B uilding Portfolios Us ing Exchang e Traded Funds

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "B uilding Portfolios Us ing Exchang e Traded Funds"

Transcription

1 Portfolio Management Group B uilding Portfolios Us ing Exchang e Traded Funds N a n c y H a rts o c k F in a n c ia l A d v is o r F in a n c ia l P la n n in g S p e c ia lis t S m ith B a rn e y J o h n C a rly le S t, S u ite A le x a n d ria, V irg in ia (7 0 3 ) INVESTMENT PRODUCTS: NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE 1

2 E T F s A llo w fo r F le x ib le S tra te g ie s Core 100% ETF portfolio strategies based on asset allocation models, model portfolios or other portfolio analysis and strategy. Core / Satellite Addresses asset allocation strategies by managing active risks and costs through a blend of index (passive) and active managers. Combines ETFs as the Core with complimentary securities, mutual funds or active managers as the Satellites. Completion Fills asset allocation gaps or makes style or sector tilts using one or more ETFs. 2

3 E T F s C o v e r M a n y M a rk e t S e g m e n ts Exchang e Traded Funds Univers e B ro a d B a s e d L a rg e -C a p M id -C a p S m a ll-c a p M ic ro -C a p S e c to rs G lo b a l T o ta l M a rk e t C o re G ro w th V a lu e C o re G ro w th V a lu e C o re G ro w th V a lu e In te rn a tio n a l S p e c ia lty F ix e d In c o m e In te rn a tio n a l E m e rg in g M a rk e ts A fric a / M id d le E a s t A s ia E u ro p e N o rth A m e ric a L a tin A m e ric a D iv id e n d IP O s S p in o ffs R E IT s S o c ia lly R e s p G o v e rn m e n ts S h o rt-te rm In te rm e d ia te L o n g -te rm C o re O th e r G o ld S ilv e r C u rre n c y C o m m o d itie s C o n s D is c S ta p le s E n e rg y F in a n c ia ls H e a lth c a re In d u s tria ls In fo T e c h M a te ria ls T e le c o m U tilitie s 3

4 ETF Usage T ra d itio n a l in d e x fu n d s E q u itiz e c a s h G a in s e c to r/s ty le e x p o s u re M a rk e t d iv e rs ific a tio n P o rtfo lio c o m p le tio n T a x -lo s s h a rv e s tin g N u m e ro u s fix e d in c o m e a p p lic a tio n s 4

5 Our Inves tment Proces s S tep 1 S et Financial Objectives S tep 3 On-G oing Portfolio Monitoring & R eview S tep 2 Create a Tailored S trategy 5

6 S tep 1 S e t F in a n c ia l O b je c tiv e s Es tablis h a realis tic s et of objectives. Financial Goals Inves tment Time Horizon Ris k tolerance Pas t inves tment experience Knowledge of the capital markets 6

7 S tep 2 C re a te a T a ilo re d S tra te g y B uild a portfolio to meet your return objectives while reducing your ris k 7

8 A Case for Asset Allocation Asset Allocation can be one of the most important decisions of Investment Policy. Over 90% of the variability in long-term returns can be attributed to Asset Allocation. Undetermined 2.2% Market Timing 1.7% Asset Allocation 93.6 % Security Selection 2.5% Source: Financial Analysts Journal, January-February 2000, analyzing the period 12/93 to 12/97. Diversification does not ensure against loss. 8

9 S tep 3 O n g o in g P o rtfo lio M o n ito rin g Track your portfolio s prog res s toward your s tated goal Active discus s ions of goals Adjus tments to changing financial circums tances R eview of market performance Evaluation of portfolio performance 9

10 Reas ons to Hire a Portfolio Manager L a c k o f tim e L a c k o f e x p e rtis e R e m o v e e m o tio n s F id u c ia ry c o n c e rn s L iq u id ity D iv e rs ific a tio n T im e ly re p o rtin g P ro fe s s io n a l A s s e t M a n a g e m e n t C o n tin u ity o f m a n a g e m e n t 10

11 Why S mith B arney s ETF Program May B e Right For You? D ire c t c o n ta c t w ith fin a n c ia l a d v is o r In d iv id u a lly m a n a g e d p o rtfo lio A b ility to d iv e rs ify e n tire c lie n t p o rtfo lio A s s e t b a s e d fe e b a s e d o n to ta l a s s e ts u n d e r m a n a g e m e n t G lo b a l re s o u rc e s o f S m ith B a rn e y 11

12 Im p o rta n t S m ith B a rn e y D is c lo s u re s 2007 Citigroup Global Markets Inc. Member SIPC. Smith Barney, Portfolio Management Group and Investment Advisory Services are divisions of Citigroup Global Markets Inc. Securities are offered through Smith Barney. Citigroup Global Markets Inc. and Citibank are affiliated companies under the common control of Citigroup Inc. Smith Barney is a service mark of Citigroup Global Markets Inc. and its affiliates and is used and registered throughout the world. Citi and Citi with Arc Design are trademarks and service marks of Citigroup Inc. and its affiliates, and are used and registered throughout the world. volatility than larger, more established companies. Investment Return and Principal value of an investment will fluctuate, thus an investor s shares, when redeemed, may be worth more or less than their original cost. Past performance is not a guarantee of future results. There may be additional risks associated with international investing involving foreign economic, political, monetary and/or legal factors. International investing may not be for everyone. Diversification does not ensure against loss. If investing in Small Capitalization companies, you should be aware that these companies may be subject to higher volatility than larger, more established companies. Information is provided for general informational purposes only. It is not intended to provide specific advice or recommendations to any individual or entity. Individuals or entities should consult with their accountant, tax or legal advisor with respect to their specific situation. Citigroup, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax-related statements, if any, may have been written in connection with the "promotion or marketing" of the transaction(s) or matters(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor. 12

BLACKHAWK NETWORK HOLDINGS, INC.

