Equities & Stocks
February 1, 2013 | 
Author Eiffel Investment Group’s Long-Short European Credit Fund Won the New Fund of the Year Award at the Eurohedge Awards 2012
(PRWEB) January 31, 2013
Eiffel Investment Group is pleased and honored to announce that its long-short European credit fund, Eiffel Credit Opportunities, has won a “New Fund of the Year” award at the Eurohedge Awards 2012. The Eurohedge Awards are one of the most prestigious awards in the European hedge fund industry. Winners were announced by Eurohedge on January 24th, 2013, in London. Eiffel Credit Opportunities was chosen as the best “New Fund of the Year” (in a category comprising macro, fixed income & relative value funds), among seven highly performing nominees, based on its exceptional performance and Sharpe ratio in 2012.
About the Eiffel Credit Opportunities fund
Eiffel Credit Opportunities is a long-short European credit fund. It makes discretionary investments in credit instruments of European corporate and financial institutions, using bonds, loans and CDS. The strategy relies on a bottom-up, research-driven approach for credit selection. The portfolio consists of a limited number of high conviction catalyst-driven long and short core positions, plus more opportunistic trading positions. Deployment and exposure are managed dynamically with reference to credit market regime.
The Fund was incepted on 1 December 2011 and gained more than 20% in 2012 with a Sharpe ratio of more than 2. The strategy has a three year track record.
The fund manager, Emmanuel Weyd, has 20 years of experience of the European credit markets. Before joining Eiffel Investment Group early 2009, he was a Managing Director on the credit desk of J.P. Morgan’s proprietary trading division (PPB) in London. He had previously been co-head of European Credit Research at J.P.Morgan and head of Debt Capital Markets for a European region at J.P.Morgan. Emmanuel is supported by a team of four research analysts and a team of four operations & risk professionals, using the state-of-the-art infrastructure of Eiffel Investment Group.
About Eiffel Investment Group
Eiffel Investment Group is a fundamental investor in European credit and equity. The firm manages over EUR 300 million of proprietary and third party assets in a range of absolute return strategies: long-short credit, long-short sector-focused equity and long-term credit. The team relies on a research-intensive investment approach to identify attractive alpha generating investment opportunities.
Eiffel Investment Group is an independent firm, owned by its team alongside former Louis Dreyfus group Chairman & CEO Jacques Veyrat (the company was created end 2008 as an asset management division of the Louis Dreyfus group and spun-off mid-2011).
The firm and its principals have invested EUR 100 million in the funds managed by Eiffel Investment Group, ensuring a very strong alignment of interests with investors and a constant focus on risk management.
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Tags: 2012, Award, Awards, Credit, Eiffel, Eurohedge, European, Fund, Groups, Investment, LongShort, Year | 
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EJL Wireless Research Adds the Ericsson GSM/EDGE DUG20 Digital Baseband Unit to its DesigN Analysis Infrastructure (DNA-I) Series of Teardown Reports
Salem, NH (PRWEB) January 18, 2013
EJL Wireless Research is announcing a new report within its proprietary DNA-I series, an Ericsson GSM/EDGE DUG20 01 unit.
“This is our first look at a DUG from the RBS6000 platform and its role as the GSM/EDGE digital baseband unit. The DUG is an integral part of the RBS610x/620x/6301/6601 base station platforms and the DUG20 version is the standard version for GSM/EDGE within Ericsson’s portfolio, supporting 12 GSM carriers” said founder and President, Earl Lum.
EJL Wireless Research continues to lead the wireless market research segment with innovative and cutting edge research such as its DNA-I series of products.
“We continue to be excited in having the opportunity to showcase the latest generation remote radio units, RF transceiver modules, BTS antennas, femtocells, digital baseband units and base stations from major wireless equipment OEMs as part of our DNA-I program,” says Lum.
The following semiconductor & passive component suppliers are included in this report: Analog Devices, Bourns, Broadcom, Clare, Ericsson, Fairchild Semiconductor, Hynix, Infineon Technologies, Integrated Device Technology, Kemet, Lantiq, Lattice Semiconductor, Maxim Integrated Products, Micron Technology, Nihon Denpa Kogyo, Nichicon, NXP Semiconductors, ON Semiconductor, Pulse Electronics, Rakon, Sanyo Electric, STMicroelectronics, TDK-Epcos, Texas Instruments, Vishay Semiconductors.
