Teresa 0601
•Download as PPT, PDF•
0 likes•241 views
This document summarizes a study on the relationship between fund performance, liquidity, and outflows for Taiwanese mutual funds. The study examines how outflows from open-end equity mutual funds are impacted by past performance and liquidity. Specifically, it investigates whether illiquid funds experience more outflows than liquid funds following poor performance. The methodology section outlines that the study will use regression analysis of Taiwan Economic Journal database information on fund size, age, expenses, returns, flows, and liquidity classifications from 1991 to 2011 to analyze this relationship.
Report
Share
Report
Share
Recommended
2 p exercise of scientific writing and research proposal
2 p exercise of scientific writing and research proposalPMAS Arid Agriculture University, Rawalpindi
This document provides guidance on writing a research proposal. It outlines selecting a clear and focused research topic that identifies a problem, keywords, and a sentence combining the keywords. Topics should be novel, current, and represent the research contents. An introduction note is developed from the keywords covering the importance of the topic, current issues, affected crop stages, and importance of the proposed mechanism. Funding agencies both local and international are identified. The document instructs writing an introductory note using the identified points and practicing topic selection and developing a one page introductory note by the next week.The facts about the qcs test o ps and tertiary entrance processes in australi...
This document discusses Queensland's QCS Test and tertiary entrance processes. It addresses common questions and myths. While the OP system is under review, it will still be used for a few more years. The review aims to make the system more flexible as schooling models change. Queensland scales subjects differently than other jurisdictions by scaling between subjects at both the school and state levels using the QCS Test as a baseline. The document provides details on QCS Test design, scaling processes, and data available to schools to analyze trends and identify potential issues. It cautions against overinterpreting data and notes many factors influence trends beyond just teaching.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling during spring break. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality is important for consumer value, satisfaction and loyalty rather than just price policies. More specific insights could be gained and demographics/trip characteristics were not addressed.
9922616_吳宜庭_proposal defense rehearsal
This document summarizes a study on customer perceptions of online travel agencies. The study aims to identify important attributes customers use to select agencies and how customers differentiate agencies based on these attributes. About 120 college students will complete a questionnaire on their online travel purchase experiences and preferences for agency attributes and providers. Descriptive statistics and multidimensional scaling will analyze the data to address the research questions. The literature review discusses online travel agencies and attributes important for selection. The methodology outlines the participant recruitment, instrument, procedures, and statistical analysis plan to understand customer perception of online travel agencies.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling during spring break. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality experiences can strengthen value, satisfaction and loyalty more than price policies alone. More research is needed on how demographics and trip characteristics influence perceptual constructs in tourism.
Manoj Nair Sdmc
1. The document analyzes cross-border consumer value dimensions through a comparative study across multiple contexts.
2. It reviews various perspectives on consumer value dimensions and identifies a knowledge gap around applying value dimensions in services contexts and across borders.
3. The research aims to operationalize eight consumer value dimensions, examine their influence on satisfaction, and test the relationships between dimensions with surveys across London, Mumbai, and Beijing involving mobile phone users aged 15-35.
Face recognition using arm 7
This document summarizes a technical seminar on using face recognition with an ARM7 processor. The system detects faces using HAAR features and recognizes them using LBP features on an ARM LPC2148 development board with a Windows operating system. Matlab is used for the front end processing, while code written in Keil runs on the ARM7 processor for back end processing and comparison. The system provides advantages such as easy and inexpensive use for applications like physical access control and banking ATMs, while its disadvantages include an inability to distinguish identical twins.
Face recognition vaishali
This document discusses face recognition using principal component analysis (PCA). It begins by defining face recognition and distinguishing it from face detection. It then outlines the steps of the PCA algorithm for face recognition, including representing faces as vectors, calculating the average face vector, normalizing faces, calculating the covariance matrix, selecting eigenvectors to reduce dimensionality, projecting faces into the reduced eigenface space, and representing faces as a linear combination of eigenfaces. The document focuses on explaining the PCA algorithm and its steps for performing eigenface-based face recognition.
