Mutual Fund Performance

Mutual Fund Performance
Case a) US Mutual Fund Performance
Maastricht University| | | | School of Business & Economics| | | | Place & date:| Maastricht, 5th December 2013| | | | Name, initials:|
MГјller–Wilmes, VEMCroughs, ZWFWang, WCGerdsen, BHARack, MD| | For assessor only| | ID number:|
I6076025I6075042I6117368I6075829I6064576| | 1. Content| | Study:| International Business Economics| | 2. Language structure| | Course code:| EBC|
| 3. Language accuracy| | Group number:| 1| | 4. Language: Format & citing/referencing| | Writing tutor name:| Mike Langen| | Overall:| | Writing
assignment:| | | Advisory grade| | | | | Assessor's initials| |
Your UM email address: ... Show more content on Helpwriting.net ...
ct on Market Efficiency, Investment advice considering the impact of costs (Jessica/Miro)
Hot hand effect
Survivorship bias
Appendix
Single Factor model
E(rpassive) – rf = О±+ОІ RMarket+ Оµ R = E – rf
Passive| Excess Return| Standard Deviation| Alpha| Market | R2adj| SSGA S&P 500 index| 1,0| | 0,07| 1,00| 0,95| FIDELITY Spartanindex fund| | |
0,04| 1,01| 0,94| DREYFUS S&P 500 index fund| | | –0,02| 1,01| 0,95| VANGUARD 500 index funds| | | 0,00| 1,01| 0,95| BGI index funds | | | 0,09|
1,01| 0,95| All funds | 1,17| 3,10| 0,00| 1,01| 0,95|
E(ractive) – rf = О±+ОІ RMarket+ Оµ R = E – rf
Active| Excess Return| Standard Deviation| Alpha| Market | R2adj| Aggressive growth | 1,07| 4,87|–0,31| 1.18| 0,74| Growth| 1,01| 3,65| –0.17| 1,02|
0,96| Income| 0,95| 2,61| 0,06| 0,76| 0,94| Growthincome| 0,97| 3,06| –0,08| 0,90| 0,99| Small cap| 1,14| 4,32| –0,05| 1,02| 0,68| All funds | 1,03| 3,65|

–0,11| 0,98| 0,92|
(1) Alpha tested for 0 and Market tested for 1 insignificant (2) At 10% significant, at 5% significant, at 1% significant
Multifactor model
E(rpassive)–rf = О±+ОІMarket RMarket+ОІSMB E(rSMB)+ОІHMLE(rHML)+ ОІMOME(rMOM)+Оµ R = E – rf
Passive | Excess Return | Standard Deviation| Alpha | Market | SMB| HML| MOM| R2adj| All funds| 1,17| 3,10| 0,06| 1,01|–0,26| –0,01| –0,03| 0,99|
E(ractive)–rf
... Get more on HelpWriting.net ...

Marxism Midterm Essay : State And Revolution
Marxism Midterm Essay: State and Revolution Sarah Elberling University of Denver State and Revolution The early 20th century socialist
revolutionary theorists Vladimir Lenin, Rosa Luxembourg and Leon Trotsky believed that the withering away of the state and the removal of the
capitalist mode of production was a necessary outcome if the individual was to ever realize their true nature as being free, equal and self–determining.
This, however, could only be achieved through the development of the proletariat's class consciousness and their defeat over the bourgeoisie. It is in
this manner where both socialist revolutionary theory and practice share a dialectical relationship. However untied in their revolutionary visions of this
international process, these theorists differ in what the role and functions of the revolutionary party should be in the historical development of the new
socialist state. For Lenin and Trotsky, they envisage the revolutionary vanguard party as being separate from the proletariat class. Their reasoning being
that the working class themselves would remain limited by their own trade's union consciousness and therefore, would need the assistance of the
Central Committee to lead them in the methods to achieve the socialist revolution. For Luxembourg, however, the vanguard party would need to be
rooted and systematically connected to the proletariat class itself in order for the revolution's spontaneity and organizational dialectic

