October Investment Exchange Forum; Members Only, Limited Space
Moderators: Nick Detchev - Segall Bryant & Hamill, Fixed Income Analyst Adam Fleck, CFA - Morningstar, Associate Director of Research for the industrials team
Date, Time, and Location:
Fri., Oct. 19, 2012
Noon - 1:30pm
(Note: Space is limited; you must register to participate)
CFA Society of Chicago - 134 N. LaSalle St., Ste. 1740
Topic: High-Yield Investments
The search for yield has been a common topic for many investment circles in the past couple of years as central banks attempt to stimulate growth with low funding costs. Pension funds, corporations, and retail investors all look for investments that will bring them stable returns, even in a slow growing economy. This search can often times lead investors to take on more risk or, in the case of fixed income, increase the maturity of investments. Both options are not without risk in a historically low interest rate environment.
Barrons recently discussed the danger of high premiums over net asset value in closed-end funds, as some investors have pushed premiums to north of 60% over net asset value in order to grab 10% yields. Many high quality domestic equities have seen dividend increases in 2012 as record levels of corporate cash and profits have caused investors to demand a higher return of capital. Equities and fixed income investments are not without their market risk. There are fewer and fewer options available for investors to earn high yields without taking on a an unreasonable level of risk.
Join us on Oct. 19, 2012 as we discuss attractive yield investment opportunities.
The Investment Exchange Forum is a stock-picking meeting of 10-15 CFA Chicago members. Each meeting features actionable ideas by presenting volunteers and a lively discussion of the topic at hand. The IEF is both an opportunity to learn how others present investment ideas concisely and a chance to practice stock pitches. In order to keep the quality of the stock picks as high as possible, we encourage attendance by members who are actively involved in investment management.
Attendees are strongly encouraged to bring actionable ideas to the forum for presentation.
Attendance will be limited to 15 members - first-come, first-served. Please remember to bring your own lunch.
Members - Free
Limited to 15 members
Noon - 1:30pm: Discussion and Brown Bag Lunch
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