Renewable Energy Powerhouse Applauds the New President’s Re-Engagement to the Paris Climate Agreement

DALLAS, Jan. 20, 2021 /PRNewswire/ — John B. Billingsley, the founder, Chairman and CEO of Tri Global Energy, a leading developer of utility-scale renewable energy projects, and Sunfinity, a residential and commercial solar provider, is offering the following statement in recognition of President Joe Biden rejoining the Paris Climate Agreement on his first day in office:

DALLAS, Jan. 20, 2021 /PRNewswire/ — John B. Billingsley, the founder, Chairman and CEO of Tri Global Energy, a leading developer of utility-scale renewable energy projects, and Sunfinity, a residential and commercial solar provider, is offering the following statement in recognition of President Joe Biden rejoining the Paris Climate Agreement on his first day in office:

«Rejoining the Paris Climate Agreement is the right step – but just the first step – toward accomplishing critical environmental goals facing our nation and the world.  The threat of climate change remains very real, and a concerted global effort to meet the challenge is essential for success.  It is important for the U.S. to be back in a leadership role, and we expect our elected leaders to take this commitment seriously.»

The Paris Climate Agreement was adopted by nearly every nation in 2015 to address climate change and its negative impacts, but the United States withdrew from participation under the Trump administration.  2015 was also the year that Billingsley and Tri Global Energy’s Chief Financial Officer Henry Schopfer took part in the American Business Act on Climate Pledge organized at the White House under President Obama.

Billingsley added:

«The growth of renewables has been robust over the last few years, despite government policies and the pandemic. Renewable energy can positively impact every American and every citizen in the global community, and we’re hopeful that the Biden administration will give us the runway to reach that potential.» 

Headquartered in Dallas, Tri Global Energy (www.triglobalenergy.com) is a leading wind developer in Texas and is among the top five in the U.S. for projects under construction. Sunfinity (www.sunfinity.com) is listed as the 136th largest solar company in the U.S. by Solar Power World magazine.

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SOURCE Tri Global Energy

Joule’s Clean Energy Programs Enable 31 New York State Communities to Bring Cleaner and Cheaper Energy to Residents, Promote Local Economies, Help Meet State Climate Goals

KATONAH, N.Y., Jan. 20, 2021 /PRNewswire/ — In 2020, Joule Assets, via Joule Community Power, launched three new community choice aggregation programs («CCA» or «community choice») to more than 100,000 utility account holders in twelve communities across New York State.  This brings Joule’s total to five CCAs operating in 20 NY municipalities.  Nineteen of the twenty municipalities with electricity supply contracts negotiated through Joule have selected 100% renewable energy—at a fixed rate that…

KATONAH, N.Y., Jan. 20, 2021 /PRNewswire/ — In 2020, Joule Assets, via Joule Community Power, launched three new community choice aggregation programs («CCA» or «community choice») to more than 100,000 utility account holders in twelve communities across New York State.  This brings Joule’s total to five CCAs operating in 20 NY municipalities.  Nineteen of the twenty municipalities with electricity supply contracts negotiated through Joule have selected 100% renewable energy—at a fixed rate that is lower than residents have historically paid for standard (non-renewable) supply—as default energy supply for their communities.  Joule serves as the program administer for the CCA programs and partners with local program managers to provide support, education, and outreach in the communities.  Additionally, by the end of 2020, Joule had enrolled more than 1,700 customers in community solar programs, enabling these subscribers to save up to 10% on electricity.  The community solar programs offer guaranteed electricity bill savings in the form of solar bill credits made possible through NY State incentives for clean energy generation.  As part of the community solar programs, Joule establishes municipal sustainability funds that the communities could use to finance future projects of their own choosing. Joule’s «Giving Back» program has helped communities raise more than $85,000 for local projects.

Community choice programs empower participating communities to leverage the collective buying power of residents and small businesses at large enough scale to create the buying power to negotiate better terms. CCA also provides increased consumer protection while providing residents energy options and participation flexibility. While eligible residents are automatically enrolled in community choice programs, anyone can opt out without penalty prior to launch or at any time during the contract term. Community solar programs allow utility customers to support solar energy generation and save on annual electricity costs without having to install solar panels. Historically, community solar programs have been offered on an opt in basis. During 2021, however, Joule expects to launch the first opt-out community solar program in the United States in Brockport and Lima, NY.  Joule is the only program administrator with approval from the State to integrate community solar and electricity supply in a community choice offering.

2021 OUTLOOK: HOW JOULE IS CHANGING THE ENERGY LANDSCAPE

By the end of 2021, Joule expects to launch four additional community choice aggregations in eight NY communities, including Rochester—the largest city in the State to move forward with CCA—and a first-of-kind community choice program that includes opt-out community solar in the Villages of Brockport and Lima, NY.

By combining community electricity supply and community solar, Joule has created a CCA program that saves money for residents, grows the local economy, and helps meet NY State’s climate goals. Part of Joule’s Finger Lakes Community Choice program, Joule’s first community choice program that includes opt-out community solar—and the first of its kind in the country— will be rolled out to 3,800+ households in the two upstate New York municipalities.

Lower Electricity Costs for All
The opt-out community-level agreement ensures equal access to the benefits of community distributed generation—including electricity bill savings—to both low- and high-income households. This first-of-kind opt-out community solar program delivers participants a guaranteed 10% savings on solar credits without requiring them to sign an individual contract, undergo a credit check, pay a second bill for solar, or install solar panels on their home or property.

Attracting Local Investment, Creating Jobs
Re-localizing energy generation helps build local wealth. Solar projects distribute benefits back to individual households in the form of reliable savings, but also to communities in the form of job creation and community revenue. Jobs are created in the construction, operation, and management of the solar projects that are located in close proximity to the communities they serve. Local businesses will benefit from more and steady income flowing into the community. The projects themselves will also contribute to local revenues.

Progress Toward Achieving NY’s Clean Energy Goals
Opt-out community solar not only reduces carbon emissions, but it also moves NY State closer to achieving its clean energy goals. While benefiting communities and residents, opt-out community solar also provides significant benefits to solar project developers. Opt-out community solar effectively guarantees the solar developer all the generated electricity output will be purchased without any need to solicit interest or market to each potential individual customer. The municipal-level agreement essentially ensures that subscribers have been secured in advance, thereby fostering an environment that allows for at-scale development of solar projects throughout NY State.

Joule Gives Back
Joule has designed a community solar program that gives back to the community and enables participants who support clean energy generation to spend less on electricity. Created for communities that support the shift toward clean, locally-sourced energy, Joule’s «Giving Back» program establishes Sustainability Funds for participating municipalities. Funded through the community solar program—based on enrollment—these funds could be used to finance future local sustainability projects.  In additional to the other benefits of the first-of-kind opt out community solar program, the communities will participate in Joule’s «Giving Back» program, raising significant money for local projects of their own choosing.