Sturm And Ruger 's Mission Statement Essay
Sturm and Ruger's mission statement is as follows: Ruger focuses on serving our shareholders, our loyal customers and our employees. We strive to
produce the high quality products demanded by our customers as efficiently as possible, which provides long–term value for our customers and
promotes the interests of customers, employees and shareholders alike. Ruger is one of the best manufactures for reliable firearms in the world. They
are the only full–line manufacturer for American–made firearms who offer more than 400 variations and 30 product lines. Sturm and Ruger
manufacture firearms such as, pistols, revolvers, rifles and accessories.
Environment
International firearm companies could start in the market and become new competitors for the Sturm and Ruger Company. Technology is changing
everyday and Ruger will have to keep up with the present technology to keep the customers they have and to gain customers in the future. In social
cultural the younger generation has to grow up around guns and become custom to them so they will then become customers. The United States needs
to stay economically stable so Ruger can efficiently run and stay competitive. The United States needs to keep the gun laws and can't ridicule them so
citizens are unable to buy guns. For wild game animals to be hunted they will have to have a stable population.
Global Environment Sturm and Ruger are very involved internationally. The bigger countries they are involved in are Australia, Argentina,

Case Study Of Crocs
If referred to the existing crocs shoes model with same model, the price of the crocs is around RM169.00 to RM269.00. With the new innovate
features and shape design, the price should be more than RM269.00 of normal crocs flat shoes, but less than RM300. The price suggestion would be
RM299.00. The price is a little bit higher than the existing product, because of the new upgraded which is better and safe to be wear by kids and also
adult. With the affordable price and good upgraded shoes, we can attract more of our new targeting market and also existing customer.
B.Distribution
The new upgraded crocs shoes will be distribute to multiple channels. The company will sell the product to an existing and new wholesaler company
which they can bulk from Crocs and get special price. Next, Crocs will sell their product online through the company's existing website (http:/
/www.crocs.com.my/). People can go through the website and can directly buy the product online. This is more efficient way and by only one click,
people can purchase the items through online. Additionally, Crocs also have distributors selling in other territories and in all Crocs Shoes branches
around Malaysia. The company will also distribute their new ... Show more content on Helpwriting.net ...
PR group always control and check about sales, and advertisement. The ways to promote Crocs shoes is important because there is the main part to
maintain the sales. This is why promotion control important due to maintain sales, the originality of the product is also important. Crocs always keep
update with R&D team about the originality of crocs. (Berry, 2011) The company always maintain and use only original product due to maintain high
quality product and not same with fake crocs. If there is any lack during pre–production, Crocs will then reject the item and not sell it is because it is
stated in Crocs policy. (Crocs,

Business Management Case Study: Beta Management Company
Beta Management Company Case Study Group Members: Group Number: Institutional Affiliation Summary of Facts As an Investment company
started in 1991, Beta Management Company has a specific goal of enhancing clients' returns while reducing their risk of doing business. The company
has always used a market timing strategy to achieve this objective. Beta Management Company was started with approximately $25 million that was
invested in Vanguard 500 which can be described as a no–load, low index company. Sarah Wolfe, the founder, and CEO of Beta Management, in
anticipation of the smooth flow of business, adjusted the prospective market exposure of the invested funds from 50% to 99%. The CEO expected that
with timed... Show more content on Helpwriting.net ...
However, the predictability of the market dynamics and trends was left at the sole discretion of the CEO. As such, based on her prediction, the
company invested in individual stock in 1991, investments that targeted two smaller companies, California REIT and Brown Group shows stock
prices at the time were $2.25 and $24 at the time. With only $200,000 stock purchase targeting either of the two, Ms. Wolfe would have increased the
Total Equity exposure of her company to up to $20 million. Although she was apprehensive, she took the risk and even promised her clients
reasonable profits. With the investment strategy and the actual risks being considered, several issues in investment are likely to occur for Beta
management Company. First, it is crucial to evaluate how profitable is each of the stocks being considered and given an option, which company
should Beta choose. Secondly, it is also imperative to assess how profitable it is to increase the portfolio equity exposure to 80%. To evaluate the
investment decisions, it is imperative to thus explore how the company manages its investments and the nature of its investment