Recommended
2 p exercise of scientific writing and research proposal
2 p exercise of scientific writing and research proposalPMAS Arid Agriculture University, Rawalpindi
This document provides guidance on writing a research proposal. It outlines selecting a clear and focused research topic that identifies a problem, keywords, and a sentence combining the keywords. Topics should be novel, current, and represent the research contents. An introduction note is developed from the keywords covering the importance of the topic, current issues, affected crop stages, and importance of the proposed mechanism. Funding agencies both local and international are identified. The document instructs writing an introductory note using the identified points and practicing topic selection and developing a one page introductory note by the next week.The facts about the qcs test o ps and tertiary entrance processes in australi...
This document discusses Queensland's QCS Test and tertiary entrance processes. It addresses common questions and myths. While the OP system is under review, it will still be used for a few more years. The review aims to make the system more flexible as schooling models change. Queensland scales subjects differently than other jurisdictions by scaling between subjects at both the school and state levels using the QCS Test as a baseline. The document provides details on QCS Test design, scaling processes, and data available to schools to analyze trends and identify potential issues. It cautions against overinterpreting data and notes many factors influence trends beyond just teaching.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling during spring break. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality is important for consumer value, satisfaction and loyalty rather than just price policies. More specific insights could be gained and demographics/trip characteristics were not addressed.
9922616_吳宜庭_proposal defense rehearsal
This document summarizes a study on customer perceptions of online travel agencies. The study aims to identify important attributes customers use to select agencies and how customers differentiate agencies based on these attributes. About 120 college students will complete a questionnaire on their online travel purchase experiences and preferences for agency attributes and providers. Descriptive statistics and multidimensional scaling will analyze the data to address the research questions. The literature review discusses online travel agencies and attributes important for selection. The methodology outlines the participant recruitment, instrument, procedures, and statistical analysis plan to understand customer perception of online travel agencies.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling during spring break. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality experiences can strengthen value, satisfaction and loyalty more than price policies alone. More research is needed on how demographics and trip characteristics influence perceptual constructs in tourism.
Manoj Nair Sdmc
1. The document analyzes cross-border consumer value dimensions through a comparative study across multiple contexts.
2. It reviews various perspectives on consumer value dimensions and identifies a knowledge gap around applying value dimensions in services contexts and across borders.
3. The research aims to operationalize eight consumer value dimensions, examine their influence on satisfaction, and test the relationships between dimensions with surveys across London, Mumbai, and Beijing involving mobile phone users aged 15-35.
Face recognition using arm 7
This document summarizes a technical seminar on using face recognition with an ARM7 processor. The system detects faces using HAAR features and recognizes them using LBP features on an ARM LPC2148 development board with a Windows operating system. Matlab is used for the front end processing, while code written in Keil runs on the ARM7 processor for back end processing and comparison. The system provides advantages such as easy and inexpensive use for applications like physical access control and banking ATMs, while its disadvantages include an inability to distinguish identical twins.
Face recognition vaishali
This document discusses face recognition using principal component analysis (PCA). It begins by defining face recognition and distinguishing it from face detection. It then outlines the steps of the PCA algorithm for face recognition, including representing faces as vectors, calculating the average face vector, normalizing faces, calculating the covariance matrix, selecting eigenvectors to reduce dimensionality, projecting faces into the reduced eigenface space, and representing faces as a linear combination of eigenfaces. The document focuses on explaining the PCA algorithm and its steps for performing eigenface-based face recognition.
Teresa's ppt
1) The document summarizes a study on the behavior of Taiwan mutual fund investors based on fund performance and flows between 1995-1999.
2) The study found that small-amount investors prefer large funds and buy based on short-term past performance, while large-amount investors prefer small funds and hold onto winners longer term.
3) Differences were observed between Taiwan investors compared to previous US studies, showing stark differences in investor behavior between the two markets.
The behavior
This document summarizes a study that investigated the asset allocation preferences of Taiwanese investors. It used surveys and analytical hierarchy process (AHP) methods to analyze how factors like market environment, investment amount, expected returns, risk tolerance, and investment type affected investors' choices between stocks, mutual funds, foreign currencies, and bonds. The study found that risk tolerance was the most important factor for Taiwanese investors. However, they preferred stocks over other assets. When considering market environment and risk tolerance, mutual funds were preferred over stocks. Overall, bonds were the least favored asset. The results provided evidence applicable to behavioral finance about irrational investment behaviors exhibited by Taiwanese investors.
