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Perpetrators of fraudulent online business education program to pay $17 million to settle FTC charges – USA Herald

Posted: February 17, 2020 at 6:47 pm


The Federal Trade Commission (FTC) announced that the primary culprits of a fraudulent international online business education program agreed to settle the lawsuit filed against them.

According to the FTC, the defendants behind My Online Business Education (MOBE), a Malaysian company, agreed to pay more than $17 million as part of the settlement.

Under the proposed stipulated order, MOBE founder Matthew Lloyd McPhee will surrender more than $16 million from his personal and company accounts to the Commission. He will also surrender to MOBEs court-appointed receiver his interests in foreign real estate including Costa Rica Resort Property, Fiji Resort Property, and Kuala Lumpur Properties.

The order also permanently prohibits McPhee from selling business coaching programs and investment opportunities. The defendant is an Australian citizen residing in Malaysia.

Additionally, the estate of deceased defendant Russell Whitney surrendered to the FTC over $1.3 million held in his various accounts.

In December 2018, another defendant in the case, Susan Zanghi agreed to turn over to the Commission more than $33,400 in frozen assets under her name. She also agreed to surrender all control over funds held in the name of MOBE corporate entities. The settlement permanently prohibited her from selling or marketing business coaching or investment opportunities.

In June 2018, the FTC sued the three individual defendants and the nine businesses responsible for operating MOBE. The Commission accused the defendants of swindling more than $125 million from thousands of consumers including U.S. service members, veterans, and older adults. They allegedly targeted U.S. consumers through direct mailers, live events, online ads, and social media.

The defendants allegedly made false claims that their business education program will allow consumers to start online businesses and make a substantial profit. They also claimed that their 21-step system is proven in generating a significant amount of money from internet marketing.

In a statement, FTC Bureau of Consumer Protection Director Andrew Smith said, MOBE falsely promised consumers that it could teach them how to start a successful online business and earn six-figure incomes working from home, and consumers lost millions of dollars as a result. With this action, weve put an end to the MOBE scheme, but consumers should be on guard for any work-at-home pitch promising substantial income.

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Perpetrators of fraudulent online business education program to pay $17 million to settle FTC charges - USA Herald

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February 17th, 2020 at 6:47 pm

Posted in Online Education

Real Estate Investing Q&A with David Sherman – ABA Banking Journal

Posted: at 6:45 pm


Sponsored Content provided by Columbia Business School Executive Education

We recently sat down with David Sherman, the co-director of the Paul Milstein Center for Real Estate at Columbia Business School, to discuss the challenges and opportunities in real estate investing, recent technological trends hes seeing in the industry, and why theres a need for better education in this complex asset class.

Sherman brings with him more than 30 years of real estate experience to the position as a former REIT analyst, investment banker, consultant, and for the past 18 years as co-founder, president, and co-chief investment officer of Metropolitan Real Estate. We invite you to take a look at the videos below to hear his insights.

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Real Estate Investing Q&A with David Sherman - ABA Banking Journal

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February 17th, 2020 at 6:45 pm

Posted in Investment

Assembly to call for more investment in higher education in proposed New York state budget – amNY

Posted: at 6:45 pm


Assembly Democrats are calling for more funding to go toward colleges and universities, more money for student living expenses and to keep tuition costs level as part of the houses 2020-21 proposed state budget.

Both the state senate and assembly propose their own state budgets, called one-house budgets every year around mid-March that influence final budget negotiations.

The Assembly Majority has long recognized that higher education is critical to establishing a pathway to the middle class for New Yorkers, said Heastie in a statement released over the weekend. Our proposed budget will reflect our unwavering commitment to higher education by breaking down even more barriers and putting our students on the path to success.

The proposed budget will call for a $50 million investment in the city and state university systems to help close something called the TAP gap, or the difference the state spends in tuition-assistant grants for low-income students and tuition. In 2011, SUNY and CUNY were given the right to increase tuition by $300 over five years under NYSUNY 2020. After the legislation was enacted, both institutions took on the difference between tuition and the states Tuition Assistance Program awards.

According to the statement, the proposed budget will also include $20 million to create the Martin Luther King Jr. Scholarship Fund. The scholarship would help students receive New York State Tuition Assistance pay for room, board, transportation, textbooks and university and college fees.

While proposing more funding, statement added that the assembly will also continue to push back against the proposed tuition hikes at SUNY and CUNY.

