II. How to Read a Mutual Fund Prospectus
... Accumulated tax liability for funds with large capital gains Investors have less flexibility in timing their tax exposure in a fund Managers may not add value Disadvantages of closed-end funds include: Because the closed-end share price are determined by supply and demand, out-offavor funds find pri ...
... Accumulated tax liability for funds with large capital gains Investors have less flexibility in timing their tax exposure in a fund Managers may not add value Disadvantages of closed-end funds include: Because the closed-end share price are determined by supply and demand, out-offavor funds find pri ...
Key Investor Information AMP Capital Global Listed Infrastructure
... > This indicator is based on historical data and may not be a reliable indicator of the future risk profile of the Fund. > This risk category shown is not a target or a guarantee and may change over time. > The lowest category does not mean risk free. > The risk indicator for this Fund is set as 6 b ...
... > This indicator is based on historical data and may not be a reliable indicator of the future risk profile of the Fund. > This risk category shown is not a target or a guarantee and may change over time. > The lowest category does not mean risk free. > The risk indicator for this Fund is set as 6 b ...
stock market extremes - Towneley Capital Management
... The number of stocks in the index and the market value of the index varied over time. The number of firms in the index peaked at 9,149 in 1996. As of December 2004, the data included information on 6,732 stocks with a combined market value in excess of $16.4 trillion. The study also looked at the re ...
... The number of stocks in the index and the market value of the index varied over time. The number of firms in the index peaked at 9,149 in 1996. As of December 2004, the data included information on 6,732 stocks with a combined market value in excess of $16.4 trillion. The study also looked at the re ...
Fidelity Value (FDVLX)
... Nicholas Kaiser, CFA is the lead manager of this fund and has been actively managing its assets worth $634.3 million since the fund’s inception in 1994. Mr. Kaiser managed the fund’s best performing year in 1999 which returned an impressive 99.88%. However, in 2002, the Amana Growth Fund’s return wa ...
... Nicholas Kaiser, CFA is the lead manager of this fund and has been actively managing its assets worth $634.3 million since the fund’s inception in 1994. Mr. Kaiser managed the fund’s best performing year in 1999 which returned an impressive 99.88%. However, in 2002, the Amana Growth Fund’s return wa ...
Risk and Rates of Return
... Expected Rate of Return … weighted average of all possible outcomes … the rate of return expected to be realized from an investment … the mean value of the probability distribution of possible results ...
... Expected Rate of Return … weighted average of all possible outcomes … the rate of return expected to be realized from an investment … the mean value of the probability distribution of possible results ...
Jeremy Siegel, Rob Arnott and Other Experts Forecast Equity Returns
... A forecast of the equity risk premium (ERP) tells you how much to save, how to allocate assets between equities and fixed income, and how much you can consume. Given its great importance, the CFA Institute recently convened a group of top-level academics and practitioners to forecast future ERPs – a ...
... A forecast of the equity risk premium (ERP) tells you how much to save, how to allocate assets between equities and fixed income, and how much you can consume. Given its great importance, the CFA Institute recently convened a group of top-level academics and practitioners to forecast future ERPs – a ...
The Public Market Equivalent and Private Equity Performance
... regularly quoted month-to-month or quarter-to-quarter market returns. This raises the problem of evaluating performance based on their cash flows alone. A natural starting point is to calculate the internal rate of return (“IRR”). The IRR, however, has several well-known problems: It is an absolute ...
... regularly quoted month-to-month or quarter-to-quarter market returns. This raises the problem of evaluating performance based on their cash flows alone. A natural starting point is to calculate the internal rate of return (“IRR”). The IRR, however, has several well-known problems: It is an absolute ...
Document
... (b) are generally tax-free. (c) help savers smooth spending over time. (d) are generally available only through brokers. ...
... (b) are generally tax-free. (c) help savers smooth spending over time. (d) are generally available only through brokers. ...
risk premia on key asset classes: a south african perspective
... • Proposed framework for estimating expected longterm returns for various South African asset classes • Including a dynamic estimate of prospective ERP, results generally consistent with literature and historical experience in South Africa • However, ultimately these are just assumptions, and not gu ...
... • Proposed framework for estimating expected longterm returns for various South African asset classes • Including a dynamic estimate of prospective ERP, results generally consistent with literature and historical experience in South Africa • However, ultimately these are just assumptions, and not gu ...
Pricing Insurance Policies: The Internal Rate of Return Model
... policies, since fluctuations are greater on higher layers of coverage. The ideal procedure is somewhere in the middle. Section 4: The Cost of Equity Capital The insurer has a financial incentive to write a policy if the IRR exceeds the opportunity cost of the equity capital. What return do the inves ...
... policies, since fluctuations are greater on higher layers of coverage. The ideal procedure is somewhere in the middle. Section 4: The Cost of Equity Capital The insurer has a financial incentive to write a policy if the IRR exceeds the opportunity cost of the equity capital. What return do the inves ...
ALLAN GRAY BALANCED FUND
... Fund manager quarterly commentary as at 30 June 2017 Investor sentiment towards emerging markets remains weak. This has left emerging markets at a valuation discount to developed markets. The MSCI Emerging Market Index trades at a discount of over 30% to the MSCI World Index – an index dominated by ...
... Fund manager quarterly commentary as at 30 June 2017 Investor sentiment towards emerging markets remains weak. This has left emerging markets at a valuation discount to developed markets. The MSCI Emerging Market Index trades at a discount of over 30% to the MSCI World Index – an index dominated by ...
Portfolio1 - people.bath.ac.uk
... • Other issue: fund managers are careerist. When the payoffperformance relationship is convex, there are incentives to take high risks. This might hurts investors’ return. • It has been found that net flows into funds are highly sensitive to performance. This can generate incentive to be excessivel ...
... • Other issue: fund managers are careerist. When the payoffperformance relationship is convex, there are incentives to take high risks. This might hurts investors’ return. • It has been found that net flows into funds are highly sensitive to performance. This can generate incentive to be excessivel ...