Active and Passive Management: Complements or Rivals?
The document analyzes the historical performance of actively managed mutual funds compared to their benchmarks. It finds that over 60% of funds with high active share (meaning their holdings differed significantly from the benchmark) outperformed their benchmarks in terms of returns, risk-adjusted returns, and downside protection over multiple market cycles. The outperformance was observed across large cap and small/mid cap domestic and international equity categories. However, success rates varied over rolling time periods, with distinct periods of strong and weak relative performance. The document concludes that truly active management can outperform passive indexes, especially with extended evaluation periods and disciplined manager selection.
HONR 4000 Report - Alyssa Hofstetter
The author conducted an experiment to analyze the disposition effect among 58 student subjects. In a simulated financial market, subjects decided whether to hold or sell assets over 20 periods as values fluctuated. The majority of subjects exhibited the disposition effect by selling winning assets too early and holding losing assets too long. Correlations between the disposition effect and variables like gender, age, major, and risk aversion were explored but inconclusive due to small sample sizes for some groups. Overall, the experiment provided evidence that the disposition effect is present among most investors.
Stale prices and performance qian
This document summarizes a journal article that examines how stale prices impact the performance evaluation of mutual funds. The article introduces a model to estimate "true alpha" based on the true returns of underlying fund assets, independent of biases from stale pricing. Empirical tests show true alpha is about 40 basis points higher than observed alpha and remains positive on average. The difference between the two alphas consists of three components - a small statistical bias, dilution from long-term fund flows, and a large and significant dilution effect primarily from short-term arbitrage flows exploiting stale prices.
Persistence performance
This document provides an extensive literature review of studies examining performance persistence in mutual funds. The review summarizes findings from early studies in the 1960s-1980s that used long time periods of 10-15 years and generally found some evidence of performance persistence, especially for inferior performers. However, later studies using shorter time periods found more inconsistent results and that persistence was strongly dependent on the sample and methodology used. The review concludes that while short-term persistence is sometimes found, past performance is not a reliable predictor of future returns due to biases in conventional testing procedures. Results are often sensitive to the specific measures and time periods examined, especially for equity funds.
Standard & poor's 16768282 fund-factors-2009 jan1
This document summarizes a study by Standard & Poor's on factors that predict investment fund performance. The study analyzed both qualitative factors like fund size, expenses, and age as well as quantitative metrics like Jensen's alpha and information ratio. The key findings were:
- For developed markets, larger funds with lower expenses tended to outperform. But for emerging markets, smaller funds did better due to differences in liquidity.
- Jensen's alpha and information ratio best predicted future performance of developed market equity funds over shorter time periods.
- Past performance was informative over 2 years but less so over 1 year due to noise. Fund selection should focus on factors predicting shorter term outperformance.
Some Reflections on Agricultural Innovation Systems Methodological Framework
1. The document discusses a methodological framework for analyzing agricultural innovation systems using a six step approach.
2. The six steps include reviewing historical background, policy environment, key actors, functions of actors, competencies and habits, and linkages between actors.
3. The framework is meant to provide an inclusive analysis of the innovation process by considering the various actors, institutions, relationships, and interactions that influence innovation.
Active Share and Product Pairs Analysis
Strategies with high active share have garnered much attention from institutional investors following the release of Martijn Cremers and Antti Petajisto’s research paper that introduced the concept.
In this paper we isolate the impact of active share on performance by focusing on “product pairs,” which are two portfolios that share many characteristics (same management team, basic philosophy, research platform, etc.) but have different degrees of concentration (concentrated vs. diversified), which translates fairly directly to a difference in active share.
We ran several analyses using product pairs identified in Callan’s database in order to better understand— and quantify—the performance differences between concentrated and diversified products managed by the same team. Our analysis reveals the inherent difficulty of identifying reliable predictors of excess return across strategies and over time. High active share may be worthy of consideration as a screening variable, but it is clearly only one of potentially dozens of factors that might influence the magnitude and direction of the excess return for any given strategy over time.
