15.2 Investments. Bilateral investment position (USD bn) 2013r 2014r 2015r 2016r 2017p

Size: px
Start display at page:

Download "15.2 Investments. Bilateral investment position (USD bn) 2013r 2014r 2015r 2016r 2017p"

Transcription

1 Bilateral investment position (USD bn) 213r 214r 2r 216r 217p Total Swiss direct investment in the U.S Total U.S. direct investment in r = revised, p = preliminary Bilateral Investment Position USD bn r 214r 2r 216r 217p Total Swiss direct Investments in the USA Total U.S. direct Investments in Source: U.S. Department of Commerce, Bureau of Economic Analysis 61

2 Foreign direct investment in the United States Foreign direct investment position in the USA by country as % of total USD 3.34 bn, historical-cost basis % of total end 2 - revised 2 Foreign direct investment position in the USA by country as % of total USD 3.72 bn, historical-cost basis % of total end revised Japan Luxembourg Germany Japan Luxembourg Germany Source: U.S. Department of Commerce, Bureau of Economic Analysis; revised data for 217 not yet available Swiss direct investment position in the U.S. by industry Book value at year-end (USD bn, historical-cost basis) 212r 213r 214r 2r 216p Chemicals 21.7 s Machinery s Other Manufacturing Insurance and Finance (excl. depository institutions) Trade Information Other Total s = Supressed to avoid disclosure of data of individual companies Source: U.S. Department of Commerce, Bureau of Economic Analysis; revised data for 217 not yet available Figures might not add up due to rounding 62

3 Foreign direct investment position in the U.S. by industry as % of total USD 3.72 bn, historical-cost basis % of total end revised 4 Swiss direct investment position in the U.S. by industry as % of total USD 31,8 bn, historical-cost basis % of total end revised Other Industries Manufacturing Chemicals Insurance & Finance Trade Information Machinery Manufacturing Insurance & Finance Chemicals Other Industries Trade Information Source: U.S. Department of Commerce, Bureau of Economic Analysis; revised data for 217 not yet available 63

4 Largest Swiss Companies in the USA June 218, by number of employees (1.) Nestlé 62, (3.) ABB 33, 3. (4.) F. Hoffmann-La Roche* 24, 4. (2.) Novartis 22,927. (.) UBS 2,7 6. (6.) gategroup 1,6 7. (7.) Siemens 1, 8. (8.) Zurich Insurance 8,4 9. (9.) Credit Suisse* 7,7 1. (1.) Schenker Schweiz 7, 11. (14.) SGS 6, 12. (11.) Dufry 6, (12.) Adecco,9 14. (13.) Schindler,86. (.) Lindt & Sprüngli 4, (16.) Kuehne + Nagel 4, (17.) LafargeHolcim 4, (na) dormakaba 3, (18.) Syngenta 3,69 2. (19.) Swiss Reinsurance 2,64 *estimated by the Swiss-American Chamber of Commerce Source: Swiss-American Chamber of Commerce Swiss income from direct investment in the U.S. (USD m) 2r 4,462 26r 2,862 27r,9 28r 22,871 29r 14,9 21r 11, r 16,49 212r, r 14, r 2,7 2r 18, r 17,72 217p 16,422 Source: U.S. Dept. of Commerce Employment of non-bank U.S. affiliates by industry as % of total 6,82,7 employees % of total end 2 - preliminary Employment of non-bank U.S. affiliates by country as % of total 6,82,7 employees % of total end 2 - preliminary Other Manufacturing Wholesale Trade Retail Trade Insurance & Finance Chemicals Information Machinery Japan Germany France Source: U.S. Department of Commerce, Bureau of Economic Analyses; revised data for 216 and 217 not yet available 64

5 Rate of return on foreign direct investments in the U.S. 212r 213r 214r 2r 216p 7.9% 6.% 8.2% 7.4%.7% 8.9% 1.2% 8.%.%.% Germany 8.% 6.% 7.% 4.6%.2% France 6.6% 6.%.3% 6.8% 4.7%.6% 7.%.% 4.9% 4.4% Japan.3% 4.9%.4% 4.6% 4.% United Kingdom 6.%.9%.7% 1.8% 3.% All Countries 6.2% 6.2% 6.% 4.% 4.3% Source: U.S. Department of Commerce; revised data for 217 not yet available 6

6 Swiss income from direct investment in the U.S. by industry (USDm) 213r 214r 2r 216p % change 16p/r Manufacturing 1,186 1,29 8,6 9,8 14.% of which: Chemicals s 4,72,9,63 1.1% Machinery % Electrical equipment, appliances and components s s s s Insurance and Finance (excl. depository institutions) 1,186 3,12 3,791 2, % Trade 986 s s s of which: Wholesale Trade 486 s 1,761 2, Retail Trade s s s Information s s s s Other 1,911 s s s Total 14,269 2,7 18,487 17,72-4.% s=data suppressed to avoid disclosure of data of individual companies Source: U.S. Department of Commerce; revised data for 217 not yet available Total employment by Majority-Owned U.S. affiliates of Swiss companies in the United States 214r 2p No. of Persons % of CH jobs No. of Persons % of CH jobs Total employment 46, 1.% 468,2 1.% Northeast: 99,6 21.6% 99, 21.1% of which New York 38,6 8.4% 38,8 8.3% of which New Jersey 32,9 7.1% 28,8 6.2% Southeast: 96, 2.8% 94,8 2.2% of which Florida 2, 4.% 19,8 4.2% Far West: 79,8 17.3% 83,9 17.9% of which California 68,3 14.8% 7,1.% Great Lakes: 67,4 14.6% 71,.2% of which Illinois 2, 4.% 22,1 4.7% of which Ohio 18,2 4.% 19,4 4.1% Southwest: 46,2 1.% 48, 1.3% of which Texas 34,2 7.4% 3,1 7.% New England: 28,1 6.1% 28,4 6.1% Plains: 27,3.9% 27,9 6.% Other and undisclosed 12, 2.7% 11,7 2.% Source: U.S. Department of Commerce; revised data for 216 and 217 not yet available Figures may not add up due to rounding 66

