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Slide 1
Slide 1

... This material is for institutional investor use only and may not be quoted, reproduced or shown to the public, nor used in written form as sales literature for public use. Consider the investment objectives, risks, and charges and expenses carefully. For this and other information about AIM funds, o ...
Investment Embracing Sharia Principles
Investment Embracing Sharia Principles

... - ₤3.3 billion for Dubai Ports project - underwritten by Barclays Capital * source: Financial Times (July 2006) Please refer to the Legal Disclaimer ...
Semi-Annual Report
Semi-Annual Report

... reimburse expenses of each Fund to maintain designated expense ratios through April 30, 2017. This expense limitation excludes interest, taxes, brokerage commissions, indirect fees and expenses related to investments in other investment companies, including money market funds, and extraordinary expe ...
Statement of investment policies and procedures
Statement of investment policies and procedures

... In fulfilling its responsibilities, the Administrator may delegate to, or otherwise utilize, the Pension Committee or employees of the University, where appropriate. The Administrator shall retain responsibility and utilize suitable personnel for such activities and monitor the activities undertaken ...
Listing on the FTSE-100: Does it matter?
Listing on the FTSE-100: Does it matter?

... with relatively low transaction costs and a high degree of publicly available information.1 This research therefore allows consideration both of the impact of index funds and the apparent relation between the value of a stock and its liquidity. Second, as noted below, research to date has focused on ...
The SEI Strategic Portfolios We have prepared the following
The SEI Strategic Portfolios We have prepared the following

... financial markets and potentially reduce risk, a portfolio should also be diversified within asset classes and across alpha sources. An alpha source is the investment approach taken by an active manager in an effort to generate excess returns. SEI look for sources of excess return that have demonstr ...
XPP-PDF Support Utility
XPP-PDF Support Utility

... harmonizing the limitations on a fund’s illiquid investments with the general liquidity classification framework, the Commission sought to create consistency in the value impact standards used across the liquidity categories, which otherwise would have been different under the Proposal. Classificati ...
private equity fund performance signals and the likelihood of follow
private equity fund performance signals and the likelihood of follow

... Signaling theory is useful in describing behavior when two parties have access to different information (Connelly et al., 2011). In such situations, the sender of the signal must choose whether and how to signal information, whereas the receiver must choose how to interpret the signal. Typically, si ...
Worth the risk? The appeal and challenges of high
Worth the risk? The appeal and challenges of high

... series, it’s important to note that even during the first and third periods, the total return lagged the average yield, a likely result of the loss rate associated with high-yield bond defaults. If losses were not an issue, it might be reasonable to expect income and total returns to be on par with ...
Target Date Funds FRED REISH, ESQ.
Target Date Funds FRED REISH, ESQ.

... Continued . . . ...
MEASURING VALUE AT RISK ON EMERGING
MEASURING VALUE AT RISK ON EMERGING

... forecasting market risk in Serbian stock market. Using the daily returns of the Serbian stock index BELEX 15 we tested the relative performance of a variety of symmetric and asymmetric GARCH type models based on normal and Student t distribution for period of October 2005 to October 2012, a sufficie ...
Annual Report
Annual Report

... Costs are carefully managed  The costs of running the Fund are managed carefully. This section shows fees and other costs you may be charged. These fees and costs may be deducted from your money, from the returns on your investment, or from the Fund assets as a whole. You need to take into account t ...
Mutual Fund Performance and the Incentive to Generate Alpha
Mutual Fund Performance and the Incentive to Generate Alpha

... Tufano (2009), we find that direct-sold funds have significantly higher alphas than broker-sold funds, on the order of 115 basis points per year. Because the pricing of small-cap equity may be less efficient than the pricing of large-cap equity, we test for and find that the differences in alpha, r ...
Slide 0 - Astana Economic Forum 2013
Slide 0 - Astana Economic Forum 2013

... approval on February 15, 2012.This document is for informational purposes only and all information contained herein is subject to revision and completion. This document does not constitute or form part of an offer to issue or sell, or of a solicitation of an offer to subscribe or buy, any securities ...
Your guide to investing in With-Profits
Your guide to investing in With-Profits

... returns is very important in deciding how much to pay out each year. If PAC expects investment returns to fall, it will reduce the Regular Bonus to bring it in line with its expectations for the future, even if actual returns in recent years have been higher. The guaranteed minimum value payable on ...
SAVINGS AND INNOVATION IN THE US CAPITAL MARKET
SAVINGS AND INNOVATION IN THE US CAPITAL MARKET

... required resources to develop teat and commercialize their ideas in the R&D divisions of existing corporations or in corporate venture capital funds (CVCs). If the entrepreneurs have revolutionary ideas that can change the currently incumbent technology they have a better chance to raise the necess ...
Client Letter Aug 14
Client Letter Aug 14

... Inflation and Budget deficits are nowhere near ‘destabilizing’ region. The recent strong Government which is action oriented, will also have a positive impact in containing impact from such macro risks but can’t be expected to eliminate them. The occurrence of a ‘Black swan’ event may have an impact ...
Morningstar High Growth Real Return
Morningstar High Growth Real Return

... systems could fail or there could be errors, anomalies or irregularities. Contractual Risk In the interests of efficient investment, Morningstar may act on an investment application before confirmation that application monies have been received. If an investor fails to meet its contractual obligatio ...
TED Spread
TED Spread

... The opinions voiced in this material are for general information only and are not intended to provide or be construed as providing specific investment advice or recommendations for any individual. To determine which investments may be appropriate for you, consult your financial advisor prior to inve ...
The Performance of Norwegian Investment Grade
The Performance of Norwegian Investment Grade

... performance,  net  of  expenses.  To  our  knowledge,  Gjerde  and  Sættem  (1996)  is  the  only  paper   providing  evidence  from  the  Norwegian  market.  Compared  to  the  BRIX-­‐index,3  they  conclude   on  non-­‐superior  performance ...
What Matters for Emerging Market Investments
What Matters for Emerging Market Investments

... factor for both company and country selection is liquidity. ING Barings considers other factors, including frequent financial reporting and the availability of high quality data. Although there are some hierarchical differences in the structure of construction, there is little difference in the beha ...
schroders liquid alternatives br en
schroders liquid alternatives br en

... returns throughout the market cycle by investing in large or mid-cap companies across Europe and the UK. Schroder ISF European Alpha Absolute Return aims to deliver consistent returns in all market conditions, from rising and falling equity prices. The fund invests primarily in medium-sized European ...
Gold and Precious Metals Fund
Gold and Precious Metals Fund

... In accordance with its power to decide whether the Contribution to the Receiving Fund is in the interest of shareholders as provided in article 5 of the articles of incorporation of Schroder Alternative Solutions, the board of directors of Schroder Alternative Solutions, after considerable analysis ...
Superannuation funds and alternative asset investment
Superannuation funds and alternative asset investment

... Another problem related to overpaying for assets is investing in poorer quality assets, which may be a particular risk for trustees who are new entrants to alternative investment markets. There is some concern that the supply of high-quality alternative assets is limited, both domestically and inter ...
UN PRI and private equity returns. Empirical evidence from the US
UN PRI and private equity returns. Empirical evidence from the US

... actively involve all stakeholders in the decisionmaking process in trying to show the largest possible disclosure (Beuselinck et al., 2008). The United Nations Principles for Responsible Investment (UN PRI) is a program established by the United Nations in 2006, that has gained more and more notorie ...
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Index fund

An index fund (also index tracker) is an investment fund (usually a mutual fund or exchange-traded fund) that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions. As of 2013, index funds made up 18.4% of equity mutual fund assets in the US.
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