Author Gregory C. Allen is Callan’s President and Director of Research. He oversees Callan’s Fund Sponsor Consulting, Trust Advisory, and multiple other firm-wide research groups.
Greg is a member of Callan’s Management, Alternatives Review, and Client Policy Review Committees. He is also a member of the Investment Committee, which has oversight responsibility for all of Callan’s discretionary multi-manager solutions.
FTSE RAFI webinar Mar 20
The document summarizes a presentation on the 10 year anniversary of the FTSE RAFI Index Series. It discusses how fundamental indexing was originally conceived as an alternative to cap-weighted indexing and active management. It then reviews how the original criticisms of fundamental indexing have held up based on 10 years of live performance data. Finally, it discusses how fundamental indexing has evolved and the future of smart beta strategies.
Observation as an instrument_of_enquiry(2)
This document provides an overview of observation as a research instrument. It discusses key considerations in planning an observational study such as determining the purpose, sample, data collection methods, and ensuring validity and reliability. Strengths of observation include providing direct access to interactions and producing systematic records, while weaknesses include the time required and potential for bias. The document also covers issues like sampling techniques, developing categories for analysis, and referencing sources to support the research design.
Fund selection based on fund characteristics budiono
- The study investigates whether fund characteristics can help predict mutual fund performance beyond just using past performance.
- By analyzing one group of funds from 1962-2006, the study finds that past performance, ability (a fund's risk-adjusted performance over its lifetime), and turnover ratio significantly predict future fund performance.
- When the researchers implement an investment strategy selecting funds based on predicted performance from these three factors, it generates higher risk-adjusted returns than a strategy just using past performance.
Final thesis
1. The document discusses the relationship between trading volume, stock returns, and volatility based on an analysis of data from the Pakistan Stock Exchange from 2003-2013. It aims to understand how changes in these variables impact each other.
2. Previous research on the topic in developed markets found a positive relationship between trading volume, returns, and volatility, but little work has been done in Pakistan.
3. The study will analyze daily data from the KSE 100 index and 50 firms using ARCH and GARCH models to explore the explanatory power of past trading volume and returns on current market returns and volatility in Pakistan.
A Study on Performance Evaluation of Equity Shares and Mutual Funds
In the current economic scenario interest rates are falling and fluctuation in the share market has put investors in confusion. One finds it difficult to take decision on investment. This is primarily, because of investments are risky in nature and investors have to consider various factors before investing in investment avenues.
These factors include risk, return, volatility of shares and liquidity. The main objective of comparing investment in equity shares with mutual fund schemes is to analyze the performance of mutual funds with their benchmark and comparing them with equities by using risk, return, beta and alpha as a parameter.
analysis project for mba, comparative analysis, between private and public sectors, review, literature, comparative analysis, findings, fund project, project report, comparative, fund returns and bank deposits, reliance, fund vs uti, fund
Aed1222 lesson 1 and 3
This document provides an introduction to statistics for built environment students. It defines key statistical concepts like populations, samples, parameters, and statistics. It explains the two main branches of statistics - descriptive statistics, which involves collecting, organizing and summarizing data, and inferential statistics, which makes conclusions about populations based on sample data. The document also discusses why sampling is needed instead of censuses, and describes different sampling techniques like probability and non-probability sampling. It outlines techniques like simple random sampling, stratified sampling and others.
The scientific method
The document outlines the basic steps of the scientific method used in sociological research: 1) Define the problem, 2) Review relevant literature, 3) Formulate a testable hypothesis, 4) Select a research design and collect/analyze data through methods like surveys, observation, or experiments, and 5) Develop a conclusion and ideas for further research. It discusses key aspects of each step, such as developing operational definitions, identifying independent and dependent variables, ensuring validity and reliability, and addressing ethical concerns.
