MainStay Epoch Global Equity Yield SMA
... periods for which sufficient data is available, the profile shows a composite of client accounts managed by the investment manager in the Fiduciary Services program. Through June 2012, Morgan Stanley offered the Fiduciary Services program through two channels - the Morgan Stanley channel and the Smi ...
... periods for which sufficient data is available, the profile shows a composite of client accounts managed by the investment manager in the Fiduciary Services program. Through June 2012, Morgan Stanley offered the Fiduciary Services program through two channels - the Morgan Stanley channel and the Smi ...
Share Valuation and Evaluation of the Effect of the Use of Defense
... 2013a). Among the members of the cooperative FromFarmers there are fears that when ForFarmers will be listed on the stock exchange, the interests of farmers become less important and the interests of new shareholders become of greater importance (Van der Heijden, 2013). Therefore, one of the conditi ...
... 2013a). Among the members of the cooperative FromFarmers there are fears that when ForFarmers will be listed on the stock exchange, the interests of farmers become less important and the interests of new shareholders become of greater importance (Van der Heijden, 2013). Therefore, one of the conditi ...
PDP-Working Paper
... This paper analyzes the procyclical investment behavior of a wide variety of classes of institutional investors during the recent crisis. Their individual and collective behaviors can create the tendency for the whole system to act in a certain way. Our focus is on identifying the key causes of herd ...
... This paper analyzes the procyclical investment behavior of a wide variety of classes of institutional investors during the recent crisis. Their individual and collective behaviors can create the tendency for the whole system to act in a certain way. Our focus is on identifying the key causes of herd ...
Chapter 1 International Financial Markets: Basic Concepts
... recently, no equivalent efforts addressed international trade in securities. The low level of capital mobility is reflected in the economic models of the 1950s and 1960s: economists felt comfortable conducting international analyses under the assumption of capital immobility. Financial innovations, ...
... recently, no equivalent efforts addressed international trade in securities. The low level of capital mobility is reflected in the economic models of the 1950s and 1960s: economists felt comfortable conducting international analyses under the assumption of capital immobility. Financial innovations, ...
Forward Reliability Markets: Less Risk, Less Market
... The misconception most responsible for the current state of affairs is the notion that a cleverly designed “energy-only” market can induce optimal adequacy, or something close to it, even while the market has insufficient demand elasticity. Interestingly, when the notion of reliability markets was f ...
... The misconception most responsible for the current state of affairs is the notion that a cleverly designed “energy-only” market can induce optimal adequacy, or something close to it, even while the market has insufficient demand elasticity. Interestingly, when the notion of reliability markets was f ...
Recent Developments in Real Estate, Financial Markets, and the Economy
... losses would be borne first by investors in the riskiest tier. Investors in this tier were akin to equity holders. If losses exceeded expectations, then investors in the intermediate tiers – essentially subordinated debt holders – would bear the loss. Investors in the least risky, highestquality ti ...
... losses would be borne first by investors in the riskiest tier. Investors in this tier were akin to equity holders. If losses exceeded expectations, then investors in the intermediate tiers – essentially subordinated debt holders – would bear the loss. Investors in the least risky, highestquality ti ...
it`s easy to forget - Franklin Templeton Investments
... Perceptions about growth and value vary, but after a period of relative outperformance by one investment style over the other, it may be time to revisit the fundamentals of each. Growth investing seeks companies that are growing at a faster than average rate. These companies often have accelerating ...
... Perceptions about growth and value vary, but after a period of relative outperformance by one investment style over the other, it may be time to revisit the fundamentals of each. Growth investing seeks companies that are growing at a faster than average rate. These companies often have accelerating ...
The role of a financial transaction tax in sustainable finance
... (SME)). Heavy shareholders are taxed 30% for shares held for less than a year, 20% for more than a year, and 10% for SME shares, regardless of the holding period. Capital gains earned when major shareholders transfer more than 50% of their stock and when properties are sold are taxed at progressive ...
... (SME)). Heavy shareholders are taxed 30% for shares held for less than a year, 20% for more than a year, and 10% for SME shares, regardless of the holding period. Capital gains earned when major shareholders transfer more than 50% of their stock and when properties are sold are taxed at progressive ...
Sucker Punched by the Invisible Hand
... that went into recession in 2008 and 2009 shared fundamental features that may have left them more likely to have a recession or pushed financial investors towards a flight to safety. Our goal is to provide a different account of what happened. We show that after 2001, the largest banks in the U.S. ...
... that went into recession in 2008 and 2009 shared fundamental features that may have left them more likely to have a recession or pushed financial investors towards a flight to safety. Our goal is to provide a different account of what happened. We show that after 2001, the largest banks in the U.S. ...