Over the last five years, we have fought to keep higher education within reach for our students, and to provide greater access to critical campus resources such as libraries and research facilities, said Assembly Higher Education Committee Chair Deborah Glick.

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Assembly to call for more investment in higher education in proposed New York state budget - amNY

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February 17th, 2020 at 6:45 pm

Posted in Investment

Investing tips with Kelly Brantley – Knoe.com

Posted: at 6:45 pm


MONROE, La. (KNOE) - When it comes to investing for some, it can be a hard financial strategy to achieve. Certified Financial Counselor Kelly Brantley joined us to share some investing tips to help build wealth.

A saying Kelly always uses when it comes to financial planning is to remember slow and steady wins the race. The same applies to investing.

Before investing, Kelly recommends having all debt paid off except your home.

Have 15% of the investment saved into retirement into company match 401K and then put the rest in a RALT IRA.

The RAFT IRA grows tax-free and redraws tax-free during retirement.

Kelly says the first step to take when investing is to learn how to live on less than what you make.

The first investment to look into is having an emergency fund up to $1,000 in case of crisis.

There are ways of diversifying investing by saving 25% of your money in different funds. Those funds include growth, aggressive growth, income and international funds.

For more tips on investing, call Kelly Brantley at 318-497-1059.

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Investing tips with Kelly Brantley - Knoe.com

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February 17th, 2020 at 6:45 pm

Posted in Investment

Fence Maker to Invest $1 Million in Edenton – NC Dept of Commerce

Posted: at 6:45 pm


Nebraska Plastics, Inc, a vinyl fence manufacturer, will create 22 new jobs in Chowan County, Governor Roy Cooper announced today. The company will invest more than $1 million into a manufacturing facility in Edenton.

Manufacturing companies like Nebraska Plastics choose to grow in North Carolina because of our strong economy, great quality of life, and especially for our talented workforce, said Governor Cooper.

Nebraska Plastics, Inc. started in 1945 producing plastic irrigation products for agriculture. The company first invented vinyl fencing in 1978 under the brand name Country Estate Fence. Headquartered in Cozad, Nebraska, the company has remained a family-owned business for 75 years and supplies products to customers in all 50 states and overseas. Along with vinyl fence and railing, Nebraska Plastics continues to produce a line of above ground and below ground PVC irrigation pipe for agriculture.

The opportunity to produce Country Estate Vinyl Products in Edenton, North Carolina gives us a unique advantage to supply our growing demand on the East Coast by producing products closer to our customers, said Paul German, President and CEO of Nebraska Plastics, Inc. We are excited to be a part of the community of Edenton. Our customers will enjoy the same quality products they are used to. Having two locations now allows us to improve customer service while reducing freight costs.

North Carolina has the fifth largest manufacturing economy in the United States, said North Carolina Commerce Secretary Anthony M. Copeland. With more than 170 million customers within a days drive and the largest manufacturing workforce in the Southeast, North Carolina is a great state for manufacturers to expand their operations.

The North Carolina Department of Commerce led the states support for the companys decision.

Although wages will vary depending on the position, the average for all new positions could reach up to $36,591. The current average annual wage in Chowan County is $34,112.

A performance-based grant of $60,000 from the One North Carolina Fund will help facilitate Nebraska Plastics expansion to North Carolina. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One N.C. grants require a matching grant from local governments and any award is contingent upon that condition being met.

This is great news for Chowan County, said N.C. Senator Bob Steinburg. The business community and residents will be greatly enriched by these new jobs. We are ready to support the companys expansion in any way we can.

Nebraska Plastics is making a great investment in Edenton and North Carolina, said N.C. Representative Edward C. Goodwin. We are confident that our business climate and East Coast location will help the company thrive."

In addition to N.C. Commerce and the Economic Development Partnership of North Carolina, other key partners in the project include the North Carolina General Assembly, North Carolina Community College System, Town of Edenton, Chowan County, and Edenton Chowan Partnership.

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Fence Maker to Invest $1 Million in Edenton - NC Dept of Commerce

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February 17th, 2020 at 6:45 pm

Posted in Investment

Government to liberalize investment in omnibus bill on job creation – Jakarta Post

Posted: at 6:45 pm


The government plans to open up almost all business sectors to foreign investment and issue a positive investment list in an omnibus bill on job creation. According to a draft of the bill obtained by The Jakarta Post, all business sectors will be open to direct investment, except those declared prohibited from such activity or those that can only be handled by the government. The prohibited areas are narcotics, gambling, chemical weapon industry, ozone-depleting substances, coral extraction and fishing activities for endangered species based on the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES). Meanwhile, the sectors that can only be handled by the government are those related to public services or defense and security, such as primary weapons defense system, state-owned museums, as well as flight and sailing navigation systems. Furth...

