Mutual Fund Age, Performance, and the Optimal Track Record
... persistent, and can be adequately explained by the factors listed above. This contradicts the findings of Elton, Gruber, and Blake, who hypothesize that the performance persistence they find could be attributed to manager skill, and also contradicts the findings of authors of earlier papers, such as ...
... persistent, and can be adequately explained by the factors listed above. This contradicts the findings of Elton, Gruber, and Blake, who hypothesize that the performance persistence they find could be attributed to manager skill, and also contradicts the findings of authors of earlier papers, such as ...
(2006), "Tariff Jumping and Joint Ventures"
... is limited and our paper is distinct from the existing contributions on various counts. First, we analyze "joint-ventures" (JVs) between a local firm and the foreign firm and demonstrate that high level of tariffs do deter JVs under very general conditions. Second, existing contributions focus on "i ...
... is limited and our paper is distinct from the existing contributions on various counts. First, we analyze "joint-ventures" (JVs) between a local firm and the foreign firm and demonstrate that high level of tariffs do deter JVs under very general conditions. Second, existing contributions focus on "i ...
Italian Cooperative Federations: A 10-minute intro
... reserves can vary. (About 87% on average.) Historically, Italian coops have paid very little patronage, putting most profits into reserves. Profits put in indivisible reserves were 100% taxfree from 1977 until 2002. ...
... reserves can vary. (About 87% on average.) Historically, Italian coops have paid very little patronage, putting most profits into reserves. Profits put in indivisible reserves were 100% taxfree from 1977 until 2002. ...
SECURITIES TRADING POLICY
... No short-term trading in the Company’s securities Directors and employees should never engage in short-term trading of the Company’s securities except for the exercise of options where the shares will be sold shortly thereafter. ...
... No short-term trading in the Company’s securities Directors and employees should never engage in short-term trading of the Company’s securities except for the exercise of options where the shares will be sold shortly thereafter. ...
The Malta Alternative Investment Funds
... primary investment fund vehicle for all types of professional and sophisticated investors, which funds are a direct product of the AIFM directive. This directive aims to establish common requirements for the authorization and supervision of AIFs. It also provides a harmonized regulatory framework fo ...
... primary investment fund vehicle for all types of professional and sophisticated investors, which funds are a direct product of the AIFM directive. This directive aims to establish common requirements for the authorization and supervision of AIFs. It also provides a harmonized regulatory framework fo ...
Data Mining, Arbitraged Away, or Here to Stay?
... characteristics, such as: past returns (momentum), price multiples (value), realized volatility (low vol), yield (carry), accounting return on equity (profitability), accounting asset growth rate (investment), etc. This excludes the value-weighted market portfolio for any asset class (or groups of a ...
... characteristics, such as: past returns (momentum), price multiples (value), realized volatility (low vol), yield (carry), accounting return on equity (profitability), accounting asset growth rate (investment), etc. This excludes the value-weighted market portfolio for any asset class (or groups of a ...
Shareholder Assessment of Bond Fund Risk Ratings
... views of bond fund risk ratings. The survey participants included shareholders who owned equity and bond funds as well as those owning money market funds. Most of the respondents were seasoned fund investors who had long-term financial goals and long-term investment strategies. The survey questionna ...
... views of bond fund risk ratings. The survey participants included shareholders who owned equity and bond funds as well as those owning money market funds. Most of the respondents were seasoned fund investors who had long-term financial goals and long-term investment strategies. The survey questionna ...
Menendez FY 14 Appropriations Request Letter
... the U.S. Department of Treasury in 1994 to promote community development in economically distressed urban and rural communities by investing in and growing Community Development Financial Institutions (CDFIs) across the country. CDFIs, are community-based, mission-driven financial institutions that ...
... the U.S. Department of Treasury in 1994 to promote community development in economically distressed urban and rural communities by investing in and growing Community Development Financial Institutions (CDFIs) across the country. CDFIs, are community-based, mission-driven financial institutions that ...
Country risk, country risk indices, and valuation of FDI: A real options
... investment’s risk caused by the location within national borders. Country risk is often meant to measure the possibility of loss only, or what we might call downside risk. What we understand by the term country risk will to some degree depend on the type of investment. It is common to use three cate ...
... investment’s risk caused by the location within national borders. Country risk is often meant to measure the possibility of loss only, or what we might call downside risk. What we understand by the term country risk will to some degree depend on the type of investment. It is common to use three cate ...
