Nuveen Build America Bond Fund
... limit its total effective leverage to 33% of Managed Assets. The Fund’s integrated leverage and hedging strategy may not work as planned or achieve its goals. You should read this prospectus, which contains important information about the Fund, before deciding whether to invest and retain it for fut ...
... limit its total effective leverage to 33% of Managed Assets. The Fund’s integrated leverage and hedging strategy may not work as planned or achieve its goals. You should read this prospectus, which contains important information about the Fund, before deciding whether to invest and retain it for fut ...
WP SES
... use daily observations of exchange-traded S&P 500 options obtained from the Market Data Express Service of the Chicago Board of Option Exchange (CBOE). We first remove from the sample non-continuous options and those with prices that violate the arbitrage conditions significantly. The sample contain ...
... use daily observations of exchange-traded S&P 500 options obtained from the Market Data Express Service of the Chicago Board of Option Exchange (CBOE). We first remove from the sample non-continuous options and those with prices that violate the arbitrage conditions significantly. The sample contain ...
Testing CAPM
... Even when alone, beta fails to explain returns! Size has reliable negative relation with returns Book-to-market has even stronger (positive) relation Market and book leverage have significant, but opposite effect on returns (+/-) ...
... Even when alone, beta fails to explain returns! Size has reliable negative relation with returns Book-to-market has even stronger (positive) relation Market and book leverage have significant, but opposite effect on returns (+/-) ...
- Franklin Templeton Investments
... 1. Securities owned by the Fund, but not shares of the Fund, are issued or guaranteed by the U.S. government, its agencies or instrumentalities, including governmentsponsored entities, as to timely payment of principal and interest. 2. Although U.S. government-sponsored entities may be chartered by ...
... 1. Securities owned by the Fund, but not shares of the Fund, are issued or guaranteed by the U.S. government, its agencies or instrumentalities, including governmentsponsored entities, as to timely payment of principal and interest. 2. Although U.S. government-sponsored entities may be chartered by ...
Fees Eat Diversification`s Lunch
... Expenses versus diversification benefits Diversification is often spoken of as the only free lunch in investing. Here, we consider whether it is a wholesome meal or empty calories.3 Data. We have two key data sources. First, we use the J. P. Morgan (JPM, hereafter) Long-term Capital Market Return As ...
... Expenses versus diversification benefits Diversification is often spoken of as the only free lunch in investing. Here, we consider whether it is a wholesome meal or empty calories.3 Data. We have two key data sources. First, we use the J. P. Morgan (JPM, hereafter) Long-term Capital Market Return As ...
LLB Fund Overview - Quarterly Report 1 / 2017
... Dr. Thomas Mächtel Head of Business Management LLB Asset Management AG ...
... Dr. Thomas Mächtel Head of Business Management LLB Asset Management AG ...
Demystifying Responsible Investment Performance
... a neutral effect and 3 a negative association. A combination of short data samples, variability in data sources and different geographic regions probably explains the divergence in results. While many of the academic studies focus on examining the impact of screened versus traditional portfolio retu ...
... a neutral effect and 3 a negative association. A combination of short data samples, variability in data sources and different geographic regions probably explains the divergence in results. While many of the academic studies focus on examining the impact of screened versus traditional portfolio retu ...
What makes a great value investor?
... stock picking. The Kennox approach could be considered to be macrofundamentalist in as much as the fund is not restricted in the markets which it invests in although geographic considerations would only be one of a number of secondary factors in the investment process. The other macrofundamentalist ...
... stock picking. The Kennox approach could be considered to be macrofundamentalist in as much as the fund is not restricted in the markets which it invests in although geographic considerations would only be one of a number of secondary factors in the investment process. The other macrofundamentalist ...
The Effects of Unrecorded Assets and Information
... samples. Because we used these companies’ actual earnings and returns for the next three years as proxy variables for future earnings information and error measurement, information regarding 2006 sample companies was collected until April 30, 2011. The data evaluation results were obtained from the ...
