Investment Options - PFM Asset Management
... or may happen under certain circumstances are based on assumptions, some but not all of which are noted in the presentation. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a materia ...
... or may happen under certain circumstances are based on assumptions, some but not all of which are noted in the presentation. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a materia ...
Regional Science Matters
... Armstrong 1995).4 While economic factors are important, it is political integration that appears to drive convergence. Institutional forces outweigh market forces in drawing national economies closer together (Beckfield 2009). Economic arguments show freer trade and factor mobility from integration ...
... Armstrong 1995).4 While economic factors are important, it is political integration that appears to drive convergence. Institutional forces outweigh market forces in drawing national economies closer together (Beckfield 2009). Economic arguments show freer trade and factor mobility from integration ...
ReAssure Limited Annual Accounts 2015
... company is not exposed to foreign exchange risk on unit-linked products as this risk resides with policyholders. Outside the unit-linked funds foreign currency denominated investments make up 6.4% of the portfolio and, as such, the company is not exposed to significant risk in this area. Interest ra ...
... company is not exposed to foreign exchange risk on unit-linked products as this risk resides with policyholders. Outside the unit-linked funds foreign currency denominated investments make up 6.4% of the portfolio and, as such, the company is not exposed to significant risk in this area. Interest ra ...
Investor Expectations and the Volatility Puzzle in the Japanese
... for volatility shows expanded negative value. This means that earnings variability could not be the factor behind the low volatility effect. In A3 (adding forecast growth), the regression coefficient for forecast growth is positive but that for volatility shows expanded negative value, so forecast g ...
... for volatility shows expanded negative value. This means that earnings variability could not be the factor behind the low volatility effect. In A3 (adding forecast growth), the regression coefficient for forecast growth is positive but that for volatility shows expanded negative value, so forecast g ...
On The Applicability Of The Capital Asset Pricing Model
... correlation among the returns of different national stock indexes. Investors can therefore reduce the overall risk they bear by allocating their capital in different economic contexts: the more different these economic contexts are, the less the returns on equity are correlated with each other, and ...
... correlation among the returns of different national stock indexes. Investors can therefore reduce the overall risk they bear by allocating their capital in different economic contexts: the more different these economic contexts are, the less the returns on equity are correlated with each other, and ...
Emerging Market Volatility - Columbia Threadneedle ETF
... Carefully consider the Funds’ investment objectives, risk factors and charges and expenses before investing.This and other information can be found in the Funds’ prospectuses, which may be obtained by calling + 1 888 800 4347 or by visiting the Funds’ website egshares.com to view or download a prosp ...
... Carefully consider the Funds’ investment objectives, risk factors and charges and expenses before investing.This and other information can be found in the Funds’ prospectuses, which may be obtained by calling + 1 888 800 4347 or by visiting the Funds’ website egshares.com to view or download a prosp ...
Risk management, Arbitrage and Scenario generation for interest rates
... (deterministic drift). The vector field µ2 corresponds to the no arbitrage drift condtion due to the presence of stochastics and possibly to some change of measure term. The “(stochastic) volatility factor” σ is chosen appropriately for the respective risk factors. ...
... (deterministic drift). The vector field µ2 corresponds to the no arbitrage drift condtion due to the presence of stochastics and possibly to some change of measure term. The “(stochastic) volatility factor” σ is chosen appropriately for the respective risk factors. ...
Purchase Negotiation - Texas A&M University
... A cost driver is any factor that affects costs. A change in the cost driver will cause a change in the total cost Cost management are actions that managers take to satisfy customers while continuously reducing and controlling costs ...
... A cost driver is any factor that affects costs. A change in the cost driver will cause a change in the total cost Cost management are actions that managers take to satisfy customers while continuously reducing and controlling costs ...
Three essays on risk management and financial stability
... identified. Using the model estimated in this way, an aggregate indicator of the creditworthiness of the Czech corporate sector (named as JT index) is then constructed and its evolution over time is shown. The used methodology for the construction of the JT index might be suitable for decision maker ...