The report is currently available for purchase and information can be downloaded at http://www.ejlwireless.com.
About EJL Wireless Research
EJL Wireless Research provides proprietary, accurate and cutting-edge market analysis and consulting services on the wireless technology ecosystem and defense and aerospace industries. The firm’s wireless infrastructure research division focuses on all vertical elements of the wireless ecosystem including mobile subscribers, mobile operators, mobile handsets, mobile infrastructure and mobile content. In addition, the firm provides analysis across horizontal technology suppliers including RF semiconductor materials, RF semiconductor/components, subsystems and OEMs. Similarly, the defense and aerospace division focuses it efforts on the ecosystem supporting UAV and airborne platforms and subsystems. Our goal is to provide our clients with mission critical market analysis and information.
EJL Wireless Research believes it has a corporate responsibility, both local and international, in giving back to the community. Please visit our website for more information about the charitable organizations it supports at: http://www.ejlwireless.com/corporate_responsibility.html.
EJL Wireless Research is managed by Earl Lum. Mr. Lum has 20 years of experience within the wireless industry including 8 years as an Equity Research Analyst on Wall Street cover the global wireless industry. The company is headquartered in Salem, NH. For more information about EJL Wireless Research, please visit the company’s websites at http://www.ejlwireless.com or http://www.ejldefense.com.
©Copyright 1997-
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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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AssuredPartners, Inc. Acquires Tobias Insurance Group, Inc.
Indianapolis, Indiana (PRWEB) January 11, 2013
Lake Mary, Fl. – December 31, 2012 —AssuredPartners, Inc. has completed a transaction for substantially all of the assets of Tobias Insurance Group, Inc. Tobias Insurance Group, Inc. will continue under its own name and its headquarters in Indianapolis, IN. Tobias is one of the largest independently owned commercial insurance brokerage businesses in the Midwest, serving clients both domestically and internationally, and will continue under the leadership of Nick J. Rutigliano.
Founded in 1973, Tobias offers a comprehensive mix of insurance products and services, including property and casualty, surety, and employee benefits. Tobias works with a wide array of industries, with a strong focus on construction. This acquisition will strategically expand AssuredPartners footprint in the Midwest
“After careful and thoughtful consideration, we decided that the time was right to broaden our scope by partnering with a growing national broker,” said Nick Rutigliano, President of Tobias. “This will allow us to continue our focus of taking care of our clients, taking care of our employees with added opportunities and resources to take our company and services to the next level”
“Tobias has a culture focusing on client advocacy and quality service. Their talented team will complement our expertise in the Midwest and increase our footprint in Indiana,” said Jim Henderson, Chairman and CEO of AssuredPartners, Inc. “As our company continues to expand, we remain committed to offering unmatched service and financial security to all of our new and existing clients.”
ABOUT ASSUREDPARTNERS, INC
Headquartered in Lake Mary, Florida and led by Jim Henderson and Tom Riley, AssuredPartners Inc., a portfolio company of Chicago-based private equity firm GTCR, acquires and invests in property and casualty and employee benefits brokerage businesses across the country. AssuredPartners has grown to approximately $ 230 million in annualized revenue and continues to be one of the fastest growing insurance brokerage firms in the United States. For more information, please contact Dean Curtis, CFO, at (407) 708-0031 or dcurtis@assuredptr.com, or visit http://www.assuredptr.com.
©Copyright 1997-
, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in Equities & Stocks | Tags: Acquires, AssuredPartners, Group, Inc., Insurance, Tobias | 10 Comments »
Dickinson Wright Receives 112 Rankings in U.S. News – Best Lawyers “Best Law Firms” Survey
Detroit, Mich. (PRWEB) November 01, 2012
Dickinson Wright PLLC received 60 first-tier rankings in the 2013 “Best Law Firms” report by U.S. News and Best Lawyers. The survey ranked Dickinson Wright in 55 different practice areas overall. The firm received first-tier recognition in 59 practice areas in Michigan.