BLACKHAWK NETWORK HOLDINGS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter)

SONIC AUTOMOTIVE, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

CARBONITE, INC. (Exact name of registrant as specified in its charter)

CARBONITE, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event

More information

CINCINNATI BELL INC. (Exact Name of Registrant as Specified in its Charter)

CINCINNATI BELL INC. (Exact Name of Registrant as Specified in its Charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report: November 2, 2017 CINCINNATI

More information

LINC Logistics LLC - Corporate Office Issue: Version 3.1 Procedures Manual SUBJECT: Section 1.0 BUSINESS CONTROL Date: March 13, 2013

LINC Logistics LLC - Corporate Office Issue: Version 3.1 Procedures Manual SUBJECT: Section 1.0 BUSINESS CONTROL Date: March 13, 2013 1.4 OPERATIONS DEVELOPMENT SCOPE This procedure describes how the company: Develops new or amends existing operational processes. Arranges for adequate resources for a launch. The Operations Project team

More information

UNEP FI Task Force. 1. Credit risk and sustainable development

UNEP FI Task Force. 1. Credit risk and sustainable development welkom welcome Nairobi 1 October 2007 UNEP FI Task Force 1. Credit risk and sustainable development 2. Social and environmental field guidance for microfinance institutions the FMO approach Anton van Winden

More information

The Importance of Ethics in Policing. Adrian Lee, CC Northamptonshire Keele Workshop on Ethical Policing Thursday 18 th November 2010

The Importance of Ethics in Policing. Adrian Lee, CC Northamptonshire Keele Workshop on Ethical Policing Thursday 18 th November 2010 The Importance of Ethics in Policing Adrian Lee, CC Northamptonshire Keele Workshop on Ethical Policing Thursday 18 th November 2010 If only policing was as easy as this Overview Ethical Leadership - Our

More information

Allocations Follow Form: The Impact of Federal Structure on Association PACs

Allocations Follow Form: The Impact of Federal Structure on Association PACs Allocations Follow Form: The Impact of Federal Structure on Association PACs Frank L. Davis, Lehigh University Researchers have found that the leaders o f PACs serving associations with federated organizational

More information

Best Practices for Growing a Successful Program

Best Practices for Growing a Successful Program Treasury and Trade Solutions Citi Commercial Cards 2015 Commercial Cards Conference May 18-20, 2015 Best Practices for Growing a Successful Program Citi Host: Archie Payne Client Presenter: Blake Stewart

More information

UNIVERSITY OF CALIFORNIA, IRVINE, DIVISION OF CONTINUING EDUCATION

UNIVERSITY OF CALIFORNIA, IRVINE, DIVISION OF CONTINUING EDUCATION UNIVERSITY OF CALIFORNIA, IRVINE, DIVISION OF CONTINUING EDUCATION BERKELEY DAVIS IRVINE LOS ANGELES MERCED RIVERSIDE SAN DIEGO SAN FRANCISCO SANTA BARBARA SANTA CRUZ University Programs, International

More information

A G E N D A. 2. M inutes o f th e l a s t m eetin g ( p r e v io u s ly c i r c u l a t e d ).

A G E N D A. 2. M inutes o f th e l a s t m eetin g ( p r e v io u s ly c i r c u l a t e d ). Dawson House, Great Sankey Warrington WA5 3LW Telephone Penketh 4321 F1/B1 8 th December 1981 To: Members o f th e R e g io n a l F i s h e r i e s A d v iso ry C om m ittee: (M essrs. T.. A. F. B arn

More information

Global File Solution Best Practices

Global File Solution Best Practices Treasury and Trade Solutions Citi Commercial Cards 2015 Commercial Cards Conference May 18-20, 2015 Global File Solution Best Practices Cindy Trautz, Citi Global Client Solutions Architect Table of Contents

More information

The Wales perspective of using an ICP for the last days of life. Dr Helen Mitchell Dr Marlise Poolman Ros Johnstone

The Wales perspective of using an ICP for the last days of life. Dr Helen Mitchell Dr Marlise Poolman Ros Johnstone The Wales perspective of using an ICP for the last days of life Dr Helen Mitchell Dr Marlise Poolman Ros Johnstone Population reporting 'good' general health (Darker colours indicate better health) Wales

More information

ELIGIBILITY CRITERIA FOR NOW ACCOUNTS. Proposed Interpretation of Regulation Q

ELIGIBILITY CRITERIA FOR NOW ACCOUNTS. Proposed Interpretation of Regulation Q F E D E R A L R E S E R V E B ANK O F N E W Y O R K [ Circular No. 9 0 5 8 1 April 21,1981 J ELIGIBILITY CRITERIA FOR NOW ACCOUNTS Proposed Interpretation of Regulation Q To All Depository Institutions,

