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Lecture Investments (6/e) - Chapter 10: Index models

This chapter a simplifying assumption that at once eases our computational burden and offers significant new insights into the nature of systematic risk versus firm-specific risk. This abstraction is the notion of an “index model,” specifying the process by which security returns are generated.

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Lecture Investments (6/e) - Chapter 10: Index models Lecture Investments (6/e) - Chapter 10: Index models Investment environment, Lecture Investments, Active portfolio management, Capital markets, Index models, Single index model
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Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on Alternative Investment Fund Managers and amending Directives 2004/39/EC and 2009/…/EC

The ideal experiment to evaluate the impact of socially responsible investing on performance and fees would be to observe the same funds both with and without the SRI constraint. Most previous studies (Gregory et al., 1997; Statman, 2000; Kreander et al., 2005; Bauer et al., 2005) approximate the ideal experiment by comparing the performance of SRI funds to that of a control group of comparable conventional funds, a methodology that is known as matched-pair analysis. More precisely, each SRI fund is matched to one or several conventional funds with similar values of one or more matching variables. The difference between...


Our database contains relatively few European sector funds (shown in section III of Table 1), particularly prior to 2003. It is worth noting that the division between sector funds and country funds is less clear-cut than may rst seem the case. Indeed, some of the smaller European stock markets are dominated by a few rms and one or two sectors (e.g., Nokia in the Finnish stock market). Thus, investors likely used country funds to invest in certain industries during earlier periods of our time-series. Nevertheless, it appears that asset management in Europe has mostly been aligned with countries, rather than sectors, at least until very recently....

Kinh nghiệm Slater cho các nhà đầu tư chứng khoán nhỏ

Jim Slater có lẽ là người có những lời khuyên ảnh hưởng nhất đối với những nhà đầu tư tư nhân nhỏ. Ông nhấn mạnh rằng nhà đầu tư nhỏ có thể trở thành những chuyên gia đầu tư trong một hoặc hai lĩnh vực của thị trường. Ông có lẽ là “giáo sĩ” đầu tư đầu tiên ở Anh, khuyên rằng nên tìm kiếm những cổ phiếu có chỉ số P/E thấp. Theo ông, nhà đầu tư nhỏ

The Handbook of Alternative Investments

Investment in macro economics, only the increase of capital to increase future production capacity. Investment, therefore, also known as form of capital or capital accumulation. However, only increased from the increase of material production capacity will be counted. Also increased capital in financial and monetary sector and real estate business is excluded. The growth of private capital (up production equipment) are called private investment

Pension Fund Investment in Infrastructure: A Resource Paper

Barriers to low-carbon investment may be financial, structural or technical. Financial barriers include fossil fuel subsidies, and the unpriced carbon externality. These discourage local businesses, project developers, vendors, technology providers from offering low carbon solutions to the market, and hamper institutional and market financing mechanisms enabling such businesses to grow. Structural barriers include network effects (need for flexible and sufficient grid capacity), fragmentation and transactional costs due to smaller scale of low carbon technologies and simply „status quo bias‟. These affect the viability and economic attractiveness of low carbon options. Finally, neither policy nor financing will achieve much...

Quỹ đầu tư sẽ rót vốn cho ai?

Dòng vốn đầu tư gián tiếp thông qua các công ty đầu tư tư nhân (private equity firm) đang rất sôi nổi. Đây chính là kênh tìm vốn rất hiệu quả đối với DN trong nước, khi kênh tìm vốn tại ngân hàng đang gặp nhiều khó khăn. Đó là chưa kể ngân hàng chỉ đơn thuần cho vay tiền lấy lãi suất, trong khi đó, quỹ đầu tư vừa cho vay vốn, vừa đồng hành cùng sự phát triển của DN với nhiều năm kinh nghiệm tại môi trường quốc tế. Tuy nhiên, để được quỹ đầu tư hỗ...

AIMA Canada Hedge Fund Primer

The immediate objective of social funds was to cushion the impacts of adjustment policies on the poorest, not to attack the structural causes of poverty. Although many experts stated that liberalization and global- ization policies would benefit the poorest sectors, what has been con- firmed is that the structural causes of poverty cannot be modified in the short or medium term only by expanding economies. Despite economic growth, poverty in Latin America and the Caribbean region continues to increase because structural causes of poverty do not weaken auto- matically with economic liberalization and growth....

AIFMD Client Memorandum - Investment Management & Funds Practice

A fully integrated and interconnected European Single Market covering telecoms, energy and transport is a prerequisite for competitiveness, jobs and growth. Achieving this requires affordable, accessible, efficient and secure network infrastructure. Accelerating the roll out of the digital economy will bring benefits across all sectors, through enhanced productivity, efficiency and innovation. Europe must have state-of-the-art digital networks to retain and build its global competitive position, to be able to handle the explosion in internet use and exchange of data and to fully exploit the efficiency gains and innovative services allowed by major online developments. In energy, significant investments in electricity grids and other energy networks will help make...

Phân tích và đầu tư trái phiếu (Bài 2)

Nội dung: Định giá trái phiếu chuyển đổi; Đo lường tính biến động giá của trái phiếu...

Viewpoint Fund distribution strategies in Asia Pacific

Currency risk is the risk that the value of investments denominated in currencies, other than the functional currency of the Fund, will fluctuate due to changes in foreign exchange rates. Investments in foreign markets are exposed to currency risk as the prices denominated in foreign currencies are converted to the Fund’s functional currency in determining fair value. The Fund may enter into forward currency contracts for hedging purposes to reduce foreign currency exposure or to establish exposure to foreign currencies. ...

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