«Joule is proud to have been able to work with our municipal partners throughout 2020, laying the groundwork for the expediential growth of renewable energy, as well as customer and municipal benefits in 2021, through our innovative use of opt-out solar and electricity supply,» says Jessica Stromback, Managing Director of Joule Assets.

Sue Hughes, Principal at Roctricity, Joule’s local partner providing outreach and public education to communities comprising Finger Lakes Community Choice, Gateway Community Power, Monroe Community Power, and Rochester Community Power said of Joule’s programs, «This is an easy way for people to access renewable electricity at competitive rates.  Together, we will spur the growth of renewable energy on the grid and promote a cleaner energy future.»  

Jeffrey Domanski, Executive Director of Hudson Valley Energy, Joule’s local partner in providing outreach and public education to communities comprising Hudson Valley Community Power and Rockland Community Power, said of Joule’s programs, «Many hands are needed in our work to create more sustainable communities—work that is exciting and fulfilling. Joule’s CCA and community solar programs have not only empowered individuals to access affordable, clean energy, but also have brought together dozens of communities in the Hudson Valley in their united effort to change our grid for the better.»

2020 REVIEW – OPERATING PROGRAMS

Aggregation

Local Partner

Participating
Communities

Size
(# of HHs)

$$ earned thru
Community
Solar «Giving
Back» Program

Intended Use of
«Giving Back» Funds
(if decided)

Hudson Valley
Community Power

 

 

Hudson Valley
Energy

City of Beacon

Town of Clinton

Village of Cold Spring

Town of Fishkill

Town of Marbletown

Town of New Paltz

Village of New Paltz

Town of Philipstown

City of Poughkeepsie

Town of Red Hook

40,000

$42,300

Local Schools (Beacon)

 

Refrigerant Management
Program
(Cold Spring & Philipstown)

 

Local &Bike Project
(Marbletown)

 

Rondout Valley Food Pantry
for local COVID-19 Relief
(Marbletown),

 

The Family of
New Paltz for local COVID-19
Relief
(Town of New Paltz)

Finger Lakes
Community Choice

Roctricity

Town of Geneva

1,000

$25,000

Watershed projects
benefitting Seneca Lake

Gateway
Community Power

 

Roctricity

City of Canandaigua (electricity supply only)

Village of Victor
(electricity supply only)

4,000

NA

NA

Monroe
Community Power

Roctricity

Town of Brighton

Town of Irondequoit
(community solar only)

Town of Pittsford
(community solar only)

Village of Pittsford
(community solar only)

41,000

$7,000

Village Arboreum
(Village of Pittsford)

Rockland
Community Power

Hudson Valley
Energy

Town of Clarkstown
Village of Haverstraw
Village of Nyack
Town of Orangetown
Village of South Nyack
Village of Upper Nyack

55,000

$16,150

Rockland Community
Foundation for local
COVID-19 Relief
(Clarkstown and Orangetown)

2021 REVIEW – EXPECTED LAUNCHES

Community

Aggregation

Size (#
of HHs)

Expected Program

Expected Size of
«Giving Back» Funds

Town of
Black Brook

TBD

500

Community Choice Electricity
Supply and Community Solar

$50,000 per 1,000
participating accounts

Village of
Brockport

Finger Lakes
Community Choice

2,900

Community Choice Electricity
Supply and Community
Choice (opt out) Solar

$50,000 per 1,000
participating accounts

Town of
Gardiner

TBD

1,800

Community Choice Electricity
Supply and Community Solar

$50,000 per 1,000
participating accounts

Village of
Honeoye Falls

 

Finger Lakes
Community Choice

1,000

Community Choice Electricity
Supply and Community
Choice (opt out) Solar

$50,000 per 1,000
participating accounts

Village of Lima

Finger Lakes
Community Choice

900

Community Choice Electricity
Supply and Community
Choice (opt out) Solar

$50,000 per 1,000
participating accounts

Village of
Nelsonville

TBD

200

Community Choice Electricity
Supply and Community Solar

$50,000 per 1,000
participating accounts
/A

City of
Rochester

Rochester
Community Power

80,000

Community Choice Electricity
Supply and Community Solar

$50,000 per 1,000
participating accounts

Town of
Southampton

Choice
Community Power

21,000

TBD

N/A

About Joule Community Power
Joule Community Power (Joule) works with municipalities and local partners to empower communities and facilitate their goals of providing residents and businesses with cleaner and cheaper energy. With no upfront cost to a municipality or its residents, Joule’s first-of-kind, integrated Community Power program helps municipalities and consumers (1) save money by gaining leverage to procure less expensive electricity for residents and businesses, (2) make money by creating new revenue opportunities through participation in energy markets, and (3) go green by gaining local control to opt for clean and renewable generation sources. Joule’s distinctive expertise in designing and implementing new consumer-protective energy supply contracts was instrumental in the creation of New York State’s first community choice aggregation (CCA) energy program.  Joule is the only company in NY State offering CCA administrative services with a Public Service Commission-approved implementation plan that integrates community solar projects; and only Joule has the expertise, relationships, and experience to effectively design, implement, and manage such a program. Joule’s innovative renewable energy strategy is driving new regulation and encouraging the NY State Public Service Commission to rapidly advance innovative solutions. Having created the blueprint to guide communities through a smooth and empowering decision process, Joule aims to scale its Community Power model across NY State and beyond. Joule also offers capacity tag management services to businesses wishing to reduce their electricity costs by strategically managing their energy consumption. Joule Community Power is a division of Joule Assets. To learn more, visit joulecommunitypower.com.

About Joule Assets
Joule Assets is committed to shifting the energy paradigm from a model based on fossil fuels and excess demand to clean and efficient generation for all. Joule Assets actively empowers communities, businesses, investors, and individuals to capitalize on sustainable energy assets in the United States and Europe by expanding small customer market access, encouraging community-scale clean energy programs and facilitating energy efficiency markets. Based on years of regulatory expertise, market intelligence, and performance-based financing knowledge, Joule negotiates cheaper, cleaner energy supply on behalf of communities in New York State. In Europe, Joule supports the access to financing for efficiency and renewables projects, catalyzing the marketplace for project developers and investors. Each business unit–Joule Community Power and Joule Europe–supports Joule’s overarching mission to shift the energy paradigm towards clean and efficient energy for all. To learn more, visit jouleassets.com.

