Xem 1-20 trên 116 kết quả Emergency fund
  • .Praise for Hedge Fund of Funds Investing: An Investor’s Guide by Joseph G. Nicholas “Hedge funds of funds are at the leading edge of the broad move into hedge investing by the mainstream of private wealth management.

    pdf287p vigro23 24-08-2012 58 33   Download

  • 1. Inflation targeting is becoming the monetary policy framework of choice in a growing number of emerging market and developing countries. This paper examines the experience of non-industrial inflation targeting countries to review the implications for the Fund’s approach to surveillance, technical assistance, and the design of conditionality in Fund-supported programs. For this examination, the paper uses macroeconomic data, technical assistance reports, and a new survey of central banks in selected emerging markets....

    pdf64p thuytinh_den 11-07-2010 86 28   Download

  • We rst construct Pan-European size, book-to-market, and momentum risk factors for stocks. Then, we report on the average performance of European mutual funds over our time period using these benchmarks. Our ndings are similar to those of many studies of U.S. mutual funds (e.g., Carhart, 1997 and Wermers, 2000). Speci cally, the median one-factor and four-factor alphas are -0.90%/year and -0.32%/year, respectively. This nding indicates that our benchmarks successfully control for common variation in European equity mutual fund returns....

    pdf77p khanhchilam 29-03-2013 20 8   Download

  • The second aim of this thesis is to investigate whether Thai mutual fund performance can be explained by any of its characteristics. The study examines statistic and economic importance of fund characteristics to its performance. In the literature, evidence is sparse and mixed on developed markets, let alone that on emerging markets. Rather than focusing on one particular characteristic, this study draws on the evidence from five important characteristics in the literature, which offer theoretical and empirical support.

    pdf188p khanhchilam 29-03-2013 26 8   Download

  • 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 empirical models. 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.

    pdf222p khanhchilam 29-03-2013 33 7   Download

  • Equity and fixed income funds play an important role for the impressive Thai mutual fund growth. With an in depth analysis, we found two major facts. Firstly, Thai mutual fund industry is concentrated in fixed income mutual funds especially short-term money market funds. Secondly, approximately 50% of the AUM invested in Thai equity mutual funds are from LTF and RMF or growth in equity mutual funds is affected by tax incentive.

    pdf24p hongphuocidol 04-04-2013 25 6   Download

  • For example, SLAT Prime Obligation Fund disclosed a variety of asset purchases occurring in the year ended June 30, 2009, but did not disclose transaction dates. Second, even if the date of the support was disclosed, in many cases that date represented when the sponsor chose to provide direct support, but the direct support may have been preceded by indirect support such as guarantees that were important in stabilizing the NAV, reassuring investors and preventing runs.

    pdf16p hongphuocidol 04-04-2013 19 5   Download

  • Real estate markets globally have been severely affected by ongoing unprecedented economic turmoil, particularly in Europe and the United States. This is expected to continue. The Australian real estate market has, in this time, emerged as a destination of choice for global real estateReal estate markets globally have been severely affected by ongoing unprecedented economic turmoil, particularly in Europe and the United States. This is expected to continue.

    pdf23p quaivattim 01-12-2012 21 4   Download

  • At the same time, you’ll work with the analysts to increase return. That means that you’ll concentrate on the creditworthiness of the issuers of both commercial paper and CDs,which offer higher yields. You’re probably going to try to buy as many of these issues as possible—assuming that the analysts can verify that the investments are high quality. Your fund has the flexibility to invest in a wide range of securities, and your competitors are doing just that, looking for higher returns.

    pdf18p quaivatdo 18-11-2012 17 3   Download

  • In fiscal year 2001, Congress allocated funds for NIOSH to establish a new program for personal protective technology research to protect the nation’s miners, firefighters and other emergency responders, and health care, agricultural, and industrial workers. To carry out this research, NIOSH formed the National Personal Protective Technology Laboratory (NPPTL).