More information

THEOLOGICAL COLLEGE OF THE CANADIAN REFORMED CHURCHES FINANCIAL STATEMENTS FOR THE YEAR ENDED MAY 31,1986 INDEX

THEOLOGICAL COLLEGE OF THE CANADIAN REFORMED CHURCHES FINANCIAL STATEMENTS FOR THE YEAR ENDED MAY 31,1986 INDEX THEOLOGICAL COLLEGE OF THE CANADIAN REFORMED CHURCHES FINANCIAL STATEMENTS FOR THE YEAR ENDED MAY 31,1986 AUDITORS' REPORT BALANCE SHEET EQUITY REVENUE AND EXPENDITURE EXPENDITURE DETAIL NOTES TO THE FINANCIAL

More information

GUIDED WEALTH PORTFOLIOS. Start investing for your future today

GUIDED WEALTH PORTFOLIOS. Start investing for your future today GUIDED WEALTH PORTFOLIOS Start investing for your future today Invest for your future with our new online platform that combines the benefits of a personal financial advisor with sophisticated technology.

More information

FEDERAL RESERVE BANK OF NEW YORK. T ex t o f F ed era l R eg ister N otices

FEDERAL RESERVE BANK OF NEW YORK. T ex t o f F ed era l R eg ister N otices FEDERAL RESERVE BANK OF NEW YORK Circular No. 8873 July 11, 1980 C O M P L E T IO N O F P H A S E -O U T O F C R E D IT R E S T R A IN T PR O G R A M T ex t o f F ed era l R eg ister N otices To All Member

More information

Virtual Card Payments (VCA): Discovering New Flows

Virtual Card Payments (VCA): Discovering New Flows Treasury and Trade Solutions Citi Commercial Cards Innovation, Efficiency, Simplicity. 2015 Commercial Cards Conference May 18-20, 2015 Virtual Card Payments (VCA): Discovering New Flows Citi Host: Archie

More information

Reinsurance Management - What creates value? Piers Maunder November 2007

Reinsurance Management - What creates value? Piers Maunder November 2007 Reinsurance Management - What creates value? Piers Maunder November 2007 Finity Consulting Pty Limited 2007 Reinsurance Management Companies will be targeting reinsurance savings and alternatives to traditional

More information

6, CONDITION OF FEDERAL RESERVE BANKS. T

6, CONDITION OF FEDERAL RESERVE BANKS. T STATEMENT FOR THE PRESS. R eleased.for p u b lica tio n S t,2882. Friday morning, J u ly 7; ' Federal Reserve Board, not e a r lie r, Ju ly 6, 1922. CONDITION OF FEDERAL RESERVE BANKS. T otal ad dition

More information

Organising a Fundraising Event for Shine

Organising a Fundraising Event for Shine Organising a Fundraising Event for Shine About Shine Shine is the national organisation dedicated to upholding the rights and addressing the needs of all those affected by mental ill health including,

More information

Sixty-third Congress of the United States of America; At the

Sixty-third Congress of the United States of America; At the H.R. 7837 Sixty-third Congress of the United States of America; At the Second Session, Begun and held at the City of Washington on Monday, the first day of December, one- thousand nine hundred and thirteen.

More information

Impact of the global economic crisis on the South African economy

Impact of the global economic crisis on the South African economy Impact of the global economic crisis on the South African economy Seeraj Mohamed UNRISD Conference -3 Nov. Corporate Strategy and Industrial Development Research Programme School of Economic and Business

More information

Sherpa Group Workshop on SETIS 2 July SET-Plan Monitoring and Review. Stathis Peteves

Sherpa Group Workshop on SETIS 2 July SET-Plan Monitoring and Review. Stathis Peteves Sherpa Group Workshop on SETIS 2 July 2010 1 1 SET-Plan Monitoring and Review Stathis Peteves SETIS: The pathway to implementation Sherpa Group Workshop on SETIS 2 July 2010 2 2 2007-8 Technology Map PRIORITIES

More information

Finance Avenue Brussels November 15, 2014

Finance Avenue Brussels November 15, 2014 November 15, 2014 1 15th anniversary Home Invest Belgium : evolution towards pure player in real estate Why invest in Home Invest Belgium? 2 Topics 1. Company profile & strategy 2. Portfolio 3. Financials

More information

Q Earnings. November 21, 20 17

Q Earnings. November 21, 20 17 Q3 20 17 Earnings November 21, 20 17 Safe Harbor Th is presentation contains forw a rd -looking statements w it h in the m e a n in g of the P riva t e Securities Lit ig a t io n Re form Act of 19 9 5.

More information

Osman Karam usfafa. Ala M urutoglu. A lper Ozuim

Osman Karam usfafa. Ala M urutoglu. A lper Ozuim Basic Financial Characteristics in the Banking Sector: An Empirical Analysis (990-997) Osman Karam usfafa Leading Indicators Approach for Business Cycle Forecasting and a Study on Developing a Leading

More information

Carers Week 12th 18th June Save the Dates. Wired as part of the ACE group will be hosting events throughout Carers Week.