7 U.S. direct investment abroad U.S. Direct investment position by country as % of total USD,49 bn % of total end 2 - revised 2 U.S. Direct investment position by country as % of total USD,332 bn % of total end revised Luxembourg Ireland Singapore Australia Luxembourg Ireland Singapore Australia Source: U.S. Department of Commerce, revised data for 217 not yet available US direct investment position in, by industry Book value at year end (USD bn, historical-cost basis) 213r 214r 2r 216p Manufacturing Insurance and Finance (excl. depository institutions) Wholesale Trade Other Total Source: U.S. Department of Commerce, revised data for 217 not yet available 67

8 Rate of return on U.S. investment abroad 212r 213r 214r 2r 216p.2% 18.3%.6% 16.2%.1% Ireland 18.3% 16.%.8%.6% 13.2% Japan 7.7% 7.9% 8.2% 9.3% 9.7% Netherland 11.6% 1.6% 9.4% 7.9% 7.7% United Kingdom 6.1% 6.%.6% 6.4% 6.3% Luxembourg 7.1% 8.1% 7.2% 6.%.4% 8.8% 8.% 8.6%.4%.1% Germany 2.7% 1.6% 2.3% 3.9% 4.1% Australia 9.% 7.1%.3% 4.1% 4.% France 2.9% 4.%.2% 2.4% 3.6% All Countries 9.9% 9.8% 9.1% 8.1% 7.7% Source: U.S. Department of Commerce, revised data for 217 not yet available Largest U.S. Companies in (June 218, by number of employees) (1.) McDonald s 7, 2. (2.) Johnson & Johnson 6,19 3. (3.) IBM 3,2 4. (4.) Philip Morris 3,. (.) Procter & Gamble 2,8 6. (6.) Google 2,2 7. (9.) Deloitte 1,8 8. (7.) Mettler-Toledo 1,67 9. (8.) Liberty Global 1, 1. (12.) CSL Behring 1,3 11. (11.) J.P. Morgan Chase & Co. 1, (12.) Zimmer 1, 12. (12.) Hewlett Packard Enterprise 1, 14. (1.) Metronic 9. (.) Cognizant (18.) VF Corporation (16.) Honeywell (17.) Mondelez (18.) The Hamilton Company 8 2. (2.) Cargill (21.) Celgene 7 Source: Swiss-American Chamber of Commerce 68

16.2 Investments. Bilateral investment position (USD bn) 2007r 2008r 2009r 2010r 2011p

16.2 Investments. Bilateral investment position (USD bn) 2007r 2008r 2009r 2010r 2011p Bilateral investment position (USD bn) 27r 28r 29r 21r 211p Total Swiss direct investment in the U.S. 149.7 7.1 14.7 192.2 221.4 Total U.S. direct investment in 94.7 133.2 149.8 143.6 161.3 r = revised,

More information

Foreign Direct Investment in the United States. Organization for International Investment

Foreign Direct Investment in the United States. Organization for International Investment Foreign Direct Investment in the United States Organization for International Investment March 16, 2011 FOREIGN DIRECT INVESTMENT IN THE UNITED STATES Key Findings Foreign Direct Investment in the United

More information

Switzerland- USA: Sunny or Sandy? Boston, November 29,

Switzerland- USA: Sunny or Sandy? Boston, November 29, Switzerland- USA: Sunny or Sandy? Boston, November 29, 2012 www.amcham.ch November 2012 2 USA - Switzerland November 2012 3 The Mouse and the Elefant November 2012 4 240:1 November 2012 5 40:1 November

More information

Portfolio and Performance Review The Swiss Helvetia Fund, Inc.

Portfolio and Performance Review The Swiss Helvetia Fund, Inc. Portfolio and Performance Review The Swiss Helvetia Fund, Inc. Stefan Frischknecht, Fund Manager June 27, 2017 Agenda 01 Performance 02 Portfolio positioning 03 Outlook 04 05 Conclusion Is a Swiss only

More information

The 100 Largest U.S Corporations, 2010

The 100 Largest U.S Corporations, 2010 The 100 Largest U.S s, 2010 ('10) ('10) 3M 97 $26,662,000,000 $39,086,960 72 10 11 2 Bermuda 1 Luxembourg 3 Singapore 4 Switzerland 2 Abbott Laboratories 69 $35,166,700,000 $73,593,104 289 121 71 35 Bahamas

More information

BlackRock Asset Management Deutschland AG Semi-annual report as at 31 October 2016 for the investment fund

BlackRock Asset Management Deutschland AG Semi-annual report as at 31 October 2016 for the investment fund BlackRock Asset Management Deutschland AG Semi-annual report as at 31 October 2016 for the investment fund ishares SLI UCITS ETF (DE) Contents Notice and note on licences Additional information for investors

More information

Working in Switzerland

Working in Switzerland Bringing people and business together www.huxley.com Working in Switzerland A Huxley Associates guide Contents Our guides... 2 Introduction... 2 About Switzerland... 3 Why Switzerland?... 3 Entry of international

More information

Foreign Direct Investment in the United States: An Economic Analysis

Foreign Direct Investment in the United States: An Economic Analysis Foreign Direct Investment in the United States: An Economic Analysis James K. Jackson Specialist in International Trade and Finance November 5, 2009 Congressional Research Service CRS Report for Congress

More information

ECONOMIC STRUCTURE. 2.1 Gross Domestic Product and Industry Structure International Integration Key Industry Clusters...