Internship_project_report.docx
This document provides an overview of the mutual fund industry in India. It discusses the history and development of mutual funds starting from their origins in Europe in the late 1700s. The first mutual fund was introduced in the US in 1924. The mutual fund industry in India started in 1963 with the formation of Unit Trust of India (UTI). The objectives were to attract small investors and channelize their savings into productive avenues. The industry grew slowly until the 1990s when it was opened up to private players. The industry has seen significant growth in the last two decades with the entry of many private sector funds. The document also provides brief details about the growth and regulations of the mutual fund industry in India.
Essay Methods
Essay on Research methods exam
Horizontal Vertical And Ratios
Feminist Methodologies Essay example
Essay on Research Methods
Essay on Research Methodology
Research Methods Essay
Sampling Methods Essay
Methodology of Research Essay examples
Sample Methodology Essay
Research Methods
Sampling Methods Essay
Psychology Methods
Superior performance by combining Rsik Parity with Momentum?
This document examines different strategies for global asset allocation between equities, bonds, commodities and real estate. It finds that applying trend following rules substantially improves risk-adjusted performance compared to traditional buy-and-hold portfolios. It also finds trend following to be superior to risk parity approaches. Combining momentum strategies with trend following further improves returns while reducing volatility and drawdowns. A flexible approach that allocates capital based on volatility-weighted momentum rankings of 95 markets produces attractive, consistent risk-adjusted returns.
statistics.pdf
Statistics is the science of collecting, organizing, summarizing, presenting, and analyzing numerical data. It has two main fields - descriptive statistics which summarizes data, and inferential statistics which makes generalizations beyond the data. There are different types of variables, sources of data, methods of data presentation including tables, graphs, and textual descriptions. Common statistical terms include population, sample, measurement, and classification of variables. Sampling allows studying a small part of the population and generalizing to the whole. Probability and non-probability sampling methods are described.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling during spring break. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality is important for consumer value, satisfaction and loyalty rather than just price policies. More research could explore the effects of demographics and trip characteristics on perceptual constructs in tourism experiences.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling in groups. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality experiences can strengthen value, satisfaction and loyalty more than price policies alone. It concluded high quality strengthens perceived value, satisfaction and repurchase/recommendation intentions but could further address construct relations and effects of demographics.
More Related Content
Similar to Teresa 0601
Teresa's ppt
1) The document summarizes a study on the behavior of Taiwan mutual fund investors based on fund performance and flows between 1995-1999.
2) The study found that small-amount investors prefer large funds and buy based on short-term past performance, while large-amount investors prefer small funds and hold onto winners longer term.
3) Differences were observed between Taiwan investors compared to previous US studies, showing stark differences in investor behavior between the two markets.
The behavior
This document summarizes a study that investigated the asset allocation preferences of Taiwanese investors. It used surveys and analytical hierarchy process (AHP) methods to analyze how factors like market environment, investment amount, expected returns, risk tolerance, and investment type affected investors' choices between stocks, mutual funds, foreign currencies, and bonds. The study found that risk tolerance was the most important factor for Taiwanese investors. However, they preferred stocks over other assets. When considering market environment and risk tolerance, mutual funds were preferred over stocks. Overall, bonds were the least favored asset. The results provided evidence applicable to behavioral finance about irrational investment behaviors exhibited by Taiwanese investors.
Active and Passive Management: Complements or Rivals?
The document analyzes the historical performance of actively managed mutual funds compared to their benchmarks. It finds that over 60% of funds with high active share (meaning their holdings differed significantly from the benchmark) outperformed their benchmarks in terms of returns, risk-adjusted returns, and downside protection over multiple market cycles. The outperformance was observed across large cap and small/mid cap domestic and international equity categories. However, success rates varied over rolling time periods, with distinct periods of strong and weak relative performance. The document concludes that truly active management can outperform passive indexes, especially with extended evaluation periods and disciplined manager selection.
HONR 4000 Report - Alyssa Hofstetter
The author conducted an experiment to analyze the disposition effect among 58 student subjects. In a simulated financial market, subjects decided whether to hold or sell assets over 20 periods as values fluctuated. The majority of subjects exhibited the disposition effect by selling winning assets too early and holding losing assets too long. Correlations between the disposition effect and variables like gender, age, major, and risk aversion were explored but inconclusive due to small sample sizes for some groups. Overall, the experiment provided evidence that the disposition effect is present among most investors.
