Forget Bitcoin! I’d buy FTSE 250 tech stocks to get rich

first_imgForget Bitcoin! I’d buy FTSE 250 tech stocks to get rich Simply click below to discover how you can take advantage of this. See all posts by Rupert Hargreaves The recent FTSE 250 market crash may cause some investors to buy other assets, such as Bitcoin for its perceived defensive qualities.After all, the virtual currency has almost doubled since its March lows while the FTSE 250 has gained just over 25% in the same period.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…However, while Bitcoin might look like a great alternative to equities, the market has a long track record of recovery from even its most challenging periods. One sector, in particular, is charging ahead of the rest of the market.Bitcoin vs tech stocksBitcoin’s perceived defensive qualities look attractive compared to other assets in the coronavirus-ravaged economy. But the cryptocurrency appears to be a poor investment when compared to FTSE 250 tech stocks.Technology companies have been among the biggest winners of the coronavirus crisis. As economies around the world have been placed into lockdown, consumers have become increasingly reliant on technology to help with everyday tasks, such as shopping, meeting friends and completing work.The coronavirus crisis has forced many companies to change their working practices. And many businesses are now saying they will allow employees to work from home forever. This suggests that our relationship with technology has increased dramatically over the past few months and is unlikely to go back to the way it was before the virus struck.FTSE 250 opportunitiesAs such, technology companies that have been big winners over the past few weeks, are likely to see continued growing demand for their products and services over the next few years.For example, shares in FTSE 250 IT infrastructure solutions provider Softcat are up nearly 40% from their March low.Analysts are expecting the company to report high-single-digit earnings growth this year on the back of increased demand for its products and services.Other examples include security software business Avast, Computacenter and Electrocomponents.The significant advantage these FTSE 250 tech companies have over Bitcoin is the fact that they produce cash flows.Bitcoin is only worth as much as buyers and sellers are willing to pay for it. This makes it difficult to value. The price of the cryptocurrency will only increase if there are more buyers than sellers. Unless it continues to gain traction as a store of wealth, this may never happen.On the other hand, FTSE 250 companies produce cash flows. This makes them easier to value, and these cash flows should grow over the long term.Indeed, as the world becomes increasingly reliant on technology and technology solutions, it seems highly likely that earnings will continue to grow steadily for the foreseeable future.As these cash flows grow, company valuations should increase, pushing up the share price. That suggests investors should see steady returns over the long run.Bitcoin does not offer the same kind of long-term potential. Therefore, it may be best to avoid the cryptocurrency. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Rupert Hargreaves | Monday, 25th May, 2020 | More on: ^FTMC center_img Image source: Getty Images Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address Rupert Hargreaves owns no share mentioned. The Motley Fool UK has recommended Softcat. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shareslast_img read more