SWOT Analysis: The Vanguard Group
The Vanguard Group, headquartered in Valley Forge, Pennsylvania, was founded in 1975 by John C. Bogle and has grown to become one of the
largest investments companies in the world. As of June 30, 2016, the company has more than $3.5 trillion in global assets, with more than 20
million investors served by 14,000 employees, known as crew members. The core purpose of Vanguard is "To take a stand for all investors, to treat
them fairly, and to give them the best chance for investment success" (Fast facts about Vanguard). Vanguard is able to give its investors the best
chance for success by way of its distinctive capability of having low fees for its investors. Everything Vanguard does, has a goal of keeping its expense
ratios as low as possible,... Show more content on Helpwriting.net ...
Surveys are constantly being sent and completed by internal clients, such as when a crew member contacts the IT help desk for a technical
problem. Afterwards, the crew member will complete a survey and is able to give feedback to the IT help desk so that the IT department knows if
they are satisfying their internal client. This type of feedback has lead IT division to create local help desks that are now physically located in
various buildings where crew can bring their devices in person to get the support required. Surveys such as Crew's Views have led to expanded
employee benefits and more mobile equipment, such as laptops, that allow crew to have a better work–life balance and do things like have modified
schedules or work from home. These things have led to higher crew engagement, which leads to higher efficiency and in turn enables Vanguard to
continue to lower costs for its

Personal Narrative: The Plaid Prohibition
The Plaid Jungfrau thanked Chandler the Fair for the condolences that were said to her personally. "Well, I'm glad that there are people who care
about those they work alongside in the business arrangements that we Jackbooters do on a daily basis," she said to him. She went on to ask, "So
what are you guys doing after this?" "From what I was told, apparently, we heading down South, toward the state of Florida," Chandler replied. "I
don't know the details regarding our duties there, but from what I was told, we are supposed to be going there as part of a special assignment." "That
sounds pretty neat," muttered Heidi. "Just out of curiosity, which part of Florida you guys are going to be assigned to? I'm asking because, chances
are, we might... Show more content on Helpwriting.net ...
More often than not, these crews usually have members who are Ryanites, compared to their four equivalents. The Vanguard is always considered
the first ones to be assigned to a case. They are the ones who open up who trade routes for the RGA, and are the true heroes of the RGA in the
events of Brotzmanskrieg. On the side, they are the ones who searched and harvested Anomalies from the ACPs (Anomaly Causing Phenomena) that
spawned them. Incidentally, for Action Andy's Nightingales, they were classified as such. For the Pioneers, their purpose was to win sympathy and
support in the areas that their equivalents went. Working alongside their Jackbooter and Willing Helper brethren, the Pioneers try to establish good
relations with the people the Vanguard comes across. Before a major case even occurs, more over than not, they ensure the safe passage for the others.
Heavies, unlike the other two, were the ones who had relatively little involvement on the Plaid Prohibition aspect of Brotzmanskrieg. Rather, they act
as the ones who work on the other aspect of Brotzmanskrieg, which entailed the evangelization efforts that the RGA was so famous for outside of the
Greater American Catholic School System. In addition to the other school systems, the Heavies were also widely used in the RGA's efforts on the
college and university level – an area that the Underground was largely weak on. And if they must, they