Q1-07 CFO Presentation
... financing, financial and operating results, and regulation that are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward looking statements will not prove to be accurate so do not place undue reliance on them. Factors that could cause actual resul ...
... financing, financial and operating results, and regulation that are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward looking statements will not prove to be accurate so do not place undue reliance on them. Factors that could cause actual resul ...
The Effect of the Financial Leverage on the Profitability in the
... modernization of capital market in Jordan, the Jordanian government validated a number of laws in 1997 which aim at developing the capital, including securities law where securities commission, Amman Stock Exchange, and securities depository center were established according it. Investment is define ...
... modernization of capital market in Jordan, the Jordanian government validated a number of laws in 1997 which aim at developing the capital, including securities law where securities commission, Amman Stock Exchange, and securities depository center were established according it. Investment is define ...
Schroders The effect of unstable correlations on portfolio diversification
... realistic time frame, it seems reasonable to suggest that the following key risks might pose real threats to this objective: – Different inflation regimes. Do asset classes behave differently (and relative to one another) in high, medium and low inflation environments? – Episodes of equity market vo ...
... realistic time frame, it seems reasonable to suggest that the following key risks might pose real threats to this objective: – Different inflation regimes. Do asset classes behave differently (and relative to one another) in high, medium and low inflation environments? – Episodes of equity market vo ...
Challenges of Investing in Emerging Capital Markets: Integration vs. Segmentation
... Paper presented by Global Investment House in the ...
... Paper presented by Global Investment House in the ...
drivers of the global real estate financial markets
... lenders largely depend on short-term deposits as their main source of funding and might not have access to long-term funds. This prohibits them from making longterm mortgages to home buyers as it would expose their balance sheets to an asset-liability mismatch. ...
... lenders largely depend on short-term deposits as their main source of funding and might not have access to long-term funds. This prohibits them from making longterm mortgages to home buyers as it would expose their balance sheets to an asset-liability mismatch. ...
Materials - StevensonHighSchoolScienceClub
... Options as an investment tool, offers many advantages over more traditional stocks or bonds. Cost efficiency is a major advantage of using stock option as in investment tool. The investor only pays for the options and not the underlying asset, which could cost a great deal more. Since there is less ...
... Options as an investment tool, offers many advantages over more traditional stocks or bonds. Cost efficiency is a major advantage of using stock option as in investment tool. The investor only pays for the options and not the underlying asset, which could cost a great deal more. Since there is less ...
Competition, Reach for Yield, and Money Market Funds
... “Reach for yield” refers to the tendency to buy riskier assets in order to achieve higher returns. Recently, there has been much debate about asset managers reaching for yield in a low risk-free rate environment, especially in competitive industries. Asset managers are typically compensated with ass ...
... “Reach for yield” refers to the tendency to buy riskier assets in order to achieve higher returns. Recently, there has been much debate about asset managers reaching for yield in a low risk-free rate environment, especially in competitive industries. Asset managers are typically compensated with ass ...
The Impact of Non-Transparency on Foreign Direct Investment
... economic agents – such as firms, governments, public policy institutions or even individual governments. Take, for example, the case of the ongoing discussions about international financial "architecture". One of the recent proposals was to ensure that the International Monetary Fund should be in th ...
... economic agents – such as firms, governments, public policy institutions or even individual governments. Take, for example, the case of the ongoing discussions about international financial "architecture". One of the recent proposals was to ensure that the International Monetary Fund should be in th ...
ratio - ENTR-203
... Types of Business Ratios (continued) Profitability ratios are used by potential investors and creditors to determine how much of an investment will be returned from either earnings on revenues or appreciation of assets. Market ratios are used to compare firms within the same industry. They are pr ...
... Types of Business Ratios (continued) Profitability ratios are used by potential investors and creditors to determine how much of an investment will be returned from either earnings on revenues or appreciation of assets. Market ratios are used to compare firms within the same industry. They are pr ...
WHAT HAPPENS WHEN YOU REGULATE RISK?
... of a trade, therefore increases with the severity of regulation. Hence for a given change in demand, prices move more with regulation than without, implying higher (local) volatility and lower liquidity post regulation. In a crisis, we expect financial institutions to have to sell assets, e.g. to mee ...
... of a trade, therefore increases with the severity of regulation. Hence for a given change in demand, prices move more with regulation than without, implying higher (local) volatility and lower liquidity post regulation. In a crisis, we expect financial institutions to have to sell assets, e.g. to mee ...
Investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.