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SOURCE Joule Community Power

Lenox Selected to Produce the Official Inaugural Gifts For the President and First Female Vice President of the United States on Inauguration Day

BRISTOL, Pa., Jan. 20, 2021 /PRNewswire/ — For the ninth consecutive inauguration, Lenox Corporation has designed and gifted the official Inaugural gifts from the American people, given to the President and Vice President of the United States. On January 20, 2021, Lenox Corporation on behalf of the American people will gift the custom-made, one-of-a-kind engraved crystal vases to the President and Vice President following the swearing-in…

BRISTOL, Pa., Jan. 20, 2021 /PRNewswire/ — For the ninth consecutive inauguration, Lenox Corporation has designed and gifted the official Inaugural gifts from the American people, given to the President and Vice President of the United States. On January 20, 2021, Lenox Corporation on behalf of the American people will gift the custom-made, one-of-a-kind engraved crystal vases to the President and Vice President following the swearing-in ceremonies at the U.S. Capitol. Lenox Corporation offered these stunning gifts to the Joint Congressional Committee for Inaugural Ceremonies (JCCIC), and the design was approved by the committee.   

Lenox Corporation, the oldest and most prestigious maker of crystal and fine china in the United States, has designed and created the Inaugural gift for the incoming president since George H. W. Bush in 1989. For the Inauguration, Lenox’s Chief Creative Officer, Fawn Ostriak along with her team of experts and master glass-cutter Peter O’Rourke worked for months to create a gift that encapsulates the spirit of the American people and the new presidency. Fawn Ostriak handed over the stunning pieces of craftsmanship to the JCCIC in preparation for the gifting ceremony.

«On behalf of the American people, I am pleased to accept Lenox’s gift for the 59th Inaugural Ceremonies,» said U.S. Senator Roy Blunt, Chairman of the Joint Congressional Committee for Inaugural Ceremonies. «Lenox has crafted a beautiful gift that perfectly encapsulates this historic tradition. I look forward to it being presented to the newly elected President and Vice President.»

The inspiration for this year’s Inaugural gifts comes from archival illustrations. The President’s vase features an illustration of the White House set within a classic scrollwork cartouche. For the Vice President there is an image of the Capitol also set within a classic scrollwork cartouche. Both vases feature deep cutting and polishing techniques and are crafted entirely by hand in Pennsylvania by master craftsman, Peter O’Rourke. The vases are made of lead crystal and stand at a stately 17″ tall and will be placed on top of cherry wood bases that bear an inscription of the date and occasion engraved into silver-plated plaques.

«Lenox Corporation is honored to have been the first American china to be used in the White House and to have been selected as the designer and manufacturer of choice for the past 29 years. And this year we are especially proud to produce the Inaugural Commemorative Gift for the President and the very first female Vice President of the United States of America,» said Mads Ryder, CEO of Lenox Corporation.

For 103 years, Lenox has created fine china dinnerware for the White House as well as the Vice President’s official residence, over 300 U.S. Embassies and more than half of the governors’ mansions. Lenox became the first American china to be used in the White House in 1918 when President Wilson commissioned the company to create a 1,700-piece service bearing the presidential seal in raised gold. Over the years, Lenox has created new state services for five additional presidents – Roosevelt, Truman, Reagan, Clinton and George W. Bush –  that reflect not only the style of the day, but the timeless beauty of Lenox’s renowned ivory china.

About Lenox Corporation

Lenox, an American company and market leader in tableware & giftware, was founded in 1889, with a singular vision to set the highest standards for quality, artistry & beauty. The company markets its products under the Lenox, Dansk and Reed & Barton brands.  In addition to its core brands, Lenox creates and distributes the Kate Spade New York tabletop collection. Lenox products are sold through major e-commerce retailers, department stores, gift and specialty retailers, as well as through the company’s own websites.  Over its 130-year history, Lenox has been the recipient of numerous design awards and has the distinction of being the first American dinnerware used in the White House.  Lenox is headquartered in Bristol, PA.  For more information on Lenox, please visit www.Lenox.com .

MEDIA CONTACT:  
K+J Agency, LLC

Joanne Gibbs 917.797.4698
Jo@kj-agency.com

Effie Kaptain 917.459.4495
Effie@kj-agency.com

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SOURCE Lenox Corporation

Precision Planting Shares Six Planter Upgrades to Help Farmers Achieve a Picket Fence Crop Stand in 2021

TREMONT, Ill., Jan. 20, 2021 /PRNewswire/ — Before farmers climb into their planters next spring, Precision PlantingLLC wants them to think about building a perfect picket fence.

TREMONT, Ill., Jan. 20, 2021 /PRNewswire/ — Before farmers climb into their planters next spring, Precision PlantingLLC wants them to think about building a perfect picket fence.

«When you pass a picket fence, think about your planter,» said Bryce Baker, marketing manager at Precision Planting, at the company’s 19th annual Winter Conference for farmers, which began on Tuesday, January 19. «The structural integrity, longevity of the pickets, setting the posts – building a sturdy, straight fence and building a picket fence crop stand have real parallels, whatever crop farmers plant.»

Baker adds that farmers can make affordable upgrades to their existing planter equipment to produce a crop stand that looks good and is profitable. «Begin with the base iron of your planter and row units,» said Baker. «It doesn’t matter the color or brand. You can have the best seed placement, the best yield and simple-to-use technology.»

Precision Planting experts shared six planter upgrades and customizations that farmers can make to their existing planters to help them achieve a good stand and profitable crop in 2021:

1)    Move debris from where you will build your fence / Move residue with help from a row cleaner.
Precision Planting announced on Tuesday, Jan. 19, a new row cleaner called Reveal. The technology is a row cleaner that stays engaged with the soil, allowing tine depth to be gauged from the cleaned surface, not the surface on top of soil residue.

«Reveal offers farmers independent tine depth and pressure adjustment, so they can determine how deep the tines engage, and then set that independent of pressure,» said Justin McMenamy, Director of Product at Precision Planting.  

2)    Measure the post layout for your fence / Add sensors on row units to measure and diagnose planter seed placement.
«Like a doctor uses x-ray technology to diagnose medical issues, planter row unit sensors help farmers diagnose the planter,» said McMenamy. «There are five things worth sensing on the planter to see a real impact on the crop: Seed, row unit ride, downforce, the soil environment seeds are placed in and fertilizer rate.»

«Through our research farm trials at Precision Planting, we’ve seen that a 2-inch seed depth only wins 21 percent of the time,» said Jason Webster, Lead Commercial Agronomist and Director of the Precision Technology Institute. «Sensors help us move that win rate up.»

3)   Dig holes where you’ll place the fence posts / Create the seed trench.
«
Consistent germination of seeds starts with planting at the correct depth, and now farmers have tools, SmartFirmer and SmartDepth, that allow them to know how deep to plant, and then set that depth right from the cab,» said Baker.

