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Et ofte sitert investere ordtaket er å unngå nytte aksjer i tider med stigende renter. Det er fordi høytytende verdipapirer som verktøy brukes ofte som inntekter generatorer når obligasjonsrentene er lav. Når gir begynner å stige, gjøre mange investorer overgangen fra aksjer til obligasjoner. Men kan dette ikke alltid være klok.

Det er rimelig å bli wary av nytte aksjer som American Electric Power (NYSE: AEP), Consolidated Edison (NYSE: ED), og Duke Energy (NYSE: DUK) fordi deres aksjekursene languished i fjor mens det bredere markedet brølte høyere. Og siden deres kapital strukturer er sterkt avhengig av gjeldsfinansiering, stigende renter kan gjøre det vanskelig å refinansiere sine gjeld til håndterbare kostnader fremover.

Det er sant at investorer på jakt etter outsized salgsgevinster midt i en fullverdig oksen markedet bør se andre steder. Men fra en inntekt perspektiv, som er trolig den viktigste årsaken til kjøpe hjelpemidler i utgangspunktet, du bør ikke bli motløs. Fett utbytte gir disse verktøyene tilbyr er ikke i fare når renten øker, grunnleggende grunn som sine virksomheter er sterk.

Husk at nytte aksjer ikke obligasjoner

Det er sant at nytte aksjer synes å handle som obligasjoner, noen ganger. I perioder med rasende oksen markeder, vil verktøy ofte under-utføre. Dette gjelder særlig hvis et bull marked sammenfaller med stigende renter.

Derfor nytte aksjer effektivt satt ut det bredere marked rallyet i 2013. Mens S & P 500 indeksen steg nesten 30% inkludert utbytte i fjor, verktøyet sektoren under spilte. Det er imidlertid viktig å vite at fra et rent inntekter perspektiv, nytte aksjer visste nøyaktig hva de alltid gjøre. De holdt betaler sine heftig utbytte, og mange faktisk hevet deres utbytte i fjor selv om renter steg.

Det er den grunnleggende forskjellen mellom obligasjoner og aksjer. Obligasjoner er en fast inntekt sikkerhet, som betyr deres renteutgifter angis kontraktsmessig. Derimot, er betaler utbytte aksjer som verktøy pass-through enheter. Deres fortjeneste og utbytte fortsatt har potensiale til å gå opp, selv om renten øker.

Resultat og utbytte fortsatt i riktig retning

American Electric Power vokste driftsresultat av 4,5% i fjor, og både American Electric Power og Duke Energy guide sine investorer å forvente langsiktig inntjeningsvekst på mellom 4-6% årlig. I 2013 justert Duke Energy og konsolidert Edison postet inntjeningsvekst på ca 1% og 1,3%, henholdsvis.

I denne forbindelse, kan stigende renter ikke være en dårlig ting fra et grunnleggende perspektiv. Stigende priser er ofte symptomatisk for bedret økonomi, som lover godt for aksjer mer generelt. Verktøy vil nytte økt økonomisk vekst i USA, som det ville la åpne muligheten for større renteøkninger og overføring vekst. Faktisk i deres siste investorpresentasjoner sitere American Electric Power og Duke Energy spesifikt økt økonomisk vekst som en grunnleggende driver av deres langsiktige inntjening vekstmål.

Lav til middels ensifret inntjeningsvekst ikke svært imponerende med noen midler, men for å være rettferdig, vekst er fortsatt vekst. Og inntjeningsvekst vil oversette til utbytte vekst, som er hva skiller aksjer fra rentepapirer. Hver av disse tre nytte aksjer økt sine utbytte i fjor. Faktisk, økt American Electric Power sin utbetaling to ganger.

Det tåpelige takeaway

Mens nytte aksjer kan handle som obligasjoner når renten stiger og se deres aksje priser under-utføre under brølende markeder, skal et skille gjøres mellom nytte aksjer og rentepapirer. Obligasjoner er kontraktsmessige forpliktelser med et sett rentebetaling, mens bestandene er pass-through verdipapirer. Det er viktig å huske at aksjer, inkludert verktøy, nytte bedret økonomi.