ECONOMIC STRUCTURE. 2.1 Gross Domestic Product and Industry Structure International Integration Key Industry Clusters... ECONOMIC STRUCTURE 2.1 Gross Domestic Product and Industry Structure... 33 2.2 International Integration... 36 2.3 Key Industry Clusters... 38 2 Image Ypsomed AG, Solothurn One of the most liberal and

More information

Foreign Direct Investment in the United States: An Economic Analysis

Foreign Direct Investment in the United States: An Economic Analysis Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 12-11-2013 Foreign Direct Investment in the United States: An Economic Analysis James K. Jackson Congressional

More information

($-million) Corporation

($-million) Corporation CTJ Citizens for Tax Justice March 11, 2013 For media requests, contact: Anne Singer (202) 299-1066 x 27 Apple, Microsoft and Eight Other Corporations Each Increased Their Offshore Profit Holdings by $5

More information

Foreign Direct Investment in the United States. Organization for International Investment

Foreign Direct Investment in the United States. Organization for International Investment Foreign Direct Investment in the United States Organization for International Investment March 14, 2012 FOREIGN DIRECT INVESTMENT IN THE UNITED STATES Key Findings Foreign Direct Investment in the United

More information

M&C Funds. Unaudited Interim Financial Statements For the six months ended 30 June 2017

M&C Funds. Unaudited Interim Financial Statements For the six months ended 30 June 2017 M&C Funds Unaudited Interim Financial Statements For the six months ended 30 June 2017 Table of Contents General Information....3 Fund Background....6 Unaudited Statement of Operations......7 Unaudited

More information

Back-test showing the power of Price to Free Cash Flow in the Investment Process

Back-test showing the power of Price to Free Cash Flow in the Investment Process Back-test showing the power of Price to Free Cash Flow in the Investment Process 1950-2009 By Peter George Psaras Mycroft Research LLC. The following is a backtest that will be used as a proof on just

More information

Understanding Financial Interconnectedness

Understanding Financial Interconnectedness Understanding Financial Interconnectedness Key Messages Utility Bilateral surveillance Multilateral surveillance Macro-prudential policies Swap Lines England ECB Switzerland United States JAPAN Swap Lines

More information

Foreign Direct Investment in the United States 2013 Preliminary Data. Organization for International Investment (OFII)

Foreign Direct Investment in the United States 2013 Preliminary Data. Organization for International Investment (OFII) Foreign Direct Investment in the United States 2013 Preliminary Data Organization for International Investment (OFII) Key Findings: Foreign Direct Investment in the United States, 2003-2013 1 Foreign direct

More information

SIM GLOBAL EQUITY INCOME FUND

SIM GLOBAL EQUITY INCOME FUND SIM GLOBAL EQUITY INCOME FUND DOUW STEENEKAMP The appointed investment manager of the SIM Global Equity Income Fund is Denker Capital, a division of Sanlam Investment Management (Pty) Ltd, an authorised

More information

Burning the candle at both ends

Burning the candle at both ends Burning the candle at both ends Date: June 2009 Produced by: John M. Feigl, CFA Head June 2009 Slide 1 Agenda 1. 2. 3. 4. 5. 2008, a year full of surprises Key issues reshaping the starboards Watch the

More information

BIS International Locational Banking Statistics and International Consolidated Banking Statistics in Japan (end-june 2018)

BIS International Locational Banking Statistics and International Consolidated Banking Statistics in Japan (end-june 2018) FOR RELEASE 8:5 A.M. September 14, 218 BIS International Locational Banking Statistics and International Consolidated Banking Statistics in Japan (end-june 218) I. BIS International Locational Banking

More information

Portfolio and Performance Review The Swiss Helvetia Fund, Inc.

Portfolio and Performance Review The Swiss Helvetia Fund, Inc. Portfolio and Performance Review The Swiss Helvetia Fund, Inc. Stefan Frischknecht, Fund Manager June 19, 2018 Agenda 01 02 Performance Portfolio positioning 03 Outlook 04 Conclusion 05 Case for Swiss

More information

Household Financial Wealth By Selected Country

Household Financial Wealth By Selected Country Household Financial Wealth By Selected Country US$ Trillions 60 50-37% Indicates Projected Shortfall 40 30 20 Extrapolation of Historical Growth 2003-24 Projection (Based on Demographic Trends) -47% -34%

More information

Nutcracker Effect : The Fiscal Outlook For States

Nutcracker Effect : The Fiscal Outlook For States The Nelson A. Rockefeller Institute of Government Nutcracker Effect : The Fiscal Outlook For States National Education Writers Association 61 st National Seminar Robert B. Ward April 26, 2008 Overview

More information

JPMorgan International Value Fund Schedule of Portfolio Investments as of January 31, 2018 (Unaudited)