The firm was also recognized for legal excellence for practices in our Las Vegas, Nashville, Phoenix and Washington, D.C. offices.
The rankings, presented in tiers, showcase more than 10,000 law firms ranked nationally and/or by metropolitan region. Firms were ranked nationally in one or more of 80 legal practice areas and by metro or state in 118 practice areas.
State/Metropolitan Rankings
Tier 1
Ann Arbor, Mich.
Banking and Finance Law
Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
Corporate Law
Litigation – Bankruptcy
Litigation – Construction
Litigation – Patent
Mergers & Acquisitions Law
Non-Profit/Charities Law
Detroit
Appellate Practice
Arbitration
Banking and Finance Law
Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
Commercial Litigation
Corporate Governance Law
Corporate Law
Employee Benefits (ERISA) Law
Employment Law – Management
Environmental Law
Family Law
Immigration Law
International Trade and Finance Law
Labor Law – Management
Litigation – Antitrust
Litigation – Bankruptcy
Litigation – Eminent Domain & Condemnation
Litigation – Environmental
Litigation – Labor & Employment
Litigation – Real Estate
Mediation
Mergers & Acquisitions Law
Public Finance Law
Real Estate Law
Trademark Law
Trusts & Estates Law
Grand Rapids, Mich.
Banking and Finance Law
Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
Commercial Litigation
Construction Law
Land Use & Zoning Law
Litigation – Banking & Finance
Litigation – Bankruptcy
Litigation – Construction
Litigation – Eminent Domain & Condemnation
Litigation – Land Use & Zoning
Municipal Law
Public Finance Law
Real Estate Law
Lansing, Mich.
Administrative/Regulatory Law
Appellate Practice
Commercial Litigation
Employment Law – Management
Gaming Law
Government Relations Practice
Health Care Law
Insurance Law
Labor Law – Management
Litigation – Eminent Domain & Condemnation
Municipal Law
Public Finance Law
Washington, D.C.
Gaming Law
Tier 2
Ann Arbor, Mich.
Construction Law
Health Care Law
Detroit
Litigation – Banking & Finance
Litigation – Intellectual Property
Litigation – Mergers & Acquisitions
Litigation – Trusts & Estates
Municipal Law
Natural Resources Law
Oil & Gas Law
Patent Law
Private Equity Law
Securities/Capital Markets Law
Securities Regulation
Grand Rapids, Mich.
Corporate Law
Lansing, Mich.
Litigation – Banking & Finance
Litigation – ERISA
Litigation – Real Estate
Litigation – Regulatory Enforcement (SEC, Telecom, Energy)
Personal Injury Litigation – Defendants
Tax Law
Las Vegas
Litigation – Intellectual Property
Nashville
Entertainment Law – Motion Pictures & Television
Land Use & Zoning Law
Mass Tort Litigation/Class Actions – Defendants
Phoenix
Real Estate Law
Tier 3
Detroit
Litigation – Patent
Litigation – Securities
Lansing, Mich.
Corporate Law
Nashville
Banking and Finance Law
Commercial Litigation
Real Estate Law
National Rankings
Tier 2
Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law
Corporate Law
Employment Law – Management
Immigration Law
Labor Law – Management
Patent Law
Private Equity Law
Trademark Law
Tier 3
Appellate Practice
Banking and Finance Law
Commercial Litigation
Environmental Law
International Trade and Finance Law
Litigation – Environmental
Litigation – Labor & Employment
Litigation – Real Estate
Mergers & Acquisitions Law
Public Finance Law
Real Estate Law
Securities/Capital Markets Law
Trusts & Estates Law
About Dickinson Wright PLLC
Dickinson Wright PLLC is a full-service law firm with more than 40 practice areas. Founded in 1878, Dickinson Wright has over 300 lawyers in offices located in Detroit, Troy, Grand Rapids, Ann Arbor, Lansing, and Saginaw, Mich.; Columbus, Ohio; Las Vegas, Nev.; Nashville, Tenn.; Phoenix, Ariz.; and Washington, D.C. Dickinson Wright LLP has over 30 lawyers in Toronto, Canada.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
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Article by John Reizner
The time at which most people believe a significant stock market correction will occur – whether because of interest rates, war, budget or trade deficits, excessive public and/or private debt, or events in China (or some other reason) -may actually be a time when it is less likely to happen. I have discussed this aspect of market psychology in my article, Stock Market Investing and the Power of Contrary Opinion.