Det er sant at nytte aksjer kan telles på for stor salgsgevinster, spesielt når renten går. Men fra en inntekt perspektiv, som er antagelig hvorfor de fleste investorer kjøpe hjelpemidler i første omgang, det er liten grunn til bekymring. American Electric, Duke og konsolidert Edison skal se fortjeneste stige når økonomien bedres, som vil tillate fremtidige utbytte øker også.

De kan ikke være obligasjoner heller, men disse 9 selskapene er høy yielders

En av skitne hemmeligheter som få finansmedarbeidere åpent innrømme er det faktum at aksjer som gruppe handily overgår deres ikke-utbytte betalende brødre. Årsakene til dette er for mange å liste her, men du kan være trygg på at det er sant. Men å vite dette er bare halve kampen. Den andre halvparten er å identifisere hvilke aksjer spesielt er best. Med dette i bakhodet satt våre beste analytikerne sammen en gratis liste over ni høytytende aksjer som bør være i hver inntekt investor portefølje. Hvis du vil vite identiteten til bestandene kjapt og helt gratis, alt du trenger å gjøre er Klikk her nå.

Bob Ciura har ingen i alle aksjer nevnt. Motley Fool har ikke i noen av de nevnte. Prøv noen av våre tåpelig nyhetsbrev tjenester gratis i 30 dager. Vi lurer kanskje ikke alle holde samme meninger, men vi tror at vurderer en rekke innsikt gjør oss bedre investorer. Motley Fool har en opplysningspraksis personvern.

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The government will begin full-fledged work to compile measures to safeguard energy supply bases, aimed at minimizing the impact of large-scale disasters on economic activities.

The measures will be designed to cope with possible damage in the event of such predicted disasters as a massive Nankai Trough earthquake and a quake directly hitting the Tokyo metropolitan area.

In the three years since the Great East Japan Earthquake in March 2011, it has become an urgent task to strengthen energy supply bases, especially electric power plants and oil refineries, which are concentrated along the Pacific coast.

On Friday, Hisayoshi Ando, director general of the Kanto Bureau of Economy, Trade and Industry, said, “If an earthquake occurs in the Nankai Trough or directly hits the Tokyo metropolitan area, the impact around the nation will be immense.”

Ando made the remark at a discussion forum held in Tokyo on strengthening energy supply bases in the Kanto region, sponsored by The Yomiuri Shimbun.

Seismological experts have estimated about a 70 percent chance of a quake of magnitude 8 to 9 with an epicenter along the Nankai Trough occurring within 30 years.

Experts have also predicted a 70 percent likelihood of a huge quake directly hitting the Tokyo metropolitan area.

In addition to the human cost, up to about ¥220 trillion in economic damage is predicted to occur in the Nankai Trough quake, as well as up to about ¥95 trillion in a quake directly hitting the Tokyo metropolitan area.

The predicted earthquakes will also inflict direct damage on facilities linked to the energy supply. In industrial zones located along the Pacific coast, including the Pacific Belt stretching from the southern Kanto region down to the Kyushu region, 79 percent of the nation’s oil refineries producing gasoline and other petroleum products are concentrated.

In addition, the zone covers 86 percent of the terminals for liquefied natural gas, a substance used to produce city gas, 84 percent of thermal power plants using LNG as fuel and 60 percent of thermal power plants using petroleum as fuel.

If the supply of electricity, natural gas, gasoline and other energy resources is disrupted, telecommunication channels such as telephones and the Internet, will be affected. Railways and other transportation systems will be paralyzed.

Medical services for those who are injured will also be crippled. The negative impact of suspended operations of manufacturing plants and others on the Japanese economy will be immeasurable.

Therefore, the government is considering such measures as moving inland those thermal power plants and other energy supply bases concentrated along the Pacific coast or increasing the number of such facilities in the Sea of Japan coastal areas.