JPMorgan International Value Fund Schedule of Portfolio Investments as of January 31, 2018 (Unaudited) Schedule of Portfolio Investments as of January 31, 2018 (Unaudited) THE UNAUDITED CERTIFIED MUTUAL FUNDS HOLDINGS LIST ( the List ) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED

More information

Forum 2009 for Swiss Foreign Trade and Investment April 2/3, 2009

Forum 2009 for Swiss Foreign Trade and Investment April 2/3, 2009 Forum 2009 for Swiss Foreign Trade and Investment April 2/3, 2009 Switzerland-USA: The Mouse and the Elefant? Martin Naville CEO Swiss-American Chamber of Commerce Welcome and thank you! 1 A few important

More information

sterling assets 6 british investment creating u.s. jobs

sterling assets 6 british investment creating u.s. jobs sterling assets 6 british investment creating u.s. jobs Contents Foreword 4 Executive summary 5 US overview 9 United States profile 13 State overview 14 Top states 15 4 Sterling assets 6: British investment

More information

FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA

FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA FOREIGN DIRECT INVESTMENT IN SOUTHERN CALIFORNIA FOREIGN DIRECT INVESTMENT S. Flower Street, 7th Floor, CA 97 www.laedc.org June The LAEDC Kyser Center

More information

Investor Presentation 2005 Basler Kantonalbank

Investor Presentation 2005 Basler Kantonalbank Investor Presentation 2005 Basler Kantonalbank Agenda Key figures for the BKB Group Half-yearly results for the BKB Group Vision / aims & lines of attack for the BKB Group Price performance 25.04.2006

More information

German Business Matters

German Business Matters German Business Matters A U.S. and State-by-State Analysis Second Edition Representative of GERMAN Industry + Trade CONGRESSIONAL RECOGNITION OF THE ECONOMIC IMPORTANCE OF GERMAN COMPANIES IN THE UNITED

More information

NASDAQ Global Index. More information about the Index can be found at

NASDAQ Global Index. More information about the Index can be found at NASDAQ Global Index The NASDAQ Global Index is a float adjusted market capitalization-weighted index designed to track the performance of global equities covering over 98% of the entire listed market capitalization

More information

Swiss Global Finance. Facts and Figures

Swiss Global Finance. Facts and Figures Swiss Global Finance Facts and Figures Latin America Bilateral Economic Relations Switzerland s Main Trading Partners in Latin America Share of Total Goods Exports (in % of total Swiss exports to Latin

More information

Global Top 100 Companies by market capitalisation

Global Top 100 Companies by market capitalisation www.pwc.co.uk Companies by market capitalisation 31 March 2016 update An IPO Centre publication Contents Section 1 Highlights and trends 3 Section 2 Year-on-year comparison: 2016 vs. 2015 12 Section 3

More information

Foreign Direct Investment in the United States: An Economic Analysis

Foreign Direct Investment in the United States: An Economic Analysis Foreign Direct Investment in the United States: An Economic Analysis James K. Jackson Specialist in International Trade and Finance February 1, 2011 Congressional Research Service CRS Report for Congress

More information

The United States High Tax Burden on Personal Dividend Income By Kyle Pomerleau

The United States High Tax Burden on Personal Dividend Income By Kyle Pomerleau FISCAL FACT Mar. 2014 No. 416 The United States High Tax Burden on Personal Dividend Income By Kyle Pomerleau Economist Key Findings The combined federal and state top marginal personal dividend tax rate

More information

Corporate and Place Reputation

Corporate and Place Reputation Corporate and Place Reputation ITB Berlin Convention, March 8th 2013 Shahar Silbershatz, Director ssilbershatz@reputationinstitute.com Who we are Knowledge Center Advice Group Publications Conferences

More information

CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE

CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE FORM 2 CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE Notice pursuant to s. 324 of Part XV of the Securities and Futures Ordinance (Cap. 571) Form for use by a corporation giving notice of : (i) First acquiring

More information

ECONOMIC STRUCTURE. 2.1 Gross Domestic Product and Industry Structure International Integration Key Industry Clusters...

ECONOMIC STRUCTURE. 2.1 Gross Domestic Product and Industry Structure International Integration Key Industry Clusters... ECONOMIC STRUCTURE 2 2.1 Gross Domestic Product and Industry Structure... 33 2.2 International Integration... 36 2.3 Key Industry Clusters... 38 Image Mikron SA, Agno One of the most liberal and competitive

More information

BRINKER CAPITAL DESTINATIONS TRUST

BRINKER CAPITAL DESTINATIONS TRUST Important 2018 Tax Information Regarding Your Mutual s BRINKER CAPITAL DESTINATIONS TRUST The following tax information is furnished for informational purposes only. Please consult your tax advisor for

More information

2018 SEMI-ANNUAL REPORT (UNAUDITED)

2018 SEMI-ANNUAL REPORT (UNAUDITED) FEBRUARY 28, 2018 2018 SEMI-ANNUAL REPORT (UNAUDITED) ishares Trust ishares Adaptive Currency Hedged MSCI Eurozone ETF DEZU Cboe BZX ishares Currency Hedged MSCI Eurozone ETF HEZU NYSE Arca ishares Currency

More information

Financial highlights Profit and loss statement

Financial highlights Profit and loss statement Third Quarter 2007 Financial highlights Profit and loss statement Figures in NOK million 3Q 2007 3Q 2006 YTD 2007 YTD 2006 Revenues 861 1068 2542 2911 Collection Technology, Deposit Solutions 426 645 1228