4)   Anchor the fence to the hole / Control planter downforce in variable fields.
«A major component of creating a furrow with structural integrity that anchors the seed is downforce control,» said McMenamy. «Automated downforce control ensures the same weight on the gauge wheels of every row, even across the variation of a field or from equipment.

5)   Secure the area around the post with concrete / Incorporate planter-applied fertility around the seed.
«Our trials have shown that planter-applied fertility drives increased profit and can be done with the same fertilizer dollar,» said Webster. «Moving from off-planter fertilizer to planter-applied is about reallocation, not necessarily more fertilizer. Planter-applied or banded nitrogen, instead of broadcast, means we apply nitrogen right alongside the seed, where it needs it.»

6)   Fill the post hole / Get the right soil density around the seed and close the furrow.
«Seeds need to be surrounded by soil, not air, to get uniform heat and moisture,» said Webster. «To avoid yield loss, the goal is not simply seeds touching soil but seed firmly against soil.»

«The last part of the row unit that encounters the furrow destroys it,» said McMenamy. «If you can’t find the furrow, that’s what you want – seeds tucked in and no evidence of the planter pass.»

Sessions from Precision Planting’s Winter Conference will be available online beginning Monday, Jan. 25. Farmers can visit planterexpert.com to learn more or find a Precision Planting dealer near them.

ABOUT PRECISION PLANTINGLLC
Precision Planting is an industry leader in precision agriculture technology solutions. Founded in central Illinois, Precision Planting focuses on developing innovative products that improve planting, liquid application and harvest. The company is also well-known for its unique and innovative approach to addressing agronomic issues facing farmers and providing practical educational resources for improvement. The company is represented in the continental United States by a network of more than 400 dealerships and provides technologies to agricultural equipment manufacturers around the world.

Media Notes:

  • All agronomic learning sessions and product demonstrations from Precision Planting’s Winter Conference 2021 are available digitally here.
  • High-resolution imagery of Precision Planting’s new row cleaner product, Reveal, as well as other product imagery and brief bios and headshots of Precision Planting spokespeople, can be found here.

 

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SOURCE Precision Planting LLC

EBSCO Information Services Announces Submissions Open for the 2021 EBSCO Solar Grant

IPSWICH, Mass., Jan. 20, 2021 /PRNewswire-PRWeb/ — Submissions are now open for the 2021 EBSCO Solar grant program from EBSCO Information…

IPSWICH, Mass., Jan. 20, 2021 /PRNewswire-PRWeb/ — Submissions are now open for the 2021 EBSCO Solar grant program from EBSCO Information Services (EBSCO). For the fifth year, EBSCO is accepting applications for grants that will fund solar installations at libraries around the world. As part of the 2021 EBSCO Solar initiative, EBSCO will be making a total of $200,000 in grants available.

The grants will help winning libraries to reduce their utilities expenses by installing solar arrays. EBSCO introduced the EBSCO Solar grant program in 2016 and has given libraries more than $1.25 million in grants.

In 2020, EBSCO received more than 90 submissions from libraries in 18 countries. H. Lavity Stoutt Community College, Learning Resource Centre, in Tortola, British Virgin Islands; Independence Public Library in Independence, Belize; Pacific Theological College in Suva, Fiji Islands; Peterborough Town Library in Peterborough, New Hampshire; and The Valley Library at Oregon State University in Corvallis, Oregon, each received an EBSCO Solar Grant.

EBSCO Information Services President Tim Collins says institutions reduce their carbon footprint and set an example for their communities. «Solar power is a great way to showcase the value of green technologies. By offering solar grants to libraries, EBSCO invests in communities looking to offer alternative energy resources and educate their communities on the benefits of adopting solar resources.»

The EBSCO Solar webpage at http://www.ebsco.com/solar includes details such as the timeline, where to submit questions, a link to the submission form and FAQs. Interested libraries are encouraged to submit questions by February 28. Submissions are due by May 3, and the winner will be announced in June 2021.

About EBSCO Information Services
EBSCO Information Services (EBSCO) is the preeminent provider of online research content and search technologies serving academic, school and public libraries; healthcare and medical institutions; corporations; and government agencies around the world. From research, acquisition management, subscription services and discovery to clinical decision support and patient care, learning, and research and development, EBSCO provides institutions with access to content and resources to serve the information and workflow needs of their users and organizations. EBSCO Information Services is a division of EBSCO Industries, Inc., a family owned company since 1944. For more information, visit the EBSCO website at: http://www.ebsco.com.

For more information, please contact:

Kathleen McEvoy
Vice President of Communications
(800) 653-2726 ext. 2594
kmcevoy@ebsco.com

Media Contact

Kathleen McEvoy, EBSCO Information Services, (800) 653-2726 x2594, kmcevoy@ebsco.com

 

SOURCE EBSCO Information Services

G/O Media Remains Stable Through Pandemic into 2021 with New Hires and Bright Diversity Statistics

NEW YORK, Jan. 20, 2021 /PRNewswire/ — G/O Media, one of the leading digital publishers in the country, announced today the promising outlook for the business in 2021. Operating profitably for the second half of 2020, a year which ravaged much of the media landscape, G/O Media remains stable and looks to grow rapidly in 2021….

NEW YORK, Jan. 20, 2021 /PRNewswire/ — G/O Media, one of the leading digital publishers in the country, announced today the promising outlook for the business in 2021. Operating profitably for the second half of 2020, a year which ravaged much of the media landscape, G/O Media remains stable and looks to grow rapidly in 2021. The company is currently on a hiring spree, bringing in fresh, creative new talent across editorial, technology and sales, while continuing to embrace and sustain in-house diversity and inclusion. 

The Coronavirus pandemic initially slowed hiring considerably across industries, with many publishers pushed to major layoffs, loss of revenue, and reduced or furloughed salaries for employees. G/O Media saw minimal employee reductions in 2020, and salary reduction during the pandemic was asked only from the top ten most highly compensated employees at the company, all on a voluntary basis, to ensure that the majority of the staff would not be affected. In 2021, G/O Media is pushing back even stronger with it’s talent search – aiming to hire more than 30 new employees between Q4 2020 and the first few weeks of the first-quarter 2021 encompassing editorial, sales, marketing, and technology positions. With 81 new full-time hires in 2020, the end-of-year headcount ultimately exceeded where it began in 2020, with that number only slated to grow further in 2021. 

G/O Media is investing strongly in its editorial staff, with over 20 new job openings for editorial positions. This is an investment in the business’s core competencies – embracing the writers, editors, researchers and the diverse minds behind the publisher’s award-winning sites; Gizmodo, The A.V. Club, Deadspin, Jalopnik, Jezebel, Kotaku, Lifehacker, The Takeout, The Root, The Onion, and The Inventory.

