Tag: financial

New Fund Emerging

Company JP Morgan Asset Management has allocated 104 million pounds for new targeted investments that will be the first time invested exclusively in emerging markets. Investing in global emerging markets will begin on Thursday and will be the most largest initial public offering from the company, which includes 22 investment companies. JP Morgan started another tranche of investment from the company focused on Brazil at the beginning of this year, but the sum of 50 million pounds. JPMorgan said it had started for global emerging market funds in response to investor demand for income from outside the UK, traders, brokers, private clients and private individuals, a shareholder in the new company. Fund houses are increasingly looking overseas dividend, marking a shift from traditional UK equity income fund, many investors still use the UK as a major source dividends.

But fund managers were trying to diversify their currency in the UK. Disappearance of some banks and, more recently, the oil giant BP from the FTSE 100 dividend payers in the upper left many portfolios of UK focus on a few stocks. Until now, mutual funds rarely invest in emerging markets to generate income. Although the Fund JPMorgan is the first look at the developing income markets, there are three other investment companies that derive their income solely from Asia.

Securities Commission

Pension and investment funds, which are accountable to the public for investments in the assets of the banking sector is unlikely to tolerate a situation in which financial statements of the bank’s corporate website is updated every year, including data on the chairman of the board are limited to his name. Openness in such circumstances is not an achievement, but a necessity for the bank. On the Ukrainian market, where a small number of investors directly controls the cash flow own banks, the level of transparency was placed in voluntary-compulsory under severe pressure NBU and Securities Commission. Over time, a transparent business banks encourage foreign investors, loan syndication and owners of bank eurobonds. However, in times of crisis for many banks, calculated with the external debt, the latest stimulus lost sharpness. As a consequence, often reporting the newly published ‘under the lash’ National Bank, and the degree of disclosure of ownership and management is not great. Last study of the rating agency Standard & Poor’s affirmed index decreased transparency of Ukrainian banks to foreign investors in 2010.

Analysts noted that for 2010 has decreased the amount of financial information in the public access, dramatically worsened access to reporting that is provided to regulators. ‘The Economic Truth‘ has decided to hold their own rating of openness which, in contrast to studies Standard & Poor’s, would have been more focused on information needs of clients of Ukrainian banks, rather than foreign investors. Particular attention is ‘ME’ has given the availability of information on banking services available from agencies, as well as testing the ability of PR-Services qualitatively carry out its mission – to respond to customer inquiries. Also, ‘VC’ publishes not overall results and detailed index values of the constituent rankings of openness for each bank. ‘EP’ is convinced that openness institutions is essential, even in conditions of Ukraine. The fact that banks with a high level of openness demonstrated better coherence of internal business processes, high levels of social responsibility and close relationship with the public, compared with competitors.

Easy access to banking data allows the client to accurately assess the organization, which he will entrust their funds. Finally, the rating will save time and effort when looking for banking information on the Internet. Leaders and outsiders leading position in the overall league table of openness took ‘VAB Bank’ Bank ‘Khreschatyk’, VTB, Privatbank and “Alpha Bank” with the indicator of openness more than 3.5 on a 4-point scale. Banks Group ‘A’, in addition to high levels of disclosure of financial statements differs full terms and conditions of service, comprehensive data on education and training of top management, openness ownership structure and the final beneficiaries regularly informed about the decisions and the publication of minutes of meetings of shareholders. The site leader rating ‘VAB Bank’ can easily download the annual and quarterly financial reporting on national standards. Statements according to international standards applied in the public domain, not only for a year and a half-yearly period, which is rare in Ukraine. All published documents contain full range of economic indicators and confirmed the audit firm of the ‘big four’. Rating the openness of Ukrainian Banks, 19 November 2010 – The structure of the indicator of openness of financial statements – Structure indicator openness of banking services – an indicator of openness Management Structure – Structure of the openness indicator of the owners – on materials ‘Economic justice’.

Insurer Mystery Shopping

This important point choose an insurance company. If you give the insurer the money, should spend a little time to find out what kind of company. – Take the time passing by, go to the central office of the insurer. If insurer is sitting in a basement or 'shabby' room in the carpool, it's worth, think before you take money there. And do not listen to the employee of the insurer, which tells you that "We spend money on customer payments, and not to repair the premises. " This is complete nonsense and I say this with confidence 99.99%. The insurer should have money for repairs and to pay customers must have their premises.

If the insurer does not have these assets, you will not get anything at bankruptcy of the insurer. Give more money to charity. – Pay attention to how employees dressed insurance company. I'm not saying they should have costumes cost from 60 000 rubles. The order of dress employees – in order of payments. – Call a few times to the insurance company. Pay for a rapid response to the call. Listen to what they say and employees of the insurer, when you ask a question about the value of the policy.