... identified. Using the model estimated in this way, an aggregate indicator of the creditworthiness of the Czech corporate sector (named as JT index) is then constructed and its evolution over time is shown. The used methodology for the construction of the JT index might be suitable for decision maker ...
Indicators of Dairy Farm Financial Condition as Policy Triggers
... Economists have a tendency to focus exclusively on profit but all three are important for financial sustainability. Profit is a dollar value defined as revenues minus the cost of production. Profit is a flow concept, meaning that it measures what is occurring in the business over a period of time, u ...
... Economists have a tendency to focus exclusively on profit but all three are important for financial sustainability. Profit is a dollar value defined as revenues minus the cost of production. Profit is a flow concept, meaning that it measures what is occurring in the business over a period of time, u ...
Market Integrity and Regulatory Systemic Risk
... second type of imbalance stems from the treatment of certain category of shareholders (i.e., institutional investors). A student of the area will be aware that these distortions, and the imbalance they may give rise to, extend beyond the proxy rules and affect other aspects of the regulatory framewo ...
... second type of imbalance stems from the treatment of certain category of shareholders (i.e., institutional investors). A student of the area will be aware that these distortions, and the imbalance they may give rise to, extend beyond the proxy rules and affect other aspects of the regulatory framewo ...
12 December 2017 Investor Term Sheet
... This material is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. It is published solely for informational purposes and is not to be construed as a ...
... This material is for distribution only under such circumstances as may be permitted by applicable law. It has no regard to the specific investment objectives, financial situation or particular needs of any recipient. It is published solely for informational purposes and is not to be construed as a ...
The Rise of Corporate Savings
... and a leveling off in the 2000s. THE THEORY Can we explain why firms are interested in net lending and what has changed since the 1970s? To do so, it is useful to take not one but two steps back in time and revisit corporate finance theory since its inception. The first chapter of modern corporate f ...
... and a leveling off in the 2000s. THE THEORY Can we explain why firms are interested in net lending and what has changed since the 1970s? To do so, it is useful to take not one but two steps back in time and revisit corporate finance theory since its inception. The first chapter of modern corporate f ...
Guidance Note
... positions in each time band will be subject to either the risk weightings set out in Table 2, if positions are reported using the maturity method, or the assumed changes in yield set out in Table 2, if positions are reported using the duration method, with no further offsets. Interest rate derivativ ...
... positions in each time band will be subject to either the risk weightings set out in Table 2, if positions are reported using the maturity method, or the assumed changes in yield set out in Table 2, if positions are reported using the duration method, with no further offsets. Interest rate derivativ ...
A new approach to financial regulation
... The FCA will intervene earlier to protect consumers before they suffer direct effects as a result of failures in markets. It will also seek to ensure that firms provide appropriate information to consumers, at the right time, about the product or service being purchased. ...
... The FCA will intervene earlier to protect consumers before they suffer direct effects as a result of failures in markets. It will also seek to ensure that firms provide appropriate information to consumers, at the right time, about the product or service being purchased. ...
The risky asymmetry of low bond yields
... rates over the long term. We simulate changes in the yield to be drawn from a normal distribution with zero drift, but we set a floor on bond yields, hence capping the maximum reduction in yields that is achievable. If the starting bond yield is well above the floor, then the potential decrease in y ...
... rates over the long term. We simulate changes in the yield to be drawn from a normal distribution with zero drift, but we set a floor on bond yields, hence capping the maximum reduction in yields that is achievable. If the starting bond yield is well above the floor, then the potential decrease in y ...
2014 Annual Report - Aquatic Foods Group
... On the back of continuing growth in China’s per capita wealth and the resulting higher standard of living, demand has started to move towards pre-processed and ready to eat products as opposed to the procurement of daily foods from traditional markets. These consumers are the major consumption group ...
... On the back of continuing growth in China’s per capita wealth and the resulting higher standard of living, demand has started to move towards pre-processed and ready to eat products as opposed to the procurement of daily foods from traditional markets. These consumers are the major consumption group ...