Kobe Steel Ltd. is implementing a plan to build a thermal power plant at an inland site. Executive Vice President Hiroaki Fujiwara said, “If the government shortens the period needed for environmental assessments, it will be easier for our corporation to make decisions.”

In the wake of the Great East Japan Earthquake, Tokyo Electric Power Co. and Tohoku Electric Power Co. had to conduct rotating blackouts in their respective service areas. Because eastern and western Japan use different power frequencies, the electrical power that could be supplied from power companies in western Japan was limited.

Another task is building systems in which energy is supplied from areas not at risk of being damaged in a disaster.

The government is implementing a plan to increase facilities for converting power frequencies so that the maximum electric power volume that can be shared between eastern and western Japan will be raised from the current 900,000 kilowatts to 2.1 million kilowatts.

Reactivation of reactors at nuclear power plants located along the Sea of Japan will also contribute to securing electric power.

As there are no pipelines allowing major cities to share city gas, it is essential to create such a system.

However, fortifying energy supply bases and diversifying their locations will be extremely expensive. As early as May, the government will compile a national resilience basic plan.

It is an urgent task to compile and implement practical plans and measures on how to secure energy supply in the event of a disaster.

“To prepare for a huge disaster that could occur at any time, we must urgently strengthen our energy supply bases,” said Prof. Akira Morita of Gakushuin University’s Faculty of Law, a crisis management expert. “But preparing for disasters creates a heavy burden for private companies. The government should present a broad vision of the national resilience plan and consider financial assistance depending on the situation. Amid tight fiscal conditions, obtaining the public’s understanding is essential. The public and private sectors need to join forces in advancing such efforts.”

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U.S. stocks declined with emerging-market equities while base metals drove commodities lower as an unexpected drop in Chinese exports fueled concern that growth in the world’s second-largest economy is moderating.

The Standard & Poor’s 500 Index (SPX) fell less than 0.1 percent from a record close, while the Dow Jones Industrial Average lost 0.2 percent. The MSCI Emerging Markets Index was down 1.2 percent by 4:52 p.m. in New York, the steepest drop in a week. China’s CSI 300 Index fell to a five-year low. Copper posted its biggest two-day drop in 28 months, while lead and zinc also retreated. Corn prices sank the most in three months while 10-year U.S. Treasuries rose for the first time in five days.

China’s exports dropped the most since 2009 in February, underlining the challenge faced by the government in achieving the 2014 growth target of 7.5 percent with lawmakers meeting in Beijing on economic policy. Japan’s economy grew less than estimated in the fourth quarter and the current-account deficit widened to a record in January. In Crimea, Ukraine began army drills as Russia’s Foreign Ministry warned of “lawlessness” in the former Soviet republic’s eastern provinces.

“We’re just waiting to see what goes on overseas with geopolitical situations and developments,” Stephen Carl, principal and head equity trader at New York-based Williams Capital Group LP, said by phone. “We need to keep an eye on overseas because we’re still waiting on a concise agreement in the Ukraine, but markets, as we saw last week, continue to grind higher despite that.”

Market Anniversary

The S&P 500 has surged more than 177 percent since falling to a bear-market low, reached five years ago as of yesterday. The measure rose 1 percent last week, buoyed by improving U.S. hiring and manufacturing data. The S&P 500’s valuation rose to almost 16 times member companies’ projected earnings, the most expensive level of the year.

Industrial stocks paced declines today among U.S. equities. Boeing Co. dropped 1.3 percent after a 777-200 plane disappeared with 239 passengers and crew during a Malaysia Airline System Bhd flight to Beijing March 8. Cliffs Natural Resources Inc. slid 3.8 percent and Freeport-McMoRan Copper & Gold Inc. lost 2.5 percent, among the biggest declines in the S&P 500.

Chiquita Brands International Inc. soared 11 percent after the owner of the namesake banana label agreed to buy Dublin-based Fyffes Plc in an all-stock transaction that values Fyffes at about $526 million.

China Trade

China’s overseas shipments plunged 18.1 percent in February, customs data showed March 8. Economists surveyed by Bloomberg predicted exports would rise by 7.5 percent. Premier Li Keqiang announced this year’s economic-growth goal at the opening of the annual meeting of the National People’s Congress in the capital last week, a target unchanged from last year.