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Government to liberalize investment in omnibus bill on job creation - Jakarta Post

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February 17th, 2020 at 6:45 pm

Posted in Investment

How training investments can boost EHR satisfaction – Healthcare IT News

Posted: at 6:45 pm


As part of the merger of five independent orthopedic practices to form Virginias largest provider of orthopedic and therapy care, OrthoVirginia, a large investment was made implementing a new electronic health record system.

A survey gauging physician satisfaction with the system, however, showed an overall poor experience, which led the CIO and CMIO to work together to implement and show measurable improvements across a range of areas, including more efficient usage of the technology.

Among the most important decision made was to use provider satisfaction measurement tools, to better understand the most impactful EHR related elements that drive provider satisfaction.

A structured onboarding process, including an explanation of the organizations culture, also helps sets expectations for what will be required of the provider to achieve EHR mastery.

"The lack of a clear articulation to the providers about what the EHR can be is a significant and ubiquitous problem," said Dr. Harry C Eschenroeder Jr., CMIO of OrthoVirginia, who is scheduled to address the topic March 12 at HIMSS20 with co-presenter and OrthoVirginia CIO Terri Ripley.

He explained there is confusion about what parts of the workflows are driven by compliance requirements and what parts of the EHR can be helpful.

"Workflows driven by compliance often frustrate providers and may add little value to patient care," he cautioned. "A well designed EHR can orient the physician to the patients situation, teach the patient what is wrong with them, and what they must do to get better."

He further noted it can also facilitate communication and coordination of care amongst the providers trying to help the patient.

"Providers must understand that they bear a responsibility to master and improve their imperfect EHR for the benefit of their patients," he said. "They need to experience some wins in making their EHR better."

Eschenroeder said some methodologies that can be used to successfully implement a continuous education program for physicians include offering at the elbow provider education and provider problem resolution based on a personal relationship between the provider and a provider support specialist.

"In addition, EHR educational presentations at department meetings can help providers to understand that the EHR is not a dead tool, it is evolving, and their input is critical," he said.

Additional methodologies could involve peer to peer teaching and support interactions in provider meetings, and teaching themes for the provider support specialists, so that rounding is more than answering complaints and solving problems.

Eschenroeder and his OrthoVirginia colleague Terri Ripley will share their insights during their HIMSS20 session, Physician Satisfaction with EHR: Is it Possible to Improve? It's scheduled for Thursday, March 12, from 2:30-3:30 p.m. in room W206A.

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How training investments can boost EHR satisfaction - Healthcare IT News

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February 17th, 2020 at 6:45 pm

Posted in Investment

If you are thinking of how to make money, agri-investment is what you should be looking at H&C Founders – Techpoint Africa

Posted: at 6:45 pm


Umar Oba Adelodun and Abdulquawiy Olododo are young engineering graduates who are keen on disrupting the agricultural sector in Nigeria. The co-founders of Heart & Capital, an innovative agricultural startup, in this interview express the belief that agri-businesses hold the potential to power Nigerias economy and lift millions out of poverty.

Umar and Abdulquawiy, who also spoke about the brands vision, advised Nigerians, especially the youths to take advantage of agri-investment, which can help attain wealth if it is rightly done. Find the interview excerpts:

Did you in anyway have an agricultural background and what inspired Heart and Capital? Background, no! We are both engineering graduates. However, our deep interest in agriculture spurred us to intern closely with some big farm owners in Kwara state to see how things are done and that opened us to see some of the incredible gaps and opportunities in the sector.

The internship and the exposures, notwithstanding, we had huge challenges when starting our own farm and this was what inspired Heart and Capital our dream to ensure farm owners do not go through some of the challenges we went through while starting up our own farms Challenges such as poor farm consultants and managers. We wanted to help farm owners replicate our success criteria, thereby, saving them from trial and error. Every other thing such as capacity building and investment platform came after that initial dream.

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What would you say has been the biggest challenges so far with building up Heart and Capital? We have faced and are still facing so many challenges just like any other start up anywhere in the world, ranging from the lack of enabling environment to finding the right fits for the firm, among others. However, at H&C we always find opportunities in challenges. For instance, our core service which is farm management and consultancy came about as a result of our inability to find trustworthy and credible people who could offer us those services. In as much as we face numerous challenges on a daily basis, we take advantage of these challenges and use it to serve more people in a sustainable way.