House in Nishi-eifuku / KIRI Architects

first_img 2017 Area:  77 m² Year Completion year of this architecture project “COPY” Keisuke Kiri House in Nishi-eifuku / KIRI Architects House in Nishi-eifuku / KIRI ArchitectsSave this projectSaveHouse in Nishi-eifuku / KIRI Architects Projects Manufacturers: AutoDesk, Grohe, Sanwa Company Architects: KIRI Architects Area Area of this architecture project Save this picture!© Anna Nagai+ 12Curated by Hana Abdel Share Japan BEANS Limited Year:  CopyHouses, Renovation•Japan ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Houses Lead Architects: ArchDaily “COPY” Contractor: Translator:Hideto ChijiwaCountry:JapanMore SpecsLess SpecsSave this picture!© Anna NagaiRecommended ProductsBathroom AccessorieshansgroheBath & Shower ThermostatsBathroom AccessoriesBradley Corporation USAWashroom AccessoriesEnclosures / Double Skin FacadesFranken-SchotterFacade System –  LINEAWoodSculptformTimber Click-on BattensText description provided by the architects. House renovation project within a residential district in Tokyo.As the ground-floor of the 2-storey two-family house remains occupied by Client mother’s residence, the scope of renovation was limited to the upper floor. The project manifests as a result of a simple approach of repetitive piercing of the existing building.Save this picture!© Anna NagaiSave this picture!PlanSave this picture!© Anna NagaiParting from its previous 3-bedroom apartment densely subdivided layout, by piercing the building – various openings of diverse proportion allow the space to be loosely connected as one.At certain places, vista of the street opens up past the entire the living quarter, while other places become sheltered by fragments of walls. Constant reassessment of depth can be felt as one moves through the space.Save this picture!© Anna NagaiBy removing the old ceiling and addition of a new skylight, stream of natural light reveals the new spatial framework of the walls.South-facing wall is completely replaced by timber-framed glass façade pushed out to the line of eaves – allowing natural light deep into the living space and creating an almost exterior-like engawa space by the window.Save this picture!© Anna NagaiNatural light here is a medium to further illuminate the chiaroscuro of various spatial depth created by the repetitive piercing of the building. Although connected, the informal familiarity of division is made possible within the complex layering of depth – a play to which we can imagine a scenery of the contemporary Save this picture!© Anna NagaiProject gallerySee allShow lessWater Conservancy Center / DnASelected ProjectsObservatory / Machado CostaSelected Projects Share Photographs:  Anna Nagai Manufacturers Brands with products used in this architecture project ShareFacebookTwitterPinterestWhatsappMailOr Clipboard Photographs CopyAbout this officeKIRI ArchitectsOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesRefurbishmentRenovationOn FacebookJapanPublished on June 18, 2020Cite: “House in Nishi-eifuku / KIRI Architects” 17 Jun 2020. ArchDaily. Accessed 10 Jun 2021. ISSN 0719-8884Browse the CatalogAluminium CompositesTechnowoodHow to Design a Façade with AluProfile Vertical ProfilesGlassMitrexSolar GreenhouseMetal PanelsAurubisOxidized Copper: Nordic BrownDoorsEGGERWood Laminate Doors in Molecular Plant Science InstituteStonesCosentinoSurfaces – Silestone® Nebula SeriesWall / Ceiling LightsLouis PoulsenLamp – LP RiplsWood Boards / HPL PanelsBruagRoom Dividers – Partition Wall MDFStonesNeolithSintered Stone – Mar del PlataWindowspanoramah!®ah! SecurityPanels / Prefabricated AssembliesULMA Architectural SolutionsMIS Facade PanelCarpetsFabromont AGTextile Floor Covering – Orbital® 07 COLORpunkt®LightsNorka lightingLuminaire – BelfastMore products »Save想阅读文章的中文版本吗?西永福之家,镂空屋顶的天窗 / KIRI建筑事务所是否翻译成中文现有为你所在地区特制的网站?想浏览ArchDaily中国吗?Take me there »✖You’ve started following your first account!Did you know?You’ll now receive updates based on what you follow! Personalize your stream and start following your favorite authors, offices and users.Go to my streamlast_img read more

Strong comeback effort not enough as women’s basketball falls to West Virginia, 79-65