«Though 2020 was a difficult year — and our staff continues to face daunting and unprecedented challenges surrounding working and living though the ongoing pandemic —  the work that they have been able to do has been inspiring ,» says Executive Editorial Director, Jim Rich. «That tireless work, along with this new set of editorial hires across G/O Media brands, positions our teams for an incredibly strong 2021.»

Says Brian Kelly, Chief Revenue Officer, G/O Media, «Like many others across the digital landscape, our 2nd and 3rd quarters were a tight race to hit budgets. However, since mid-Q3, we’ve started to see a dramatic increase in revenue across the business. We remain optimistic given our partner conversations that this trend will continue and gain momentum.»

G/O Media believes that a diverse workplace is a powerful one and continues to invest in its diversity, equity and inclusion practices to ensure that the company attracts and retains the most innovative and fearless talent in 2021 and beyond. G/O Media’s diverse employee base strengthens the company’s place as an industry leader in journalism and content creation that resonates with readers from all walks of life. G/O Media’s 2020 Employee Diversity Breakdown was as follows:  

  • 63% of current staff are diverse
  • 51% of managers are diverse
  • 48% of staff is female
  • 69% of new hires on-boarded since July 16, 2019 are diverse

«G/O Media is thrilled to share that it continues to gain ground despite what has been called one of the most brutal years in media,» says Jim Spanfeller, CEO, G/O Media. «In a rough market climate brought on by the Covid epidemic, we were able to control the economic effects on our team, and ensure the safety and health of our community. In addition to minimizing employee disruption during the pandemic, we’re also delighted to be able to continue to build on our diverse and inclusive employee base which helps greatly in setting us apart from competitors in the digital space and, more importantly, in connecting with our young and diverse audiences. We give a big tip of the hat to our Human Resources and People leaders at G/O Media for their extraordinary work throughout the pandemic, focused on sourcing great new talent and continued dedication to maintaining and encouraging an employee base that is inclusive, diverse, and equitable.»

About G/O Media
G/O Media reaches more than a third of all Americans online each month with over 100 million unique visitors, including its extended network. This collection of digital-first brands serves a young, diverse audience with content that reflects their shared values and passions, including category-leading sites focused on tech and science (Gizmodo); pop culture and entertainment (The A.V. Club); sports news (Deadspin); car culture (Jalopnik); modern women’s interests (Jezebel); gaming  (Kotaku); lifestyle (Lifehacker); food and drink (The Takeout); African American news and culture (The Root); humor and satire news (The Onion); and e-commerce (The Inventory).

G/O Media Contact:
Liz Martin
VP, Communications
lmartin@g-omedia.com
(201) 704-1600

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/go-media-remains-stable-through-pandemic-into-2021-with-new-hires-and-bright-diversity-statistics-301211747.html

SOURCE G/O Media

Royal Caribbean Group firma un acuerdo definitivo para vender su marca Azamara a Sycamore Partners

MIAMI, 20 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) anunció hoy que ha celebrado un acuerdo definitivo para vender su marca Azamara a Sycamore Partners, una firma de capital privado especializada en inversiones de consumo, venta minorista y distribución, en una transacción de desinversión de activos no estratégicos («carve-out») en efectivo por USD 201 millones, sujeta a ciertos ajustes y condiciones de cierre. Sycamore Partners adquirirá en su totalidad la marca Azamara,…

MIAMI, 20 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Royal Caribbean Group (NYSE: RCL) anunció hoy que ha celebrado un acuerdo definitivo para vender su marca Azamara a Sycamore Partners, una firma de capital privado especializada en inversiones de consumo, venta minorista y distribución, en una transacción de desinversión de activos no estratégicos («carve-out») en efectivo por USD 201 millones, sujeta a ciertos ajustes y condiciones de cierre. Sycamore Partners adquirirá en su totalidad la marca Azamara, incluida su flota de tres buques y la propiedad intelectual asociada. La transacción está sujeta a las condiciones convencionales y se espera que se cierre durante el primer trimestre de 2021.

Royal Caribbean Group señaló que la transacción le permite enfocarse en la ampliación de sus marcas Royal Caribbean International, Celebrity Cruises y Silversea.

«Nuestra estrategia ha evolucionado y busca destinar más de nuestros recursos en tres marcas globales: Royal Caribbean International, Celebrity Cruises y Silversea, así como también trabajar para que crezcan conforme salimos de este período sin precedentes», afirmó Richard D. Fain, presidente y director ejecutivo de Royal Caribbean Group. «Aún así, Azamara sigue siendo una marca sólida con un enorme potencial de crecimiento, y el historial de Sycamore demuestra que serán buenos administradores de lo que el equipo de Azamara ha desarrollado durante los últimos 13 años».

«Nos complace que Royal Caribbean Group haya confiado a Sycamore el apoyo a Azamara en su próxima fase de crecimiento», afirmó Stefan Kaluzny, director general de Sycamore Partners.  «Nos entusiasma asociarnos con el equipo de Azamara y continuar su larga trayectoria de éxito en la atención de los clientes leales de la marca.  Creemos que Azamara seguirá siendo una excelente opción para los viajeros exigentes a medida que la industria de los cruceros se recupere con el tiempo».

La propuesta de valor y las operaciones de Azamara seguirán siendo consistentes bajo el nuevo arreglo, y Royal Caribbean Group trabajará en estrecha colaboración para lograr una transición fluida para los empleados, clientes y otras partes interesadas de Azamara. Junto con la transacción, Carol Cabezas, directora de operaciones de Azamara, ha sido nombrada presidenta de la marca.

La transacción tendrá como resultado un cargo único por deterioro, sin efectivo, de aproximadamente USD 170 millones. No se espera que la venta de Azamara tenga un impacto material en los resultados financieros futuros de Royal Caribbean Group.

Perella Weinberg Partners LP se desempeñó como asesor financiero de Royal Caribbean Group y Freshfields Bruckhaus Deringer LLP proporcionó la asesoría legal. Kirkland & Ellis LLP brindó asesoría legal a Sycamore Partners. 

Acerca de Royal Caribbean Group  
Royal Caribbean Cruises Ltd., que opera bajo el nombre de  Royal Caribbean Group (NYSE: RCL), es una compañía de cruceros vacacionales que posee cuatro marcas globales: Royal Caribbean International, Celebrity CruisesAzamara y Silversea.  Royal Caribbean Group es también propietario del 50 % de una empresa conjunta que opera cruceros TUI y cruceros Hapag-Lloyd. En conjunto, nuestras marcas operan 61 barcos con otros 15 en pedido al 21 de diciembre de 2020.  Obtenga más información en www.rclcorporate.com o www.rclinvestor.com. 

