Here
... $6.1B outstanding. We expect their debt levels to remain relatively flat, as they have multiple notes maturing during 2014 and 2015. We also do not believe the company will undertake any acquisitions, but will instead rely on organic sales growth, which they can safely fund through cash. If Colgate ...
... $6.1B outstanding. We expect their debt levels to remain relatively flat, as they have multiple notes maturing during 2014 and 2015. We also do not believe the company will undertake any acquisitions, but will instead rely on organic sales growth, which they can safely fund through cash. If Colgate ...
Portfolio choice with jumps: A closed-form solution
... when jumps are included, the determination of an optimal portfolio has not been amenable to a closed-form solution, and this is a long-standing open problem in continuous-time finance. As a result, with n assets, one must solve numerically an n-dimensional nonlinear equation. This is difficult, if n ...
... when jumps are included, the determination of an optimal portfolio has not been amenable to a closed-form solution, and this is a long-standing open problem in continuous-time finance. As a result, with n assets, one must solve numerically an n-dimensional nonlinear equation. This is difficult, if n ...
World Residential Markets
... definition, local, rooted to the earth in a particular time and place. Most are not traded globally like gold, commodities, equities and bonds although there are global forces at work on them and shaping their future. Success in buying homes or residential property investments abroad therefore depen ...
... definition, local, rooted to the earth in a particular time and place. Most are not traded globally like gold, commodities, equities and bonds although there are global forces at work on them and shaping their future. Success in buying homes or residential property investments abroad therefore depen ...
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... are “possible;” they simply differ about which are more likely. Our investors are risk-neutral; thus, they assess the attractiveness of the asset by considering the expected present value of its dividends (while it is held) plus the amount realized by its sale (if it is sold). Each group of investor ...
... are “possible;” they simply differ about which are more likely. Our investors are risk-neutral; thus, they assess the attractiveness of the asset by considering the expected present value of its dividends (while it is held) plus the amount realized by its sale (if it is sold). Each group of investor ...
NRG Energy Investor Conference- Day 2: Afternoon Presentation
... EBITDA(1) run rate largely driven by increased confidence with respect to retail sales, commercial synergies(2), and newly implemented downside risk mitigation ...
... EBITDA(1) run rate largely driven by increased confidence with respect to retail sales, commercial synergies(2), and newly implemented downside risk mitigation ...
Chapter 9 The Economics of Valuation
... In recent years we have seen a renewed effort to empirically attack the EMH and offer explanations for certain anomalies identified in the markets. We have seen that much of this renewed effort has stemmed from participants and academics that fall under the category of Behavioral Finance. Thus far, ...
... In recent years we have seen a renewed effort to empirically attack the EMH and offer explanations for certain anomalies identified in the markets. We have seen that much of this renewed effort has stemmed from participants and academics that fall under the category of Behavioral Finance. Thus far, ...
The Performance of Norwegian Investment Grade
... outperform passive portfolios. Due to the lack of appropriate benchmarks for evaluation in the Norwegian market, we construct and include a bond index in our analysis. Across several different model specifica ...
... outperform passive portfolios. Due to the lack of appropriate benchmarks for evaluation in the Norwegian market, we construct and include a bond index in our analysis. Across several different model specifica ...
Financial Instability Revisited: The Economics of Disaster
... depression cycles were associated with a financial crisis and all clearly mild depression cycles were not* Friedman and Schwartz choose to ignore this phenomena, preferring a monolithic explanation for both 1929-33 and 1960-61 • It seems better to posit that mild and deep depressions are quite diffe ...
... depression cycles were associated with a financial crisis and all clearly mild depression cycles were not* Friedman and Schwartz choose to ignore this phenomena, preferring a monolithic explanation for both 1929-33 and 1960-61 • It seems better to posit that mild and deep depressions are quite diffe ...
Forward Looking Statements Non-GAAP
... that is widely used to evaluate performance within the insurance sector. In calculating operating income, we have excluded the after-tax effects of net realized investment gains or losses and guaranty fund assessments or recoupments that do not reflect normal operating results. We believe operating ...
... that is widely used to evaluate performance within the insurance sector. In calculating operating income, we have excluded the after-tax effects of net realized investment gains or losses and guaranty fund assessments or recoupments that do not reflect normal operating results. We believe operating ...
DOC - Piedmont Office Realty Trust
... the annual report and notice of annual meeting of stockholders to be held June 26, 2002 (Stockholders' Meeting). Proposal 3, as described in the Proxy Statement, requested stockholder approval of certain amendments to our Articles of Incorporation to bring them into conformity with industry practice ...
... the annual report and notice of annual meeting of stockholders to be held June 26, 2002 (Stockholders' Meeting). Proposal 3, as described in the Proxy Statement, requested stockholder approval of certain amendments to our Articles of Incorporation to bring them into conformity with industry practice ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... of assets than stocks and bonds, including real estate, consumer durables, noncorporate businesses, depletable natural resources, and such "storeof-value" assets as land, gold, and antiques; some of these investment opportunities actually become more attractive when the rate of inflation increases.3 ...
... of assets than stocks and bonds, including real estate, consumer durables, noncorporate businesses, depletable natural resources, and such "storeof-value" assets as land, gold, and antiques; some of these investment opportunities actually become more attractive when the rate of inflation increases.3 ...
Valuing stock markets and the equity risk premium
... consumption is already high. A higher rate of return will be required by investors to hold this type of asset than for assets which help smooth the consumption path. How much higher this required rate of return will be depends on the investors’ degree of risk aversion. A high degree of risk aversion ...