    pdf169p xuan2013 25-01-2013 15 2   Download

  • Some pension funds and other institutional investors have already expressed their interest in - or indeed already are - investing in climate change related assets. Consequently, various industry groups have been formed in order to increase industry expertise in this area and to engage in a dialogue with governments to explain the sort of investment environment and financing vehicles which are necessary to support their greater engagement. They are also exploring how to pool resources in order to achieve the scale which investment in some of these projects requires. ...

    pdf0p quaivatdo 19-11-2012 15 1   Download

  • This paper examines how corporate financial structure shapes the impact of a financial crisis on the real sector by way of its effects on flows of funds and on corporate real expenditures. It is one of the first papers to utilize extensive cross-country flow and balance sheet data and also to examine subcomponents of GDP in the wake of banking and currency crises rather than focusing exclusively on aggregate GDP.

    pdf49p truongdoan 10-11-2009 154 50   Download

  • In those early, heady, exciting, and terribly uncertain days, many issues faced those in the nascent field that researchers today would find hard to remember. For example, our hearty band constantly worried if any scholarly journal would publish the papers we wrote. Sources of research funding were hard to find and difficult to maintain. MEMS fabrication was itself a major issue.

    pdf304p hoang1 31-10-2009 73 21   Download

  • Although the growing literature on the importance of finance in economic growth contrasts bank-based financial systems with market-based financial systems, little attention has been paid to the role of the bond market. Correspondingly the role of the bond market has been very small relative to that of the banking system or equity markets in most Asian emerging economies. We argue that the underdevelopment of Asian bond markets has undermined the efficiency of these economies and made them significantly more vulnerable to financial crises....

    pdf43p truongdoan 10-11-2009 108 21   Download

  • This book consists of a collection of articles describing the emerging and integrated area of Energy,Natural Resources and Environmental Economics. A majority of the authors are researchers doing applied work in economics, finance, and managemen science and are based in the Nordic countries. These countries have a long tradition of managing natural resources. Many of the applications are therefore founded on such examples.

    pdf537p huetay_1 28-02-2013 34 11   Download

  • The high data frequency not only helps to validate our results, but also allows us to advance some analysis. For example, in Chapter 5, the fund weekly data are used to calculate the risk-adjusted abnormal return for each year from 2000-2007. Then, it turns into a panel data allowing us to perform a multidimensional (panel) regression on fund characteristics. Furthermore, this is the first empirical study of an emerging market which includes flexible funds in the sample. In theory, a flexible fund is in some ways similar to equity funds since its main assets are also stocks.

    pdf184p khanhchilam 29-03-2013 37 10   Download

  • Performance evaluation measures the skill of an asset manager and its principal idea is to compare the returns with an alternative appropriate portfolio to that which was obtained in a particular case. The emergence of modern portfolio theory (MPT) by Markowitz (1952), who quantifies how rational investors make decisions based on expected return and risk, has brought much development to portfolio performance measurement.

    pdf323p khanhchilam 29-03-2013 22 10   Download

  • In spite of the limited evidence about the behaviour of mutual funds in emerging markets, mutual fund investment in these areas has grown markedly over the past decade at a quicker pace than even the developed markets have shown. The growth in mutual fund investment is influential because it shapes the future development in the securities market and has important policy implications. The high proportion of institutional investors creates more timely information and therefore makes the market more efficient.

    pdf76p khanhchilam 29-03-2013 29 8   Download

  • They say what doesn’t break you makes you stronger. For hedge funds, 2012 was a backbreaking year to put it mildly. Heightened market volatility, stressed global macroeconomic conditions, and underperformance relative to traditional investing vehicles were just a few of the factors that challenged hedge funds in 2012. Add the extra weight of an increasing regulatory burden, and many fund leaders might have been forgiven for packing it in.

    pdf8p lenh_hoi_xung 01-03-2013 24 7   Download

  • The research study was carried out by researchers with investment fund experience in developing countries. It included a desk study review and assessment to take stock of existing agriculture investment funds in developing countries in order to better understand their nature, magnitude, and most of all, the lessons learned from their experiences to date. Based on the initial work and characterization, more comprehensive case reviews were undertaken of six distinct types of investment funds and one fund management company.

    pdf49p khanhchilam 29-03-2013 18 7   Download

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