Acerca de Sycamore Partners 
Sycamore Partners es una firma de capital privado con sede en Nueva York. La firma se especializa en inversiones relacionadas con el consumidor, la distribución y el comercio minorista, y se asocia con equipos de gestión para mejorar la rentabilidad operativa y el valor estratégico de su empresa. Con aproximadamente USD 10 mil millones en capital agregado comprometido que ha recaudado desde su creación en 2011, los inversionistas de Sycamore Partners incluyen dotaciones líderes, instituciones financieras, oficinas familiares, planes de pensiones y fondos soberanos. Para obtener más información sobre Sycamore Partners, visite www.sycamorepartners.com

Declaración precautoria respecto de las declaraciones prospectivas
Ciertas declaraciones prospectivas que figuran en esta publicación en relación, entre otras cosas, con nuestras estimaciones, previsiones y proyecciones de rendimiento a futuro constituyen declaraciones prospectivas en virtud de la Ley de Reforma de Litigios sobre Valores Privados de 1995.   Dichas declaraciones incluyen, pero no se limitan a: declaraciones respecto de ingresos, costos y resultados financieros de 2020 en adelante.  Palabras como «anticipar», «creer», «podría», «conducir», «estimar», «esperar», «objetivo», «pretender,» «observar» «puede», «planificar», «proyecto», «buscar», «debería», «hará», «haría», «considerando», y otras expresiones similares tienen como objetivo ayudar a identificar las declaraciones prospectivas.  Las declaraciones prospectivas reflejan las expectativas actuales de la gerencia, se basan en juicios, son intrínsecamente inciertas y están sujetas a riesgos, incertidumbres y otros factores, lo que podría hacer que nuestros resultados, desempeño o logros reales difieran sustancialmente de los resultados, desempeño o logros futuros expresados o implicados en esas declaraciones prospectivas.  Ejemplos de estos riesgos, incertidumbres y otros factores incluyen, pero no se limitan a lo siguiente: El impacto de la incidencia y propagación global de la COVID-19, lo que ha llevado a la suspensión temporal de nuestras operaciones y ha tenido, y seguirá teniendo, un impacto adverso sustancial en nuestra empresa, la liquidez y los resultados de las operaciones, u otras enfermedades contagiosas en las condiciones económicas y en la industria de viajes en general, y la situación financiera y los resultados operativos de nuestra empresa en particular, tales como: las restricciones de viaje adicionales actuales y potenciales tanto gubernamentales como autoimpuestas, la extensión actual y potencial de la suspensión de los cruceros y nuevas suspensiones adicionales, cancelaciones de huéspedes; nuestra capacidad para obtener financiamiento capital o ingreso suficiente para satisfacer las necesidades de liquidez, gastos de capital, reembolso de deuda y otras necesidades de financiamiento; la eficacia de las medidas que hemos adoptado para mejorar y atender nuestras necesidades de liquidez; el impacto del entorno económico y geopolítico en aspectos clave de nuestra empresa, como la demanda de cruceros, gastos de los pasajeros y los gastos operacionales; incidentes o publicidad adversa en relación con nuestros buques, instalaciones portuarias, destinos terrestres y/o pasajeros o la industria de los cruceros vacacionales en general; nuestra capacidad para calcular con precisión nuestro flujo de caja negativo mensual durante la suspensión de nuestras operaciones; preocupación por la seguridad, salud y protección de los huéspedes y de la tripulación; todos los protocolos que adoptemos en nuestra flota relacionados con la COVID-19como las recomendadas por el Healthy Sail Panel, pueden ser costosos y menos eficaces de lo que esperamos para reducir el riesgo de infección y propagación de la COVID-19 en nuestros cruceros; otras deficiencias de nuestro fondo de comercio, activos duraderos, inversiones de capital y pagarés por cobrar; la incapacidad para reclutar nuestra tripulación o conseguir nuestras provisiones y suministros de ciertos lugares; el brote de la COVID-19 y otras enfermedades contagiosas en nuestros barcos y un aumento en la preocupación por el riesgo de enfermedades en nuestros barcos o al viajar hacia o desde ellos, todo lo cual reduce la demanda; no disponibilidad de puertos de escala; el aumento de sentimientos antiturísticos y las preocupaciones ambientales; cambios en la política de viajes extranjeros de los Estados Unidos; las incertidumbres en cuanto a la realización de actividades comerciales a nivel internacional y la expansión a nuevos mercados y nuevas empresas; nuestra capacidad para reclutar, desarrollar y retener personal de alta calidad; cambios en los costos operativos y financieros; nuestro endeudamiento, cualquier deuda adicional en la que podamos incurrir y las restricciones en los acuerdos que rigen nuestro endeudamiento, que limitan nuestra flexibilidad en el funcionamiento de la empresa, incluida la parte importante de los activos que son garantía en virtud de esos acuerdos; el impacto de las tasas de cambio de divisas, las tasas de interés y las fluctuaciones de los precios del combustible; la liquidación de conversiones de nuestros bonos convertibles, si hubieran, en acciones de nuestras acciones comunes o una combinación de efectivo y acciones de nuestras acciones comunes, lo que puede provocar una dilución sustancial para nuestros accionistas actuales; nuestra expectativa de no declarar ni pagar dividendos sobre nuestras acciones comunes en el futuro cercano; la competencia en la industria de las vacaciones y los cambios en la capacidad industrial, así como el exceso de capacidad; los riesgos y costos asociados con la protección de nuestros sistemas y el mantenimiento de la integridad y seguridad de nuestra información comercial, así como los datos personales de nuestros huéspedes, empleados y otras personas; el impacto de leyes y reglamentos o dictámenes gubernamentales nuevos o cambiantes en nuestra empresa; litigios pendientes o eventuales, investigaciones y acciones ejecutivas; los efectos del clima, desastres naturales y estacionalidad en nuestra empresa; reparaciones de emergencia de buques, incluidas las pérdidas de ingresos relacionadas; el impacto de problemas en los astilleros, incluidas las demoras en la entrega de los buques, la cancelación de buques o el aumento de los costos de construcción de los buques; falta de disponibilidad de astilleros; la falta de disponibilidad o el costo del servicio aéreo; y las incertidumbres de un sistema jurídico extranjero, ya que no somos una corporación de los Estados Unidos.

Además, actualmente muchos de estos riesgos e incertidumbres se agravan y seguirán agravándose, o en el futuro podrían agravarse, por la pandemia de la COVID-19. No es posible predecir o identificar todos esos riesgos.

