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4 Top-Ranked Invesco Mutual Funds To Bet On

With nearly $792.4 billion of assets under management, Invesco Ltd. (NYSE: IVZ ) offers financial solutions through a diverse set of investment vehicles across major equity, fixed income, and alternative asset classes. This leading global investment management company caters to a wide range of mutual funds including both equity and fixed income funds, and domestic and international funds. With nearly 750 investment professionals and more than 6,000 employees, the company offers financial services worldwide through offices in 20 countries. Below we share with you four top-rated Invesco mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Invesco mutual funds, Investors can click here to see the complete list of Invesco funds , their Zacks Rank and past performance. Invesco Global Real Estate Income A (MUTF: ASRAX ) invests the lion’s share of its assets in securities and other derivatives related to the real-estate domain. ASRAX may invest not more than 30% of its assets in securities that are rated below investment grade, commonly known as “junk bonds.” Invesco Global Real Estate Income A returned 5% over the year-to-date frame. As of March 2016, TVLAX held 165 issues, with 2.42% of its assets invested in Land Securities Group PLC. Invesco Developing Markets A (MUTF: GTDDX ) seeks capital appreciation over the long run. GTDDX invests a large chunk of its assets in securities of companies that are domiciled in developing countries and are believed to have an impressive growth prospect. The fund invests in securities of companies irrespective of the market capitalizations. Invesco Developing Markets A returned 12.7% over the year-to-date frame. GTDDX has an expense ratio of 1.43% as compared to the category average of 1.51%. Invesco Asia Pacific Growth A (MUTF: ASIAX ) invests a major portion of its assets in equity securities and depositary receipts of companies located in the Asia Pacific region, excluding Japan. ASIAX may also invest in other derivatives and instruments issued in the region. Though ASIAX invests in securities of companies across all capitalizations, it is expected to invest a notable portion of its assets in securities of companies with small- and medium-size market capitalization. Invesco Asia Pacific Growth A returned 2.8% over the year-to-date frame. Shuxin (Steve) Cao is one of the fund managers of ASIAX since 1999. Invesco Corporate Bond Y (MUTF: ACCHX ) seeks current income through preservation of capital. ACCHX invests a large share of its assets in bonds issued by corporate issuers. The fund is expected to invest a minimum of 65% of its assets in securities that are rated investment-grade. Invesco Corporate Bond Y returned 5.9% over the year-to-date frame. GTDDX has an expense ratio of 0.66% as compared to the category average of 0.86%. Original Post

Stock Market Values – How To Value A Company With No Earnings

Is it just a case of irrational exuberance? Not necessarily. Traditional discounted cash flow analysis is a useful tool when it comes to evaluating financial assets, but it has its limitations. One aspect of investing that DCF analysis ignores is management’s flexibility. They can delay bringing a product to market, or expand its production to meet an unexpected surge in demand, or shift how their facilities are used – perhaps to produce a different kind of product. This kind of flexibility has real value. To capture this value, we use option-pricing methods to supplement traditional valuation. An option is an asset that can go up, but is limited to the downside. If management possesses a patent on a new drug, that patent has value even though it’s not producing cash right now. The upside may be huge while the downside is limited to the cost of bringing the medicine to the marketplace. Click to enlarge Call option pricing. Source: Wikipedia This is also why many tech companies seem to persistently carry such high valuations. The market is putting a high value of its potential growth, and the flexibility management has to pursue different approaches to its business. Putting a value on this kind of asset – management flexibility – is difficult, but it can be done. It depends on the cost of exercising the flexibility, the potential upside a change could realize, the amount of time management has to make the decision, and how volatile conditions are. The more volatile things are, the more these options have value. These values can all be quantified in a pricing model. Click to enlarge Black-Scholes Option Pricing Formula. Source: Wikipedia In practice, this involves a lot of assumptions about stock prices and strike prices and market volatility run through an analytical model with decision points and normal distributions. Additionally, the real world will insert complexities that our models can’t accommodate. Nevertheless, options methodology is essential for understanding why some money-losing companies still have high market values and why some profitable companies seem so cheap. Today, it seems the market is putting a lot of value on the options that Internet-media companies like Amazon (NASDAQ: AMZN ) and Netflix (NASDAQ: NFLX ) possess. It’s not necessarily irrational just because you don’t understand it. Sometimes, what is unseen is more important than what is seen. It’s all in the options. Disclosure: I am/we are long THE MARKET. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

4 Best-Ranked Touchstone Mutual Funds

As of April 30, Touchstone Investments managed $15.6 billion of assets (excluding money market instruments) invested in a wide range of mutual funds. The mutual funds are managed by equity and fixed income funds as well as domestic and foreign funds. The company seeks to “help investors achieve their financial goals by providing access to a distinctive selection of institutional asset managers who are known and respected for proficiency in their specific area of expertise.” Touchstone provides financial services to its clients, with around 18 sub-advisors, including Analytic Investors LLC and Apex Capital Management Inc. Below, we share with you four top-rated Touchstone mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all Touchstone mutual funds, investors can click here . Touchstone Mid Cap Value Fund Adv (MUTF: TCVYX ) seeks growth of capital. It invests a large chunk of its assets in common stocks of companies having market capitalization within the range of the Russell Midcap Index. The fund gained 16.9% over the last three-month period. Jay C. Willadsen has been one of the fund managers of TCVYX since 2014. Touchstone Dynamic Diversified Income Fund A (MUTF: TBAAX ) is a “fund of funds.” It invests in a wide range of underlying mutual funds, including both equity and fixed-income focused mutual funds. Most of the underlying funds in which TBAAX invests its assets are expected to be affiliated. It gained 8.9% over the last three-month period. TBAAX has an expense ratio of 0.49%, as compared to the category average of 0.80%. Touchstone Value Fund A (MUTF: TVLAX ) seeks capital appreciation over the long run. It invests primarily in equity securities of mid- and large-cap companies. The fund invests in securities of companies that are believed to be undervalued. TVLAX may invest not more than 15% of its assets in securities of companies located in foreign lands. It gained 10.3% over the last three-month period. As of March 2016, TVLAX held 46 issues, with 3.57% of its assets invested in Verizon Communications Inc. (NYSE: VZ ) Touchstone Active Bond Fund Adv (MUTF: TOBYX ) invests a lion’s share of its assets in bonds, including government as well as corporate debt securities, and mortgage-related securities. It may also invest a maximum of 20% of its assets in debt securities that are issued by foreign entities. The fund gained 1.4% over the last three-month period. TOBYX has an expense ratio of 0.65%, as compared to the category average of 0.82%. Original Post