The public has generally been conditioned to buy stocks on the dip when the stock market swoons. This has happened several times: in 1987, 1989, 1998, and recently in February 2007. There was great fear during this most recent swoon, which importantly occurred with terrible breadth and on NYSE volume of approximately 2.3 billion shares traded; but the market has sharply rebounded, at least so far. A significant break from the “buy on the dip” psychology could prove to be dangerous to the long investor, as the market could experience cascading selling waves. I realize that the latter point may appear unsubstantiated at first glance, but there is precedent for it in stock market and economic history.
When the crash of 1987 occurred, the market fell over 20% in one day. Pessimism was rife that a severe economic downturn would follow and that the stock market might follow the path of the last great crash that began on October 29, 1929, known as Black Thursday. The latter occurred on record volume and was followed by further brutal declines despite measures to stem it. After the crash of 1929, policy makers kept credit conditions tight to prevent a return to stock market speculation, restraining the ability of the market and the economy to resume a steady path. Restrictive trade legislation was also added to isolationist trade policy enacted in the 1920s, extending the life of the Depression that followed the crash.
After the 1987 crash, however, the calm demeanor of President Reagan prevailed when he stated that as long as consumers kept on buying refrigerators and such items, that we would weather the stock market storm. Reagan also did not panic and seek to implement legislation of poor policy measures such as the sort of protectionist trade legislation passed during the Great Depression. Further, Fed Chairman Alan Greenspan made the resources of the Fed available to the markets by promising liquidity. Bonds rallied strongly in a flight to safety, and in time, the stock market recovered and went to new highs.
The thing that troubles me about the February 27, 2007 market break is not only the high volume, terrible breadth, and sharpness of the fall, but also the sharpness of the snapback rally in its aftermath. It was reported that some market participants were hoping for a continuation, a washout of the speculation in recent stock prices after February 27th- a further decline. It is known that our market break followed the abrupt fall in the Shanghai market, which has also snapped back in the near term.
I believe in our case and perhaps as likely in the Shanghai market, the snapback may indicate an unsupported speculative fever underlying the markets. In the month or so before Black Thursday in 1929, the market fell but the speculators kept on pushing the market. When market selling finally took over, it was relentless. It may be a bit of stab to say that the two periods bear a resemblance, but the form of the speculative fever is can be compared.
But I will say that in my view the odds of a stock market panic have increased due to the widespread participation of the public in equities, as has happened in prior speculations. Also, hedge funds, for example, have created a culture among many money managers and some investors of short term and ultra short term investment time horizons. Together, these conditions may contribute to high market volatility.
One respected stock market money manager has overlaid our recent market period on the 1995-1999 period and has stated that the two times are quite similar. Both times experienced a trend of rising interest rates that paused the markets. The post 1995 period faced the prospect and in turn the reality of Federal Reserve Board cuts, as we may have now. These cuts, if they occur, according to this money manager, may propel the stock market significantly higher with technology leading the way as did the rate cuts after 1995.
In my article titled Inflation and the Stock Market: Does Anyone Remember the Seventies? I write of the possibility of an end to the benign disinflation we have experienced for over two decades. The prospect of increasing inflation may be the grinch that steals Christmas from the above mentioned money manager’s argument of sharply increasing prices for equities.
As I state in that article, increasing inflation may not permit the Fed to cut its rates. Yet, on the other hand, policymakers’ legislation in reaction to the problem of subprime mortgage defaults may result in a recession. As one subprime lender has stated on financial television, if policymakers “throw the baby out with the bath water,” we will be in danger of overkill. Should the subprime situation turn into a widespread debacle, which is in my view unlikely, then I believe it would be incumbent on the Fed Chairman to lower interest rates. It would be better if some of our legislators had benefited from a study of our economic and stock market history, and thus gained insight into our markets today.