... samples. Because we used these companies’ actual earnings and returns for the next three years as proxy variables for future earnings information and error measurement, information regarding 2006 sample companies was collected until April 30, 2011. The data evaluation results were obtained from the ...
Franklin Flexible Alpha Bond Fund Prospectus
... existing account, please make sure we have your bank account information on file. If we do not have this information, you will need to send written instructions with your bank’s name and address and a voided check or savings account deposit slip. All bank and Fund account owners must sign the reques ...
... existing account, please make sure we have your bank account information on file. If we do not have this information, you will need to send written instructions with your bank’s name and address and a voided check or savings account deposit slip. All bank and Fund account owners must sign the reques ...
14. procedure for application and allotment
... The process for participating in this offering involves the key steps discussed below: ...
... The process for participating in this offering involves the key steps discussed below: ...
Playing the Field: Geomagnetic Storms and the Stock
... with the empirical finding that institutional ownership is positively correlated with stock capitalization, small cap stocks being held mostly by individuals [Gompers and Metrick (2001)]. Since investment decisions of individual investors are more likely to be affected by emotions and mood than thos ...
... with the empirical finding that institutional ownership is positively correlated with stock capitalization, small cap stocks being held mostly by individuals [Gompers and Metrick (2001)]. Since investment decisions of individual investors are more likely to be affected by emotions and mood than thos ...
Retirement Plan Enrollment Booklet
... worrying about the garden-variety expenses of everyday living. Any time more than one issue is competing for your attention, there’s typically a loser; in the battle of financial goals, it’s often retirement. Losing this battle could mean less financial resources to rely on during what may be three ...
... worrying about the garden-variety expenses of everyday living. Any time more than one issue is competing for your attention, there’s typically a loser; in the battle of financial goals, it’s often retirement. Losing this battle could mean less financial resources to rely on during what may be three ...
HSBC Global Liquidity Funds Prospectus
... The Articles of Association of the Company give powers to the Directors to impose restrictions on the holding of Shares by or the transfer of Shares in certain circumstances. Please refer to the sections entitled "Compulsory Transfer of Shares" and "Conditions Relating to Repurchase of Shares". Shar ...
... The Articles of Association of the Company give powers to the Directors to impose restrictions on the holding of Shares by or the transfer of Shares in certain circumstances. Please refer to the sections entitled "Compulsory Transfer of Shares" and "Conditions Relating to Repurchase of Shares". Shar ...
Investor Sentiment and Chinese A
... regulations and the investor composition. In China, the quality of financial data about listed companies are not reliable and it is not fully developed about the stock market‟s framework of regulatory. One of the most special institutional characters of the Chinese A-share stock market is the absolu ...
... regulations and the investor composition. In China, the quality of financial data about listed companies are not reliable and it is not fully developed about the stock market‟s framework of regulatory. One of the most special institutional characters of the Chinese A-share stock market is the absolu ...
ask investment managers private limited
... investment objectives to achieve optimal returns based on his risk profile. Under the Discretionary Portfolio Management service, investment decisions are at the sole discretion of the Portfolio Manager as long as they are in sync with the investor’s investment objectives. Under the Non Discreti ...
... investment objectives to achieve optimal returns based on his risk profile. Under the Discretionary Portfolio Management service, investment decisions are at the sole discretion of the Portfolio Manager as long as they are in sync with the investor’s investment objectives. Under the Non Discreti ...
Pension Fund Asset Allocation and Liability Discount Rates
... require that these are based on high credit quality interest rates and thus cannot be managed by modifying the allocation to risky assets. For instance, Canadian public and private pension plans discount their liabilities using market yields of high-quality corporate debt instruments (Canadian Inst ...
... require that these are based on high credit quality interest rates and thus cannot be managed by modifying the allocation to risky assets. For instance, Canadian public and private pension plans discount their liabilities using market yields of high-quality corporate debt instruments (Canadian Inst ...