Carers Week 12th 18th June Save the Dates. Wired as part of the ACE group will be hosting events throughout Carers Week. WIRED Carers Support Carer Connectors Building Carer Friendly Communities Wirral Carers E-news Issue: 17-6 Date: 10/05/17 Find Us Follow Us Carers Week 12th 18th June 2017 Save the Dates Wired as part

More information

Veritas Petroleum P. a Services B.V. Quarterly report. 30 June 2015

Veritas Petroleum P. a Services B.V. Quarterly report. 30 June 2015 Veritas Petroleum P. a Services B.V. Quarterly report 30 June 2015 Ops Q2 2015 Update from the board of directors Financial performance Veritas Petroleum Services B.V. and its subsidiaries, hereafter the

More information

FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States

FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States FEDERAL RESERVE BANK OF NEW YORK Fiscal Agent of the United States Circular No. 8917 September 15, 1980 TREASURY TO AUCTION 2-YEAR AND 4-YEAR NOTES TOTALING $7,500 MILLION To All Banking Institutions,

More information

Local public finance in Japan Jumhichiro Yonehara

Local public finance in Japan Jumhichiro Yonehara Local public finance in Japan Jumhichiro Yonehara Centre for Research on Federal Financial Relations The Australian National University, Canberra Research Monograph No. 36 Local public finance in Japan

More information

Developing a Model for Organizing and Administering Instructional Media Centers for Teacher Education in Iran

Developing a Model for Organizing and Administering Instructional Media Centers for Teacher Education in Iran Andrews University Digital Commons @ Andrews University Dissertations Graduate Research 1978 Developing a Model for Organizing and Administering Instructional Media Centers for Teacher Education in Iran

More information

Assessing Alexandria/Arlington s Regional Labor Market

Assessing Alexandria/Arlington s Regional Labor Market Assessing Alexandria/Arlington s Regional Labor Market Mark C. White, Ph.D. Center for Regional Analysis Schar School of Policy and Government George Mason University March 6, 2017 Agenda Key demographic

More information

WEALTH SOLUTIONS PORTFOLIO ADVISORY SERVICES

WEALTH SOLUTIONS PORTFOLIO ADVISORY SERVICES WEALTH SOLUTIONS PORTFOLIO ADVISORY SERVICES S E PA R AT E LY M A N AG E D ACCO U N T S ( S M A ) A N D M U T UA L F U N D P R O G R A M S ( M F P ) Miles Capital offers a suite of investment advisory

More information

The merger: Agenda for the new millennium

The merger: Agenda for the new millennium Bank The merger: Agenda for the new millennium October 25, 2001 Content The merger Transformation in the financial sector ICICI group today - a virtual universal bank Rationale for merger Merger process

More information

Raymond James Annual Investors Conference

Raymond James Annual Investors Conference Citi Investor Relations Raymond James Annual Investors Conference March 3, 2014 John Gerspach Chief Financial Officer Highlights Improved performance in 2013 reflects ongoing transformation Continued to

More information

Our Health, Our Care, Our Say: Performance & Outcomes

Our Health, Our Care, Our Say: Performance & Outcomes Our Health, Our Care, Our Say: Performance & Outcomes Lynda Fean & Carl Evans 27 March 2006 DH WHITE PAPER HEADLINES Social care outcomes confirmed - build on these to confirm a single set of outcomes

More information

Study of Saurashtra Coastal Corridor of Gujarat

Study of Saurashtra Coastal Corridor of Gujarat Gujarat Infrastructure Development Board Study of of Gujarat Final Report February 2006 TABLE OF CONTENTS Gujarat Infrastructure Development Board (GIDB) 1 INTRODUCTION... 3 BACKGROUND... 3 PWC S SCOPE

More information

oro negro x 1Q2017 >redefimendo lo posible possible<

oro negro x 1Q2017 >redefimendo lo posible possible< x 1Q2017 >redefimendo lo posible possible< Forward-Looking Statements This report contains forward-looking statements that relate to future events, including our future operating results and conditions,

More information

Art Ryan, Chairman and CEO

Art Ryan, Chairman and CEO Merrill Lynch Insurance Investors Conference New York, February 14, 2007 Art Ryan, Chairman and CEO Forward-Looking Statements Certain of the statements included in this presentation constitute forward-looking

More information

Fact book for Estimating the Manpower Needs of Federal Programs

Fact book for Estimating the Manpower Needs of Federal Programs l I-?: Fact book for Estimating the Manpower Needs of Federal Programs U.S. Department of Labor Bureau of Labor Statistics 1975 Bulletin 1832 Factbook for Estimating the Manpower Needs of Federal Programs

More information

Statement of the Basis of Transmission Owner Charges Applicable from 1 st April 2016

Statement of the Basis of Transmission Owner Charges Applicable from 1 st April 2016 Statement of the Basis of Transmission Owner Charges Applicable from 1 st April 2016 This statement has been approved by the Gas and Electricity Markets Authority CONTENTS STATEMENT OF SP TRANSMISSION

More information

CITY OF ROCHESTER, NEW HAMPSHIRE INVITATION TO BID

CITY OF ROCHESTER, NEW HAMPSHIRE INVITATION TO BID CITY OF ROCHESTER, NEW HAMPSHIRE INVITATION TO BID The City of Rochester, New Hampshire, is accepting sealed bids for a Ballistic Vest. Bids must be submitted in a sealed envelope plainly marked: Sealed

More information

Free Parking: Nevada

Free Parking: Nevada This does not constitute tax advice. All persons considering use of available incentives should consult with their own tax professional to determine eligibility, specific amount of benefit available, if

