Category: lkcahilx

IPIM’s new ETF fund tracks 15 largest companies on local stock exchange

first_imgNoviono told reporters on Wednesday that there were three to four new ETF products to come this year, further expanding the contribution of ETFs to the company’s assets under management (AUM).“The contribution of our ETF products to the total AUM right now is approximately 75 percent,” Noviono said.With the launch of IPIM’s newest fund, the IDX has seen three new ETF listings this year. Last year, 14 ETFs were listed on the IDX. “We hope that this ETF can diversify investment options, which are needed by today’s investors, who are becoming more diverse,” IDX assessment director I Gede Nyoman Yetna said in his opening remarks on Wednesday.He added that IPIM, as a market leader in the issuance of ETF funds, could act as a reference for other fund managers to offer attractive ETF products that could help grow the ETF market in Indonesia.An ETF is a collection of securities, consisting of stocks or bonds, that tracks an underlying price index in the stock market.Despite being similar to a mutual fund, an ETF differs, in part, because it is traded like an ordinary stock on the stock exchange.ETF share prices fluctuate during the trading day in accordance with the market, while the prices of mutual funds are based on the day’s closing price. (ydp) PT Indo Premier Investment Management (IPIM), a subsidiary of PT Indo Premier Sekuritas, listed another exchange-traded fund (ETF) on the Indonesian Stock Exchange (IDX) on Wednesday.IPIM director Noviono Darmosusilo said in Jakarta that the ETF fund, called the “Reksa Dana Premier ETF MSCI Indonesia Large Cap”, was the third ETF listed on the stock exchange this year and tracked the performance of the MSCI Indonesia Large Cap Index which consisted of the 15 most liquid stocks on the IDX.“From the 600 companies listed today on the IDX, we took the 15 largest companies and most liquid stocks with a capitalization value representing no less than 70 percent of the free-float adjusted market capitalization of the Jakarta Composite Index,” Noviono said following the listing of the company’s ETF on the exchange. “We know there are the IDX 30 [and] LQ45, [which act] as reference indexes to form the core of a portfolio. Well, the MSCI Indonesia Large Cap is the core of the core,” he added.The IDX 30 index measures the performance of the 30 stocks with the largest market capitalization on the IDX and the highest transaction volume, selected from the constituents of the LQ45 index. The LQ45 index tracks the top 60 companies with the highest market capitalization over the last 12 months, among other indicators.Of the 41 ETFs listed on the IDX, 12 belong to IPIM, which means that IPIM’s ETF products make up almost 30 percent of ETF products traded on the IDX.The company, which was one of the first companies to offer such capital market instruments in Indonesia, added its previous ETF product over a year ago when it listed “Reksa Dana Indeks Premier ETF Pefindo i-Grade” on Dec. 21, 2018.center_img Topics :last_img read more

Read More

Germany corp gov code to emphasise investor responsibility

first_imgThe preamble is also being changed to specify that “institutional investors are particularly important for companies”.It says institutional investors should exercise their ownership rights actively and responsibly “in accordance with transparent principles that also respect the concept of sustainability”.“The [commission] has therefore actively contributed to the debate, on a European as well as an international level, according to which institutional investors have particular responsibility in assessing how corporate governance is put into practice,” it said.Manfred Gertz, the outgoing chair of the commission, said the responses to the consultation underlined “the vast interest on questions regarding good corporate governance that exists within German listed companies”.“The focus is on strengthening self-responsible conduct by corporate bodies and committees complimented by a sensible level of transparency, allowing stakeholders to better assess how corporate governance is being put into practice,” he added.The changes to the code itself impose more transparency requirements for companies, with the commission seeing transparency as the basis on which investors can assess good corporate governance.The requirements relate to compliance management, supervisory board composition, periodic reporting to investors, and the role of the chair of the supervisory board in engaging with investors.Unlike in countries such as the UK where non-executive directors do most of the communication with investors, in Germany the law has traditionally been interpreted to mean that this has to be handled by the management board.This is changing, however, and the commission decided that supervisory board chairpersons should “be prepared (under appropriate conditions) to discuss topics relevant to the supervisory board with investors”.“These are issues within the sole responsibility of the supervisory board, and which it must decide upon on its own,” the commission said. “In accordance with this suggestion, the chairman of the supervisory board will have certain discretion with whom and when he/she would like to conduct a discussion.”The commission’s recommendation comes after a group of investors and other stakeholders developed guidelines for interaction between the supervisory board chair and investors in a bid to bring German corporate governance more in line with practice in other countries. Some of the members of that task force are also on the government corporate governance commission. Germany’s corporate governance code is being amended to emphasise that institutional investors have a responsibility to exercise their ownership rights.The amendments follow a six-week consultation period that generated a strong response, both positive and critical, according to the government-appointed commission responsible for the code. The commission decided on changes to the code itself and the preamble, which sets out the spirit behind the code.The preamble has been extended to argue that good corporate governance requires companies and their directors to conduct business ethically and take responsibility for their behaviour. The German word used by the commission for the latter is “Eigenverantwortung” – literally translated as “self-responsibility” or “own-responsibility”.The guiding principle of an “honourable businessperson” (“ehrbarer Kaufmann”) was introduced to the preamble to reflect this.last_img read more