More information

CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE

CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE FORM 2 CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE Notice pursuant to s. 324 of Part XV of the Securities and Futures Ordinance (Cap. 571) Form for use by a corporation giving notice of : (i) First acquiring

More information

Rathbone Heritage Fund

Rathbone Heritage Fund Rathbone Unit Trust Management Contact us 020 7399 0399 rutm@rathbones.com Q4 investment update, 31 December 2018 Performance 3 months 6 months 1 year 3 years 5 years Since Launch -11.10% -10.49% -9.72%

More information

CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE

CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE FORM 2 CORPORATE SUBSTANTIAL SHAREHOLDER NOTICE Notice pursuant to s. 324 of Part XV of the Securities and Futures Ordinance (Cap. 571) Form for use by a corporation giving notice of : (i) First acquiring

More information

BBH PARTNER FUND INTERNATIONAL EQUITY

BBH PARTNER FUND INTERNATIONAL EQUITY PORTFOLIO OF INVESTMENTS Shares/ Units COMMON STOCK (85.3%) BERMUDA (0.5%) 156,882 IHS Markit, Ltd. 1... $ 8,319,452 Total Bermuda... 8,319,452 BRAZIL (1.9%) 5,690,829 Ambev SA... 29,490,727 Total Brazil...

More information

total of % of voting rights both in % total number of voting through instruments (total of 7.b b.2)

total of % of voting rights both in % total number of voting through instruments (total of 7.b b.2) Notification of Major Holdings 1. Details of issuer Deutsche Börse AG - 60485 Frankfurt / Main Germany 2. Reason for notification X Acquisition/disposal of shares with voting rights Acquisition/disposal

More information

Hong Kong s Experience

Hong Kong s Experience Cross Border Issues IMF Conference on Operationalizing Systemic Risk Monitoring Washington, D. C. 26 May 21 Hong Kong s Experience Dong He Executive Director (Research) Hong Kong Monetary Authority 1 Outline

More information

Invesco Dividend Income Fund Quarterly Schedule of Portfolio Holdings July 31, 2018

Invesco Dividend Income Fund Quarterly Schedule of Portfolio Holdings July 31, 2018 Quarterly Schedule of Portfolio Holdings July 31, 2018 invesco.com/us I-DIVI-QTR-1 09/18 Invesco Advisers, Inc. Schedule of Investments (a) July 31, 2018 (Unaudited) Common Stocks & Other Equity Interests

More information

Table 1: Foreign exchange turnover: Summary of surveys Billions of U.S. dollars. Number of business days

Table 1: Foreign exchange turnover: Summary of surveys Billions of U.S. dollars. Number of business days Table 1: Foreign exchange turnover: Summary of surveys Billions of U.S. dollars Total turnover Number of business days Average daily turnover change 1983 103.2 20 5.2 1986 191.2 20 9.6 84.6 1989 299.9

More information

Please also refer to the attached Investment Manager s July 2008 Monthly Portfolio Report.

Please also refer to the attached Investment Manager s July 2008 Monthly Portfolio Report. Thursday, 14 August 2008 MARKET ANNOUNCEMENT NTA Backing and Portfolio Details as at 31 July 2008 Change Current Month Previous Month NTA Backing for Month Ending: % 31 July 2008 30 June 2008 Pre-Tax NTA

More information

COMMERCE. NEWS Washington, D.C Press Copy. Highlights from A Profile of U.S. Exporting Companies, United States Department of

COMMERCE. NEWS Washington, D.C Press Copy. Highlights from A Profile of U.S. Exporting Companies, United States Department of United States Department of COMMERCE ECONOMICS AND STATISTICS ADMINISTRATION ------------ NEWS Washington, D.C. 20230 U.S. Census Bureau IMPORTANT: For release 8:30 a.m. Thursday, February 20, 2003 CB-03-30

More information

European Equities Outdated Model or Innovation Center? Joachim Schallmayer, Senior Portfolio Manager

European Equities Outdated Model or Innovation Center? Joachim Schallmayer, Senior Portfolio Manager European Equities Outdated Model or Innovation Center? Joachim Schallmayer, Senior Portfolio Manager Agenda 1 2 3 4 Sovereign backdrop Corporate backdrop World Market Leaders Valuation backdrop 2 Agenda

More information

American Chamber of Commerce to the European Union (AmCham EU)

American Chamber of Commerce to the European Union (AmCham EU) EXECUTIVE SUMMARY CENTER FOR TRANSATLANTIC RELATIONS JOHNS HOPKINS UNIVERSITY PAUL H. NITZE SCHOOL OF ADVANCED INTERNATIONAL STUDIES DANIEL S. HAMILTON AND JOSEPH P. QUINLAN THE TRANSATLANTIC ECONOMY 2016

More information

Investor Presentation

Investor Presentation Investor Presentation Disclosures INVESTMENTS ARE NOT FDIC INSURED INVESTMENTS DO NOT HAVE BANK GUARANTEE INVESTMENTS MAY LOSE VALUE INCLUDING PRINCIPAL Securities offered in the Innovation Index Fund,

More information

Foreign Direct Investment in the United States: An Economic Analysis

Foreign Direct Investment in the United States: An Economic Analysis Foreign Direct Investment in the United States: An Economic Analysis James K. Jackson Specialist in International Trade and Finance June 29, 2017 Congressional Research Service 7-5700 www.crs.gov RS21857

More information

Business Investment in the United States

Business Investment in the United States Business Investment in the United States Presenter s Name Presenter s Title Event Name Andrea Rosa Commercial Specialist Referente per SelectUSA in Italia Roadshow/Italy Date October 22-26, 2012 The U.S.

