Latest news with #DAK
Yahoo
05-08-2025
- Business
- Yahoo
Dakota Wealth's DAK ETF: Elevating Portfolio Management
PALM BEACH GARDENS, Fla., Aug. 5, 2025 /PRNewswire/ -- Dakota Wealth Management, headquartered in Palm Beach Gardens, Florida, is excited to announce the introduction of its Dakota Active Equity (DAK), tailored to meet the needs of the modern investor. The firm's dedication to continuous innovation further enhances their capacity to adapt to market dynamics and unveil emerging opportunities for sustained success. "DAK builds upon the strengths of Dakota Wealth Management and our history of portfolio management," states Chief Investment Officer, Tim Melly. "This enables investors to access a Dakota strategy with the convenience and familiarity of an ETF." DAK was born from Dakota's commitment to providing effective financial solutions, offering a streamlined approach for portfolio management and diversification. The core investment philosophy of the Dakota Active Equity Team revolves around the artful combination of qualitative insight and quantitative analysis in investment management. Dakota's structured method for identifying high-growth potential stocks utilizes a comprehensive framework that merges systematic fundamental analysis with subjective implementation, aiming to enhance portfolio outcomes. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation A crucial aspect of Dakota's strategy involves the consistent application of thorough, multi-faceted research, which they believe can generate alpha and lead to more reliable performance. Additionally, they assert that ongoing, innovative research is essential to discovering emerging opportunities and strengthening their investment process. Dakota's focus lies in pinpointing leading companies within the most dynamic sectors and industries. For more details about DAK, including prospectus information, fund holdings, and strategy overview, please visit Investments involve risk. Principal loss is possible. The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. This and other important information is contained in the prospectus, which may be obtained by following the links Prospectus and Summary Prospectus or by calling +1.561.774.8101. Please read the prospectus carefully before investing. The Fund is actively-managed and is subject to the risk that the strategy may not produce the intended results. The Fund is new and has a limited operating history to evaluate. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. We make no representation or warranty as to the accuracy or completeness of the information contained herein including third-party data sources. The views expressed are as of the publication date and subject to change at any time. No part of this material may be reproduced in any form, or referred to in any other publication without express written permission. References to other funds should not to be interpreted as an offer or recommendation of these securities. The Fund is distributed by Quasar Distributors, LLC. The fund's investment advisor is Empowered Funds, LLC, which is doing business as ETF Architect. Dakota Wealth Management serves as the Sub-adviser to the Fund. Quasar is not affiliated with ETF Architect and Dakota Wealth Management. View original content to download multimedia: SOURCE Dakota Wealth Management Sign in to access your portfolio
Gulf Insider
10-07-2025
- Business
- Gulf Insider
The Floodgates Are Breaking In Germany's Welfare State
Germany's social insurance system is coming under increasing pressure from demographic shifts and a stagnating economy. Long-term care insurance is no exception. The political class attempts to sedate the symptoms. It confirms what demographers and economists have warned about for years: Germany's social security structure is not built to withstand demographic change or recession. It is a fair-weather construction—a luxury that prosperous societies afford themselves in times of surplus, only to pare it down in times of crisis. That crisis, anticipated by economists such as Stefan Fetzer and Christian Hagist, has now arrived. In a widely discussed study, they predicted that without fundamental reforms, the German welfare state would reach a tipping point by 2030. By then, the total contribution rate to social security would rise to 44.5% of gross wages—suffocating the private sector in the process. A String of Alarming HeadlinesGermany is on a direct path toward that horror scenario, as confirmed by a recent series of alarming reports regarding the financial health of its social systems. Deficits are everywhere: the public pension system will require at least €123 billion in federal subsidies this year. The recently revealed shortfall in the long-term care fund stands at roughly €1.7 billion. Simultaneously, statutory health insurance faces a gap of €13.8 billion. Importantly, these numbers are based on projections that assume a stable economic environment. Meanwhile, the relentless waves of Germany's prolonged recession continue to batter the increasingly fragile hull of the welfare state. In long-term care insurance specifically, developments are accelerating. According to a report from the Federal Audit Office, the deficit will likely double next year to €3.5 billion. By 2029, the shortfall is projected to grow to €12.3 billion. The impression is growing that Germany has drastically overextended itself with its generous welfare model – Europe's largest migration magnet. The numbers speak for themselves: expenditures for long-term care insurance have exploded over the past decade—from €24 billion in 2014 to over €40 billion by 2019, and €57 billion in 2023. Last year, spending rose again to €63.2 billion. This spending avalanche is driven by an aging population, rising personnel costs, and an ever-expanding benefit catalog that now reads like a political wish list—our means are assumed to be limitless. Course Correction Required Thirty years after the launch of Germany's public long-term care insurance, the system is financially cornered. Andreas Storm, CEO of the insurance group DAK, warned Monday—following a damning report by the Federal Audit Office—of an existential crisis: 'The situation in long-term care is much more dramatic than previously admitted. Not only health insurance, but also care insurance is an emergency patient in need of intensive care.' These are alarming words, echoed by the Federal Audit Office, which criticizes the federal government for delaying necessary reforms. Emergency loans, it warns, don't solve the problem—they merely postpone it. Without structural reforms, contribution hikes or benefit cuts are inevitable—and coming soon. Costly add-on benefits must be reexamined, as should the politically motivated limits on co-payments for patients. What's missing is the political will to bolster the system through personal responsibility and private capital. Reforms bring pain—and pain is the death of polling numbers. Thus unfolds the looming debt drama of the German republic. Also read: Germany's Pension Ponzi Scheme Is Collapsing: What Comes Next