“China is moderating but only very modestly,” Donna Kwok, a Hong Kong-based senior China economist at UBS AG, said in a Bloomberg TV interview. “Ultimately you need to wait for March data to really get a true sense of the underlying outlook. The PBOC is very consciously guiding the recent volatility. We see the default as a risk, as a shift in investors’ mindset.”

The Shanghai Composite Index (SHCOMP) fell 2.9 percent, the most since June and the lowest close since Jan. 20, to pace losses in emerging-market indexes. The Hang Seng China Enterprises Index of mainland companies listed in Hong Kong slid 1.8 percent to a one-month low.

Commodities Slump

Malaysian Airline System fell 4 percent in Kuala Lumpur after the disappearance of its jet.

Brazil’s Ibovespa fell 1.5 percent to the lowest level since July as commodity exporters including iron-ore producer Vale SA tumbled. China is Brazil’s largest trading partner.

The S&P GSCI Index of commodities slid 1 percent. Copper futures dropped 1.7 percent in New York after touched the lowest level since June. The metal has fallen 5.8 percent in the past two sessions, the biggest two-day slump since October 2011. Lead retreated 0.6 percent and zinc fell 0.8 percent. China is the world’s largest consumer of industrial metals.

Gold for April delivery rose 0.2 percent to settle at $1,341.50 an ounce in New York, trading near a four-month high. West Texas Intermediate crude oil fell 1.4 percent to settle at $101.12 a barrel.

Corn futures for May delivery fell 2.2 percent to close at $4.7825 a bushel on the Chicago Board of Trade, the biggest drop for a most-active contract since Nov. 18.

Soybean Futures

The U.S. Department of Agriculture raised its outlook for world corn inventories before the 2014 Northern Hemisphere harvests by 0.7 percent to 158.47 million metric tons, topping analyst estimates.

Soybean futures for May delivery fell 2.7 percent to $14.1875 a bushel, the biggest decline since Jan. 21. Futures have climbed 9.8 percent this year.

The MSCI All-Country World Index dropped 0.4 percent today after completing a fifth weekly gain, the longest run of weekly advances since August.

Investors are also watching developments in Ukraine. The country’s armed forces are testing the combat-readiness of troops, the Defense Ministry said today on its website, reiterating the government’s desire for a peaceful end to the standoff in Crimea.

Russia has vowed to defend the ethnic Russians that dominate the Black Sea region. Crimea’s local government may use a March 16 referendum to leave Ukraine and join Russia.

European Stocks

The Stoxx Europe 600 Index fell 0.5 percent after posting its first weekly decline since January. Rio Tinto Group, the world’s second-largest mining company, fell 1.9 percent in London and BHP Billiton Plc lost 1.4 percent. A gauge of mining stocks in the Stoxx 600 decreased 2.2 percent for the biggest decline among 19 industry groups.

Iliad SA (ILD) surged 11 percent after Bouygues SA (EN) said it is in talks to sell some of its mobile-phone assets to the operator of the Free brand. Bouygues jumped 8.7 percent.

The Australian dollar depreciated 0.5 percent to 90.19 U.S. cents after advancing to 91.33 cents March 7, the strongest level since Dec. 11.

The People’s Bank of China weakened the yuan’s reference rate by 0.18 percent. The currency declined 0.2 percent to 6.1385 per dollar, according to China Foreign Exchange Trade System prices.

Spanish 10-year bonds advanced, pushing the yield six basis points lower to 3.30 percent, the least since January 2006. The yield on similar-maturity Portuguese securities tumbled for a fifth day to 4.45 percent.

Taper Pace

Yields on U.S. 10-year Treasuries fell one basis point to 2.78 percent, the first decline in five days. Economists projected U.S. payrolls would rise by 149,000 last month, with the bigger-than-expected 175,000-worker increase in data March 7 indicating the economy is starting to bounce back from frigid winter weather.