More information

How North Carolina's Economy Benefits from International Trade & Investment

How North Carolina's Economy Benefits from International Trade & Investment How North Carolina's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States,

More information

TRANSATLANTIC ECONOMY 2018 THE EXECUTIVE SUMMARY. Annual Survey of Jobs, Trade and Investment between the United States and Europe

TRANSATLANTIC ECONOMY 2018 THE EXECUTIVE SUMMARY. Annual Survey of Jobs, Trade and Investment between the United States and Europe THE TRANSATLANTIC ECONOMY 2018 EXECUTIVE SUMMARY Annual Survey of Jobs, Trade and Investment between the United States and Europe Daniel S. Hamilton and Joseph P. Quinlan The world s largest and most important

More information

Wilmington, DE, USA United States of America (USA)

Wilmington, DE, USA United States of America (USA) Notification of Major Holdings 1. Details of issuer TUI AG Karl-Wiechert-Allee 4 30625 Hannover Germany 2. Reason for notification X Acquisition/disposal of shares with voting rights Acquisition/disposal

More information

% of voting rights through instruments (total of 7.b b.2) total of both in % (7.a. + 7.b.) 5.01 % 0.21 % 5.21 %

% of voting rights through instruments (total of 7.b b.2) total of both in % (7.a. + 7.b.) 5.01 % 0.21 % 5.21 % Notification of Major Holdings 1. Details of issuer TUI AG Karl-Wiechert-Allee 4 30625 Hannover Germany 2. Reason for notification X Acquisition/disposal of shares with voting rights Acquisition/disposal

More information

Wilmington, DE, USA United States of America (USA)

Wilmington, DE, USA United States of America (USA) Notification of Major Holdings 1. Details of issuer TUI AG Karl-Wiechert-Allee 4 30625 Hannover Germany 2. Reason for notification X Acquisition/disposal of shares with voting rights Acquisition/disposal

More information

Korea and Australia in a globalised world

Korea and Australia in a globalised world Korea and Australia in a globalised world November 7 Amy Auster Head of International Economics Economics@ANZ Globalisation is the structural change of our time 7,, 5,, 3,, 1, Global merchandise trade

More information

Q3 Individual Equity Holdings in the Advisor Perspectives Universe

Q3 Individual Equity Holdings in the Advisor Perspectives Universe Q3 Individual Equity Holdings in the Advisor Perspectives Universe This study analyzes the holdings of individual equities within the Advisor Perspectives (AP) Universe, as of the end of Q3 2007. A previous

More information

TRADE AND INVESTMENT SWITZERLAND. Caroline Blaser Deputy Head of Swiss Business Hub USA September 2016

TRADE AND INVESTMENT SWITZERLAND. Caroline Blaser Deputy Head of Swiss Business Hub USA September 2016 TRADE AND INVESTMENT SWITZERLAND Caroline Blaser Deputy Head of Swiss Business Hub USA September 2016 Switzerland Some Key Considerations ~16,000 Square Miles area of Switzerland (roughly the size of Massachusetts

More information

2018 UX Salary Survey

2018 UX Salary Survey 2018 UX Salary Survey August 2018 Research Methodology STUDY DESIGN Online survey (15 minutes) SAMPLE SIZE 1,326 UX Professionals Initial respondents were recruited through postings on professional networks

More information

CRS Report for Congress

CRS Report for Congress CRS Report for Congress Received through the CRS Web Order Code RS21118 Updated April 26, 2006 U.S. Direct Investment Abroad: Trends and Current Issues Summary James K. Jackson Specialist in International

More information

How Mississippi's Economy Benefits from International Trade & Investment

How Mississippi's Economy Benefits from International Trade & Investment How Mississippi's Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future

More information

TRANSATLANTIC ECONOMY 2019 THE EXECUTIVE SUMMARY. Annual Survey of Jobs, Trade and Investment between the United States and Europe

TRANSATLANTIC ECONOMY 2019 THE EXECUTIVE SUMMARY. Annual Survey of Jobs, Trade and Investment between the United States and Europe THE TRANSATLANTIC ECONOMY 2019 EXECUTIVE SUMMARY Annual Survey of Jobs, Trade and Investment between the United States and Europe Daniel S. Hamilton and Joseph P. Quinlan 2 The world s largest and most

More information

IETSupplement. Cross-CountryComparison. May 2010

IETSupplement. Cross-CountryComparison. May 2010 IETSupplement Cross-CountryComparison May 21 Contents Page 2 Output and Growth 6 Productivity 14 Labor Markets 2 Measures of Inflation 24 Government Finance 3 International Accounts 36 Foreign Exchange

More information

Release according to Article 40, Section 1 of the WpHG (German Securities Trading Act)

Release according to Article 40, Section 1 of the WpHG (German Securities Trading Act) Release according to Article 40, Section 1 of the WpHG (German Securities Trading Act) HUGO BOSS AG received the following notification on December 14, 2018: 1. Details of issuer: HUGO BOSS AG, Dieselstr.