Yet, in terms of the probability of an actual market-wide panic, we all now have the advantage of insight into the 1929 and other more recent stock market panics, and Federal Reserve Chairman Bernanke has studied the 1929 period and its causes carefully. Thankfully, I imagine he is determined as our Fed Chairman not to repeat the mistakes of that awful time in our history should the stock market suffer a serious blow.
This article contains the opinions and ideas of its author and is designed to provide useful general information to the reader on the subject matter covered. The author may or may not have current positions in the investments mentioned in this work, and the author may from time to time make investments in a manner that is not described here. Past investment performance is no guarantee or prediction of future results and any investments made, based on the opinions and ideas contained in this work, may or may not be successful. The strategies contained herein may not be suitable for every investor or situation, and the author is not engaged in, and should not be construed to be, rendering legal, accounting, investment advisory or other professional services to the reader or any other person. Readers should consult their own advisers for advice particular to their individual circumstances.
About the Author
John Reizner was first exposed to financial markets when he started reading the stock quotes out of the newspaper to his businessman grandfather, who was legally blind, when he was about ten. His current e-book, A Way to Wealth – the Art of Investing in Common Stocks, is available at his website, http://www.ReiznersWay.com
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Posted in Equities & Stocks | Tags: Investments, Odds, Panic, Reconsideration, Still, Stocks, Worthwhile | 2 Comments »
Article by alex lander
A share or stock refers to an unit of ownership in a company. Behind every single stock is a company. Behind a company is a business. When you buy stocks, you grew to become one of the proprietors of the company. Stocks are represented by stock certificates as proof of your ownership. Now days the certificated are in Demat form. On the internet trading of stocks is implemented in most of the Stock exchanges. Net grew to become the crucial medium of buying and selling shares. Stocks are also known as as shares and securities.
Subsequent are the rights of a typical stockholder.
1. Electing directors and proposals for mergers and acquisitions2. The proper to offer the stocks they very own3. Dividends4. The possibility to inspect corporate books in the form of an annual report.
The rights could differ somewhat by country.
The stocks are issued mainly to increase funds and a depending on the marketplace need a public business will concern a lot more stocks. And if the company problem the stocks for the initial time it is referred to as Initial Public Offer. The subsequent are the essential terms of a stock
1. Average Return Of Equity (ROE)2. Average growth earning per share growth fee (EPS GR)3. Financial debt to Equity Ratio (D/E)4. Gross profit margin5. Dividends6. Price to earnings ratio (P/E)
Usually investing in stocks will give a lot more earnings than any other investment. Billionaires like Warren Buffet, Phil Fisher, Benjamin Graham, and Peter Lynch made their wealth by investing in stocks. Besides long term investing there are also intra-day trading and short expression investment. Futures and Possibilities are other innovative buying and selling approaches which are dangerous. A few percentage of people involved in such sort of buying and selling, nevertheless the percentage of people trading Futures and options are growing. They are contract based and traded in lots.
Stock markets are exchange houses, which are centers for buyers and sellers. The stock marketplace facilitates the exchange involving buyers and sellers. A stock market or equity market is a public entity wherever the businesses are listed. It is a market place in which securities are bought and sold. Stock market acts as a medium between the traders and companies.
Firms raise cash using stock market. The main element of stock marketplace is Index. An Index is generally the typical value of 30 or 50 chosen shares. The index is utilized to keep track of the overall performances of marketplace.
About the Author
You can learn a lot of money from Stocks. The only issue is that you should know how to trade well. Click here to know more about Stocks.
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Article by Swati
Online Stock market Trading is becoming the most popular way to trade stocks because of computers. No longer do we have to call a broker and pay high commissions to buy or sell a stock. With just a few clicks of the mouse we are in total control of our investments. With online brokerages competing for your business, commission prices are at levels that are easily affordable. Access to information, known only to stockbrokers a few years ago, is now at our finger tips.according to indian stock market tips There are many reasons people prefer to buy and sell stocks online. Many individuals appreciate the ease and comfort of working from their home.It provides convenience of information being available at your fingertips, the capability to make a trade and the ability to monitor an account.