What would you attribute the success of Heart and Capital to? The dream, the team and Gods grace. We have always had a big dream right from the outset and we have never shied away from doing the hard work. Also, we have an amazing and relentless team that has embodied the vision of H&C and has played a vital role in getting us to where we are currently. And lastly, God has been with us all through.

Why do you think the agricultural sector is lagging behind in terms of investments? Policy! Policy! Policy! As well as lack of structure and enabling environment.

Aside farm investment, youve worked with a prestigious institution like Kwara State University on Human Capital Development. What are your plans on this and has there been any conflicts with your major focus on farm investments?

Our mission as a company is growing and easing agribusiness in Africa. Mentoring thousands of youths falls right in line with our mission because the age of an average farmer in Nigeria is over 50 years old. Few years from now, if we dont have youths taking serious interest in agriculture we will be in serious trouble as a nation and even for us as a company, there would be little agribusinesses to grow and ease. Our plan is to partner with more institutions in and outside the country to reach out and mentor more youths and get them to see the opportunities in Africas agric sector.

Heart and Capital will be launching a new project for agri-investors soon, can you confirm this and what is different about this project? Yes, the Eterno project is our investment product that is centered around cashew and it will be launched on the 24th of February, 2020. We are very keen about this investment product for a number of reasons. It is our first product on the digital platform, previous investment products were not digitally accessible.

When launched, Eterno will perhaps become one of the most affordable investment options out there and this gives room for more people to key into agribusiness opportunities with bountiful returns at minimal risk.

We said minimal risk because the project is fully insured by Leadway Assurance. So, watch this space!

Are you getting any investment interest from people outside the country? YES! Some of our previous proxy farmers (investors) were people in the diaspora and so are a lot of the people who have shown interest in the Eterno project.

The world has gone digital, and that is merely stating the obvious. What are you doing to bring Heart & Capital and its projects to everyone everywhere? True. The world has gone digital and we are happy to tell you that so have we. We have now integrated technology with our investment platform (Assetmart) to allow people all over the world become a proxy farmer via our website. This, we believe is just the beginning. We are determined to continue to integrate technology into our operations for ease of access and efficiency for all our stakeholders.

The main topic when it comes to the environment is climate change, how does your business objectives contribute to this?

Being part of the generation with the ability to still do something about climate change, from our projections our Eterno project will mitigate megatonnes of carbon from the atmosphere. It is a project that was created with the sole purpose of sustainability (people, planet and profit). Thousands of jobs will be created, megatonnes of carbon will be mitigated from the atmosphere via the planted trees and the proxy farmers all get to make profits from the project.

Lastly, as one of the fastest growing agribusiness companies in Nigeria, what are your expansion plans? Our expansion plans include unveiling more investment products on our Assetmart (digital investment platform), which would include opportunities to invest in animal farms, more phases of the Eterno project and other investment opportunities. We also have plans to further scale up our cassava-processing factory and start our own cashew-processing factory. Lastly, we would be proposing partnerships with more institutions across the country and even outside the country so as to reach and mentor more youths on the opportunities in the agric sector.

Got tech solutions to solve health challenges? Become #AfricaTech2020Challenge champion & win trip to #VivaTech Paris. Register NOW! Entries close February 21.

Techpoint Build 2020 is here! Register now. Also, you could win $10,000 for your startup at Pitch Storm. Apply now.

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If you are thinking of how to make money, agri-investment is what you should be looking at H&C Founders - Techpoint Africa

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February 17th, 2020 at 6:45 pm

Posted in Investment

‘Towards inclusive societies Impact investing and financial inclusion’ – Responsible-Investor.com

Posted: at 6:45 pm


The link between economic growth and social progress is complex, although most would agree that pursuing a more inclusive model of economic growth that benefits all segments of society is essential to creating a sustainable future

Financial inclusion has been demonstrated to stimulate economic and social development and to move society toward a range of UN Sustainable Development Goals (UN SDGs). This is achieved by providing access to affordable and responsible financial products and services that people need. We explain below how impact investments that promote financial inclusion can help to foster economic growth and build sustainable economies and societies.

The challenge of accessing affordable credit

The basic premise of an inclusive economy is that more opportunities are made available for more people that an increasingly wide cross-section of society has access to the labour market, financial services and economic opportunity, regardless of their gender, race or ethnicity, age, family background, sexual orientation or socio-economic circumstance.