More information

HSBC Global Investment Funds - Economic Scale Global Equity

HSBC Global Investment Funds - Economic Scale Global Equity HSBC Global Investment Funds - Economic Scale Global Equity SG Share Class 31 May 2018 31/05/2018 Fund Objective and Strategy Investment Objective The Fund aims to provide long-term total return (meaning

More information

U.S. States Lead the World in High Corporate Taxes

U.S. States Lead the World in High Corporate Taxes U.S. States Lead the World in High Corporate Taxes Fiscal Fact No. 119 by Scott A. Hodge March 18, 2008 America's political leadership is finally waking up to the fact that the tax rates businesses face

More information

Facts and Figures 2005

Facts and Figures 2005 Schweizerischer Versicherungsverband Association Suisse d Assurances Associazione Svizzera d Assicurazioni The is the umbrella organization for the private insurance industry. Our organisation is comprised

More information

JPMorgan International Equity Income Fund Schedule of Portfolio Investments as of January 31, 2018 (Unaudited)

JPMorgan International Equity Income Fund Schedule of Portfolio Investments as of January 31, 2018 (Unaudited) Schedule of Portfolio Investments as of January 31, 2018 (Unaudited) THE UNAUDITED CERTIFIED MUTUAL FUNDS HOLDINGS LIST ( the List ) IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS NOT TO BE REPRODUCED

More information

Port Name Date Security Name Coupon Maturity Quantity Market Value Base PF Multi-Asset Fund - PAM 04/30/2018 UNITED STATES TREASURY NOTE/BOND 3.

Port Name Date Security Name Coupon Maturity Quantity Market Value Base PF Multi-Asset Fund - PAM 04/30/2018 UNITED STATES TREASURY NOTE/BOND 3. Port Name Date Security Name Coupon Maturity Quantity Market Value Base PF Multi-Asset Fund - PAM 04/30/2018 UNITED STATES TREASURY NOTE/BOND 3.13 05/15/2019 70,000,000.00 70,581,054.60 PF Multi-Asset

More information

Swiss Performance Index (SPI ) Family

Swiss Performance Index (SPI ) Family Swiss Performance Index () Family The Family: and SPI EXTRA The SPI Family comprises various indices compiled and published by the SIX Swiss Exchange. The underlying share universe includes approximately

More information

Doing Business in the USA: Easy or Deadly?

Doing Business in the USA: Easy or Deadly? Doing Business in the USA: Easy or Deadly? Introduction to US Business University of Zurich Zurich, May 18, 2016 www.amcham.chapril Six topics The first floor is not the first floor! US Business: World

More information

Syncora Guarantee Inc. Syncora Capital Assurance Inc. 1st QUARTER 2013 OPERATING SUPPLEMENT

Syncora Guarantee Inc. Syncora Capital Assurance Inc. 1st QUARTER 2013 OPERATING SUPPLEMENT 1st QUARTER 2013 OPERATING SUPPLEMENT Index Page Number Certain Definitions 2 Syncora Legal Entity Structure 3 Assets, Liabilities, Surplus/(Deficit) and Other Funds 4 Statement of Income 5 Claims Paying

More information

Important 2007 Tax Information

Important 2007 Tax Information Important 2007 Information For First American s Shareholders In order to assist you with your 2007 income tax preparation, we have compiled this important tax information pertaining to First American s.

More information

GLOBAL EQUITY INCOME UNIT TRUST

GLOBAL EQUITY INCOME UNIT TRUST GLOBAL EQUITY INCOME UNIT TRUST FOR THE PERIOD ENDING 30 SEPTEMBER 2016 Manager St. James's Place Unit Trust Group Limited PO Box 9034, Chelmsford, CM99 2XA United Kingdom Freephone: 0800 027 1031 (Authorised

More information

Novartis at a glance [1]

Novartis at a glance [1] Published on Novartis (https://www.novartis.com) Home > Printer-friendly PDF > Novartis at a glance Novartis at a glance [1] CEO Vasant (Vas) Narasimhan, M.D. Headquarters Basel, Switzerland Major R&D

More information

The OECD s Evolving Role in Shaping International Tax Policy

The OECD s Evolving Role in Shaping International Tax Policy Sponsorship and Exhibitor Packet The OECD s Evolving Role in Shaping International Tax Policy June 1-2, 2009 www.uscibtax.org The Event The OECD s Evolving Role in Shaping International Tax Policy is a

More information

Fund X-Ray December 2014

Fund X-Ray December 2014 Fund X-Ray December 2014 IMPORTANT INFORMATION CONCERNING THE INVESTMENT GOALS, RISKS, CHARGES AND EXPENSES IS CONTAINED IN THE PROSPECTUS, WHICH IS AVAILABLE AT ANY OF OUR GUARDIAN ASSET MANAGEMENT OFFICES,

More information

Syncora Guarantee Inc. Syncora Capital Assurance Inc. 3rd QUARTER 2016 OPERATING SUPPLEMENT

Syncora Guarantee Inc. Syncora Capital Assurance Inc. 3rd QUARTER 2016 OPERATING SUPPLEMENT 3rd QUARTER 2016 OPERATING SUPPLEMENT Index Page Number Certain Definitions 2 Syncora Legal Entity Structure 3 Assets, Liabilities, Surplus and Other Funds 4 Statement of Income 5 Claims Paying Resources

More information

Media release. Helvetia publishes offer prospectus on the takeover of National Suisse

Media release. Helvetia publishes offer prospectus on the takeover of National Suisse NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN Media release St.Gallen/Basel, 8 August 2014 Helvetia publishes