first_imgColin Post Twitter Colin Post ReddIt Linkedin printGuard Lauren Heard recorded a career-high eight steals for TCU. Photo courtesy of GoFrogs.comAlthough they were able to cut a 24-point thirdquarter deficit down to six with just under three minutes left in the game, TCUwomen’s basketball was not able to finish the comeback, falling to WestVirginia 79-65 on Saturday in Morgantown.Down big courtesy of a three-point shooting barrage by the Mountaineers, the Horned Frogs moved to a full-court press late in the third quarter. The move would go on to force 17 second-half turnovers. Guard Lauren Heard led this comeback effort with eight steals of her own, which is the third-highest single game total in TCU program history.Heard also finished with 12 points and six assists.The 22 turnovers forced by TCU were a season-high,leading to 29 points for the Horned Frogs.The first half was all West Virginia, with the Mountaineers hitting five threes in the first quarter to put the Horned Frogs down 44-25 at the break.TCU continued to struggle in the third quarter,leading to their 24-point deficit with 3:18 left in the third quarter. On the offensive side of the ball, center Jordan Moore poured in 17 points for TCU on a perfect 8-8 shooting to help lead the comeback effort.In the end, West Virginia was able to hit several latethree-pointers, preventing TCU from completing the rally.The loss splits the season series between the two schools, as the Horned Frogs defeated the Mountaineers 62-48 on Jan. 2 in their Big 12 opener.Forward Amy Okonkwo added 15 points and eight reboundsfor TCU in the loss.“Congrats to West Virginia. I thought they came outreally ready to play,” head coach Raegan Pebley said.  “This was a great test for us, and we aregoing to be better for it.”The Horned Frogs will return home for a matchup with the Kansas State Wildcats at 5 p.m. on Saturday, Feb. 23. Colin Post Colin Post is a Sports Broadcasting and Journalism double-major from Houston, Texas. Along with sports writing, Colin hopes to work in sports announcing after he graduates. Facebook Facebook Taylor’s monster slam highlights big weekend for TCU Athletics TCU rowing program strengthens after facing COVID-19 setbacks Colin Post + posts First TCU spring game since 2018 gets fans primed for a highly-anticipated fall Another series win lands TCU Baseball in the top 5, earns Sikes conference award Colin Post Linkedin Previous articleWinchester looks to shift swim and dive program in new direction as postseason approachesNext articleNo. 16 baseball tops Virginia, No. 1 Vanderbilt, in MLB4 Tournament Colin Post RELATED ARTICLESMORE FROM AUTHOR Despite series loss, TCU proved they belong against No. 8 Texas Tech Twitter Another series win lands TCU Baseball in the top 5, earns Sikes conference award Guard Lauren Heard recorded a career-high eight steals for TCU. Photo courtesy of ReddIt TCU baseball finds their biggest fan just by saying hellolast_img read more

Open letter to the donor countries’ ambassadors regarding the situation of the media in Jaffna

first_img Sri Lanka: RSF signs joint statement on attacks against human rights defenders, lawyers and journalists to go further We look forward to hearing from you at your earliest convenience.Yours Sincerely, Members of the International Press Freedom and Freedom of Expression Mission to Sri LankaThose organisations associated with the International Mission include:ARTICLE 19FreeVoiceInternational Federation of Journalists (IFJ)International Media Support (IMS)International Press Institute (IPI)International News Safety Institute (INSI)Reporters Without Borders (RSF)South Asia Press Commission (SAPC)United Nations Educational, Scientific and Cultural Organization (UNESCO)World Association of Community Radio Broadcasters (AMARC)World Association of Newspapers (WAN)World Press Freedom Committee (WPFC) January 13, 2021 Find out more As you will be aware, access to information is a key element in ensuring stability, and the lack thereof may lead to exaggerated rumour replacing accountable journalism as the main source of news for the local population, thereby fuelling instability and violence. We respectfully call on you to do everything possible to enable the delivery of newsprint to Jaffna so that the city’s publications are able to carry out their vital activity of informing the public. In particular, we request that newsprint be included among the supplies carried into Jaffna. News Help by sharing this information Your Excellency,We are writing to express our serious concern at the acute shortage of newsprint and printing ink in Jaffna and the implications this has on the ability of people in that region of Sri Lanka to access the news. Organisation Sri Lanka: tamil reporter held on absurd terrorism charge 26 January 2007 July 29, 2020 Find out more We respectfully remind you that there are no radio or TV stations in Jaffna and the only way people in the region are able to get news is through newspapers. Newscenter_img Follow the news on Sri Lanka Sri Lanka: Journalist manhandled by notorious police inspector currently on trial Receive email alerts Reportedly there has been no road connection between Colombo and Jaffna since the main A9 road was closed last year due to heavy fighting. The commissioner for essential services has so far refused to load newsprint and ink onto the few ships carrying supplies to Jaffna. January 26, 2007 – Updated on January 20, 2016 Open letter to the donor countries’ ambassadors regarding the situation of the media in Jaffna Sri LankaAsia – Pacific RSF_en This has resulted in severe hardships for newspapers in Jaffna. According to our reports, all three newspapers in the city now print only four pages and print runs have also been drastically reduced. For example, Uthayan, Jaffna’s best-selling paper, used to print 12 pages and sell about 20,000 copies, whereas it now prints only 7,500 copies of four pages and will reportedly soon have to reduce further to just two pages. Uthayan may have to close in about one month if it does not receive supplies of newsprint and ink. Sri LankaAsia – Pacific News News July 15, 2020 Find out morelast_img read more