New Indian Express
01-07-2025
- Health
- New Indian Express
Private hospitals seek 1 per cent interest on delayed Ayushman scheme reimbursements
NEW DELHI: Over two months after its formal launch, the Ayushman Bharat scheme is struggling to gain traction among the city's private hospitals. Major healthcare institutions such as Fortis, Gangaram, Max, Apollo, and BLK continue to stay away from the scheme, citing unresolved legacy issues, including low reimbursement rates and persistent delays in payments. Since its rollout on April 10, only 26 new healthcare facilities have joined the scheme. Officials have confirmed that, of the total 93 empanelled hospitals, 67 were already conducting procedures prior to the formal launch. With more than 1,200 private hospitals operating in the capital, the numbers reflect a lack of enthusiasm that healthcare experts attribute to both structural and financial shortcomings. In a letter to the Delhi government, the Association of Healthcare Providers of India (AHPI) has demanded amendments to the scheme's terms. The body, representing a large section of private hospitals, has urged the government to include a clause for 1 percent interest on bills that remain unpaid beyond 30 days. According to them, the demand is aimed at ensuring accountability among officials responsible for processing reimbursements. 'If the government assures payments within a month, mid-size hospitals can consider joining. But for larger hospitals, the current rates are simply not viable. If payments are delayed, a 1 percent interest must be added to compel timely disbursement and maintain pressure on officials,' said Dr Girdhar J Gyani, Director General of AHPI. Doctors also pointed out that the scheme's reimbursement rates are just 30 to 40 per cent of prevailing market costs and are even lower than the Central Government Health Scheme (CGHS) rates, which have not been revised since 2014. Many hospitals have also flagged pending dues under the Delhi Arogya Kosh (DAK) scheme introduced by the previous AAP government. 'My payment of `60 lakh is still stuck under DAK,' said Dr Narin Sehgal, owner of Sehgal Neo Hospital. He said the compensation offered under the Ayushman Bharat scheme barely covers operating costs. 'The government must act promptly to release outstanding dues if it expects the participation of private hospitals. Past experiences in other states show how delayed payments have hampered implementation, and Delhi seems no different,' added Sehgal, who also serves as Secretary of the AHPI's Delhi Chapter.
Local Germany
14-04-2025
- Health
- Local Germany
German health insurance boss warns of 'massive' contributions hike
"If further action is not taken, a contribution tsunami is inevitable with this coalition agreement," Andreas Strom, the CEO of DAK-Gesundheit, told the Augsburger Allgemeine newspaper on Sunday. Back in January, long-term care insurance ( Pflegeversicherung ) contributions rose to 3.6 percent, while the recommended ceiling for additional health insurance contributions was raised from 1.8 percent to 2.5 percent. According to Storm, statutory health insurance is facing another increase of at least half a percent point at the end of the year. This would mean employees pay an extra 0.25 percent - or €25 on every €1,000 earned - on their health insurance contributions each month. "In conjunction with rising long-term care insurance contributions, we are then moving towards total social security contributions of 43 percent," the DAK CEO explained. "This is not only an imposition on insured employees, pensioners, and employers, it is also poison for the economy." According to Storm, the CDU/CSU and SPD - who are due to form a government in May - have failed to set out adequate funding for Germany's financially strained insurance funds. READ ALSO: How Germany's new coalition will affect your bank balance "All concrete measures mentioned in the drafts that could have ensured the goal of stable social security contributions in the short term were deleted from the final coalition agreement," he said. Advertisement In previous plans drafted by the parties, a total of €20 billion was earmarked in order to cover "non-insurance costs" for health insurance, including care for the unemployed and Covid-related backlogs. In addition, around €9 billion was earmarked for the long-term care insurance funds. These "urgently needed funds" were deleted without replacement in the final version of the coalition agreement, Strom said. With reporting by Imogen Goodman
Yahoo
23-03-2025
- Health
- Yahoo
Sick days due to depression up 50% among German workers, report finds
The number of sick days taken by workers in Germany due to depression rose by around 50% last year, figures from a leading health insurance company have showed. The mental health report by DAK-Gesundheit, released on Sunday, said there were 183 sick days due to depression for every 100 employees the company insured in 2024, up from 122 days in the previous year. Sick days due to mental health rose from 323 to 342 per 100 employees, the figures showed, with workers in child care and elderly care work particularly affected. "The high number of mental illnesses is often associated with long absences and stigmatization for the affected employees and their employers," said DAK chief executive Andreas Storm. "We can no longer close our eyes, because mental health is a key success factor for a resilient society and for Germany as a strong business location." Storm called for increased awareness of the causes and taboo-free information on depression and anxiety disorders as well as support services to strengthen mental health. All age groups are affected by the rise in depression. The figures for younger people have been gradually increasing for several years, while there was a sharp rise in the older age groups in 2024. According to the DAK figures, the average duration of sick leave due to mental illness in 2024 was just under 33 days, slightly above the previous year's level. DAK-Gesundheit is one of the largest statutory health insurance companies in Germany. The mental health report was conducted using the anonymized data of 2.42 million DAK-insured employees, with the help of the IGES Institute in Berlin.