Federal Reserve Bank of Philadelphia President Charles Plosser, who votes on policy this year, said recent encouraging economic reports aren’t enough to change the pace of reductions in the central bank’s monthly bond purchases.

“The hurdle rate for change is pretty high in either direction,” Plosser said in a Bloomberg TV interview with Manus Cranny in Paris, referring to the Fed’s tapering of its stimulus program.

Fed Bank of Chicago President Charles Evans said in a speech today that he expects the U.S. economy to expand at a rate of 2.5 percent to 3 percent in 2014. Fed Chair Janet Yellen said last month the economy is robust enough to withstand measured cuts to monetary stimulus.

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Asian stocks slipped in early trade on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk appetite in check.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS lost 0.2 percent, and Australian shares .AXJO shed 0.5 percent.

U.S. stock futures fell 0.2 percent from their record closing high on Friday.

The euro remained near recent highs, with bulls still heartened by the European Central Bank's reluctance last week to take further policy action.

Investors greeted the new week in Asia on a cautious note after data released on Saturday showed China's exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy.

The soft Chinese data put a damper on risk sentiment, which had been temporarily boosted by stronger than expected U.S. nonfarm payrolls released on Friday showing employers had added 175,000 jobs to their payrolls last month, up from 129,000 new positions in January.

"While non-farm payrolls surprised significantly to the upside on Friday, disappointing China data, escalating Russia/Ukraine concerns and the missing Malaysian aircraft have all contributed to a somber mood," IG market strategist Stan Shamu wrote in a note to clients.

Russian forces tightened their grip on Crimea by seizing another border post and a military airfield, fanning tensions ahead of a planned Moscow-backed referendum on Sunday on whether the Black Sea peninsula should join Russia.

Diplomatic efforts to cool the crisis in Ukraine calmed markets toward the end of last week, but rising tensions over Russia's intervention in Crimea have kept investors on edge.

Meanwhile, a Malaysia Airlines flight with 239 people on board vanished enroute to Beijing from Kuala Lumpur in the early hours of Saturday.

The U.S. dollar index .DXY, a composite of six currency pairs dipped 0.1 percent to 79.682 after touching a high of 79.847 on Friday after the U.S. jobs data.

Against the safe haven yen the dollar stood at 103.235, pulling away from a six-week high of 103.77 hit on Friday.

The euro traded at $1.3880, within striking distance of a 2-1/2 year peak of $1.3915 reached on Friday.

The Australian dollar, usually used as a liquid proxy for China plays, fell in the wake of the soft Chinese data. It dropped to $0.9060 from $0.9065 late on Friday.

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As the third anniversary of the Fukushima disaster nears, tens of thousands rallied in the country’s capital Sunday to protest against the nuclear industry and speak out against the government’s plans to resume nuke energy production to power the economy.

"I felt it's important that we continue to raise our voice whenever possible," Yasuro Kawai, a 66-year-old businessman from Chiba prefecture, east of Tokyo, told AFP.

"Today, there is no electricity flowing in Japan that is made at nuclear plants. If we continue this zero nuclear status and if we make efforts to promote renewable energy and invest in energy saving technology, I think it's possible to live without nuclear," Kawai added.

Protesters gathered in Hibiya Park, located close to government buildings, and marched around the national parliament.

Musicians performed using electricity generated by solar panels to help get the demonstrators’ message be heard.

Composer Ryuichi Sakamoto, who played music he wrote in 2011 to mourn the victims, said “the Fukushima incident continues today.” Over 1,600 residents of the stricken area died due to complications related to stress and other disaster-related illnesses, AFP reported.

On March 11, Japan will mark the grim anniversary of the deadly 9.0-magnitude earthquake that hit the country’s north, causing a huge tsunami that swept the northern Pacific coastline in 2011. Over 15,800 people were killed in the disaster and 2,636 remain missing.

The tsunami also triggered the failure of Fukushima nuclear plant’s cooling systems, which in turn led to meltdowns and leaks of radioactive material in the region. Engineers say it will take about 40 years to dismantle the crippled reactors.

