Morningstar is famous for its “star” ratings, which rate funds on the basis of risk- and load-adjusted returns. Recently, though, the company did a study on how often the rating beat expense ratios as a predictor of returns – and found that more than 50 percent of the time, expense ratios were the better choice.
An expense ratio, briefly, is the percentage of your capital you pay to put your money in a fund. Full Post…
Standard & Poor’s has kept the government on notice that it is still reviewing Britain’s creditworthiness after the Bank of England downgraded its forecasts for the country’s economic growth.
The ratings agency pointed out that its own forecast for growth between 2010 and 2012 was 1.8% – considerably more pessimistic than Threadneedle Street’s prediction of 3%.
Britain has a coveted AAA rating, which George Osborne wants to cling on to because it keeps the country’s interest payments as low as possible.
S&P spelt out that Britain was not out of the woods. “As we have said previously, we will continue to review the rating in light of further information over the coming months about the extent of the expenditure-led fiscal consolidation,” the agency said. S
NEW YORK – Brown University improved its ranking as one of the best colleges in the nation, landing at No. 45 out of 610 schools on Forbes’ America’s Best Colleges 2010 list, an improvement over the school’s 2009 No. 72 ranking.
Other Ocean State post-secondary schools included by Forbes were Providence College (No. 199), the University of Rhode Island (No. 477), Bryant University (No. 503), Roger Williams University (No. 591) and Rhode Island College (No. 593). In Bristol County, Mass., Wheaton College (No. 244) and Stonehill College (No. 320) also made the list.
Forbes evaluated 610 U.S. colleges and universities, or approximately 9 percent of the roughly 6,600 accredited postsecondary schools, for the 2010 list. The Cen
The market veered sharply lower last night, but Afren was broadly unchanged as traders bought in on hopes of upside gains.
The oil prospector closed at 98.95p, down a slight 0.2p, after Evolution said that, of all the exploration and production stocks under its scanner, Afren appeared to offer the best balance of risks against prospective rewards. The broker said that despite rallying strongly in recent weeks – Afren is up over 20 per cent since the beginning of July – the share price indicates a downside risk of just 3 per cent.
The combination of core and risked net asset values, on the other hand, bears a figure of 276p, indicating a significant upside to current levels. In
It was supposed to have been the day the world changed. The credit crunch “officially” began on 9 August 2007, and there were plenty ready to dance on the grave of capitalism and the free markets. But three years on, for all the hand-wringing, the economic upheaval and the promises of politicians, there is a whiff of business as usual in the air. Full Post…
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