Overarching question

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  • To summarize, our study provides the rst evidence of local stock-picking skills of country- focused mutual funds. Further, we show that these skills are time-varying, and are best captured through the use of macroeconomic variables. To return to the issue of industry vs. country in Europe, we nd evidence that much more e ort is spent on managing and o ering country-focused funds, although sector-focused funds are gaining in popularity in Europe. As such, it appears that the industry vs. country debate is not yet resolved in the asset management world.

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  • Representative audience surveys on early motion picture audiences are lacking, and modern market research was not yet done by the emerging movie companies (Bakker 2003). The only information available is from the press and trade press and from company sources. Before the era of fixed cinemas emerged, probably a dual audience existed. At the high end was the upper middle class, who saw the first shows of Lumière’s cinematograph probably in a legitimate theatre, as a special event, and later on between the live-acts in big-time vaudeville.

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  • This research provided important findings for practitioners and mental health commissioners. Other research has also highlighted that access to appropriate treatments may be less frequent for refugees. 9 The issues are manifold and most seem to be fundamentally related to a lack of mutual understanding of mental health care needs and how the services designed to meet those specific needs are organised and accessed.

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  • The distribution of this Prospectus and the offering of the Shares may be restricted in certain jurisdictions. It is the responsibility of any persons in possession of this Prospectus and any persons wishing to apply for Shares to inform themselves of, and to observe, all applicable laws and regulations of any relevant jurisdictions. Prospective applicants for Shares should inform themselves as to legal requirements so applying and any applicable exchange control regulations and taxes in the countries of their respective citizenship, residence or domicile.

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  • The data is limited in some respects. We do not have information on total net assets, nor do we know the exact location of the portfolio manager, so we use the fund's legal domicile as a proxy for the manager's location. 9 We also have limited data on front-end and redemption loads, as well as total fund expense ratios. Moreover, we do not have data on many of the individual funds' expenses and fees, particularly during the early part of the sample (we searched for these data, and none of the major services{e.g., Morningstar{appear to have historical data covering our entire sample period).

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  • It is also important to note that our definition of support is narrow and excludes certain instances of sponsor intervention to protect MMMFs from losses. Specifically, direct support excludes support in the form of Capital Support Agreements (CSAs) and/or Letters of Credit (both of which provided guarantees on individual or a portfolio of securities) that were not drawn upon - even where such facilities were important in maintaining the market value NAVs of the funds.

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  • A digital event is an occurrence that changes the state of one or more digital objects[CS04a]. If the state of an object changes as a result of an event, then it is an effect of the event. Some types of objects have the ability to cause events and they are called causes. Note that because digital objects are stored in a physical form, then their state can be changed by both physical and digital events. An object is evidence of an event if the event changed the object’s state. This means that the object can be examined for information about the event that occurred. However,...

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  • These studies are all interconnected. For the market and financial studies, the promoter may appoint economic advisers because a major problem to be resolved is how large should the project be (in terms of output or capacity) and whether it would be economic to phase the construction in stages. The feasibility studies will need to investigate different options for provid- ing the output, to ascertain how practicable it is to adopt phased construction, and what difference this would cause to capital outlays and their timing.

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  • The goal of this book is to provide a step-by-step guideline for managing projects in general, and managing distance education projects in particular. It is directed at two audiences, namely, practitioners who find themselves having to run numerous projects, both big and small, on a day-to-day basis, and open and distance learning practitioners who are team members of projects within their institutions. The writers are also hopeful that the book will be useful to aspiring professionals whose wish is to undertake specific projects.

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  • The complete bodyshell of most cars is built up from a variety of sections which are resistance welded together. This type of weld is more commonly known as a “spot weld” due to its’ appearance – a circular weld about 1/4” wide. Each section of a modern car contributes to the strength of the whole shell, so it becomes vital that if any of those sections are removed, a replacement must be welded securely back into position, using a similar number of welds in the same places as the originals, to restore rigidity. One noticeable trend of the last...

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  • Greenplum Database utilizes a shared-nothing, massively parallel processing (MPP) architecture that has been designed for business intelligence and analytical processing. Most of today’s general-purpose relational database management systems are designed for Online Transaction Processing (OLTP) applications. Since these systems are marketed as supporting data warehousing and business intelligence (BI) applications, their customers have inevitably inherited this less-than-optimal architecture.

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  • Place bottle tops, top-side up, to make a shape. Record the co- ordinates of the corners of the shape. Place another set of bottle tops, teeth-side up, to show the image of the shape when it has been rotated 90° clockwise about the origin. Record these new co- ordinates. Compare the two sets of co-ordinate pairs. Show different shapes rotated 90° clockwise about the origin. Note the co-ordinates and investigate how the sets of co-ordinates are related. Now try rotations of other angles like 180° clockwise, 90° anticlockwise....

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  • However, instead of appropriately distributing risks, this process often concentrated risk in opaque and complex ways. Innovations occurred too rapidly for many financial institutions’ risk management systems; for the market infrastructure, which consists of payment, clearing and settlement systems; and for the nation’s financial supervisors. Securitization, by breaking down the traditional relationship between borrowers and lenders, created conflicts of interest that market discipline failed to correct.

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  • Primary pollutants are those in which the substance emitted is itself hazardous. Some primary pollutants also produce other dangerous substances after undergoing chemical reactions in the atmosphere, and these are known as secondary pollutants. Primary pollutants include the following substances. Particulates This includes dust, smoke, aerosols and haze - any finely divided airborne solid material.

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  • The development of the catalytic converter was society's response to smog problems. The installation of this clever device in the exhaust system has been mandatory on all new cars sold in the United States since 1975. It accomplishes three tasks, with varying degree of effectiveness: it converts any CO in the combustion products to CO2. It also facilitates the combustion of any unburned hydrocarbons to carbon dioxide and water. Finally, it also helps to reduce the emissions of nitrogen oxides by transforming them into the harmless nitrogen (N2).

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  • In our prior audit, we reported that AMS had not (1) established protocols for working with the National Organic Standards Board2 (Board) or resolving conflicts with them, or (2) fully developed internal operating procedures, particularly for resolving complaints and investigations and for providing guidance to certifying agents and their organic operators to ensure consistency in implementing program requirements.

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  • The sculpture entitled The Four Winds was made by Henrik Starcke in 1964. Originally located in an open car park close to Ter- minal 2, it was temporarily relocated in 1993 to prevent it being damaged during the excavation work for the railway and motor- way for the new fixed link across the Sound to Sweden. In the summer of 1999 - one hundred years after the artist was born - The Four Winds returned to its present location in the public area of the airport at the western end of the four-storey car park close to Terminal 2.

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  • Most highway expansion benefits are captured by consumers; it increases their mobility, allowing motorists to live in more distant suburbs and exurban areas. Only a small portion of these benefits are captured by businesses since commercial vehicles represent only a small portion of total traffic. Although some industrial trends, such as just-in-time production, increase the importance of road transport, other trends, such as telecommunications that substitute for physical travel, reduce its importance.

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  • The information in this guide is best applied in the context of current technology and applications. It also provides guidance for information disposition sanitization and control decisions to be made throughout the system life cycle. Forms of media exist that are not addressed by this guide, and media are yet to be developed and deployed that are not covered by this guide.

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  • On opening the gate valve, the flow path is enlarged in a highly nonlinear manner with respect to percent of opening. This means that flow rate does not change evenly with stem travel. Also, a partially open gate disk tends to vibrate from the fluid flow. Most of the flow change occurs near shutoff with a relatively high fluid velocity causing disk and seat wear and eventual leakage if used to regulate flow. For ...

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