The online market is extensive and ever expanding, this rings true in every study. The ability to identify where your markets are increasing can be difficult. The patterns found online can reveal the strategies required to increase your business market stock. The stock trading can prove to be an perfect way to increase your assets in less time with minimal effort.Although,online stock market trading can be slightly confusing to those who have no knowledge in this field.It is essential that you are well versed with some of the fundamentals before you put in time and money into the market. Stocks are generally representations of a part of a company. When one buys a company’s stock, one has purchased a share in ownership of said company. This often gives one the right to vote on vital aspects of the company’s business motions. As the company’s profits increase, stock rises in value. If the company’s profits decrease, the stock’s value will fall.
indian Stock Market tips for trading:
Let’s end with a few tips for developing a winning strategy in the stock market.
First, you have to be patient. Once you pick your stock watch list, you have to be willing for your trade to set up. Like Ichow says, don’t chase the trade. Don’t force something that’s not there. Remember, you are riding the wave of the market, not the other way around. You are not a market maker and cannot manipulate stock prices like they can.
Second, keep it simple. Use the minimal number of indicators and chart patterns to be successful to start off with. Don’t over-complicate things. Hone your skills with a simple strategy and move on from there.
Third, use a practice account to trade before you use real money. It’s correct to say that the emotions won’t be present using virtual money. But emotional and psychological management is much easier to do when you have the technical stuff down first.indian stock market tips
About the Author
indian stock market tips is dedicated towards unfurling the expertise of those Option veterans in the Indian Stock Market domain who are involved in providing option tips in index and equity Options ,Hedging with options,Call & Put Writing Strategies . We bring them all to one common platform Option tips.indian stock market tips
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A former Morgan Stanley analyst, explains in his new book Best Practices for Equity Research Analysts, everything today’s competitive analyst needs to know, providing practical training materials for buy and sell-side research analysis in the United States and globally. This book covers the five primary areas of the equity research analyst’s role: Identifying and monitoring critical factors, Creating and updating financial forecasts, Deriving price targets or a range of targets, Making stock recommendations and Communicating stock ideas. Best Practices for Equity Research Analysts Book: www.amazon.com Follow McGraw-Hill Professional Twitter: twitter.com Facebook: www.facebook.com Blog: www.mhprofessional.com
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Mind the (age) gap: House price sentiment deteriorates in July as over and under-45s diverge on outlook for prices
London, UK (PRWEB UK) 20 July 2012
The Knight Frank/Markit’s House Price Sentiment Index signals that average house prices fell again in June.
Around 17% of households said the price of their home declined, while 8% said the value of their property rose.
The resulting HPSI figure is 45.6, down from 46.3 in June, and marking the 25th consecutive month that households perceive the value of their property has fallen.
Any figure under 50 indicates that prices are falling, and the lower the figure, the steeper the decline. Any figure over 50 indicates that prices are rising.
The survey of 1,500 households across the UK showed that London (51.0) was the only region where households felt the value of their home had risen over the past month, albeit very slightly.
In contrast, households in the other ten regions all reported house price falls. However the North-South divide was less clear-cut, with households in the East Midlands (41.6) reporting the biggest falls in prices, in comparison to less pronounced declines in the North West (44.8). However the price falls were more modest in the East of England (48.4).
A lead indicator
Since the inception of the HPSI, the index has been a clear lead indicator for house price trends.
Figure 3 (see attached PDF) shows that the index moves ahead of mainstream house price indices, confirming the advantage of an opinion-based survey which provides a current view on household sentiment, rather than historic evidence from transactions or mortgage market evidence.
Outlook for house prices
The future HPSI (figure 2), which measures what households think will happen to the value of their property over the next year, fell in July, although it remained in positive territory. Around 29% of households anticipate a rise in the value of their home over the next 12 months, compared with 25% expecting a decline. The resulting index reading is 51.9, down from June’s reading of 53.1 and marking the third decline in the last four months.
