Total debt per capita with this new issue is low at about $200 and is expected to remain low over the intermediate horizon
The intermediate horizon
built into PensionManager is valuable because it helps us gauge how well we can meet our future liabilities.
The company holds favorable positions in key markets such as Japan and Europe that, although in the early stages of disintermediation, hold significant promise over the intermediate horizon
Over an intermediate horizon
, the company expects to build client assets under management in order to reduce the reliance on transactional investment banking activities.
Part of the MTM group, BNY Mellon Beta Management, facilitates rebalancing programs and synthetic asset class exposure through the use of futures, swaps, index funds, and exchange-traded funds (ETFs), and can serve as a low-cost passive manager similar to an indexer over intermediate horizons
They also find that this variable is a better forecaster of future returns at short and intermediate horizons
than is the dividend yield, the earnings yield, the dividend payout ratio, and several other popular forecasting variables.
Recent studies have explored the ability of spreads between long and short yields to forecast subsequent movements in interest rates, and have found that spreads do forecast interest rate movements over short horizons up to about three months, and over long horizons beyond about two years, but do not forecast interest rate movements at intermediate horizons