NORTH AMERICAN HOCKEY LEAGUE: Jackalopes win in overtime

first_img For the Odessa Jackalopes, third time was the charm. Playing in overtime for the third consecutive game, the Jackalopes were able to get the win as Alex Konovalov’s goal gave Odessa a 2-1 victory over Lone Star Thursday at Ector County Coliseum. Playing against the North American Hockey League South Division leaders, the Jackalopes moved to 5-5-2 for the season. The Brahmas fell to 13-3-1. The Jackalopes were coming off two consecutive losses to Shreveport last week, both in overtime. “I thought we came out with a lot of energy,” Odessa coach Jason Fortier said. “We had the puck in their zone for most of the third period. It was a pretty physical affair. It’s the way we want to play at home in front of our fans.” The Jackalopes finished with 31 shots total while the Brahmas had 24. “It was really special to get the win tonight,” Konovalov said. “The crowd was really buzzing tonight. It was great to see the guys come through. We showed a lot of resilience and courage.” Neither team could do much at the start of the game as the Jackalopes and the Brahmas were both held scoreless in the first period. The Jackalopes had numerous opportunities to score and nearly closed out the opening period with the lead but couldn’t get on the board and Odessa did manage to outshoot the Brahmas 17-6 in the first 20 minutes. The Jackalopes kept things pretty disciplined early in the game. Lone Star had two penalties in the first period while Odessa wouldn’t get penalized until seven minutes into the second period when Isaiah Huempfner was sent to the box for a holding. The Brahmas nearly scored on the power play but were denied as Odessa goalie Connor Hasley deflected the shot and kept the game leveled. The Jackalopes’ patience would eventually pay off when Lucas Coon scored with 2:27 left in the second period for a 1-0 lead with an assist by Ben Doherty. Odessa spent the first half of the third period by fending off several chances from Lone Star. As the final minutes continued tick away, the Jackalopes continued hang to their one-goal advantage even as the Brahmas kept up the pressure. It wasn’t until there were four minutes left in the game when Lone Star found its equalizer when Andrew DeCarlo scored with an assist from Stefan Miklakos and Mitchell Digby. The scored remained tied at 1-1 as the third period expired and both teams went into overtime. However, the Jackalopes came out firing in overtime and it wasn’t long until Konovalov’s goal came, scoring two minutes into the period. “I think we’ve had that in our last three overtimes,” Fortier said. “We had a penalty shot and our guys did a good job of being resilient. They still believe they can win games even when giving up leads in games.” WhatsApp Twitter SportsJackalopesLocal News Facebook Twitter NORTH AMERICAN HOCKEY LEAGUE: Jackalopes win in overtime Facebookcenter_img TAGS  WhatsApp By Digital AIM Web Support – December 17, 2020 Previous articleHIGH SCHOOL FOOTBALL: Castillo enjoys contributing to Permian’s rushing attackNext articleMedical Center Health System confirmed to receive 2,500 COVID-19 vaccine doses Digital AIM Web Support Pinterest Pinterestlast_img read more

