Sentence examples for large asset base from inspiring English sources

"We only requested a $30m guarantee to support our company's borrowings backed by our large asset base," Mensinck said.

Lisa Gallegos, a spokeswoman for Franklin Templeton, said the fund had a "well-diversified and large asset base" that would help insulate "against the need to sell positions before their targets have been achieved".

All 10 funds share one more quality: They are big enough to be efficient, since a large asset base lowers costs, but they are still small enough to be nimble.

For plan sponsors with very large asset bases, generally $1 billion or more, the firms almost always charge a flat fee.

While funds with large asset bases should be approached with caution, there is no science to picking the maximum asset size of a small-cap fund, Mr. Edwards said.

It closed to new investors in June 1997, when assets hit $25 million, because a larger asset base would make it difficult for Mr. Montgomery to trade such small companies; it is scheduled to close to current shareholders at $55 million.

The fund companies argued that as more and more new customers invested their money, funds' operating costs would be spread over a larger asset base.

"We believe that shareholders' interests are best served by our focusing on the much larger water asset base, which offers significantly more growth potential than our electricity assets," a company statement said.

"However, each of these companies has a large and diversified asset base and we believe temporary refining downtime would not have a material negative impact on earnings," Merrill said.

Once the world's largest bank, Citigroup's asset base of $2tn is much larger than Lehman Brothers, whose bankruptcy in September led to a deepening of the credit crisis that was threatening to engulf Citigroup.

Last year ICICI Bank earned $460 million on revenues of $1.4 billion and $39 billion in assets–still small change compared with Citibank, its main rival in India, with a $1.5 trillion global asset base, but large enough to become India's biggest private-sector bank.