Más información sobre los factores que podrían afectar nuestros resultados operativos se incluye bajo la leyenda «Risk Factors» («Factores de riesgo») en nuestro informe trimestral más reciente en el formulario 10-Q, así como nuestros otros archivos presentados ante la SEC, y bajo las leyendas «Risk Factors» y «Management’s Discussion and Analysis of Financial Condition and Results of Operations» («Análisis y discusión de la Administración sobre la condición financiera y los resultados de las operaciones») en nuestro último informe anual en el formulario 10-K, según lo actualizado por nuestro informe actual en el formulario 8-K de fecha 13 de mayo de 2020, del cual puede obtener copia al visitar nuestro sitio web de relaciones con inversionistas en www.rclinvestor.com o el sitio web de la SEC en www.sec.gov. No se debe confiar indebidamente en las declaraciones prospectivas de esta publicación, que se basan en la información de que disponemos en la fecha del presente informe. No asumimos obligación alguna de actualizar o revisar públicamente cualquier declaración prospectiva como resultado de información nueva, eventos futuros o de otro tipo.

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FUENTE Royal Caribbean Group

Fintech amplía sus servicios de datos mediante la adquisición de Aperity

TAMPA, Florida, 20 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Financial Information Technologies, LLC («Fintech» o «la Compañía»), la compañía líder en el suministro de soluciones empresariales para la industria de bebidas alcohólicas, anunció hoy la adquisición de <a target="_blank"…

TAMPA, Florida, 20 de enero de 2021 /PRNewswire-HISPANIC PR WIRE/ — Financial Information Technologies, LLC («Fintech» o «la Compañía»), la compañía líder en el suministro de soluciones empresariales para la industria de bebidas alcohólicas, anunció hoy la adquisición de Aperity, un innovador proveedor de gestión y análisis de datos. El Beverage Data Exchange de Aperity es la primera solución de datos de la industria centrada en la comunidad, que facilita el intercambio de perspectivas del negocio entre los socios de la cadena de suministros. El Beverage Data Exchange se integra fácilmente con la oferta de datos de Fintech y amplía la plataforma de datos de la Compañía. Fintech aprovechará la gran variedad de eslabones de la cadena de suministros y la tecnología de integración del Beverage Data Exchange para ofrecerle a la industria de las bebidas alcohólicas el universo de datos más completo de distribuidores, comercios minoristas, comercios electrónicos y agregadores de datos.

Fintech logo

«Nuestra alianza con Fintech aporta una extensa red de distribuidores y proveedores al Beverage Data Exchange de Aperity, lo que nos permite aprovechar los enormes recursos de la industria que tiene Fintech para expandir nuestras soluciones de gestión y analítica de datos que son las mejores de su clase», comentó Brent Arslaner, director de ingresos de Aperity. «Nos apasiona servir a nuestros clientes y, ciertamente, unirnos a Fintech respalda esa misión».

La adquisición de Aperity se da justo después de las de Lilypad Solutions y Armadillo Insight, y potencia la próspera división InfoSource® de Fintech, la cual suministra inteligencia de datos útiles para toda la industria de bebidas alcohólicas. Al contar con información integral y completa, los proveedores, distribuidores y minoristas pueden comparar su desempeño con el de la industria para optimizar más sus negocios. La adición del Beverage Data Exchange de Aperity aprovecha la dinámica actual de Fintech en el mercado de los datos y genera más perspectivas de negocio para los clientes y socios de la Compañía.

«En la medida en que Fintech continúa revolucionando los recursos de datos para la industria de las bebidas alcohólicas, la incorporación de Aperity es perfectamente lógica», afirmó Sameer Mungur, director de información de Fintech. «La utilización que hace Aperity del aprendizaje automático y la inteligencia artificial, junto con su intercambio de datos actual, son una poderosa adición al conjunto de productos InfoSource de Fintech. Tenemos gran expectativa por las oportunidades de crecimiento que esta adquisición representará para Fintech y nuestros clientes».

La adición de la solución Beverage Data Exchange de Aperity refuerza la misión de Fintech de ofrecer tecnologías especializadas para maximizar la eficiencia y mejorar la comunicación en los tres niveles de la industria del alcohol, aprovechando las soluciones de clase mundial de Fintech. Tanto Fintech como Aperity continuarán con sus operaciones habituales conforme se consolide la alianza.

Acerca de Fintech

Fintech es el proveedor líder de soluciones empresariales con tecnologías asequibles desarrolladas para simplificar la gestión de bebidas alcohólicas en empresas de cualquier tamaño dedicadas a la venta de alcohol. Empoderamos a los minoristas, distribuidores y proveedores mediante la automatización de procesos manuales y análisis de datos esenciales relacionados con la gestión de catálogos de productos, el pago de facturas de alcohol, la gestión de ventas a clientes y la recopilación de datos de la industria. Con más de 30 años de experiencia en la industria y de confiabilidad inquebrantable, Fintech genera retorno inmediato sobre la inversión a más de 650,000 relaciones empresariales en todo el país. Al simplificar las funciones rutinarias necesarias para proteger y ver crecer los márgenes, los equipos pueden enfocarse en lo que mejor saben hacer: atender a los clientes y hacer crecer sus negocios. Para obtener más información, visite www.fintech.com.

FINANCIAL-INFORMATION-TECHNOLOGIES, LLC. es propietaria de la marca comercial FINTECH, del logotipo de la F estilizada y de otras marcas comerciales y de servicios, muchas de las cuales están registradas en la Oficina de Patentes y Marcas Registradas de Estados Unidos. El software subyacente que respalda los servicios ofrecidos por FINANCIAL-INFORMATION-TECHNOLOGIES, LLC, y el contenido de este sitio web, tienen protección de derechos de autor de ©2020 FINANCIAL-INFORMATION-TECHNOLOGIES, LLC. Todos los derechos reservados.

Contacto: Misha Hart, 800.572.0854 x 3827, mhart@fintech.com
Siga a @Fintech en Facebook, Twitter y LinkedIn

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FUENTE Fintech

Fintech Expands Data Services Through Acquisition of Aperity

TAMPA, Fla., Jan. 20, 2021 /PRNewswire-HISPANIC PR WIRE/ — Financial Information Technologies, LLC («Fintech» or «the Company»), the leading business solutions provider for the beverage alcohol industry, today announced the acquisition of Aperity, an innovative data management and analytic provider. Aperity’s Beverage Data Exchange is…

TAMPA, Fla., Jan. 20, 2021 /PRNewswire-HISPANIC PR WIRE/ — Financial Information Technologies, LLC («Fintech» or «the Company»), the leading business solutions provider for the beverage alcohol industry, today announced the acquisition of Aperity, an innovative data management and analytic provider. Aperity’s Beverage Data Exchange is the industry’s first community-centric data solution, facilitating business insights between supply chain partners. The Beverage Data Exchange integrates seamlessly with Fintech’s existing data offerings and broadens the Company’s data platform. Fintech will use the Beverage Data Exchange’s extensive supply chain connectors and integration technology to provide the beverage alcohol industry with the most comprehensive universe of data from distributors, retailers, e-commerce and data syndicators.