Fukushima’s clean-up has been going through hard times throughout the past three years. In the latest incident, just over a week ago, the clean-up system’s alarm went off to alert that one of the cleaning pumps had stopped working.

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(Reuters) - Europe's and Asia's industrial health will be closely watched in the coming week for an indication of how solid - or weak - a footing the global economy was on at the start of the year.

With China's leaders seeking to rebalance the world's industrial powerhouse more toward consumer spending, and with bad weather distorting most United States data since the start of the year, some clarity would be helpful.

After private sector business surveys suggesting services activity around the world is on the up, investors and policymakers will shift their focus to industrial production figures for the euro zone, Britain, Japan and China.

Industrial output growth in China, the world's second largest economy, is likely to have slowed further in January from 9.7 percent in December, hurt by weaker local and foreign demand.

Economists in a Reuters poll forecast a decline to a 9.5 percent annual pace, which is still strong and would not yet show the kind of rebalancing policymakers are looking for. Those figures are due on Thursday.

"China's export growth is likely to have softened in February after the surge in January due to the front-loading of exports before the Lunar New Year," said David Mann at Standard Chartered.

Beijing says it is aiming for economic growth of about 7.5 percent this year, compared with last year's actual expansion of 7.7 percent, as it seeks to revamp a maturing economy and move it towards slower but better-quality growth.

Germany, whose export-driven economy has been the driving force behind the 18-member euro zone's very slow recovery from recession, will also publish trade data this week.

"Last year, the German trade engine spluttered, already suffering from weaker demand from some emerging economies," said James Knightley, senior economist at ING.

"Ongoing problems in emerging markets combined with the winter weather in the United States could make the German export soft patch last longer than expected."

Selling more goods to a swelling global consumer base in Asia and elsewhere may be just the mix required. But as long as unemployment in the bloc remains high, there is little prospect for a strong rebound in euro zone consumer spending.

Industrial production figures for the euro area are expected to show a healthy rebound in January from December's 0.7 percent decline, according to the latest Reuters poll.

The main Markit Purchasing Managers' Index rose to its highest in more than 2-1/2 years last month, which may help explain why the European Central Bank decided to leave policy unchanged at its March meeting and signal it is content to wait and see.

After the ECB appeared to rule out any middle-of-the road options, hinting the bank would either do nothing or else take bold policy action should the outlook deteriorate, there are a host of its policymakers speaking during the week, possibly offering further guidance.

In the United States, where jobs growth was better than expected in February, there is much more certainty about the trajectory of monetary policy.

For the Federal Reserve to alter the pace at which it is winding down its massive bond-buying program - 10 billion dollars per month - the U.S. economic outlook would have to change dramatically, top Fed officials said last week.

One, Atlanta Fed President Dennis Lockhart, told Reuters in an interview that even a third month of below-par U.S. jobs growth would not be enough to warrant such a move.

After employers added 175,000 jobs to their payrolls last month, having already created 129,000 new positions in December, any talk of a change will have been muted.

If anything, U.S retail sales data due on Thursday are expected to show a return to growth in February after unseasonably cold weather took its toll the month before.

That could solidify expectations that the Fed will wind down its bond purchase programme by the end of this year and consider raising interest rates some time in 2015.

Japan will announce revisions to its fourth quarter GDP data on Monday - something it is prone to do heavily. Tokyo said last month the economy expanded 0.3 percent in the fourth quarter, well below the median estimate of 0.7 percent.

The disappointing data poses a challenge to Japanese policymakers as unprecedented stimulus efforts have showed few signs of sparking momentum in consumption and exports. Inflation also remains dangerously low there.

Central banks in Korea, Indonesia and Thailand all meet this week, and are expected to leave policy unchanged.

Thai consumer confidence tumbled to a 12-year low in February, highlighting the toll that prolonged political unrest, now in its fifth month, is taking on Southeast Asia's second-biggest economy.

But the Reserve Bank of New Zealand, well ahead of most developed nations, is nearly certain to lead the way with a rate hike at its policy review to choke off growing inflation pressures in its rapidly-growing economy.

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