seven quarters and just lowered its earnings expectations for 2002. Wall Street's indigestion over the news pushed McDonald's once dependable blue-chip stock down to a seven-year low, helping sink the Dow Jones average close to a four-year nadir...