Pioneer Museum to host ‘Splatterbeat!’ tonight

first_img Email the author Troy falls to No. 13 Clemson “We’ll have stations all around the amphitheater,” Greve said. “Each station will have trashcans with paint-filled lids. Those who want to drum will have an opportunity to star in their own ‘Splatterbeat!’ concert.”“‘Splatterbeat!’ is best described as exploding colors. It’s a unique experience for those who participate and for those who just sit back and enjoy the sights and sounds of “Splatterbeat!”The paint is water-based but Greve said those who plan to drum should wear old clothing, including shoes.“‘Splatterbeat!’ is very metropolitan,” she said. “It’s a chance for us to step out of our comfort zone and try something cool and cutting edge. Universities all across the country are having ‘Splatterbeat’ events. If attendance is good, then we will offer more events that attract a different demographic. We’ll see how this turns out.” By The Penny Hoarder Around the WebDoctor: Do This Immediately if You Have Diabetes (Watch)Health VideosIf You Have Ringing Ears Do This Immediately (Ends Tinnitus)Healthier LivingHave an Enlarged Prostate? Urologist Reveals: Do This Immediately (Watch)Healthier LivingWomen Only: Stretch This Muscle to Stop Bladder Leakage (Watch)Healthier LivingRemoving Moles & Skin Tags Has Never Been This EasyEssential HealthTop 4 Methods to Get Fortnite SkinsTCGThe content you see here is paid for by the advertiser or content provider whose link you click on, and is recommended to you by Revcontent. As the leading platform for native advertising and content recommendation, Revcontent uses interest based targeting to select content that we think will be of particular interest to you. We encourage you to view your opt out options in Revcontent’s Privacy PolicyWant your content to appear on sites like this?Increase Your Engagement Now!Want to report this publisher’s content as misinformation?Submit a ReportGot it, thanks!Remove Content Link?Please choose a reason below:Fake NewsMisleadingNot InterestedOffensiveRepetitiveSubmitCancel Skip Sponsored Content Book Nook to reopen Latest Stories Published 6:53 am Thursday, March 8, 2012 Remember America’s heroes on Memorial Day You Might Like Thumbs up Local teen safe driving advocates sponsor event to make highway safety number one for teens. (Photo Illustration/Thomas Graning) New thumb… read more Tickets for “Splatterbeat!” are $10 and may be purchased at the gate. The color explosion will get underway at 7 p.m. tonight at the museum’s amphitheater.Glow in the dark concessions including bracelets and necklaces will be on sale. Pike County Sheriff’s Office offering community child ID kits By Jaine Treadwell “Splatterbeat!” is a glow-in-the-dark, paint drumming and rainbow laser light experience and it’s happening at the Pioneer Museum of Alabama’s amphitheater tonight.Rachael Greve, museum director, said “Splatterbeat!” is a movement that is sweeping the nation and the museum staff is excited to bring this unique super sensory, messy fun experience to Pike County.’Drummers from the Troy University percussion ensemble will splatter UV attractive paint on themselves and anything else around as they drum giant metal trashcans. Penny Hoarder Issues “Urgent” Alert: 6 Companies Are… Plans underway for historic Pike County celebration Pioneer Museum to host ‘Splatterbeat!’ tonight Print Article “The lids of the trashcans will be filled with glow-in-the-dark paint,” Greve said. “Every time a drummer strikes the lid, the paint will splatter everywhere.“While the drummers are drumming, a laser show will be going on behind them and it will mimic the beat of the music. It will be a dazzling show of color.”After the drummer’s “Splatterbeat” concert, the audience will be invited to march to the beat of their own drums.last_img read more

Are HR and IT friends or foes?

first_img Previous Article Next Article Related posts:No related photos. Are HR and IT friends or foes?On 20 Aug 2002 in Personnel Today Linda Cooper, director of consulting with, argues that alittle communication between HR and IT could go a long way HR and IT departments have a lot in common. Both are appreciated by theboard as essential to the organisation, and both are likely to be in the firingline when things go wrong. They will also seldom receive praise when things goright. With these parallels you may expect HR and IT to be brothers in arms, yetnothing could be further fromthe truth. IT people may perceive the HR department as an administration factory,contributing little to their own needs except an improved ability atform-filling. At the same time HR people view the IT function as unhelpful. The IT teammay resist devoting time and resources to developing technology to supportconstantly changing HR processes when they can work on a more interesting andglamorous finance system that will catch the attention of the board. If both departments spent some time discovering where and how effectivecollaboration could add value to the organisation however, both would be morepopular with the frontline business functions. The real task of the HR department is not routine administration, but tofacilitate strategies and processes that align personal and corporateperformance and drive performance standards up. But however elegant the designof processes, the implementation is invariably stalled if it is paper-based.Often beset by bureaucracy, real leverage is lost, given the impossibility ofgetting good management information back to the top and centre quickly. However, the IT people are probably right to resist building bespoke systemsto support changing HR processes. Their role in this case is to provideinvaluable intelligence by identifying and recommending outsourced HR systemssuppliers. For example, 360-degree assessment is widely seen as a key process forfacilitating personal change but is still not widely implemented because HR andIT have not understood how to collaborate. Conventional data collection methodscreate expense and bureaucracy that is usually seen out of proportion with thesustainable value it delivers to the business. Were HR to explain its needs to IT, it could rapidly identify three or fourhigh-quality external suppliers of ‘state of the art’ web-based 360-degreefeedback technology with no need for any server installation or any furthersupport by the IT function. Web technology now provides universally available,low-cost delivery mechanisms for assessment applications that massively reducethe administrative burden of the process and provides high-quality, real-timemanagement information. HR adds value by designing high quality processes; IT by facilitating thetechnology support. By becoming allies, HR and IT can start delivering realadded value to the business. Linda Cooper is director of consulting services at Comments are closed. last_img read more