More information

Preliminary BEE Verification Report

Preliminary BEE Verification Report Preliminary BEE Verification Report The University of Cape Town 14 May 2018 1. Details of Measured Entity: Company Name Trade Name The University of Cape Town Address Registration Number 93-99 Main Road

More information

Contents. Abbreviations and Acronyms

Contents. Abbreviations and Acronyms Contents Abbreviations and Acronyms ix Executive Summary Broad findings How soon w ill commitments bite? The answer on tariffs is not soon The answer fo r other provisions is less certain The costs of

More information

Responsibility accounting: Core concept, Techniques & Practices

Responsibility accounting: Core concept, Techniques & Practices CHAPTER TWO Responsibility accounting: Core concept, Techniques & Practices 2.1. Definition & Salient features: Responsibility accounting is a system of collecting and presenting of accounting data that

More information

EU Security Research

EU Security Research EU Security Research 28 June 2012 Rome Angelo MARINO Security Research Threats & Policy Responses European Security Strategy (December 2003): Internal Security Strategy (February 2010) Organised crime

More information

Cornell University ILR School. Retail and Education Collective Bargaining Agreements - U.S. Department of Labor

Cornell University ILR School. Retail and Education Collective Bargaining Agreements - U.S. Department of Labor Cornell University ILR School DigitalCommons@ILR Retail and Education Collective Bargaining Agreements - U.S. Department of Labor Collective Bargaining Agreements 1-1-1938 Alta Corporation, Arrow Furniture,

More information

A G E N D A. 4. F is h e r y Im provem ent G ra n t and F is h e r y E quipm ent Loan Schem es.

A G E N D A. 4. F is h e r y Im provem ent G ra n t and F is h e r y E quipm ent Loan Schem es. Dawson House, Great Sankey Warrington WA5 3LW Telephone Penketh 4321 F2/B5 3 1 s t March- 1982 To: Members o f th e S o u th e rn A rea F i s h e r i e s A d v iso ry C om m ittee: (M essrs. J. S. B a

More information

SWEN 256 Software Process & Project Management

SWEN 256 Software Process & Project Management SWEN 256 Software Process & Project Management Software change is inevitable o New requirements emerge when the software is under development or being used o The business environment changes o Errors must

More information

Dell Support Services Application Program Interfaces (APIs) Overview

Dell Support Services Application Program Interfaces (APIs) Overview Dell Support Services Application Program Interfaces (APIs) Overview Support Case Management API Benefits and Availability What is it? An electronic channel that enables transactional management of support

More information

RURAL DEVELOPMENT PLANNING STRATEGIES FOR THE PROVINCE OF WEST SUMATRA OF INDONESIA

RURAL DEVELOPMENT PLANNING STRATEGIES FOR THE PROVINCE OF WEST SUMATRA OF INDONESIA RURAL DEVELOPMENT PLANNING STRATEGIES FOR THE PROVINCE OF WEST SUMATRA OF INDONESIA by Sjofjan Asnawi A dissertation submitted in partial fulfilment of the requirements for the degree of Master of Agricultural

More information

Creating a Six Sigma Super Highway for Delivering Results

Creating a Six Sigma Super Highway for Delivering Results Creating a Six Sigma Super Highway for Delivering Results Don L Redinius MBB, President and COO Savvi International Corporation 0. 2 0.18 0.16 0.14 0.12 0. 1 0.08 0.06 0.04 0.02 0 1 2 3 4 5 6 7 8 9 1 0

More information

UMA Model Portfolios Professional Advice for Your Unified Managed Account

UMA Model Portfolios Professional Advice for Your Unified Managed Account UMA Model Portfolios Professional Advice for Your Unified Managed Account B The introduction of unified managed accounts has helped many investors to consolidate and streamline their investment portfolios.

More information

Developments in the organization and functions of American banks since the establishment of the Federal Reserve System

Developments in the organization and functions of American banks since the establishment of the Federal Reserve System University of Iowa Iowa Research Online Theses and Dissertations 1921 Developments in the organization and functions of American banks since the establishment of the Federal Reserve System Mary Ellen Donovan

More information

SAADANI NATIONAL PARK

SAADANI NATIONAL PARK MANAGEMENT ZONE PLAN M k w a ja N o r rth H Q M ik o c h e n i M k a la m o M k w a ja K w a m s is i Buyuni B K Kuu B Buyuni K Kitope S Saadani i HQ H Q S a a d a n i M k a n g e Z a ra r a n in g e H

More information

Asset Allocation Portfolios

Asset Allocation Portfolios Asset Allocation Portfolios Christopher Eckert Senior Vice President Wealth Management Senior Portfolio Manager Financial Advisor 320 Post Road West Westport, CT 06880 phone: 203-222-4057 toll-free: 866-740-7841

More information

Treasury Practices. FBAR Reporting. May 23, Craig S. ( Sandy ) Saxer Senior Vice President PNC Bank Treasury Services

Treasury Practices. FBAR Reporting. May 23, Craig S. ( Sandy ) Saxer Senior Vice President PNC Bank Treasury Services Treasury Practices 2016 FBAR Reporting May 23, 2016 Craig S. ( Sandy ) Saxer Senior Vice President PNC Bank Treasury Services Session Purpose US laws mandate a broad basis of anti-money laundering requirements.

