... excellent results with other managed investment products.
Also, because ratings are based on
performance within specific categories, it’s
important to note that not all five-star
offerings are equal or even interchangeable.
... often drive job creation and innovation, so policy makers are increasingly making such companies
a key focus. Specifically, how can government policy foster the creation of more high-growth
enterprises; what are the growth factors, and how can they be leveraged; what are the appropriate
ways to prov ...
FAQs by Issuers
... Though the basic elements of the analysis that go into credit rating and IPO grading are the same - business prospects,
financial prospects, management quality and corporate governance - the orientation of the analysis and, therefore,
outcomes, are very different as the assessment is undertaken for ...
HSBC Jintrust Large Cap Equity Securities Investment Fund
... etc., solely based on the relative changes of their risk-return characteristics.
2. Sector allocation strategy
Sector researchers regularly provide investment ratings on sectors and allocation
recommendations by analysing the characteristics of different sectors. Sector analysts
make recommendations ...
Study on Monitoring and Enforcement - European Commission
... Figure I-4-1: Example of voting disclosure form for investors (Portugal) .................................. 49
Figure I-4-2: Relation between EU legislation, national legislation and codes ........................... 53
Figure I-5-1: Update of corporate governance codes in the Member States ........ ...
Scope and Definition
... investor by reference to the nationality of individuals who ultimately
own or control it. Prone to practical difficulties, this method would,
however, allow “piercing the corporate veil” in order to determine
the “true” nationality of the company. The country-of-incorporation
test will suffice, howe ...
Management Fee Evaluation
... provide to the Janus Funds following the Transaction, addressing, among other matters, the personnel expected to
provide such services, and the resources available to do so. After its October 19, 2016 meeting, the Board developed
a supplemental request for additional information, which was provided ...
Retirement Date Fund
... All you have to do is choose the fund that most closely matches the year you expect to retire from
the Florida Retirement System (FRS) Investment Plan. Diversification, asset allocation, and account
rebalancing are all done for you.
Each Retirement Date Fund is a diversified portfolio of other Inves ...
Investor Preferences and Demand for Active Management
... correlations with the market are expected to provide better downside protection for investors. We
indeed find stronger sensitivity of flows to the downside PK slope among value funds with lower
return correlations with the market index but do not find such a difference among growth funds.
As an alt ...
The Impacts of Capital Structure on Depth of Outreach in Sub
... Yet, since the beginning, MFIs have had to balance objectives
of outreach and financial sustainability. Sometimes called attempting
to meet the “double-bottom line,” microfinance strives to not only
do-good but to pay for itself. Since MFI borrowers are charged an
interest rate on credit and sometim ...
Scottish Widows Life Funds Investor`s Guide
... They start by really listening to their clients, to understand their investment aspirations and concerns. Knowing what’s
important to their clients enables them to provide strategies and funds that focus on meeting their real needs and build
relationships for the long term.
They are a global busines ...
Required Documents and Guidance Notes for Investment
... 3. Juridical persons applying for its change of name are not required to attach new Power of Attorney (POA) Certificates in its new name.
4. Detailing preconditions for non-ROC enterprises to be an eligible participant of merger and acquisition:
(1) Enterprises with substantial business operations.
Call for expression of Interest
... looking to invest, through the EIF and with the support of European Fund for Strategic Investments2
(“EFSI”), Horizon 2020 programme3 , COSME programme4 and EIF’s own resources, in privatesector led, market-driven Pan-European VC Fund(s)-of-Funds (“the Fund-of-Funds”).
The aggregate of capital commi ...
BDC`s 2016 Annual Report
... and governance practices by the Office of the
Superintendent of Financial Institutions (OSFI).
Results from the review will be used to strengthen
and enhance BDC’s management of risk over
the medium term. As one of the first elements
implemented, we completed a thorough review of
BDC’s risk governan ...
Do Shareholder Preferences Affect Corporate
... and tend to hold stocks with different characteristics - e.g., value versus growth. In this paper,
I document that institutional investors also have heterogeneous preferences for financial
and operating characteristics in the firms they invest in. For example, some institutional
investors tend to ho ...
Uncertainty in Executive Compensation and Capital Investment: A Panel Study
... and performance. Jensen and Murphy (1990) argue that how CEOs are paid is more relevant than
how much they are paid and find that CEO compensation is largely independent of performance
and that the relationship between pay and performance has weakened over time. Gibbons and
Murphy (1992) investigate ...
Correlations Between Corporate Governance
... scandals and financial crises resulted in the legislators and regulators of most nations
seeking to strengthen and enhance their corporate governance rules and regulations,
disclosure, and transparency levels (Lopatta, & Kaspereit, 2014; Pandya, 2011; Sáenz
González & García-meca, 2014). For example ...
A Cross-sectional Analysis Of Malaysian Unit Trust Fund Expense
... have higher expense ratios than no-load and non-12b-1 funds. Additionally, funds that
belong to a large fund family have lower expense ratios due to economies of scope and
funds with higher portfolio turnover are associated with higher expense ratios. The
authors find no evidence that a fund’s expen ...
Familiarity Breeds Investment
... absence of barriers to international investment.” An article in the Economist (1996), “Stay-at-Home Shareholders,”
concludes: “It appears, therefore, that foreign investment has been hampered, at least until recently, by many of the
factors that common sense would suggest: capital controls, opaque m ...
Griffin Institutional Access Real Estate Fund (Form: N
... outstanding on the Repurchase Request Deadline. There is no guarantee that shareholders will be able to sell all of the shares they
desire in a quarterly repurchase offer. Quarterly repurchases by the Fund of its shares typically will be funded from available cash
or sales of portfolio securities. T ...
2015 Preqin Sovereign Wealth Fund Review: Exclusive Extract
... Alternative assets have emerged as an increasingly important
portion of the portfolios of many sovereign wealth fund investors
over recent years, as these investors seek to diversify their
portfolios and acquire assets that can generate yield and help
them meet their long-term objectives.
Family Control of Firms and Industries
... appropriation) explanation. Conversely, a lower sensitivity to negative shocks would be consistent
with a competitive advantage explanation. As Friedman, Johnson, and Mitton (2003) argue,
controlling shareholders, such as families, may use their private funds to “prop up” (i.e., provide
temporary su ...
An Empirical Analysis of Capital Structure and Abnormal Returns
... with returns, while book leverage is negatively related. Therefore, they argue that the
difference between the two measures, book-to-market equity, helps to explain average
returns. DeAngelo et al. (2006) explain that although high leverage mitigates agency
problems, it also reduces financial flexib ...
Understanding Informal Financing
... friends or families), private money houses, pawnshops, community cooperatives, etc. (Tsai 2004).
These broadly defined sources exist and play roles respectively in specific institutional
environments or at specific economic development stages. They also possibly rely on different
mechanisms, and hen ...
Corporate venture capital
Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the ""practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage.The definition of CVC often becomes clearer by explaining what it is not. An investment made through an external fund managed by a third party, even when the investment vehicle is funded by a single investing company, is not considered CVC. Most importantly, CVC is not synonymous with venture capital (VC); rather, it is a specific subset of venture capital.In essence, it is best to think of CVC as a subset of venture capital whereby a company is investing, without using a third party investment firm, in an external start-up that it does not own.Examples of CVCs include Google Ventures and Intel Capital.