Bright Directions 529 College Savings Program
... Before investing in the Bright Directions College Savings Program, you should consider carefully the following: 1. Depending on the laws of your home state or that of your designated beneficiary, favorable state tax treatment or other benefits offered by such home state for investing in 529 college ...
... Before investing in the Bright Directions College Savings Program, you should consider carefully the following: 1. Depending on the laws of your home state or that of your designated beneficiary, favorable state tax treatment or other benefits offered by such home state for investing in 529 college ...
Managed Futures: Portfolio Diversification Opportunities
... A portfolio that includes managed futures, historically, would have provided higher returns and lower risk than one without managed futures at all. In this Efficient Frontier example, the addition of managed futures to the typical stock and bond portfolio increases the annual rate of return, while l ...
... A portfolio that includes managed futures, historically, would have provided higher returns and lower risk than one without managed futures at all. In this Efficient Frontier example, the addition of managed futures to the typical stock and bond portfolio increases the annual rate of return, while l ...
Cross-sectional volatility and return dispersion
... portfolio managers held securities that were in the benchmark in whatever weights they chose, clearly the returns of all active portfolios and the benchmark would be identical. This example is quite unrealistic, of course, but it illustrates how the active risks in portfolios are functions of both t ...
... portfolio managers held securities that were in the benchmark in whatever weights they chose, clearly the returns of all active portfolios and the benchmark would be identical. This example is quite unrealistic, of course, but it illustrates how the active risks in portfolios are functions of both t ...
performance analysis for the two-minute portfolio in both canadian
... These findings are crucial since equal-weight strategy describe the main character of the Two-Minute Portfolio. 3. Anomalies and Returns: Size, Dividend Yields, and Momentum Effect Schwert (2003) claims that as research leads to more efficient markets, anomalies such as data snooping, the size effec ...
... These findings are crucial since equal-weight strategy describe the main character of the Two-Minute Portfolio. 3. Anomalies and Returns: Size, Dividend Yields, and Momentum Effect Schwert (2003) claims that as research leads to more efficient markets, anomalies such as data snooping, the size effec ...
Capital Directions
... in-depth information about your financial goals, time horizon, risk tolerance, tax situation and other circumstances that are unique to you. To obtain this information, your Financial Advisor will talk with you to learn and understand your needs. For instance, you may be planning to change careers; ...
... in-depth information about your financial goals, time horizon, risk tolerance, tax situation and other circumstances that are unique to you. To obtain this information, your Financial Advisor will talk with you to learn and understand your needs. For instance, you may be planning to change careers; ...
Risk Aversion and Clientele Effects
... prices for sub-sets of stocks – in effect segmenting the market. In this paper we use traded derivatives on equity indices to explore this approach. Evidence on risk preferences is of particular interest because risk represents the foundation of asset pricing theory and the definition of capital mar ...
... prices for sub-sets of stocks – in effect segmenting the market. In this paper we use traded derivatives on equity indices to explore this approach. Evidence on risk preferences is of particular interest because risk represents the foundation of asset pricing theory and the definition of capital mar ...
Systemic Risk in Hedge Funds
... funds properly. How could it, for example, be still possible for the hedge fund Long Term Capital Management in 1998, and the Amaranth Advisors LLC in 2006, to collapse and create major distress on the financial markets? In chapter 4 and 5 we will go further into detail. ...
... funds properly. How could it, for example, be still possible for the hedge fund Long Term Capital Management in 1998, and the Amaranth Advisors LLC in 2006, to collapse and create major distress on the financial markets? In chapter 4 and 5 we will go further into detail. ...
Derivative Market Operations
... between the two parties) and are customized according to the needs of the parties. Since these contracts do not fall under the purview of rules and regulations of an exchange, they generally suffer from counterparty risk i.e. the risk that one of the parties to the contract may not fulfill his or he ...
... between the two parties) and are customized according to the needs of the parties. Since these contracts do not fall under the purview of rules and regulations of an exchange, they generally suffer from counterparty risk i.e. the risk that one of the parties to the contract may not fulfill his or he ...