Stale prices and performance qian
This document summarizes a journal article that examines how stale prices impact the performance evaluation of mutual funds. The article introduces a model to estimate "true alpha" based on the true returns of underlying fund assets, independent of biases from stale pricing. Empirical tests show true alpha is about 40 basis points higher than observed alpha and remains positive on average. The difference between the two alphas consists of three components - a small statistical bias, dilution from long-term fund flows, and a large and significant dilution effect primarily from short-term arbitrage flows exploiting stale prices.
Persistence performance
This document provides an extensive literature review of studies examining performance persistence in mutual funds. The review summarizes findings from early studies in the 1960s-1980s that used long time periods of 10-15 years and generally found some evidence of performance persistence, especially for inferior performers. However, later studies using shorter time periods found more inconsistent results and that persistence was strongly dependent on the sample and methodology used. The review concludes that while short-term persistence is sometimes found, past performance is not a reliable predictor of future returns due to biases in conventional testing procedures. Results are often sensitive to the specific measures and time periods examined, especially for equity funds.
Standard & poor's 16768282 fund-factors-2009 jan1
This document summarizes a study by Standard & Poor's on factors that predict investment fund performance. The study analyzed both qualitative factors like fund size, expenses, and age as well as quantitative metrics like Jensen's alpha and information ratio. The key findings were:
- For developed markets, larger funds with lower expenses tended to outperform. But for emerging markets, smaller funds did better due to differences in liquidity.
- Jensen's alpha and information ratio best predicted future performance of developed market equity funds over shorter time periods.
- Past performance was informative over 2 years but less so over 1 year due to noise. Fund selection should focus on factors predicting shorter term outperformance.
Some Reflections on Agricultural Innovation Systems Methodological Framework
1. The document discusses a methodological framework for analyzing agricultural innovation systems using a six step approach.
2. The six steps include reviewing historical background, policy environment, key actors, functions of actors, competencies and habits, and linkages between actors.
3. The framework is meant to provide an inclusive analysis of the innovation process by considering the various actors, institutions, relationships, and interactions that influence innovation.
Active Share and Product Pairs Analysis
Strategies with high active share have garnered much attention from institutional investors following the release of Martijn Cremers and Antti Petajisto’s research paper that introduced the concept.
In this paper we isolate the impact of active share on performance by focusing on “product pairs,” which are two portfolios that share many characteristics (same management team, basic philosophy, research platform, etc.) but have different degrees of concentration (concentrated vs. diversified), which translates fairly directly to a difference in active share.
We ran several analyses using product pairs identified in Callan’s database in order to better understand— and quantify—the performance differences between concentrated and diversified products managed by the same team. Our analysis reveals the inherent difficulty of identifying reliable predictors of excess return across strategies and over time. High active share may be worthy of consideration as a screening variable, but it is clearly only one of potentially dozens of factors that might influence the magnitude and direction of the excess return for any given strategy over time.
Author Gregory C. Allen is Callan’s President and Director of Research. He oversees Callan’s Fund Sponsor Consulting, Trust Advisory, and multiple other firm-wide research groups.
Greg is a member of Callan’s Management, Alternatives Review, and Client Policy Review Committees. He is also a member of the Investment Committee, which has oversight responsibility for all of Callan’s discretionary multi-manager solutions.
FTSE RAFI webinar Mar 20
The document summarizes a presentation on the 10 year anniversary of the FTSE RAFI Index Series. It discusses how fundamental indexing was originally conceived as an alternative to cap-weighted indexing and active management. It then reviews how the original criticisms of fundamental indexing have held up based on 10 years of live performance data. Finally, it discusses how fundamental indexing has evolved and the future of smart beta strategies.
Observation as an instrument_of_enquiry(2)
This document provides an overview of observation as a research instrument. It discusses key considerations in planning an observational study such as determining the purpose, sample, data collection methods, and ensuring validity and reliability. Strengths of observation include providing direct access to interactions and producing systematic records, while weaknesses include the time required and potential for bias. The document also covers issues like sampling techniques, developing categories for analysis, and referencing sources to support the research design.