More information

UK Trade in Numbers. February 2019

UK Trade in Numbers. February 2019 UK Trade in Numbers February 2019 Disclaimer The figures used in this pocketbook are the latest at the time of publication. We include figures from monthly and quarterly publications, such as ONS Balance

More information

2017 CHiPS One World Total Compensation Survey Report

2017 CHiPS One World Total Compensation Survey Report 2017 CHiPS One World Total Compensation Survey Report Participating Companies List CHiPS One World Total Compensation Survey 2017 CHiPS One World Participating Companies List Accenture Ltd.* Aerojet-General

More information

Back to Taxachusetts Series: Capital Gains

Back to Taxachusetts Series: Capital Gains P O L I C Y B R I E F Back to Taxachusetts Series: Capital Gains By Gregory Sullivan Proposition 80 is an initiative petition measure, scheduled to appear on the state ballot in November 2018, that would

More information

Many analysts have argued that a housing boom preceded

Many analysts have argued that a housing boom preceded NationalEconomicTrends September The Financial Services Sector: Boom and Recession Many analysts have argued that a housing boom preceded the recent financial crisis and economic slowdown Innovations in

More information

International Statistical Release

International Statistical Release International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Regulated Open-ended Fund Assets and Flows Trends

More information

Annual Report 2016/2017

Annual Report 2016/2017 Asset management UBS Funds Annual Report 2016/2017 Investment Fund under Swiss law with multiple sub-funds (umbrella fund) Audited annual report as of 30 September 2017 VVA Aktien Schweiz VVA Aktien Euro

More information

Overview. Credit Suisse SICAV Credit Suisse (Lux) Russian Equity Fund B RUB 51. Overview

Overview. Credit Suisse SICAV Credit Suisse (Lux) Russian Equity Fund B RUB 51. Overview Fund Factbook Swiss Market Data as at March 2016 Overview Overview Contents 3 Fund Performance 6 Credit Suisse Select Fund Credit Suisse (CH) 130/30 Swiss Equity Fund B CHF 11 Credit Suisse Equity Fund

More information

How is Brexit Going to Affect European Financial Markets?

How is Brexit Going to Affect European Financial Markets? How is Brexit Going to Affect European Financial Markets? Milan Simacek Czech National Bank 27- th Economic Forum Krynica Zdrój, Poland, September 5 7, 2017 1 United Kingdom versus European Union What

More information

J.P. Morgan Structured Products B.V. (incorporated with limited liability in The Netherlands) as Issuer

J.P. Morgan Structured Products B.V. (incorporated with limited liability in The Netherlands) as Issuer SUPPLEMENT No. 3 DATED 27 AUGUST 2014 TO THE OFFERING CIRCULAR DATED 29 APRIL 2014 J.P. Morgan Structured Products B.V. (incorporated with limited liability in The Netherlands) as Issuer J.P. Morgan Indies

More information

Audited Annual Report CS Fund 3

Audited Annual Report CS Fund 3 Audited Annual Report CS Fund 3 Investment Fund under Swiss Law (type: other funds for traditional investments ) May 31, 2018 2 CS Fund 3 Table of contents Management and statutory bodies 3 Unaudited report

More information

How Kansas' Economy Benefits from International Trade & Investment

How Kansas' Economy Benefits from International Trade & Investment How Kansas' Economy Benefits from International Trade & Investment With more than 95 percent of the world s population and 80 percent of the world s purchasing power outside the United States, future economic

More information

The next decade in global wealth among millionaire households

The next decade in global wealth among millionaire households The next decade in global wealth among millionaire households Highlights from a study conducted by the Deloitte Center for Financial Services www.deloitte.com/us/cfs May 2011 Contents Foreword Background

More information

Investor Presentation HY2017. Maître Chocolatier Suisse Depuis 1845

Investor Presentation HY2017. Maître Chocolatier Suisse Depuis 1845 Investor Presentation HY2017 Agenda 1. Performance Highlights HY2017 2. P&L and B/S Details HY2017 3. Outlook 2017 Investors Presentation HY2017 July 25th, 2017 2 Performance Highlights HY2017 P&L Statement

More information

Pictet Strategy Fund. Fonds Commun de Placement Mutual Fund under Luxembourg Law. Unaudited semi-annual report as at December 31, 2016

Pictet Strategy Fund. Fonds Commun de Placement Mutual Fund under Luxembourg Law. Unaudited semi-annual report as at December 31, 2016 www.pictetfunds.com Pictet Strategy Fund Fonds Commun de Placement Mutual Fund under Luxembourg Law Unaudited semi-annual report as at December 31, 2016 R.C.S. Luxembourg K960 Fonds Commun de Placement

More information

Corporate Governance Report

Corporate Governance Report 2.3 Changes in capital The following table summarises the changes in capital that took place within the last three financial years: Unissued shares Ordinary shares issued Conditional capital Authorised

More information

Mackenzie Maximum Diversification Developed Europe Index ETF

Mackenzie Maximum Diversification Developed Europe Index ETF Annual Management Report of Fund Performance For the Year Ended March 31, 2018 This Annual Management Report of Fund Performance contains financial highlights but does not contain the complete annual financial

More information

MONTHLY FINANCE REVIEW

MONTHLY FINANCE REVIEW ISSN 0388-0605 MONTHLY FINANCE REVIEW ch 2018 No. 536 Policy Research Institute MINISTRY OF FINANCE JAPAN MONTHLY FINANCE REVIEW ch. 2018 (No.536) CONTENTS STATISTICS(Released by Ministry of Finance) A.

More information