Read More

Negrenses honor slain cop, condemn CPP-NPA atrocities

first_imgMembers of various civil society groups in southern Negros denounce the atrocities committed by the Negrenses honor slain cop, condemn CPP-NPA atrocities Communist Party of the Philippines-New People’s Army during their indignation rally in Bago City on Feb. 25. They also paid tribute to Captain Efren Espanto, who was killed by NPA rebels in Janiuay, Iloilo last Feb. 12. NOCPPO During the indignation rally, a formerrebel shared his experience as a misguided member of the NPA. He surrendered tothe government authorities after he realized the meaningless ideology of thecommunist-terrorist group.(With a reportfrom PNA/PN) Espanto, who was the team leader ofRegional Mobile Force-Western Visayas Reconnaissance Company, hails from LaCarlota City but has a residence in Bago City. Married to a fellow policeofficer, he was a member of the Philippine National Police Academy 2015 ClassLakandula. The activity, initiated in front of the ManuelY. Torres Coliseum on Feb. 25, also served as a tribute to Captain EfrenEspanto, a Negrense policeman who was killed during an encounter with the NPArebels in Janiuay, Iloilo last February 12. His remains were transferred from BaxterFuneral Homes in Bago City to to La Carlota Gymnasium on Feb. 25. He will Hewill be laid to rest there in his hometown on Feb. 29. Banners which read “Salute to courageand sacrifice. You will never be forgotten,” were brought by the participantsas tribute to Espanto.center_img BACOLOD City – Around 300 Negrensesgathered to condemn the atrocities of the Communist Party of thePhilippines-New People’s Army (CPP-NPA) during an indignation rally in BagoCity. “His legacy and bravery will remain inthe hearts of his fellow police officers,” he added. Major Edison Garcia, public informationofficer of NOCPPO, said members from various civil society groups organized therally, which was supported by the provincial police. Colonel Romeo Baleros, director ofNegros Occidental Police Provincial Office (NOCPPO), said in a statementreleased on Wednesday that the communist-terrorist group committed an inhumanact in ending the life of the captain. last_img read more

Read More

Georgia man killed in interstate crash

first_imgClark County, in. — Thursday at approximately 5:13 p.m., troopers from the Indiana State Police Post at Sellersburg responded to an overturned semi on the interstate ramp from I-265 WB to I-65 SB in Clark County.The preliminary investigation revealed the semi-tractor and trailer loaded with two steel coils was traveling west down the ramp, when the loaded coils shifted causing the semi-tractor and trailer to overturn. Roger L. Cole, 64, from Gainesville, GA was driving the 1999 International semi-tractor and was pronounced dead at the scene by the Clark County Coroner’s Office.last_img read more

Read More

Fire destroys car at Batesville apartment complex

first_imgBatesville, In. — The Batesville Fire Department responded to a car fire in the early morning hours of December 12 at McNair Manor. No injuries were reported. The car was a total loss.last_img

Read More

‘It’s just business’

first_img-Jamaica Tallawahs weigh in on Chris Gayle issue (Sportsmax) – The Jamaica Tallawahs have claimed that the decision to not retain Chris Gayle for the 2020 CPL season was strictly business.The Jamaica-based Hero CPL franchise on Wednesday refuted claims made by Chris Gayle on Monday, that politics and Ramnaresh Sarwan were behind their decision to let Gayle leave for the St Lucia Zouks for the coming season.Gayle, in a series of videos posted on Youtube on Monday, suggested that Sarwan, his former West Indies teammate, turned management against him.He said when he refused to back Sarwan’s bid to become team manager, Sarwan sought payback. Gayle called Sarwan a snake and said he was worse than the Coronavirus.Gayle also said he believes that accepting an invitation from Guyana’s Minister of State Joe Harmon in 2018, also played a part in the decision to let him go.However, in a statement released early Wednesday, the Tallawahs said Gayle’s comments were far off base and that they are only focussed on rebuilding a team that disappointed during the 2019 season.“The ownership and management of the Jamaica Tallawahs was disappointed to see the comments made by Mr Christopher Gayle about his departure from the Tallawahs, as we would much rather have had these discussions in private,” the statement said, explaining that Sarwan did not play a role in any decision affecting the self-styled ‘Universe Boss’.“Mr Gayle gave several reasons for the decision that was made not to retain him in the Tallawahs. However, the truth is that this decision was made collectively by the ownership and management team, which did not include Mr Ramnaresh Sarwan, and based purely on business and cricketing reasoning.”The Tallawahs also dismissed Gayle’s claim about him being targeted because of perceived political connections.“Further, the ownership and management of the Tallawahs have no political affiliation with any political organization in any country of the Caribbean,” the statement said.“The Tallawahs had a very disappointing season in CPL 2019, where the team finished last in the tournament. The ownership and management team has exercised its rights in the selection of players for CPL 2020 for the betterment of the team.“The ownership and management of the Tallawahs will not be making any further comment on this matter as we are focusing on building the team for the future.”last_img read more