More information

Promotional campaign for the promotion of tourism and recreation in seven southwestern counties of Montana

Promotional campaign for the promotion of tourism and recreation in seven southwestern counties of Montana University of Montana ScholarWorks at University of Montana Graduate Student Theses, Dissertations, & Professional Papers Graduate School 1967 Promotional campaign for the promotion of tourism and recreation

More information

The Australian National University Report

The Australian National University Report The Australian National University Äj 1984 Report The Australian National University 1984 Report Part 2 Report of the Council for the period 1 January 1984 to 31 December 1984 COMMONWEALTH OE AUSTRALIA

More information

Fidelity Portfolio Advisory Service. Focused on you and your financial goals

Fidelity Portfolio Advisory Service. Focused on you and your financial goals Fidelity Portfolio Advisory Service Focused on you and your financial goals Let us take the weight of investing off your shoulders. A Fidelity Portfolio Advisory Service managed account can help take the

More information

F E D E R A L R E SE R V E BANK O F N E W Y O R K. Results of Bidding for 172-Day Treasury Bills, Dated April 3, 1961 Tax Anticipation Series

F E D E R A L R E SE R V E BANK O F N E W Y O R K. Results of Bidding for 172-Day Treasury Bills, Dated April 3, 1961 Tax Anticipation Series F E D E R A L R E SE R V E BANK O F N E W Y O R K Fiscal A gent o f the United States r Circular N o. 5 0 1 1 I March 29, 1961 Results of Bidding for 172-Day Treasury Bills, Dated April 3, 1961 Tax Anticipation

More information

Pilot Retirements Accelerate Beginning In 2021 & Peak In 2025

Pilot Retirements Accelerate Beginning In 2021 & Peak In 2025 Equity Research July 5, 217 Airlines Helane Becker 646.562.1399 helane.becker@cowen.com Conor Cunningham 646.562.1373 conor.cunningham@cowen.com Industry Update Pilot Retirements Accelerate Beginning In

More information

PUBLIC SECTOR BORROWING IN AUSTRALIA

PUBLIC SECTOR BORROWING IN AUSTRALIA PUBLIC SECTOR BORROWING IN AUSTRALIA edited by R. L. Mathews Centre for Research on Federal Financial Relations, This book was published by ANU Press between 1965 1991. This republication is part of the

More information

Investment solutions designed exclusively for qualified retirement plans

Investment solutions designed exclusively for qualified retirement plans Investment solutions designed exclusively for qualified retirement plans For nearly 20 years, Charles Schwab Bank has been an innovator in creating investment solutions for qualified retirement plans.

More information

Strategic. Financial. Solutions. The Advantage of Personal Professional Money Management

Strategic. Financial. Solutions. The Advantage of Personal Professional Money Management Strategic Financial Solutions The Advantage of Personal Professional Money Management 2 S t r a t e g i c F i n a n c i a l S o l u t i o n s Having financial goals is one thing. Achieving them is another,

More information

Technical Working Group Energy Efficiency (TWG-EE) KICK-OFF MEETING. Jakarta, 11 November 2009

Technical Working Group Energy Efficiency (TWG-EE) KICK-OFF MEETING. Jakarta, 11 November 2009 Technical Working Group Energy Efficiency (TWG-EE) KICK-OFF MEETING Jakarta, 11 November 2009 Seite 1 TWG-EE u Programme of the kick-off meeting Round of introduction Presentation of national EE policy

More information

School Consolidation as Viewed by Michigan Public School Superintendents

School Consolidation as Viewed by Michigan Public School Superintendents Western Michigan University ScholarWorks at WMU Dissertations Graduate College 4-1986 School Consolidation as Viewed by Michigan Public School Superintendents Dennis Owen McMahon Western Michigan University

More information

Improving data management in four HIV/AIDS. based data management

Improving data management in four HIV/AIDS. based data management Improving data management in four HIV/AIDS program implementing branches through web based data management Medium term fellows: Moses Mukuru & Sam Mugisha Academicc Mentor: Dr. Solome Nampewo Institutional

More information

CLUTHA DISTRICT COUNCIL WATER AND SANITARY SERVICES BYLAWS PART 1 WATER SUPPLY

CLUTHA DISTRICT COUNCIL WATER AND SANITARY SERVICES BYLAWS PART 1 WATER SUPPLY CLUTHA DISTRICT COUNCIL WATER AND SANITARY SERVICES BYLAWS PART 1 WATER SUPPLY 1 TITLE A Bylaw of the Clutha District Council by way of Special Order pursuant to the provisions of the Local Government

More information

San Francisco Retailers Council and Retail Shoe and Textile Salesmen's Union, AFL-CIO, Local 410 Addendum (1959)

San Francisco Retailers Council and Retail Shoe and Textile Salesmen's Union, AFL-CIO, Local 410 Addendum (1959) Cornell University ILR School DigitalCommons@ILR Retail and Education Collective Bargaining Agreements - U.S. Department of Labor Collective Bargaining Agreements 6-1-1959 San Francisco Retailers Council

More information

PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered October 1, 2017 through December 31, 2017

PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered October 1, 2017 through December 31, 2017 PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered October 1, 2017 through December 31, 2017 The tables below provide information about the difference between the daily market closing price for

More information

PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered January 1, 2018 through March 31, 2018

PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered January 1, 2018 through March 31, 2018 PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered January 1, 2018 through March 31, 2018 The tables below provide information about the difference between the daily market closing price for shares

More information

PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered November 1, 2017 through January 31, 2018

PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered November 1, 2017 through January 31, 2018 PACER EXCHANGE TRADED FUNDS Premium/Discount Period Covered November 1, 2017 through January 31, 2018 The tables below provide information about the difference between the daily market closing price for

More information

JE S S IC A : A n I nno va tive T o o l fo r S us ta ina ble I nves tm ent in U rba n A rea s

JE S S IC A : A n I nno va tive T o o l fo r S us ta ina ble I nves tm ent in U rba n A rea s JE S S IC A : A n I nno va tive T o o l fo r S us ta ina ble I nves tm ent in U rba n A rea s Virgilio Martins DG Regional Policy - Unit D3 Financial Engineering OPEN DAYS 2010 Workshop on JASPERS, JEREMIE,

More information

OFFICIAL COMMISSION MINUTES SEPTEMBER 24th, th DAY OF THE JULY ADJOURN TERM

OFFICIAL COMMISSION MINUTES SEPTEMBER 24th, th DAY OF THE JULY ADJOURN TERM OFFICIAL COMMISSION MINUTES SEPTEMBER 24th, 2018 14th DAY OF THE JULY ADJOURN TERM PRELIMINARY STUDY The County Commission met in the Commission Conference Room at 8:36 a.m. with Mike Scofield (present),

More information

Gateway NACM Credit Conference Presented by: Curtis Litchfield, CCE September 19, 2018

Gateway NACM Credit Conference Presented by: Curtis Litchfield, CCE September 19, 2018 Welcome Gateway NACM Credit Conference Presented by: Curtis Litchfield, CCE September 19, 2018 Financial Statement Analysis Tools and Techniques Common-Size Financial Statements Key Financial Ratios Trend

More information

ETF strategies INVESTOR EDUCATION

ETF strategies INVESTOR EDUCATION ETF strategies INVESTOR EDUCATION Contents Why ETFs? 2 ETF strategies Asset allocation 4 Sub-asset allocation 5 Active/passive combinations 6 Asset location 7 Portfolio completion 8 Cash equitization 9

More information

ANNUAL REPORT 1977/ FEDERAL RESERVE BANK OF RICHMOND. Digitized for FRASER Federal Reserve Bank of St.

ANNUAL REPORT 1977/ FEDERAL RESERVE BANK OF RICHMOND. Digitized for FRASER   Federal Reserve Bank of St. ANNUAL REPORT 1977/ FEDERAL RESERVE BANK OF RICHMOND Digitized for FRASER FE D E R A L R ESER VE B A N K O F RICH M OND Sixty-third Annual Report 1977 C O N T EN T S P E R S P E C T IV E S O N F IF T

More information

Relationship Between Customer Satisfaction and Financial Performance

Relationship Between Customer Satisfaction and Financial Performance Relationship Between Customer Satisfaction and Financial Performance In chapter IV, the overall customer satisfaction was recorded higher in case of PNB (see table 4.7). Similarly, the conclusion from

More information

Discrepancies between Historical Accounting Data and the Theoretical Data Requirements for Economical Order Quantity Application

Discrepancies between Historical Accounting Data and the Theoretical Data Requirements for Economical Order Quantity Application Western Michigan University ScholarWorks at WMU Master's Theses Graduate College 8-1966 Discrepancies between Historical Accounting Data and the Theoretical Data Requirements for Economical Order Quantity

More information

F o r th e y ea r en d in g o n D ec em b er 31,

F o r th e y ea r en d in g o n D ec em b er 31, B A L A N C E S H E E T F o r th e y ea r en d in g o n D ec em b er 31, 20 0 5 In LTL th o u sa n d s, u n less o th erw ise sta ted C o m p a n y A S S E T S N o te N u m. G ro u p 2005 2004 2005 2004

More information

Credit Union Development in Louisiana.

Credit Union Development in Louisiana. Louisiana State University LSU Digital Commons LSU Historical Dissertations and Theses Graduate School 1967 Credit Union Development in Louisiana. Edgar Wallace Wood Louisiana State University and Agricultural

More information

PORTFOLIO ADVISORY SERVICES

PORTFOLIO ADVISORY SERVICES WEALTH SOLUTIONS PORTFOLIO ADVISORY SERVICES SEPARATELY MANAGED ACCOUNTS (SMA) AND MUTUAL FUND PROGRAMS (MFP) Miles Capital offers a suite of investment advisory programs and services designed to help

More information

C HAPTER CASE BULLOCK GOLD MINING

C HAPTER CASE BULLOCK GOLD MINING www.mhhe.com/rwj C HAPTER CASE BULLOCK GOLD MINING eth Bullock, the owner of Bullock Gold Mining, is Sevaluating a new gold mine in South Dakota. Dan Dorlty, the company's geologist, has just finished

More information

Executive Financial Services Group Capabilities

Executive Financial Services Group Capabilities Morgan Stanley Wealth Management Timothy Davis, CFP Senior Vice President Executive Financial Services Group Director Financial Advisor Executive Financial Services Group Capabilities Morgan Stanley Smith

More information

Webster Markets, Inc. and United Food and Commercial Workers, Local 408 (1986)