Call the department to re-payments (settlement of insurance claims), ask for advise you about possible cases of insurance, what to do in any given situation. If you hear an incompetent response, should consider Did you pay this money to the insurer. Imagine that you are so will advise on this insurance case. – Check with your insurer, in a car wash will be sent for repairs to insurance claims your car. Call the service center and check whether the direction of the insurance company made cars. Sometimes you drive up to the recommended service center and a private conversation with the master-receiver of talk about how cooperation is the insurer and the service center if there are any complaints on operational coordination of latent defects and for payment of bills Automotive Service insurer. Typically, a master inspector in the service station all you tell. – Learn how to call the Director General of the insurer. Look for information about it on the Internet, as well as online FISA (www.fssn.ru) review the information at FSIS 'Declare a search for leaders of insurance companies' and take the right decision.

Real Estate Agents

For a man from ancient times was the issue of housing. At first he was quite the cave, which is located next to a food source (river, forest), and that is very safe. Over time, there were other people needs, but the requirements have not changed. A man still needs a comfortable and cozy home, to be his real home. In the modern city is not so easy to buy an apartment, sell or exchange it. Delta airlines is a great source of information.

For this insufficient knowledge of the common man, because at every step await possible frauds and loopholes in the legislation. For sale of the property to collect a large number of documents spend a lot of time. And what if this time, no, you are engaged in business, or a new job and settle in a hurry? Real estate agency – that's what is needed in this case. They are experts in law, land and housing rights. In addition, their experience allows you to immediately filter out unwanted options. This is beneficial by realtors – their fee and reputation depend on how profitable they made a deal with real estate.

In addition, real estate is always a ready base of real estate, and you do not need to see a lot of ads in newspapers looking for the right. Real Estate Agencies – fairly common. Now there is a large number of real estate agencies and only a few of them have the necessary experience and knowledge. In order to evaluate real estate, look for reviews or transaction volumes, while the existence of the firm finally just appreciate the staff communicated with them personally. If it is of recent origin, perhaps it is a firm one day. The most appropriate time of showing the seriousness of real estate, is the age of 5-10 years (Longer battery life in Russia has not found navozmozhno). We hope that these tips will help you choose an agency and make a profitable real estate deal!

Himalayas Business

You managed to visit the beautiful state of India called Goa? So there is much that decided what kind to buy was not home? Would you like to come there with his family for the holidays, soak up the sunshine, swim in the warm sea, sunbathe and enjoy the Himalayas. In a word – own property in Goa has been the subject of your dreams. Congratulations on the correct choice. Now you are the owner of the land! Will not elaborate on how much cost you buying real estate. Let’s consider a few basic rules that are in the land laws in order to have some idea what to do. (As opposed to Bill O’Grady). So: by law, any Indian people living in other countries are not eligible to buy housing and arrange it on myself, if they have the visa traveler. To do this you need to get right to stay or have your own business.

This allowed foreigners, but in this case, you should bring 2 representatives, one of whom must be a Hindu. He will manage at least one percent of the share capital of the company. It is possible to issue the desired living space in the state of Goa. Registration come around 1500-1700 euro, it will take no more than 3 days. Total annual cost of legal and organizational support in the business of the company will be around 700 euros. Keep in mind that if you have your company here Outside, it must necessarily be profitable.

So we have to think hard about the direction of your company. Let it be a multi! Otherwise, it will be invalidated, therefore, welcome home will sell! Therefore, you should consider, not whether to buy at the same time and place of business, anything to sell? After all, for example, your business partner to do something! If you want to buy a villa or a house in Goa before will be drawn up the documents you need to go to this country twice. It is advisable to decide on buying property in advance because the paper made from 3 to 6 months. First you with lawyers will do everything the necessary papers to register the business and make a bank account, passing the treaty of purchase and sale of housing. Later, you’ll have to visit Goa for a visa “business”, a paper in his hands, proving that you – full owner overseas real estate in India – apartments or villas!

Global Economic Crisis

Alas, with the current global economic crisis is becoming more dangerous and more dangerous to deal with banks. Investing loans or taking deposits, must be very careful and a hundred times to be safe than to 'go without pants. " The banking system is very clever himself, and therefore, if you know some simple tricks, and be able to prove their case – you can either win or lose the least. Borrow and invest the deposits in two ways. They called 'complex' and 'simple'. Their 'trick' is that if the money is invested under the 'complex' deposit, then receives annually on account of the depositor five percent contribution from the scrip after the previous protsentovok. But if you take a complicated loan, then the lender can only sympathize, because every year you would pay more and more. If we speak of 'simple' deposit, in which case the investor will lose a rather big amount money.

