No smoke without fire as vulture fund quietly builds stake in BATS and IMPS
Kenneth Dart has been quietly building stakes in Britain s two listed companies - both of them deeply unfashionable stocks.
Tobacco, so they say, is a dying business.
Well, it is for many of its customers, anyway.
The stocks have been known for decades as BATS and IMPS to their fans. That fan base may be diminishing as environmental, social and governance (ESG) issues become more prominent but hard-nosed investors who care not for ESG issues are still clambering aboard, among them Kenneth Dart, the secretive billionaire investor.
Capital Group Announces Licensing Agreement With Fidelity Investments
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LOS ANGELES, April 30, 2021 /PRNewswire/ Capital Group, home of American Funds and one of the world s largest investment management firms, has filed an application for exemptive relief with the Securities and Exchange Commission based on Fidelity s active equity ETF methodology.
Earlier this year, Capital Group announced it will offer the firm s first actively managed exchange-traded funds (ETFs). Capital Group plans to launch both equity and fixed income ETF strategies early in 2022. ETFs will be an important extension to our current suite of investment solutions, said Holly Framsted, CFA, head of ETFs, Capital Group. Fidelity s innovative structure is one of the solutions we ll consider as we plan for a robust ETF launch in early 2022.
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Plan sponsors are doing less
Many plan sponsors have halted planned upgrades, suspending actions that may have helped their participants be better prepared for retirement, according to
Pensions & Investments. Although plan sponsors are still reviewing risk profiles among their current asset managers and considering plan design enhancements, few are executing on the results.
What can defined contribution committees do?
Stress test your plan. The last two quarters provide real data about participant behavior and fund results in difficult markets. Understand the impact that subsequent effects may have on your employees’ retirement readiness and reinforce positive actions.
Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.).
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% of voting rights through instruments (if at least 5% or more)
Total of both (if at least 5% or more)
The Capital Group Companies, Inc. %