... consumption is already high. A higher rate of return will be required by investors to hold this type of asset than for assets which help smooth the consumption path. How much higher this required rate of return will be depends on the investors’ degree of risk aversion. A high degree of risk aversion ...
- Brookings Institution
... countries to developing countries. In the context of China, it is also a primary mechanism for the transfer of foreign management methods and worker discipline into the country. Exports expose exporting firms to the rigor of international competition as well as to new techniques in marketing and pro ...
... countries to developing countries. In the context of China, it is also a primary mechanism for the transfer of foreign management methods and worker discipline into the country. Exports expose exporting firms to the rigor of international competition as well as to new techniques in marketing and pro ...
FREE Sample Here
... According to Merton (1995) financial systems perform six functions. The function that employs the use of derivatives is: A. to provide the means for the settlement of commercial transactions B. to arrange the flow of funds from surplus to deficit units C. to provide ways for participants in the fina ...
... According to Merton (1995) financial systems perform six functions. The function that employs the use of derivatives is: A. to provide the means for the settlement of commercial transactions B. to arrange the flow of funds from surplus to deficit units C. to provide ways for participants in the fina ...
Asia Pacific Real Estate Strategic Outlook
... statements. Due to various risks, uncertainties and assumptions made in our analysis, actual events or results or the actual performance of the markets covered by this presentation report may differ materially from those described. The information herein reflect our current views only, are subject t ...
... statements. Due to various risks, uncertainties and assumptions made in our analysis, actual events or results or the actual performance of the markets covered by this presentation report may differ materially from those described. The information herein reflect our current views only, are subject t ...
The Welfare Cost of Business Cycles with
... over time but also across all idiosyncratic features of the population. In other words, this welfare measure acts as if people were asked ex ante which economy they would like to be born in. Hence, the measure of business cycles can be thought of as the amount of consumption compensation newborns sh ...
... over time but also across all idiosyncratic features of the population. In other words, this welfare measure acts as if people were asked ex ante which economy they would like to be born in. Hence, the measure of business cycles can be thought of as the amount of consumption compensation newborns sh ...
European Fixed Interest - Invesco Global Product Range
... Source: Invesco Perpetual, Bloomberg, 31 March 2017, unless otherwise noted. $ = USD. Indices are BoAML. Return data in local currency. *Price return. **Bloomberg field: YAS_MOD_DUR. This is not financial advice and not a recommendation to buy / hold / sell these securities. There is no guarantee th ...
... Source: Invesco Perpetual, Bloomberg, 31 March 2017, unless otherwise noted. $ = USD. Indices are BoAML. Return data in local currency. *Price return. **Bloomberg field: YAS_MOD_DUR. This is not financial advice and not a recommendation to buy / hold / sell these securities. There is no guarantee th ...
The Green Investment Report The ways and means to unlock private
... measures across much of the OECD. Therefore, reliance on public-sector investment must be minimised, and more attention paid to attracting private finance, which is at the core of the green growth transition. Assets being managed in the OECD amount to US$ 71 trillion; but deploying these assets towa ...
... measures across much of the OECD. Therefore, reliance on public-sector investment must be minimised, and more attention paid to attracting private finance, which is at the core of the green growth transition. Assets being managed in the OECD amount to US$ 71 trillion; but deploying these assets towa ...
Responding to the Stubbornly Steep U.S. Treasury Yield Curve
... curve strategies can supplement more typical duration, sector, and credit management strategies. As economic conditions improve and bond portfolios face more inflation and interest rate challenges, it’s a good time to assess what tools fixed income managers have ready and available in their toolboxe ...
... curve strategies can supplement more typical duration, sector, and credit management strategies. As economic conditions improve and bond portfolios face more inflation and interest rate challenges, it’s a good time to assess what tools fixed income managers have ready and available in their toolboxe ...
Innovative Financial Mechanisms for Urban Heritage
... Infrastructure Funds and Real Estate Funds have been growing rapidly in the past few years, but they suffer from various limitations. In both cases the funds generally do not focus on urban regeneration issues and they lack an integrated approach and coherence with city development strategies. Moreo ...
... Infrastructure Funds and Real Estate Funds have been growing rapidly in the past few years, but they suffer from various limitations. In both cases the funds generally do not focus on urban regeneration issues and they lack an integrated approach and coherence with city development strategies. Moreo ...
Annual Equity-Based Insurance Guarantees Conference
... retirement savings industry. Milliman’s work helps the clients of life insurance companies, banks, financial advisory platforms and mutual fund firms create strategies for success in retirement. In particular, the Milliman Managed Risk Strategy provides retail investors with institutional quality ma ...
... retirement savings industry. Milliman’s work helps the clients of life insurance companies, banks, financial advisory platforms and mutual fund firms create strategies for success in retirement. In particular, the Milliman Managed Risk Strategy provides retail investors with institutional quality ma ...
The Lender`s View of Debt and Equity: The Case
... accumulated benefit obligation, the corporate sponsor cannot include the surplus on its balance sheet. This asymmetric accounting treatment expresses a widely held view among pension professionals that as guarantor of the accumulated pension benefits, the sponsoring corporation is liable for pension ...
... accumulated benefit obligation, the corporate sponsor cannot include the surplus on its balance sheet. This asymmetric accounting treatment expresses a widely held view among pension professionals that as guarantor of the accumulated pension benefits, the sponsoring corporation is liable for pension ...
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.