Regional outlook
Expectations for house price rises were recorded in only six of the 11 regions in June, the lowest count since March. Respondents in London remain the most upbeat, with the measure of expectations in the capital rising from 60.2 to 63.5. This was the only region where expectations that house prices would rise gained momentum apart from Wales, where the measure also rose from 54.3 to 56.2. But expectations reversed sharply in Yorkshire and the Humber (from 52.0 to 37.9), hitting the lowest level since March 2009.
Mirroring the fall in sentiment about current house prices in the East Midlands, the outlook for house prices also dropped from 52.6 to 48.5 in this region.
Household variations
There is a marked difference in outlook for house prices among those who are under and over 45 years old.
All age-groups under 45 expect house prices to rise over the next 12 months, while all of those aged over 45 expect prices to fall. This indicates broadly that established homeowners are more downbeat than recent purchasers and renters about the future movement of property prices.
But this assumption is blurred slightly by additional data which shows that while those who own their home outright expect house prices to fall over the next year (46.6), mortgage borrowers, who are benefitting from low repayments, tip prices to rise (53.1) albeit at a slower pace than in June (56.9).
Those in private rented property and living rent-free at home (54.8, 54.3) also expect price rises over the next year, perhaps reflecting the difficulties they face to climb on to the housing ladder.
Gráinne Gilmore, head of UK residential research at Knight Frank, said: “There has been a marked decline in sentiment about current and future house prices in July. This coincides with worsening data from the UK and Eurozone economies, which has weighed on confidence in all corners of the country. ”
“The age ‘gap’ between those over and under 45 is perhaps some reflection of how the economic developments are affecting those at different times of their life. It is typically older homeowners who own their house outright or who have paid off a significant chunk of their mortgage.
“These households seem to be preparing themselves for an erosion of the value of their asset as house prices fall. In contrast, younger families and individuals face an uphill battle to move home or get on to the housing ladder, and if prices rise as they expect, this will exacerbate their problems.
“It seems all age groups are pessimistic about house price movements working in their favour.”
Tim Moore, senior economist at Markit, said: “Twice as many households reported a drop in their property value as those that saw a rise in July, and the national balance would have been far lower without the positivity recorded in London.
“Looking ahead, the survey shows that house price expectations in the capital have long been detached from the rest of the UK. However, perhaps the most notable development in July was a split between sentiment across the older and younger age groups, with only the latter forecasting price rises.
“Given the on-going squeeze on mortgage finance available to first time buyers and those with low housing equity, older households are especially dominant in the property market at present.
“The survey indicates that this cohort were ‘ahead of the game’ in seeing the end of the property rebound during 2010.
Older households are traditionally viewed as mainly driving parts of the market affected by downsizing trends but, with their overrepresentation in current transactions and the shortage of new mortgage lending, it will be interesting to see if their expectations translate into a useful bellwether for the wider property sector.”
Ends
For further information, please contact:
Knight Frank
Rosie Cade, PR Manager
rosie.cade(at)knightfrank.com
020 7861 1068
Gráinne Gilmore, Head of UK Residential Research
grainne.gilmore(at)knightfrank.com
020 7861 5102
07785 527 145
Markit
Caroline Lumley, Director, Corporate Communications
Caroline.Lumley(at)markit.com
020 7260 2047
Chris Williamson, Chief Economist
chris.williamson(at)markit.com
0779 5555061
Notes to editors
About the HPSI
The Knight Frank/Markit House Price Sentiment Index (HPSI) survey was first conducted in February 2009 and is compiled each month by Markit.
The survey is based on monthly responses from approximately 1,500 individuals in Great Britain, with data collected by Ipsos MORI from its panel of respondents aged 18-64. The survey sample is structured according to gender, region and age to ensure the survey results accurately reflect the true composition of the population. Results are also weighted to further improve representativeness.
Prior to September 2010, the Household Finance Index was jointly compiled by YouGov and Markit based on monthly responses from over 2,000 UK households, with data collected online by YouGovplc from its representative panel of respondents aged 18 and above. The panel was structured according to income, region and age to ensure the survey results accurately reflected the true composition of the UK population. Results were also weighted to further improve representativeness.