Financial services are key to achieving progress and growth. Nonetheless, many micro-enterprises, small and medium-sized enterprises (SMEs) and individual borrowers have unmet financing needs. This is often because they have limited or no access to basic financial products and services, or because the products and services to which they do have access are not adequately structured with respect to the prospective clients repayment capacity. Around 1.7 billion people worldwide cannot access traditional bank finance and are classified as unbanked[1]. Further, in developing countries 80% of the most economically-disadvantaged individuals do not have bank accounts[2] with much of the unbanked population consisting of women and poor households in rural areas.

Although financial inclusion is a particularly acute issue in developing markets, access to affordable and responsible financial services, including credit, remains a key challenge for low-income and financially excluded groups in both developed and emerging economies.

Why impact investing is part of the solution

Inclusive finance is helping to bridge this gap. Early efforts aimed at promoting financial inclusion were initiated by NGOs and development finance institutions which would often lend with the objective of social benefit while allowing financial returns to remain a secondary consideration. Over the past twenty years this incipient approach to microcredit has matured to become a rapidly consolidating global microfinance industry. Adequately designed financial products and services, operational efficiencies bred of increasingly sophisticated IT systems, and an understanding that social impact may be achieved without sacrificing risk-adjusted financial returns are now the norm. Providing financing for companies that take this approach allows investors the opportunity to participate in increasing financial inclusion while earning competitive financial returns. This attractive risk-return-impact relationship is helping to increase private-sector investment in this newly consolidating industry and to further reinforce financial deepening in many economies.

Impact investing has been long associated with microfinance funds, which to date make up the majority of existing private debt impact funds. That said, the impact fund universe now includes funds engaged in activities other than pure microfinance. Many of these funds are focused on promoting financial inclusion, with an increasing emphasis on fintech companies that provide products and services to microcredit and SME finance driven by algorithmic underwriting and big data. According to the Global Impact Investing Networks (GIIN) Annual Investor Survey 2018, after energy, microfinance and financial services (ex-microfinance) comprise the second and third-largest impact allocations (assets under management) by sector.

At M&G we invest in private and illiquid fixed income assets across twelve thematic impact areas that offer clear positive environmental or social outcomes as well as attractive financial returns. The following example of an impact investment illustrates how our financing has been used to generate positive social impact in the area of microfinance and financial inclusion.

Impact investing in action

Microfinance Enhancement Facility (MEF) helping to create a cycle of positive change

M&G provided US$90 million senior debt financing to MEF, a $690 million microfinance debt fund set up in 2009 to offer a reliable and stable source of finance to microfinance institutions (MFIs) in a wide range of developing countries.

The MEF was established by IFC (the private-sector arm of the World Bank Group), KfW (the German development bank) and OeEB (the Austrian development bank) to provide short and medium-term debt to MFIs, which in turn offer loans to thousands of micro and small entrepreneurs in developing countries to support economic development and help break the cycle of poverty.

The transaction finances a well-diversified pool of loans in terms of country and MFI entity exposure. A demand-driven fund, the MEF has lent to over 230 MFIs across all developing regions since its inception. The MFIs provide a variety of services to support development activity, including unsecured credit, insurance, housing loans, deposits and savings.

Investment impact overview: With an average underlying loan size of $1,730, our investment in MEF will support lending to around 52,000 micro and small entrepreneurs in developing countries. MEF has progressively grown the share of local currency lending in its portfolio to 62% (all local currency loans are fully hedged to the US dollar), thereby de-risking many of its investee institutions and their clients from currency fluctuations. The activities of the MEF and its partner institutions have a strong developmental profile with 80% of borrowers being women, many of whom are heads of household. Moreover, around two-thirds of the loans made in 2018 were to borrowers in rural areas lacking access to conventional finance and therefore struggling to meet their financial goals.

This investment aligns with the following UN SDGs:

Beyond equality of opportunity

Impact investors can help to create resilient, inclusive and sustainable economies and societies better equipped to navigate the changes induced by megatrends such as globalisation, digitalisation and demographic shifts. We seek to invest in and structure innovative investment solutions that can offer attractive returns and mitigate risks for our clients while generating a measurable social or environmental impact. We invest not only to promote financial inclusion by giving borrowers better access to affordable and appropriate financial services, but also to improve the lives and prospects of those borrowers as a result of the financing provided.

For our latest insights on impact investing and to learn more about our approach: http://www.mandg.com/impactinvesting

For Investment Professionals only.