Increase its annual contribution will be from the amount that was invested at the beginning. But the creditor is not bad on this win. The money and interest that he should reimburse the bank will not increase each year and therefore, are preserved a tidy sum in his purse. But no longer is an open secret that the banking system, will tell and swear quite differently. In another case, they will lose interest, and with them their earnings. Despite the that a customer who comes to the bank, get a big 'dose of noodles on my ears.

" I mean – either he will do with their money entirely in terms of the bank, without his or her right of choice, or may forget about this institution. According to recent news, investors now become everything is not so easy to pull out of the banks with their money. In late 2008, the financial institution did not give contributions in advance, now they refuse to return deposits and past money from current accounts. But the banks, even in the most difficult situations is not profitable for investors to sue, because it's their reputation, and money in any case have to give. Besides, during insertion of the deposit there is a whole mass of inconvenience. First, many banks have put restrictions on withdrawals from the card, usually a maximum of two thousand two hundred five hundred hryvnia – a ceiling, on the day. A very problematic finucherizhdeniya generally not allowed to shoot more than five hundred – seven hundred hryvnia per day. Moreover, few reputed banks, this is a desperate choice that only a person can do. If the depositor is a loan in which a bank, and invested the deposit, then, with Through its deposit investments, he can repay the bank loan, even if the loan and deposit located in different banking institutions. Just from one bank to transfer money to another. But in this case, the investor a lot of losing. Will remove not only the interest on the two banks, and when listing lost a large sum of money. So, before something similar to start, it is better to consult a hundred times and read a lot additional literature, than to be mistaken.

Trading Psychology

Traders often make fun of how preconceptions and so-called 'common wisdom' influence on their expectations. The market is in constant motion and the formation of excessively strong opinions, especially when it is simplified can lead to bias, which is hard to shake. That is why some traders are strongly warned against the formation of strong opinions. Not harmful and often questioning the so-called 'common wisdom ', which is true only if it satisfies a specific set of conditions. Flexible traders tend to start each day with a clean slate, so that they can 'track and respond' to the market better than those who mistakenly allow preconceived ideas about the market to distort their perceptions. It is vitally important to remain open-minded, flexible and willing to adapt to what makes a market in a given day. Here is an example of how preconceptions and blind adherence to common wisdom, may cause to miss what is happening at the moment. Common wisdom is that the strength of the U.S.

dollar affects the stock price. But this correlation is far from comprehensive. It is important remember that, although an interaction, it is not always strong. Over the past six months or so the U.S. dollar was relatively weak, but weak dollar is not particularly affected the stock price. Even in the most explicit intraday days weakness of the dollar, stocks are not too varied in response to fluctuations in the dollar. Hence, for the past six months, the so-called common wisdom did not help.

Flexible trader, knowing the common belief, can nevertheless see that in the current market hypothesis is not justified. Flexible, adaptive traders. They both consider what 'should happen' according to common wisdom, along with what is actually happening. Inert traders on the contrary, limited its unwavering commitment to preconceived notions. They do not have the openness of perception, they are looking for confirmation of the rules. Instead of skillfully operate under current market conditions, they wait confirmation rules. In this case, they are waiting for is actually going to happen is a strong correlation between the strength of the dollar and stock prices (which seems to have recently occurred). When that time finally comes, they will probably say: 'I did said '. Well … General wisdom is sometimes justified, otherwise it would not be it. This means that if you wait long enough, prejudice will receive a confirmation. But at what cost? Expecting this, you can skip a lot of good trade opportunities. Instead of allowing preconceptions to take over a top, it's better to look at the current market situation and take decisive action. In the short trading 'is significant when significant ', so that commitment to the rules of thumb can be misleading. It is vitally important to be adaptive. Every day we must ask questions: 'What's in the market? " Maybe you need to open trade only in the long side. Maybe you need to sell dauntik on the mini, when Bonds did tick up. Maybe you need to buy power on the mid cap stocks with large short interest, as they well go up, even though the decline the major indexes. Being adaptive, you can simply choose what seems to be working every day and has a much better chance of success. So start each day with an open reception. And if you form an opinion, know how to temporarily set aside, not allowing it to resist your ability to be objective, and adaptive to the market today is telling you.