Fund selection based on fund characteristics budiono
- The study investigates whether fund characteristics can help predict mutual fund performance beyond just using past performance.
- By analyzing one group of funds from 1962-2006, the study finds that past performance, ability (a fund's risk-adjusted performance over its lifetime), and turnover ratio significantly predict future fund performance.
- When the researchers implement an investment strategy selecting funds based on predicted performance from these three factors, it generates higher risk-adjusted returns than a strategy just using past performance.
Final thesis
1. The document discusses the relationship between trading volume, stock returns, and volatility based on an analysis of data from the Pakistan Stock Exchange from 2003-2013. It aims to understand how changes in these variables impact each other.
2. Previous research on the topic in developed markets found a positive relationship between trading volume, returns, and volatility, but little work has been done in Pakistan.
3. The study will analyze daily data from the KSE 100 index and 50 firms using ARCH and GARCH models to explore the explanatory power of past trading volume and returns on current market returns and volatility in Pakistan.
A Study on Performance Evaluation of Equity Shares and Mutual Funds
In the current economic scenario interest rates are falling and fluctuation in the share market has put investors in confusion. One finds it difficult to take decision on investment. This is primarily, because of investments are risky in nature and investors have to consider various factors before investing in investment avenues.
These factors include risk, return, volatility of shares and liquidity. The main objective of comparing investment in equity shares with mutual fund schemes is to analyze the performance of mutual funds with their benchmark and comparing them with equities by using risk, return, beta and alpha as a parameter.
analysis project for mba, comparative analysis, between private and public sectors, review, literature, comparative analysis, findings, fund project, project report, comparative, fund returns and bank deposits, reliance, fund vs uti, fund
Aed1222 lesson 1 and 3
This document provides an introduction to statistics for built environment students. It defines key statistical concepts like populations, samples, parameters, and statistics. It explains the two main branches of statistics - descriptive statistics, which involves collecting, organizing and summarizing data, and inferential statistics, which makes conclusions about populations based on sample data. The document also discusses why sampling is needed instead of censuses, and describes different sampling techniques like probability and non-probability sampling. It outlines techniques like simple random sampling, stratified sampling and others.
The scientific method
The document outlines the basic steps of the scientific method used in sociological research: 1) Define the problem, 2) Review relevant literature, 3) Formulate a testable hypothesis, 4) Select a research design and collect/analyze data through methods like surveys, observation, or experiments, and 5) Develop a conclusion and ideas for further research. It discusses key aspects of each step, such as developing operational definitions, identifying independent and dependent variables, ensuring validity and reliability, and addressing ethical concerns.
Internship_project_report.docx
This document provides an overview of the mutual fund industry in India. It discusses the history and development of mutual funds starting from their origins in Europe in the late 1700s. The first mutual fund was introduced in the US in 1924. The mutual fund industry in India started in 1963 with the formation of Unit Trust of India (UTI). The objectives were to attract small investors and channelize their savings into productive avenues. The industry grew slowly until the 1990s when it was opened up to private players. The industry has seen significant growth in the last two decades with the entry of many private sector funds. The document also provides brief details about the growth and regulations of the mutual fund industry in India.
Essay Methods
Essay on Research methods exam
Horizontal Vertical And Ratios
Feminist Methodologies Essay example
Essay on Research Methods
Essay on Research Methodology
Research Methods Essay
Sampling Methods Essay
Methodology of Research Essay examples
Sample Methodology Essay
Research Methods
Sampling Methods Essay
Psychology Methods
Superior performance by combining Rsik Parity with Momentum?
This document examines different strategies for global asset allocation between equities, bonds, commodities and real estate. It finds that applying trend following rules substantially improves risk-adjusted performance compared to traditional buy-and-hold portfolios. It also finds trend following to be superior to risk parity approaches. Combining momentum strategies with trend following further improves returns while reducing volatility and drawdowns. A flexible approach that allocates capital based on volatility-weighted momentum rankings of 95 markets produces attractive, consistent risk-adjusted returns.
statistics.pdf
Statistics is the science of collecting, organizing, summarizing, presenting, and analyzing numerical data. It has two main fields - descriptive statistics which summarizes data, and inferential statistics which makes generalizations beyond the data. There are different types of variables, sources of data, methods of data presentation including tables, graphs, and textual descriptions. Common statistical terms include population, sample, measurement, and classification of variables. Sampling allows studying a small part of the population and generalizing to the whole. Probability and non-probability sampling methods are described.