Read More

Penn talks back

first_imgActor and civil servant Kal Penn talked to students Tuesday night about his heritage and identity. The event was sponsored by the Asian Pacific American Student Assembly for the APASA Heritage Festival.Austin Vogel | Daily Trojanlast_img

Read More

United boss Mourinho defiant after Chelsea defeat

first_imgVictory saw Chelsea move to within nine points of top spot and eased the pressure on the London club’s Italian manager Antonio Conte following a 3-0 loss away to Roma in the Champions League earlier this week.“It’s an important victory,” said Conte. “When you play against Manchester United it’s always a massive game. This type of win is important for our confidence. We showed great desire and passion to win this kind of game.“We can win or lose but our spirit must be this. Last season our spirit was in every game -– we started this season with a lot of problems. We were up and down. This game showed if we want we can.”Chelsea defender David Luiz was not even on the bench for this match and Conte was coy when asked if the Brazilian, in his second stint with the Blues, still had future with the west London club.“I don’t know,” Conte replied. “He has to work really hard otherwise they are on the bench or in the stand.”Meanwhile Chelsea midfielder Cesc Fabregas, who said the Blues might have won by an even bigger margin, was proud of the team’s resilience.“It is fantastic to defend well but this is a team full of fantastic players and we need to take advantage of that,” he said. “We played like a big team, defended like a big team and we have to be proud.”Share on: WhatsApp London, United Kingdom | AFP | Manchester United manager Jose Mourinho insisted his side’s Premier League title ambitions were still intact despite a 1-0 loss away to former club Chelsea on Sunday.Alvaro Morata’s 55th-minute goal at Stamford Bridge was enough to give reigning champions Chelsea victory and leave United eight points behind in-form leaders Manchester City.“We are second — not fifth, sixth or seventh or eight,” Mourinho told Sky Sports after his third straight loss at Stamford Bridge since he became United manager.“We have several teams in a more difficult position than we have. Eight points is eight points.“We went through a very difficult phase with important matches against Tottenham, Liverpool and Chelsea without important players.”The Portuguese manager added: “The game was controlled by us and the game was controlled by them. We had chances and they had chances and with the first goal they were able to bring more people to defend.“We tried to change the direction of our game, we created chances to equalise but we couldn’t.“We had chances. If I remember (Romelu) Lukaku shot in the first half and in the last part of the game with the (Marcus) Rashford shot…We had lots of chances to score goals,” Mourinho said.last_img read more

Read More

Lacey Names 2013 Historian Of The Year

first_imgSubmitted by City of LaceyLongtime Lacey Museum volunteer Susan Goff was recently named as the city’s 2013 Historian of the Year by Mayor Vigil Clarkson and the Lacey City Council. Lacey’s Historical Commission unanimously approved Goff’s nomination in recognition of her decades-long support of the museum, where she began as a volunteer cataloging historical photos in 1987.Over those years, Goff, who holds a diploma in Cultural Conservation, was responsible for creating the museum’s indexing system for photographs and negatives, conducting historical research, and assisting with exhibit design. She has also donated many locally-significant items to the museum’s collections.The award was made during the city’s observance of Lacey History Month. Several community members have received the honor over the last decade, including Goff’s daughter, Andrea Taylor.For more information on the Historian of the Year program or the Lacey Historical Commission, please call the Lacey Parks and Recreation department at (360) 491-0857. Facebook0Tweet0Pin0last_img read more

Read More

New Officers and Board Members for Providence St. Peter Foundation

first_img Annie Iriye, M.D., Submitted by Providence St. Peter FoundationProvidence St. Peter Foundation Board of Directors has recently elected new officers. Pat Gilmer, M.D., an otolaryngologist at Ear, Nose & Throat Associates SW, was elected to serve as president. Rick Middleton, President/CEO of Anderson-Middleton Company was elected as vice president. Each officer will serve a two-year term. Larry Brooke will begin his third term as treasurer, and Dan Davidson, D.D.S., will serve as immediate past president.In addition, the Foundation elected four new members to its board of directors. Board president, Pat Gilmer, M.D., says, “All of our board members have a deep passion for the mission of Providence in our community, and we’re glad these four members are joining as new advocates for the work our donors make possible.”Joining the board are Christophe Allen, vice president and general manager of The Acme Service Group; James Kruidenier, M.D., board certified gastroenterologist at Gastroenterology Associates; Annie Iriye, M.D., board certified obstetrician and gynecologist with Group Health Olympia Medical Center; and long-time community member andvolunteer, Katie Hurley.Each new board member will serve a three year term. “We’re very excited to have these new members joining us,” says Gilmer. “They bring depth of experience from the business, medical, and not-for profit communities, and a deep respect for the importance of having access to high-quality health care right here locally.”Retiring from the board after a combined 36 years of service are Ken Anderson, Allen Miller, and Wayne Staley. James Kruidenier, M.D. Facebook0Tweet0Pin0center_img Katie Hurley Christophe Allenlast_img read more

Read More