“UK Open-Ended Mutual Funds Industry pre and post the Global Financial Crisis: Performance Persistence and Return Attribution” By Dimitris Xydias Abstract This dissertation project tests the persistence in performance of a survivorship bias controlled sample of 574 UK Open-End Mutual Funds for the period between 31/12/1999 and 31/12/2011 and decomposes the funds’ returns into factors. The former is done by employing both parametric and non-parametric approaches to identify persistence and the
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Analysis of the industry’s environment (SWOT Analysis) HDFC and Standard Life first came together for a possible joint venture‚ to enter the life Insurance market‚ in January 1995. It was clear from the outset that both companies shared similar values and beliefs and a strong relationship quickly formed. In October 1995‚ the companies signed a 3-year joint venture agreement. STRENGTH 1. Domestic image of HDFC supported by Prudential’s international image is strength of the company. 2. Strong
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The Coconut Levy Fund Abstract Summary Table of Contents Introduction Cocos Nucifera‚ better known as the coconut‚ has been with the Filipinos since the earliest forebears first inhabited the archipelago. When the first western adventures stumbled into the Philippine shores‚ their scribes recorded encounters with brown-skinned natives who derived their basic needs in life from a single source they called the “Tree of Life”. This remained true for the Filipinos until the imposition
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out of most macroeconomic as well as money and banking textbooks provides a straightforward and practical perspective on interest rate determination that can help students navigate the established interest rate theories. Introduction Loanable funds theory‚ liquidity preference theory‚ the IS/LM model’s determination of the interest rate‚ and the more recent general equilibrium-based models of interest rate determination‚ together share the role of interest rate theory in the economics curriculum
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Introduction 3 1.0 Introduction Social Security Fund (SSF) was established on 23 March 1990 to provide basic social security for the Macau residents. According to the Act 84/89/M‚ Social Security fund would provide subsidies or assistance for unemployed‚ sick and retired people. This was the so-call “the first tier of social security”. At the same time‚ SSF was positioned as a financially independent fund under the local government. In Macau‚ Pension fund is included in the SSF‚ and there is no separation
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The International Monetary Fund: Its Present Role in Historical Perspective* Prepared for the U.S. Congressional International Financial Institution Advisory Commission * For valuable and timely research assistance we thank Debajyoti Chakrabarty. For helpful comments on an earlier draft we thank Jim Boughton. Table of Contents 1. Introduction 2. What does the IMF do? 3. Origins and Original Aims 4. The IMF’s Role in the Post Bretton
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The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries‚ in particular those with an impact on exchange rates and the balance of payments. It is an organization formed to stabilize international exchange rates and facilitate development.[2] It also offers financial and technical assistance to its members‚ making it an international lender of last resort. Its headquarters are located
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their two mantras‚ making them a unique type of investment firm at that time. Their strategy was mainly based on investing in index funds‚ in small stocks (illiquid stocks) and high book value of equity to market value of equity ratio. The last two components were the
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Discussion: Mutual Aid and Conflict Mutual Aid refers to people helping one another think things through. The mutual-aid model of social work with groups is based on the belief we work with groups precisely because of their potential for mutual aid. Helping people engage in mutual aid is no simple matter‚ however. In its utilization of group process as the primary means for helping and so direct contrast to the “individual work in a group” style that overwhelms much of practice today‚ mutual aid work
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THE STAR EDUCATION FUND Application Form For Tier 2 Scholarship For Academic Year ___________ Recent Photograph Read the application procedures and the terms and conditions carefully before completing same. Course Applied For: .............................................................................................................. Are you presently enrolled at any University/College: If “yes”‚ please provide the following information: Name of educational institution: Name of the course
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