Fintech logo

«Our partnership with Fintech brings a wide network of distributors and suppliers to Aperity’s Beverage Data Exchange, allowing us to leverage Fintech’s vast industry resources to scale our best-of-breed data management and analytic solutions,» said Brent Arslaner, Chief Revenue Officer of Aperity. «We are passionate about serving our clients, and joining Fintech certainly aids in that mission.»

The Aperity acquisition follows that of Lilypad Solutions and Armadillo Insight, and bolsters Fintech’s growing InfoSource® division, which provides actionable data intelligence across the beverage alcohol industry. With comprehensive and complete data, suppliers, distributors and retailers can benchmark against industry performance to further optimize their businesses. The addition of Aperity’s Beverage Data Exchange builds upon Fintech’s existing momentum in the data market, and it brings further insights to Fintech’s clients and partners.

«As Fintech continues to revolutionize data resources for the beverage alcohol industry, the addition of Aperity makes perfect sense,» said Sameer Mungur, Chief Data Officer of Fintech. «Aperity’s use of machine learning and AI, combined with its established data exchange, is an exciting addition to Fintech’s InfoSource product suite. We look forward to the growth opportunities this acquisition will afford Fintech and our clients.»

The addition of Aperity’s Beverage Data Exchange solution furthers Fintech’s mission to deliver specialized technology to maximize efficiency and improve communication across the three tiers of the alcohol industry, building on Fintech’s world-class solutions. Both Fintech and Aperity will continue day-to-day operations as the partnership develops further.

About Fintech

Fintech is the leading business solutions provider of affordable technology built to simplify beverage alcohol management for any business, of any size, that sells alcohol. We empower retailers, distributors, and suppliers by automating essential manual processes and data insights associated with product catalog management, alcohol invoice payment, customer sales management, and industry data collection. With over 30 years of industry experience and unwavering dependability, Fintech delivers an immediate ROI to 650,000 business relationships nationwide. By simplifying the day-to-day functions necessary to protect and grow margins, teams can get back to doing what they do best – taking care of customers and growing their businesses. To learn more, visit www.fintech.com.

FINANCIAL-INFORMATION-TECHNOLOGIES, LLC. is the owner of the trademark FINTECH, the Stylized F Logo, and several other trademarks and service marks, many of which are registered at the U.S. Patent and Trademark Office. The underlying software behind the services offered by FINANCIAL-INFORMATION-TECHNOLOGIES, LLC and content of this website are ©2020 FINANCIAL-INFORMATION-TECHNOLOGIES, LLC. All rights reserved.

Contact: Misha Hart, 800.572.0854 x 3827, mhart@fintech.com
Follow @Fintech on Facebook, Twitter, and LinkedIn

Logo – https://mma.prnewswire.com/media/562037/Fintech_logo_with_tm_dk_bl.jpg

SOURCE Fintech

Morningstar Reports U.S. Mutual Fund and Exchange-Traded Fund Flows for Full-Year and December 2020

CHICAGO, Jan. 20, 2021 /PRNewswire/ — Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. <a target="_blank"…

CHICAGO, Jan. 20, 2021 /PRNewswire/ — Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) flows for the full-year and December 2020. For the full year, long-term mutual funds and ETFs gathered $212 billion, which was below the $356 billion average annual inflow from 2010 through 2019. In December, long-term mutual funds and ETFs collected more than $86 billion—the second-largest monthly gain in 2020 behind November’s $111 billion.

Morningstar’s report about U.S. fund flows for the full-year and December 2020 is available here. Highlights from the report include:

  • ETFs posted calendar-year record inflows of $502 billion, with taxable-bond ETFs collecting the most of any category group at nearly $195 billion in 2020. Meanwhile, mutual funds saw a record $289 billion of outflows in 2020, yet their $18.2 trillion of total assets at year’s end was more than three times the total assets of ETFs.
  • Looking at category groups, U.S. equity funds’ $241 billion of outflows for the year was four times the previous record of $58 billion set in 2015. Large-growth equity funds had $66 billion of outflows in 2020, marking their 17th consecutive year of outflows.
  • Taxable-bond funds collected $73 billion of inflows in December and a record $441 billion for the year. The Federal Reserve bought high-yield and corporate bond funds midyear to support the fixed-income market, and its actions helped both categories garner record inflows in 2020 of $54 billion and $52 billion, respectively.
  • Commodities funds drew a record $37.6 billion in 2020 as investors added gold and silver to their portfolios through ETFs such as SPDR Gold shares amid economic and social turmoil.
  • Vanguard led all fund families in 2020 with nearly $141 billion of inflows. Dimensional Fund Advisors saw the most outflows in 2020 at $37 billion. In December, Vanguard saw $25.2 billion of inflows, the second-most for the year behind the $42.7 billion of inflows in January 2020.

To view the complete report, please click here.

The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed outside the scope of this press release; (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

About Morningstar, Inc.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The Company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. Morningstar also offers investment management services through its investment advisory subsidiaries, with approximately $215 billion in assets under advisement and management as of Sept. 30, 2020. The Company has operations in 29 countries. For more information, visit www.morningstar.com/company. Follow Morningstar on Twitter @MorningstarInc.

Morningstar’s Manager Research Group consists of various wholly owned subsidiaries of Morningstar, Inc. including, but not limited to, Morningstar Research Services LLC. Analyst Ratings are subjective in nature and should not be used as the sole basis for investment decisions. Analyst Ratings are based on Morningstar’s Manager Research Group’s current expectations about future events and therefore involve unknown risks and uncertainties that may cause such expectations not to occur or to differ significantly from what was expected. Analyst Ratings are not guarantees nor should they be viewed as an assessment of a fund’s or a fund’s or separately managed account’s underlying securities’ creditworthiness. This press release is for informational purposes only; references to securities or a separately managed account investment strategy in this press release should not be considered an offer or solicitation to buy or sell the securities or to invest in accordance with that strategy.

©2021 Morningstar, Inc. All Rights Reserved.

MORN-R

Media Contact:
Rebecca Rogalski, +1 312 244-7771 or rebecca.rogalski@morningstar.com

Morningstar logo (PRNewsFoto/Morningstar Research Inc.) (PRNewsfoto/Morningstar, Inc.)

 

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SOURCE Morningstar, Inc.