Where do you start with health and safety

first_img Comments are closed. Related posts:No related photos. Previous Article Next Article Where do you start with health and safetyOn 1 Apr 2003 in Personnel Today This is the question many companies, especially small businesses, askthemselves and a question that IOSH is always trying to answer. In October2001, IOSH attempted to provide some help on the subject with the launch of the‘Safe start up’ website, which can be found at Safestartup aimed to provide essential guidance for small businesses to helpthem understand and meet their health and safety obligations. The originalsite, which was discussed in the November 2001 ‘IOSH Update’, is now undergoinga refurbishment and the second version will be available by the end of October2003. The site, presented by IOSH and sponsored by Norwich Union Insurance, issupported by HSE and the Small Business Service and includes information on,and links to, the relevant bodies and organisations in England, Scotland,Wales, Northern Ireland and Eire. In addition, it will also provide guidance onjob/industry/sector-specific hazards and controls. A limited version two will be on show for delegates, later this month, atthe IOSH 2003 Annual Conference and Exhibition. Visit the IOSH stand at the Scottish Exhibition &Conference Centre,Glasgow, from 23-24 April, where the advantages of the new version will bedemonstrated. If you can’t make the conference, just connect to andlet Alex, the friendly website guide, lead you through it. last_img read more

Suffolk OK’d for Nemo Disaster Aid

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York President Barack Obama has authorized a disaster declaration that will help New York State pay for cleaning up Suffolk County after the blizzard that dumped nearly three feet of snow in February.The declaration makes Suffolk eligible for assistance from Federal Emergency Management Agency. The county and the state will also be eligible for federal assistance with the cost of snow removal on eastern Long Island.“Suffolk County bore the worst of the storm’s impact on New York,” said U.S. Sen. Kirsten Gillibrand, who co-wrote a request to the president with U.S. Sen. Charles Schumer. “Residents throughout Suffolk County and New York should not be left shouldering all of these costs alone.”The Feb. 8 snowstorm forced scores of drivers to abandon their vehicles on roadways including the Long Island Expressway, which was closed for days while hundreds of snowplows were brought in from upstate to clear the way.Countless other roads were also forced closed by the powerful nor’easter, dubbed Winter Storm Nemo, which brought the highest accumulations in the Town of Brookhaven, where residents were most critical of the municipalities response.last_img read more

Swedish parliament approves buffer fund investment freedoms bill

first_imgThe legislation allows the four funds to put more capital into illiquid or alternative investments than they were previously permitted, and reduced the minimum portfolio allocation they must have to interest-bearing securities to 20% from 30%.It also removed the current requirement for the funds to use external managers for a proportion of their assets.In addition, the law introduces the objective for the funds to manage pensions assets in a way that contributes to sustainable development.The plan to liberalise the funds’ investment rules has been under discussion for several years in various shapes, also forming part of the proposals aired in the wide-ranging buffer fund reform that was ultimately shelved three years ago.The new rules will take effect on 1 January 2019, according to information from the Swedish parliament.Members of the Riksdag from nearly all of Sweden’s many elected political parties voted in favour of the bill; the socialist Left Party (Vänsterpartiet) did not. Sweden’s main buffer funds for the state pension system have obtained legislative approval for their revised mandate, which will open the gate for them to invest more in illiquid and alternative assets.The Swedish parliament (Riksdagen) on Wednesday voted overwhelmingly to pass the bill placed before them, which changes the investment rules for AP1, AP2, AP3 and AP4.Ossian Ekdahl, acting head of communication at AP1, said the Stockholm-based pension fund was pleased that the AP-funds Act had now been changed.“It is good for both current and future Swedish pensioners,” he said, but declined to comment on how, and if, this would change AP1’s portfolio.last_img read more