News 

Do bucket strategies stand the test of time?

“Why are bucket strategies more likely to fail than the non-bucket strategies?” writes Mark Hulbert for marketwatch.com. In no case did he find that any of the bucket strategies came out on top.Assuming a 30-year retirement, that means that each of the bucket strategies Estrada studied can be expected to fail at least once.The traditional alternative to bucket strategies is to have just one retirement portfolio, or bucket, divided between cash and riskier assets according to a predetermined allocation—say 60% stocks, 30% bonds, 10% cash.The study that provides the comprehensive…

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Crypto Markets News 

Investr Launches Cryptocurrency Index for Retail Investors

“The Invstr Crypto Index, which is now available to Invstr app users, aims to help investors track price fluctuations in the cryptocurrency market” writes David Kimberley for financemagnates.com. Retail trading application Investr announced the launch of a cryptocurrency index this Tuesday.Investors can also compare the price performance of specific cryptocurrencies against the overall index.The Invstr Crypto Index addresses this by using weightings that optimise risk-reward based on the volatility of the constituent assets”.This is not a relevant consideration for smaller investors who want to know what the impact will be…

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News 

Some U.S. funds waiting for earnings to buy shares of surging Chipotle

“Chipotle is currently trading at a price to earnings ratio of 78.2, nearly double its 52-week low of 40.8” reports businessinsider.com. Shares of the company are up more than 23 percent since the start of January alone, yet remain well below their record highs of 2015.The company is expected to report earnings per share of $1.37 on revenue of $1.1 billion in its most recent quarter, according to Refinitiv data.”It’s usually at least a couple of years for a company to restore its reputation but now it could be longer,”…

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Markets News 

Treasury yields log largest daily drop in 4 weeks as Fed’s dovish turn fuels bond market bulls

“The 30-year bond yield TMUBMUSD30Y, -1.16% fell 4.9 basis points to 3.003%, leaving it down 1.7 basis points for the month” writes Sunny Oh for marketwatch.com. The 2-year note yield TMUBMUSD02Y, -2.24% slipped 6.6 basis points to 2.458%, leading to a 3.8 basis point drop in January.The 10-year Treasury note yield TMUBMUSD10Y, -1.97% tumbled 6.3 basis points to 2.631%, its lowest since Jan. 3, contributing to a monthlong drop of 5.3 basis points.When debt rolls off a bond fund portfolio, the average maturity of the portfolio will fall, drifting away…

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News Regulators 

Powell faces early reckoning on Fed’s $4-trillion question

“But late last year, prominent investors took to blaming the Fed’s balance sheet runoff for market volatility” writes Midwest Communications Inc for 95kqds.com. A bigger balance sheet could result in an across-the-board easing of market borrowing costs and the foreign-exchange value of the dollar, easing strains on emerging markets.”You cannot stop the rate-hiking cycle without communicating on the balance sheet as well,” said Thomas Costerg, senior U.S. economist at Pictet Wealth Management, in Geneva, Switzerland.Trump’s tweet exposed a dilemma for the Fed: though its 2017 plan divorced balance sheet policy…

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News 

A growing alternative data company helps hedge funds determine if CEOs are lying using CIA interrogation techniques

“This has resulted in rapid expansion of alternative data providers, who mine for useful and actionable info in non-traditional ways” writes Bradley Saacks for businessinsider.com. The industry group predicts in 2020 hedge fund managers will spend more than $1.7 billion on alternative data, up from $400 million in 2017.With the average hedge fund down 4% last year and investors pushing portfolio managers to justify their fees, alternative data providers like Amenity have blossomed.Read more: Hedge funds spend billions of dollars a year on alternative data.Storch said his firm is not…

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Markets News 

3 digital industries that China is dominating

“In 2017, the International Federation of Robotics reported China to be the strongest marketplace in the world for the robotics industry” reports mashable.com. In addition to an impressive mobile payments market, China is making major advancements in automation.China, which already has one of the world’s most globally competitive economies, may experience explosive economic boosts from emerging digital innovations.China represents a significant investment opportunity for breakthrough innovations in digital industries.With impressive advancements in robotics, AI, and automation on the horizon, China is proving a global force for innovation — and an…

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News 

Six important targets for ABE to achieve in 2019: Chairperson

“The Chairperson of the Agricultural Bank of Egypt (ABE),Elsayed Elkosayer, identified six important targets for the bank to achieve throughout 2019” writes Hossam Mounir for dailynewsegypt.com. In addition, he announced that the bank completed its project to issue government cards, in cooperation with VISA and e-Finance.The Islamic funding employment portfolio scored EGP 831m against EGP 627m. “The ABE contributes to the capital of some companies in the fields of agricultural development, mechanisation, insurance, and banks. Source: dailynewsegypt.com

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