Value investing has long been recognized as an effective investment strategy. This book brings the reader through the strategies and thought processes used by professional value investors, using clear language. It presents the concepts, implementation and benefits of value investing and includes an expanded section on international value investing with "how-to" information on investing overseas. All data, statistics, anecdotes, illustrations and graphics have been updated and the final chapter explores structuring the portfolio for maximum returns....
It would be tactless in a foreword to propose answers to the puzzle of bilateral
investment treaties (BITs) and double taxation treaties (DTTs). Perhaps, though,
it is not inappropriate to pose some questions that may whet the appetite of the
reader. Although many questions about the diffusion and implications of these
bilateral treaties are relevant to both BITs and DTTs, I focus on BITs, a topic on
which many academic and policy discussions have centered.
This report describes the main quantitative investment regulations applied to pension funds in OECD
and selected non-OECD countries as of December 2010.
The questionnaire covers all types of pension plans financed via pension funds. Where regulations
vary depending on the type of plan (occupational, personal, mandatory, voluntary, DB, DC, etc), the tables
identify the types of plan that the investment regulations apply to.
We also examine the determinants of the return gap. We ﬁnd that
estimated trading costs are negatively related to the return gap. Also,
most funds in our sample exhibit relatively large correlations between
the hypothetical holdings returns and the investor returns, indicating that
their actual investment strategies do not differ signiﬁcantly from their
disclosed strategies. However, some funds have relatively low correlations
between holdings and investor returns.
Capital markets are becoming global markets and commercial real estate markets are no
exception. Recently, international real estate investors have expressed interest in investing in
the Asian emerging markets. Three main reasons can be given for investing in such markets.
First the strong economic performance in the region, at least up to 1997 and the huge
growth potential of the region in the future.
THE EFFECTS OF MACROECONOMIC UNCERTAINTY ON IRREVERSIBLE INVESTMENT Peer group and, by extension, average student
performance are endogenous to unobserved determinants of housing prices. One
estimation strategy that accommodates this endogeneity is that taken by Bayer, McMillan,
and Reuben (2002), who estimate a structural model for housing prices and community
composition in San Francisco.
Progress Microfinance has been implemented through two actions, both of which are managed by
EIF. They are: 1) a guarantee instrument to providers of micro-credit (funded entirely by the
European Commission); and 2) a structured investment vehicle set up under Luxembourg law, the
European Progress Microfinance Fund, funded by the European Commission and the EIB.
Thus, the study of mutual funds in emerging markets is overdue for those who need a
fuller understanding of their investment conditions. In addition, this would allow an out-of-
sample test to challenge existing asset pricing models and lead to the development of new
This study seeks to shed light on mutual fund investment in emerging markets and
specifically focuses on three issues: performance, determinants of performance and the role
of liquidity on performance and performance measure.
To paraphrase a good friend of mine in the public relations business, “Why
this book? Why now?” It’s a fair question to ask when you consider that
there are so many investment-related books available, and some of them
are quite good, even invaluable. So, yet another book about investing had
better have something to contribute to the discussion. I believe this book
does for several reasons.
The social democratic political economies showed
higher levels of union density, that is, a greater propor-
tion of workers belonging to organised labour unions,
social security expenditures, and public employment
levels. They had the largest public expenditure in
health care from 1960 to 1990, and greatest health
care coverage of citizens. These nations instituted full
employment strategies, achieved high rates of female
employment, and showed the lowest degree of income
inequality and poverty rates.
This is particularly relevant because estimated differences between SRI and
conventional funds may not be due to the socially responsible investing per se, but to differences
between the companies that manage SRI funds and those that manage conventional funds.
Finally, we improve upon the matched-pair analysis employed in several prior studies by
using the matching estimator methodology of Abadie and Imbens (2006).
Fourth, this study applies new methodologies which have never been applied to
emerging markets. For instance, Chapter 5 explores the determinants of risk-adjusted mutual
fund performance using multidimensional regression in addition to the common approach,
which is to use a zero-cost trading strategy. This alternative methodology can explore several
factors simultaneously while controlling the effect between one and another. Using the two
methods allows us to examine determinants of fund performance statistically and
economically and it provides more meaningful results.
The Dodd-Frank Wall Street Reform and Consumer
Protection Act (“Dodd-Frank”),
1 which was signed into
law on July 21, 2010, fundamentally changes a number of
areas affecting private funds, including the regulation of
swaps, a new restriction on the ability of banking entities
to sponsor or invest in private funds (the “Volcker Rule”),
and new reporting requirements for fund managers.
Dashboards have become popular in recent years as uniquely powerful tools for communicating important information at a glance. Although dashboards are potentially powerful, this potential is rarely realized. The greatest display technology in the world won't solve this if you fail to use effective visual design. And if a dashboard fails to tell you precisely what you need to know in an instant, you'll never use it, even if it's filled with cute gauges, meters, and traffic lights. Don't let your investment in dashboard technology go to waste. ...
In itself, the international workshop was also the first step in integrating the international and
regional networks of social funds by bringing together families of programs that started with
different sector priorities and approaches, such as the AGETIPs in Western Africa and the social
investment funds in Latin America, and by stimulating the creation of social funds networks in
Eastern Africa, Eastern Europe and Central Asia, and Northern Africa and the Middle East.
Tham khảo sách 'state liability in investment treaty arbitration: global constitutional and administrative law in the bit generation', kinh tế - quản lý, luật phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả
An increase in the price of a supply-substitute reduces the supply of a good (by making
the alternative good more attractive to suppliers), and similarly, a decrease in the price
of a supply complement reduces the supply of a good. By making the by-product less
valuable, the returns to investing in a good are reduced. Thus, an increase in the price
of DVD-R discs (used for recording DVDs) discourages investment in the manufacture
of CD-Rs, which are a substitute in supply, leading to a decrease in the supply of CD-Rs.
This tends to increase the price of...
Title IV of the Act - entitled “Regulation of Advisers to Hedge Funds and Others”1
- eliminates the
“private adviser” exemption from registration under the Investment Advisers Act of 1940, as amended
(the “Advisers Act”).
This study was mandated by Congress in the National
Defense Authorization Act for Fiscal Year 2002
(P.L. 107-107), Section 253: Study and Report on Effectiveness
of Air Force Science and Technology Program
Changes (see Appendix A).
Britain has benefited from that global system over a long period of time. But we
cannot afford to rely on history or sentiment if we are to earn our living. We cannot
take it for granted that markets will remain open to our businesses, or that our
businesses will always be able to take full advantage of the opportunities that exist.
Government can help.