Similar to Teresa 0601 (20)
Active and Passive Management: Complements or Rivals?
Active and Passive Management: Complements or Rivals?
Some Reflections on Agricultural Innovation Systems Methodological Framework
Some Reflections on Agricultural Innovation Systems Methodological Framework
Fund selection based on fund characteristics budiono
Fund selection based on fund characteristics budiono
A Study on Performance Evaluation of Equity Shares and Mutual Funds
A Study on Performance Evaluation of Equity Shares and Mutual Funds
Superior performance by combining Rsik Parity with Momentum?
Superior performance by combining Rsik Parity with Momentum?
More from Catherine Wu
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling during spring break. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality is important for consumer value, satisfaction and loyalty rather than just price policies. More research could explore the effects of demographics and trip characteristics on perceptual constructs in tourism experiences.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling in groups. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality experiences can strengthen value, satisfaction and loyalty more than price policies alone. It concluded high quality strengthens perceived value, satisfaction and repurchase/recommendation intentions but could further address construct relations and effects of demographics.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling in groups. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality experiences can strengthen value, satisfaction and loyalty more than price policies alone. It concluded high quality strengthens perceived value, satisfaction and repurchase/recommendation intentions but could further address construct relations and effects of demographics.
9922616_吳宜庭_PPT
This study investigated the dimensions of consumer value, perceived value, satisfaction and loyalty among Spanish university students traveling during spring break. It found that perceptions of benefits like efficiency, service quality, play, aesthetics and social value were positively related to perceived value, while costs like price and risk were negatively related. Perceived value positively impacted satisfaction, which positively impacted loyalty. The study showed quality experiences can strengthen value, satisfaction and loyalty more than price policies alone. More research is needed on how demographics and trip characteristics influence perceptual constructs in tourism.
9922616_吳宜庭_PPT
1. The document summarizes a study that used multidimensional scaling to map customer perceptions of various online travel agencies based on important attributes.
2. The results showed that finding low fares was the most important attribute, followed by security. Expedia and Travelocity were seen as leaders based on these attributes.
3. The study provided insights into how customers differentiate agencies, but could be improved by surveying a wider range of customers and identifying purchase-decision factors.
9922616 吳宜庭
1. The document summarizes a study that used multidimensional scaling to map customer perceptions of various online travel agencies based on important attributes.
2. The results showed that finding low fares was the most important attribute, followed by security. Expedia and Travelocity were perceived as leaders based on these attributes.
3. The study provided insights into how customers differentiate agencies, but could be improved by surveying a wider range of customers and identifying purchase-decision factors.
More from Catherine Wu (6)
Teresa 0601
- 1. Presenter ： Chia-Yi Abi Lin Instructor ： Dr. Pi-Ying Teresa Hsu Date ： June 01, 2011
- 2. Methodology 3 - Participants - Procedures - Instruments - Statistical Analysis Contents Literature Review 2 - Flows - Research Gap - Purposes of the study - Research Question - Background Introduction 1
- 4. purchases inflows redemptions outflows Flows Mutual Funds Open-end equity
- 5. Literature Review - Flows - Research Gap - Purposes of the study - Research Question
- 8. Flows-Size The size of previous-period market has a strong influence on fund’s flows . (Roston, 1996)
- 10. Research Gap No providing empirical evidence of differentiating the high and low of flows Few studies have focused on using Taiwanese data from Taiwan Economic Journal (TEJ) database.
- 13. Methodology - Participants - Procedures - Instruments - Statistical Analysis
- 14. Taiwan Economic Journal (TEJ) database Participants Open-end equity mutual funds Stock funds (at least 70%)
- 16. Regression analysis Statistical Analysis Sample Control Variables Instrument Database
- 17. THANKS FOR LISTENING .
- 18. A Q &