Biggest mutual funds and ETFs with the best 10-year returns

Lenore Staats

Bigger doesn’t always mean better.

With an average 10-year gain of roughly 12% — and more than $3 trillion in AUM — the industry’s 20 biggest mutual funds and ETFs were outpaced by the broader fund industry, Morningstar Direct data show. Index trackers such as the SPDR S&P 500 ETF Trust (SPY) and the SPDR Dow Jones Industrial Average ETF Trust (DIA), meanwhile, posted gains of 14.87% and 13.60%, respectively, according to Morningstar Direct data.

In bonds, the iShares Core US Aggregate Bond ETF (AGG) generated a gain of 3.65%.

Despite some impressive short-term returns, the year-to-date average among the

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Foreign funds offload RM558.4mil of local equities last week

Lenore Staats

KUALA LUMPUR: Foreign funds have offloaded RM558.4mil net of local equities on Bursa Malaysia during the Sept 14-19 period against RM71.2mil net acquired during the previous period of Sept 7-12.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said Bursa’s international investors began the week by withdrawing RM187.9mil net of local equities last Monday.

The local bourse, however, was up by 0.4%, supported by net buying activity by retail investors who scooped up RM280.3mil of local equities as they weighed prospects for a Covid-19 vaccine.

AstraZeneca (AZN) disclosed that it has resumed British clinical trials of its Covid-19 vaccine which

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Agreements signed to link food sector SMEs to investment funds

Lenore Staats

AMMAN — The Jordan Enterprise Development Corporation (JEDCO) has signed three memoranda of understanding (MoUs) with investment banking services companies to qualify potential industrial companies operating in the food processing sector and subsequently connect them with a number of investment funds, based on the recommendations of the food manufacturing committee.

The MoUs were signed in the presence of Minister of Industry, Trade and Supply, and JEDCO Chairman Tareq Hamouri and Chairman of the committee and the Jordan Industrial Estates Company Luay Sahwil, and representatives of the industrial sector and directors of investment banking services companies, according to a JEDCO statement.

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Atar Capital Acquires Foodservice Packaging Manufacturer WinCup From Funds Managed by BlackRock

Lenore Staats

LOS ANGELES–(BUSINESS WIRE)–Atar Capital, a Los Angeles-based global private investment firm, announced today it has completed the acquisition of WinCup from funds managed by BlackRock, Inc., a global investment management firm. Headquartered in Georgia, WinCup employs nearly 1,000 people across eight manufacturing facilities that provide nationwide production and distribution of a comprehensive portfolio of traditional and biodegradable foodservice packaging products. The company is first to market with two flagship products, Phade®, an award-winning marine biodegradable, home and industrial compostable straw; and Vio®, the only biodegradable foam-based cups, lids and straws in the US and Canada. WinCup serves an

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Shrinkflex plans IPO to raise funds

Lenore Staats

Shrinkflex plans IPO to raise funds

Proceeds earmarked for second facility

Shrinkflex Thailand Plc, the country’s largest shrink-film label manufacturer, is planning an initial public offering on the Market for Alternative Investment (MAI) to raise money for a second production facility.

The company submitted its listing application on the MAI in the industrial sector in June and is planning a roadshow to showcase its products for the domestic and overseas markets.

Shrinkflex founder and chief executive Sung Cheong Tsoi said the company hired RHB Securities Thailand Plc as its financial adviser, with newly increased registered capital of no more than

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Atar Capital Acquires Foodservice Packaging Manufacturer WinCup From Funds Managed by BlackRock – Press Release

Lenore Staats

LOS ANGELES–(Business Wire)–Atar Capital, a Los Angeles-based global private investment firm, announced today it has completed the acquisition of WinCup from funds managed by BlackRock, Inc., a global investment management firm. Headquartered in Georgia, WinCup employs nearly 1,000 people across eight manufacturing facilities that provide nationwide production and distribution of a comprehensive portfolio of traditional and biodegradable foodservice packaging products. The company is first to market with two flagship products, Phade®, an award-winning marine biodegradable, home and industrial compostable straw; and Vio®, the only biodegradable foam-based cups, lids and straws in the US and Canada. WinCup serves an impressive blue-chip

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UK funds coronavirus research for vulnerable global communities

Lenore Staats

The UK government is to invest £7.2m in 20 new research projects to address the impact of Covid-19 on vulnerable communities around the world.

Developing countries are facing immense pressures because of the global health crisis. The pandemic has not only put their health services under extreme pressure, but the global lockdown has damaged their economies disproportionately.

According to the UN, the number of people facing food shortages could double by the end of this year and about 150 million people worldwide lost full-time jobs in the first quarter of this year, with millions more expected to lose their livelihoods.

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Your Funds: How to think when a favorite stock is in the news | Column

Lenore Staats

Still, it’s hard to ignore that ExxonMobil has been choking amid the mostly strong market conditions of the past decade. Shares trading for more than $100 six years ago sell for less than $50 today.

Even factoring dividends and total return into the picture, ExxonMobil has badly lagged the Dow; the annualized average spread is more than 20 percentage points.

That said, if history is a precursor, being dumped by the Dow is good news for Exxon-Mobil shareholders. Several studies have shown that issues kicked out of the major indices outperform the stocks that replace them.

The last time three

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PPP loans kept many small businesses afloat this summer. Without more funds, experts say a wave of bankruptcies is coming. | Local Business

Lenore Staats

While the evidence is largely anecdotal at this point, the pandemic appears to have outlasted the PPP funds for a growing number of small businesses, a trend that may fuel bankruptcy filings well into next year, said James Hammond, CEO of Boston-based New Generation Research, publisher of BankruptcyData.

“There’s certainly a lot of companies that despite their PPP success at getting some funding, haven’t been able to hold it together and already have shown up in bankruptcy courts,” Hammond said.

That’s the case in federal bankruptcy court in Chicago, where a handful of Chicago-area companies filed for bankruptcy after receiving

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Did Hedge Funds Make The Right Call On Juniper Industrial Holdings, Inc. (JIH) ?

Lenore Staats

JIH) and determine whether hedge funds skillfully traded this stock.” data-reactid=”12″We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not always available for the general crowd. This doesn’t mean that they don’t have occasional colossal losses; they do. However, it is still a good idea to keep an eye on hedge fund activity.

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Lenore Staats


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