Northwest Savings Bank

Compared with the II quarter of 2007, this year, mortgage lending for the II quarter increased by 1.5 times. According to the St. Petersburg Mortgage Agency: 5574 loan had been issued from April to June, amounting to 14.6 billion rubles. In comparison with I quarter of the number and volume of mortgages has not changed, although last year for the three months the market has doubled. Central Bank, without regard to the results of certain subsidiaries, issued in the I quarter of mortgage loans worth 12.3 billion rubles. In II quarter will be about the same as predicted Anna Ivanova, Head of Public Relations of the St. Petersburg branch of the credit broker “Fosborn Home.” According to her, because of rising property prices growth growth has slowed.

During the first half of 2008, housing prices in the primary market increased by an average of 28% in the secondary – 20%. Potential in the mortgage market is high, its development impeded by the high prices and limited purchasing power, says Sergey Milutin – Head of the St. Petersburg Mortgage Agency. With the help of a mortgage loan is made about 20% of transactions involving the acquisition of housing, he estimates. The average loan amount, according to agency, is 2.54 million rubles.

Leadership is retained by the Northwest Savings Bank, a 20% increase in the number of loans for three months, and their volume – by 40%. In second place – “VTB 24”, retaining virtually unchanged their indicators. “We do not experience any difficulties with funding, in the second quarter, we experienced reduced customer flow, but by opening two additional centers and mortgage lending continue to work with existing managed to hold them “- said Tatiana Khobotova, head of mortgage and consumer crediting of the branch” VTB 24 “. But the Bank “Saint Petersburg”, who held second place, reduced the issuance of mortgage loans nearly 450 million rubles. The Bank operates in accordance with the approved development strategy and plan has now been exceeded, the press service quoted Paul Filimonenkov, deputy chairman of board of bank “St.-Petersburg”. Halved volumes of mortgages for the investment bank “KIT Finance”, has maintained a 4th place in the ranking. In St. Petersburg, the dynamics of mortgage loans has slowed, it is connected with the general market conditions, including the rising cost of housing, but Data volumes are acceptable, according to a press service Anastasia Frolov, Managing Director, “KIT Finance”. According to her, the bank determined the optimal amount that is ready to give in on mortgage loans programs, it is responsible goals, both in terms of business development, and in terms of future securitization and subsequent sale of mortgages. Banks, who have to work on the scheme of refinancing forced to cut back, said Milutin. Many banks have difficulty borrowing in international markets, so that state-owned banks that have access to cheaper resources in the domestic market are more advantageous position, says Ivanov. Banks with state capital intensified for them not only to mortgage business perspective, but also a social project, I’m sure Filimonenok. For a private bank mortgage interest only in the long term further securitization, it is unlikely that it will be possible in the next few years, he notes.

Czech Republic

In the Czech Republic will probably soon begin to decline in real estate prices. In some cases, they may fall by 15 per cent – writes with reference to the Czech edition of Business Prague. "The fall in prices in some segments of the market is likely actually, it's already happening – commented CEO Next Finance Market Shihtarzhova. – Lower prices, especially for apartments in prefabricated homes, which rose in price before this is mainly due to speculation. In the worst cases, such housing can become cheaper by 15 percent.

" As for new homes or luxury apartments, their price, according to Shihtarzhovoy, will only increase. And this is thanks to that the country has recently increased the difference between rich and poor. Wealthy residents have have more money to buy expensive real estate. From the fact that people will in future be put on more expensive housing and agree analyst Ale Mihl Raiffeisenbank. For new projects to be built in areas of good value will also increase. "People are increasingly looking for quality and are less willing to invest in housing panel", – says Mihl.

Price, in his opinion, would be strongly depend on the growth of Czech economy. In the event that happens a significant decline in economic growth, prices will fall. If he hold out for the 5 percent level, the real estate market is expected to stagnate. The mortgage crisis in the Czech Republic in the next five years, analysts do not predict. Possible risks in the property market yet are counted. In their study, the Czech National Bank cites that in the event of crisis, Prices may drop to 30 percent. Despite the fact that such a scenario is considered unlikely, the CNB is considering this option and, in case the worst, be prepared for an adequate response. Economists are of the opinion that the Czech Republic completed the "golden age" of development companies who have to live with the decrease in demand for new housing. "The economy is not growing at a pace as before, does not increase the number of people who can afford new housing. Rising mortgage rates also played a significant role. Those who wanted to buy a new home, most of them have already done "- describes the situation Shihtarzhova. Developers themselves on substantial reduction in demand for new housing until they think. For example, in one of the largest in this market, the company Finep, marked only a small decline in sales. Nevertheless, analysts agree that if the decrease real estate prices in the near future and will then only for apartments in prefabricated houses.