Index numbers
Index numbers are calculated from the percentages of respondents reporting an improvement, no change or decline. These indices vary between 0 and 100 with readings of exactly 50.0 signalling no change on the previous month. Readings above 50.0 signal an increase or improvement; readings below 50.0 signal a decline or deterioration.
IpsosMORI technical details (July survey)
Ipsos MORI interviewed 1500 adults aged 18-64 across Great Britain from its online panel of respondents. Interviews were conducted online between 13th – 16thJuly 2012. A representative sample of adults was interviewed with quota controls set by gender, age and region and the resultant survey data weighted to the known GB profile of this audience by gender, age, region and household income. Ipsos MORI was responsible for the fieldwork and data collection only and not responsible for the analysis, reporting or interpretation of the survey results.
About Knight Frank
Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York based global partner, Newmark Knight Frank, operate from 209 offices, in 47 countries, across six continents. More than 6,840 professionals handle in excess of US$ 755 billion (£521 billion) worth of commercial, agricultural and residential real estate annually, advising clients ranging from individual owners and buyers to major developers, investors and corporate tenants.
For further information about the Company, please visit http://www.knightfrank.com. For the latest news, views and analysis on the world of prime property visit Knight Frank’s new website Global Briefing. And follow us on twitter @kfglobalbrief and @knightfrank.
About Markit
Markit is a leading, global financial information services company with over 2,000 employees. The company provides independent data, valuations and trade processing across all asset classes in order to enhance transparency, reduce risk and improve operational efficiency. Its client base includes the most significant institutional participants in the financial market place. For more information please see http://www.markit.com
The intellectual property rights to the HPSI provided herein is owned by Markit Economics Limited. Any unauthorised use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing is not permitted without Markit’s prior consent. Markit shall not have any liability, duty or obligation for or relating to the content or information (“data”) contained herein, any errors, inaccuracies, omissions or delays in the data, or for any actions taken in reliance thereon. In no event shall Markit be liable for any special, incidental, or consequential damages, arising out of the use of the data. Markit and the Markit logo are registered trade marks of Markit Group Limited.
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Ambassador Energy Ramps Up Their Solar Training Programs and Installation Teams to Keep Pace with PACE, the Country’s Newest Way to Pay for Solar PV
Murrieta, CA (PRWEB) July 12, 2012
Ambassador Energy, a Murrieta-based solar training and installation firm, is answering the call from consumers, who want to take advantage of low-interest solar financing, and from other solar companies who want to train their employees.
“We train a lot of solar professionals,” said Catherine Kelso, Ambassador Energy College’s Director of Training. “NABCEP [North American Board of Certified Energy Practitioners] is the gold standard for solar installers and sellers. We are accredited to teach and test for NABCEP EL and NABCEP Continuing Education. Locally, we are seeing an increase in interest from those already in the solar industry and from those wanting to get into it. I think that financing programs like HERO make a great impact in driving interest to our industry.”
“Consumers are equally interested,” said John Wilson, VP of Business Development for Ambassador Energy. “Property owners who have as little as 10% equity in their homes or commercial buildings now have an easy-qualifying way to finance solar. The program doesn’t rely on typical finance qualifiers like credit scores or debt-to-income ratios. All they look at is the customer having 10% equity and being current on property taxes and mortgage payments. In this economy, it’s really a terrific way to pay for solar, realize an income tax break and start saving on utility costs right away.”
Western Riverside County’s HERO program was recently listed as a “Top 10 Green Building Policies” program by the U.S. Green Building Council. In addition, it won the President’s Award for Excellence from the Southern California Association of Governments.
About Ambassador Energy
Ambassador Energy [AE] has a three-pronged business model, including Ambassador Energy College Solar Training, the Ambassador Energy Agency Program and Ambassador Energy, an EPC contractor. On staff are NABCEP Certified PV Installers, NABCEP Certified PV Technical Sales professionals [Fulgham/Kelso] and multiple NABCEP EL graduates. AE Agencies are nationwide. Ambassador Energy EPC installs PV systems throughout California.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.
Posted in Equities & Stocks | Tags: Ambassador, Countrys, Energy, Installation, Keep, Newest, Pace, Programs, Ramps, Solar, Teams, their, Training | 8 Comments »