Corporate actions are normally considered as incidental to the business of investing and marketing investments, but in fact they are highly relevant. The aim of this concise guide is to define what corporate actions are, list and describe the main corporate actions and show how individual corporate actions are applied to investors' holdings of securities. This will give an overview of the way in which the corporate actions processing function works both in the UK and other important global markets.The guide is designed to be an introduction to corporate actions for investment industry practitioners in general. Those starting out in corporate actions processing will find it a helpful outline, but it is also designed to be useful for all who encounter corporate actions tangentially in disciplines such as fund management or financial advice provision. Different industry participants have differing interests in corporate actions, and for the sake of consistency the guide is (mainly) written from the point of view of the beneficial owners of securities. The first section of the book deals exclusively with equity corporate actions, providing the definitions of a corporate action and the legal framework(s) underpinning corporate actions, followed by a look at the most significant actions one by one, and then a detailed examination of the staging of some of these. The corporate actions of debt securities are given separate treatment later in the book. Next the focus moves from the corporate actions themselves to the industry that has grown up to process them, covering respectively the corporate actions industry, its efficiency and its progress (recent and future). After that the author takes a look at the impact of successive corporate actions on one particular share and shareholdings in it. This is then followed by a look at the scope investors have for influencing such events through shareholder voting. The final chapter looks at how corporate actions are treated in the context of stock indices, stock charts and a number of more complex investments. Those who simply require a handy and straightforward introduction to specific corporate actions will find the quick guide to the content and the glossary of corporate actions terms especially useful. This guide provides a snapshot of the current state of affairs in the corporate actions industry, alongside some of the forces for change that are at work. The aim has been to provide sufficient detail to give the reader a working model that is helpful in navigating the corporate actions universe.

Corporate Actions - A Concise Guide: An Introduction to Securities Events

Business & Money

Groves, Francis

Economics

Harriman House Pub

Corporate actions have been sidelined for too long and deserve to be treated with more respect. No type of investment security can be fully understood without knowledge of its corporate actions. They have implications for the sustainability of an investment's performance but repeatedly more beguiling investment preoccupations put them into the shade. Together with bank clearing and exchange settlement systems, the administration of corporate actions is one of the key co-operative functions tying our highly competitive global finance industry together. In the financial markets of the developed world the efficiency and "risklessness" of corporate actions processing is entirely taken for granted. Yet the volume of complex corporate actions and a common sense estimate of the likelihood of mistakes occurring suggest that industry practitioners and investing clients may be deluding themselves. If knowledge of corporate actions brings us to fully understand the securities they relate to, some familiarity with corporate actions processing is important in gaining an insight into the workings of the securities industry as a system. With the exceptions of accountancy and financial regulation, no other activity involves as many kinds of investment industry participant as corporate actions processing.

Corporate Actions - A Concise Guide: An introduction to securities events

Harriman House

The progress of exchange traded funds (ETFs) in the 21st century has been impressive. They are being used more and more widely as an investment approach and the range of asset classes that they cover has reached the point where a diversified portfolio of investments can be built entirely of these products. As such, it is important for those involved in the finance industry to have a handle on exchange traded funds, either for their own investing or as an adviser to the investments of others. This new book looks at how ETFs are constructed, how they are regulated, the variety of asset classes they cover and some practicalities involved with investing in them. No look at ETFs would be complete without an examination of the indices that they track, and so a discussion of different equity index construction methods is included. There are also thoughts about the essentials to keep in mind when using ETFs to move into more advanced types of investment, such as commodities, fixed income and leveraged products. In a detailed chapter on the use of ETFs within an investment portfolio, special attention is paid to the potential investment concentration, currency exposure and liquidity issues that can arise when investing in exchange traded funds. There are also lists of all major and some of the smaller ETF providers in the appendices of the book. With ETFs being an increasingly important part of the investment spectrum, no one can afford to be without a working knowledge of how these products operate. 'Exchange Traded Funds' will give you a good introduction to this area.

Exchange Traded Funds: A Concise Guide to ETFs (Harriman Finance Essentials)

Investing

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Books by Groves, Francis

See the best price to sell, buy, or rent books by Groves, Francis. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Corporate Actions - A Concise Guide: An Introduction to Securities Events

Corporate Actions - A Concise Guide: An introduction to securities events

Exchange Traded Funds: A Concise Guide to ETFs (Harriman Finance Essentials)