This article reflects M&Gs present opinions reflecting current market conditions. They are subject to change without notice and involve a number of assumptions which may not prove valid. Past performance is not a guide to future performance. The distribution of this article does not constitute an offer or solicitation. It has been written for informational and educational purposes only and should not be considered as investment advice or as a recommendation of any security, strategy or investment product. Reference in this document to individual companies is included solely for the purpose of illustration and should not be construed as a recommendation to buy or sell the same. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.

The services and products provided by M&G Investment Management Limited are available only to investors who come within the category of the Professional Client as defined in the Financial Conduct Authoritys Handbook.

Issued by M&G Investment Management Limited (unless stated otherwise), registered in England and Wales under number 936683 with its registered office at 10 Fenchurch Avenue, London EC3M 5AG. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority.

[1] The Global Findex Database 2017, World Bank Group.

[2] PIIF Report on Progress 2016 assessing the impact of responsible investors in Inclusive finance, Principles for Investors in Inclusive Finance.

This article was written by Richard Sherry, Fund Manager, M&G Investment Management. This article was sponsored by M&G, and RI editorial staff were not involved in the creation of this content.

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'Towards inclusive societies Impact investing and financial inclusion' - Responsible-Investor.com

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February 17th, 2020 at 6:45 pm

Posted in Investment

Should You Invest in the Invesco S&P 500 Equal Weight Industrials ETF (RGI)? – Yahoo Finance

Posted: at 6:45 pm


The Invesco S&P 500 Equal Weight Industrials ETF (RGI) was launched on 11/01/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Industrials - Broad segment of the equity market.

Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.

Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Industrials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 13, placing it in bottom 19%.

Index Details

The fund is sponsored by Invesco. It has amassed assets over $238.29 M, making it one of the average sized ETFs attempting to match the performance of the Industrials - Broad segment of the equity market. RGI seeks to match the performance of the S&P 500 Equal Weight Industrials Index before fees and expenses.

This index is an unmanaged equal weighted version of the S&P 500 Industrials Index that consists of the common stocks of the following industries: aerospace & defense, building products, construction & engineering, electrical equipment, conglomerates, machinery; commercial services & supplies, air freight & logistics, airlines, marine, road & rail transportation infrastructure.

Costs

Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.

Annual operating expenses for this ETF are 0.40%, making it one of the cheaper products in the space.

It has a 12-month trailing dividend yield of 1.29%.

Sector Exposure and Top Holdings

ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.

This ETF has heaviest allocation in the Industrials sector--about 100% of the portfolio.

Looking at individual holdings, Northrop Grumman Corp (NOC) accounts for about 1.53% of total assets, followed by Lockheed Martin Corp (LMT) and Huntington Ingalls Industries Inc (HII).

The top 10 holdings account for about 14.94% of total assets under management.

Performance and Risk

Year-to-date, the Invesco S&P 500 Equal Weight Industrials ETF return is roughly 3.50% so far, and was up about 19.21% over the last 12 months (as of 02/17/2020). RGI has traded between $116.14 and $141.39 in this past 52-week period.

The ETF has a beta of 1.20 and standard deviation of 15.38% for the trailing three-year period, making it a medium risk choice in the space. With about 70 holdings, it effectively diversifies company-specific risk.

Alternatives

Invesco S&P 500 Equal Weight Industrials ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, RGI is a sufficient option for those seeking exposure to the Industrials ETFs area of the market. Investors might also want to consider some other ETF options in the space.

Vanguard Industrials ETF (VIS) tracks MSCI US Investable Market Industrials 25/50 Index and the Industrial Select Sector SPDR ETF (XLI) tracks Industrial Select Sector Index. Vanguard Industrials ETF has $3.74 B in assets, Industrial Select Sector SPDR ETF has $11.97 B. VIS has an expense ratio of 0.10% and XLI charges 0.13%.

Bottom Line

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco S&P 500 Equal Weight Industrials ETF (RGI): ETF Research Reports Northrop Grumman Corporation (NOC) : Free Stock Analysis Report Lockheed Martin Corporation (LMT) : Free Stock Analysis Report Vanguard Industrials ETF (VIS): ETF Research Reports Industrial Select Sector SPDR ETF (XLI): ETF Research Reports Huntington Ingalls Industries, Inc. (HII) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research

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Should You Invest in the Invesco S&P 500 Equal Weight Industrials ETF (RGI)? - Yahoo Finance

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February 17th, 2020 at 6:45 pm

Posted in Investment


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