Word: indexable
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Lieberman's initiative will add momentum to an antiterrorism bandwagon that has already started to roll. Last month, FTSE, a big provider of indexes, and the Conflict Securities Advisory Group (CSAG), a research consultant, launched a "terror free" index that excludes assets for some 400 foreign firms that operate in terrorism-supporting countries. Northern Trust, a huge fund manager that caters to both individuals and institutions, will soon roll out investment products based on that index. A source familiar with the naughty list says both ABB, a Swiss engineering giant that does business in Iran, and the China National Petroleum...
...industry. If the terror-free trend should spread, those companies could face significant divestment by U.S. shareholders. Other big-name international companies that have done business with outlaw states include Siemens, Hyundai, Alcatel, BNP Paribas and Statoil. The roster of some 400 global companies excluded by the FTSE/CSAG index includes many that trade on U.S. stock exchanges...
...says according to the portfolio studies, the performance of terror-free funds will be as good as or better than alternatives. "Whenever you remove companies from the mix, there will be an impact," says Stephen Schoenfeld, Northern Trust's chief investment officer. "But when you use a very broad index like the FTSE/CSAG and remove comparatively few companies, performance is not going to change much over the long term...
...Turkey's prospects, at least in the short term. The suit seeks to bar the party and its members from political activity for allegedly violating Turkey's constitutional prohibition against mixing politics and religion. The move has rattled markets. After tripling from 2002 through last November, Turkey's stock index has dropped 32%. The global credit crunch has not helped. The ratings agency Standard & Poor's in April cut Turkey's credit rating to negative from stable, citing a fraught political and global environment. "The Turkish economy is in a major transformation with high efficiency gains, whose impact will...
Food Stamps: Total funding for the program could increase by $8 billion over 10 years. The formula for determining per-family benefits would be tied directly to the consumer price index, meaning, essentially, that benefits would rise in step with the cost of living - a standard that has surpassed food-stamp payouts since 1996. The minimum monthly benefit of $10 per month, which hasn't been increased since 1997, would also climb and keep pace with inflation...