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Slide 1
Slide 1

... by the Government to improve the regulatory environment for businesses and positions Zambia ahead of many African economies”. “However, it is important to recognize that reducing the ease of doing business is a beginning and a starting point to reducing the cost of doing business and increasing comp ...
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Problem Set #10 Solutions 1. Using the index model, the alpha of a

... earned a positive alpha that is statistically significantly different from zero has a beta precisely equal to 0.890 has a beta that could be anything between 0.6541 and 1.465 inclusive has no systematic risk ...
Instructions: Exercises for seminar no. 1, 7 Sept.
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STRS Total Guaranteed Return Choice 2018

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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.
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