Webster Markets, Inc. and United Food and Commercial Workers, Local 408 (1986) Cornell University ILR School DigitalCommons@ILR Retail and Education Collective Bargaining Agreements - U.S. Department of Labor Collective Bargaining Agreements 11-23-1986 Webster Markets, Inc. and United

More information

City of Alhambra STUDY AREA PROFILE

City of Alhambra STUDY AREA PROFILE City of Alhambra STUDY AREA PROFILE STUDY AREA ID #82 BASE MAP PARK METRICS HERE ARE PARKS MOST NEEDED AMENITY QUANTITIES AND CONDITIONS PARK NEEDS FRAMEORK COST ESTIMATES Note: This Stuy Area i not hol

More information

NGOs, Transnational Networks and Regional Governance in East Asia

NGOs, Transnational Networks and Regional Governance in East Asia NGOs, Transnational Networks and Regional Governance in East Asia Kim D. Reimann, Georgia State University Catching the Wave Conference UC Berkeley October 6, 2007 WTO Ministerial, Hong Kong, 2005 APEC,

More information

Don t t Scuttle the Ship: Navigating the Regulatory Ocean in Pursuit of Part D Marketing Compliance

Don t t Scuttle the Ship: Navigating the Regulatory Ocean in Pursuit of Part D Marketing Compliance Don t t Scuttle the Ship: Navigating the Regulatory Ocean in Pursuit of Part D Marketing Compliance HCCA s Medicare Prescription Drug Part D Compliance Conference December 10, 2007 Anne W. Hance McDermott

More information

FOR RELEASE: 10:00 A.M. (BRUSSELS TIME), MONDAY, JULY 27, 2009

FOR RELEASE: 10:00 A.M. (BRUSSELS TIME), MONDAY, JULY 27, 2009 FOR RELEASE: 10:00 A.M. (BRUSSELS TIME), MONDAY, JULY 27, 2009 The Conference Board Euro Area Business Cycle Indicators SM THE CONFERENCE BOARD LEADING ECONOMIC INDEX TM (LEI) FOR THE EURO AREA AND RELATED

More information

Orientation on Retirem ent Benefits for State Em ployees

Orientation on Retirem ent Benefits for State Em ployees Orientation on Retirem ent Benefits for State Em ployees Agenda Facts for Part-Tim e/ Tem porary Em ployees Georgia State Employees Pension and Savings (GSEPS) Plan Inform ation Peach State Reserves 40

More information

Re s e a r c h presented at the In n o v a t ive Research on Employer Practices: Im p r o v i ng Employment for People with Disabilities

Re s e a r c h presented at the In n o v a t ive Research on Employer Practices: Im p r o v i ng Employment for People with Disabilities R esea rch Brie f: Total Compensation Gaps are Distinct from Wage Gaps Re s e a r c h presented at the In n o v a t ive Research on Employer Practices: Im p r o v i ng Employment for People with Disabilities

More information

P S A B & S C H O O L B O A R D F I N A N C I A L R E P O R T I N G

P S A B & S C H O O L B O A R D F I N A N C I A L R E P O R T I N G P S A B & S C H O O L B O A R D F I N A N C I A L R E P O R T I N G G E N E R A L G U I D E Ministry of Education P S A B & S C H O O L B O A R D F I N A N C I A L R E P O R T I N G A G E N E R A L G

More information

T h ree yea r S u m m a ry. ofin vestm en t, C o s t. & I n c o m e f o r. Alaska

T h ree yea r S u m m a ry. ofin vestm en t, C o s t. & I n c o m e f o r. Alaska Pa l m e r, A laska May 1960 Un i v e r s i t y of A laska ALASKA AGRICULTURAL EXPERIMENT STATION T h ree yea r S u m m a ry ofin vestm en t, C o s t & I n c o m e f o r D a i r y F a r m s i n Alaska

More information

v r \v»*a sa \ Commodities F E D E R A L R E S E R V E B A N K O F A T L A N T A Y/HOLESAl_EPRICEs \ j Vol. 19 No. 4 A TLAN TA, GA., A P R IL 30, 1934

v r \v»*a sa \ Commodities F E D E R A L R E S E R V E B A N K O F A T L A N T A Y/HOLESAl_EPRICEs \ j Vol. 19 No. 4 A TLAN TA, GA., A P R IL 30, 1934 M O N T H L Y R E V I E W O f F in a n c ia l, A g r ic u ltu r a l, T r a d e a n d I n d u s tr ia l C o n d it io n s in th e S ix th F e d e r a l R e s e r v e D i s t r i c t F E D E R A L R E S

More information

Metropolitan Package Store Association, Inc. and Wine and Liquor Store Employees Union, AFL- CIO, Local 122 (1968)

Metropolitan Package Store Association, Inc. and Wine and Liquor Store Employees Union, AFL- CIO, Local 122 (1968) Cornell University ILR School DigitalCommons@ILR Retail and Education Collective Bargaining Agreements - U.S. Department of Labor Collective Bargaining Agreements 1-1-1968 Metropolitan Package Store Association,

More information

Employee Engagement through Strategic Shift. Yvette White

Employee Engagement through Strategic Shift. Yvette White Employee Engagement through Strategic Shift Yvette White About Microsoft Our Mission Empower every person and every organization on the planet to achieve more Our Strategy Build best-in-class platforms

More information