COURSE SYNOPSIS Deparment of Economics ECN3003 Principles
... This course covers the relevance of natural resource policies in planning and management of natural resources, sustainable development and the relationship between natural resource development and the environment. Problems in natural resources policy formulation and its impacts on social welfare are ...
... This course covers the relevance of natural resource policies in planning and management of natural resources, sustainable development and the relationship between natural resource development and the environment. Problems in natural resources policy formulation and its impacts on social welfare are ...
Managing the IT Portfolio - MIT SeeIT Project
... reflect this complex set of objectives and present a strategic choice for senior executives. Firms that made more investments in IT infrastructure did have higher valuations and faster times to market. However, there is also a cost. Firms with more IT infrastructure investments took a short-term imp ...
... reflect this complex set of objectives and present a strategic choice for senior executives. Firms that made more investments in IT infrastructure did have higher valuations and faster times to market. However, there is also a cost. Firms with more IT infrastructure investments took a short-term imp ...
Public Debt and Total Factor Productivity
... and capital investment. At the same time, however, the lower interest rate makes it more attractive for low-productivity firms to stay in business which has a detrimental effect on aggregate productivity. I show that the second effect dominates the overall impact on aggregate output which necessaril ...
... and capital investment. At the same time, however, the lower interest rate makes it more attractive for low-productivity firms to stay in business which has a detrimental effect on aggregate productivity. I show that the second effect dominates the overall impact on aggregate output which necessaril ...
Chapter 2 Securities Markets TRUE/FALSE T 1. A major function of
... 10. Inside information a. is obtained from inside brokerage firms b. is reported in a firm's financial statements c. must be disclosed to the SEC d. may not be legally used to obtain security profits ...
... 10. Inside information a. is obtained from inside brokerage firms b. is reported in a firm's financial statements c. must be disclosed to the SEC d. may not be legally used to obtain security profits ...
Free Sample
... 10. Inside information a. is obtained from inside brokerage firms b. is reported in a firm's financial statements c. must be disclosed to the SEC d. may not be legally used to obtain security profits ...
... 10. Inside information a. is obtained from inside brokerage firms b. is reported in a firm's financial statements c. must be disclosed to the SEC d. may not be legally used to obtain security profits ...
DEBT – Equity Mix - Scholars Middle East Publishers
... of capital decreases because the cost of debt is lower than the cost of equity. It leads to increase in firm value. When the firm decreases debt finance in the capital structure, there will be inverse effect. Its overall cost of capital increases due to decreased debt component and firm value goes d ...
... of capital decreases because the cost of debt is lower than the cost of equity. It leads to increase in firm value. When the firm decreases debt finance in the capital structure, there will be inverse effect. Its overall cost of capital increases due to decreased debt component and firm value goes d ...
test reasonableness - LifeCycle Returns, Inc.
... This model has some faults that are well publicized. The greatest risk is the reliance on subjective analyst input of the many critical variables required. The analyst using a discounted cash flow method examines past company performance, but depends on personal evaluation of that past performance, ...
... This model has some faults that are well publicized. The greatest risk is the reliance on subjective analyst input of the many critical variables required. The analyst using a discounted cash flow method examines past company performance, but depends on personal evaluation of that past performance, ...
LIQUIDITY PAPER v4 - Institute and Faculty of Actuaries
... difficult as annuities usually cannot be surrendered (though some back-to-back arrangements may permit this). Meanwhile most term assurances will not have a surrender values and death claims can be readily estimated. Most other non-profit classes will usually be trivial and/or with any surrender val ...
... difficult as annuities usually cannot be surrendered (though some back-to-back arrangements may permit this). Meanwhile most term assurances will not have a surrender values and death claims can be readily estimated. Most other non-profit classes will usually be trivial and/or with any surrender val ...
3 Two Monetary Tools: Interest Rates and Haircuts
... Our model features heterogeneous-risk-aversion agents who are limited to holding positions with total haircuts not exceeding the agents’ capital. While this is a single funding constraint, it affects securities differently, depending on their haircuts. This is the key funding constraint for real-wor ...
... Our model features heterogeneous-risk-aversion agents who are limited to holding positions with total haircuts not exceeding the agents’ capital. While this is a single funding constraint, it affects securities differently, depending on their haircuts. This is the key funding constraint for real-wor ...
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here [PDF 930KB]
... diversified portfolio. Where possible, we might also hedge against moves in exchange rates. This can be done by using hedged share classes of funds investing in overseas equities, thus maintaining exposure to non-UK markets while hedging out the currency risk. In some instances, hedging out currency ...
... diversified portfolio. Where possible, we might also hedge against moves in exchange rates. This can be done by using hedged share classes of funds investing in overseas equities, thus maintaining exposure to non-UK markets while hedging out the currency risk. In some instances, hedging out currency ...