Vanguard Group Case Study
The Vanguard Group was founded by John C. Bogle in 1975 with one mission in mind–to build wealth for its clients and only for its clients [1]. It
pioneered the industry first index fund and operated in a business model which was unheard of at the time.. low–cost investing for all investors. Its
corporate structure is still unique among mutual fund providers. Since Vanguard is not publicly traded or privately owned, all profits are returned back
to investors in the form of lowering investing costs. Every decision has the client's best interest in mind. While Vanguard has $4.3 trillion in investment
assets and cash flows continue to pour in year after year, it has historically invested very little in business intelligence and data analytics.... Show more
content on Helpwriting.net ...
Three years later, it is still starting to connect the "client journey" where client interactions over the phone, web, and mail can be analyzed. As part of
the enterprise–wide analytics, there are efforts to centralize a data mart where analysts across the firm can access to understand the full client
experience. It is evident Vanguard aspires to be an analytical competitor in the investment world. It is challenging each business unit to conduct
predictive and prescriptive analytics. Analyzing client and employee behaviors on the top priorities. Business decisions that were once made by
gut–check now requires data as a source of proof. Vanguard has historically been a slow–and–steady business where decisions are made in consensus
and new strategies has a cycle time of months or years. It operated at extremely thin margin to make sure it can keep operational costs at a bare
minimum for its clients. That mindset officially changed when it opened its Innovation Center in center–city last year which will work closely with
academics and consultant firms to bring R&D ideas to the forefront. Vanguard has a track record of analyzing internal processes in the areas of
corporate finance and human resources. One measurement that is often discussed is the Customer Lifetime Value, which is the net profit attributed to
the future relationship with a customer. This metric is used in budgeting and allocating investment dollars throughout the firm. There was a

Vanguard Group Case Study
The Vanguard Group turned 42 years old this year and its mission statement remains the same– To take a stand for all investors, treat them fairly, and
give them the best chance for investment success. It pioneered the industry first index fund and is one of the largest asset management companies in
the world. Year after year Vanguard dominates in cash flows and client advocacy. Part of its success can be attributed to its unique corporate structure...
The Vanguard Group is owned by its funds which are owned by investors, and the board of directors is tasked to commit to the best interests of the
clients. With such a great brand recognition and strong foothold in the industry, what are the components in Vanguard 's value chain? Vanguard is
...
Show more content on Helpwriting.net ...
Since its inception, Vanguard has offered multi–channel services to all investors. This includes deferred compensation/benefit plans (401K, 403B, 457,
pension), plans for children (529, UGMA/UTMA, ESA), and individual savings accounts (retail, IRA). Strategically, it does not offer high cost
products like annuities and transactional funds. This is because these investments tend to be expensive for the client recurring commissions are paid
to the broker who sold the products. In addition, they are difficult for the client to understand the fees and payout. As part of its commitment to all
investors, which includes low income and finance illiterate individuals, Vanguard only offer products that it feels adds value to all types of
portfolios. The services that Vanguard provides are usually best in class or among the top competitors in those. In the world of deferred compensation
plans (pensions), Vanguard held a very small market share relative to its competitors. Unless individual accounts or 401k plans, it is extremely hard for
companies to move their pension plans from one record–keeper to another. Three years ago, Vanguard fall out of the top 15 pension record
–keepers in
terms of assets under management. Since it couldn 't take advantage of the economies of scale, Vanguard decided to get out of the pension business and
began migrating those assets to a few competitors. This is an example of Vanguard 's commitment to its competitive advantages, and

An Investigation Into Pricing Strategies of Wal-Mart in China
44242 Independent Study
An investigation into pricing strategies of Wal–Mart in China
Module Leader: Gunjan Saxena
Student ID: 200912567
Date: 17/05/2009
Executive Summary
The report is an investigation about Wal–Mart's pricing strategies in China, which consists of three parts.
The part 1 includes five points relevant information. To begin with, it will have an introduction for this investigation to assess the brief of Wal
–Mart
and its pricing strategies in China. The next is setting up one main aim of investigation Wal–Mart's pricing strategies in China, followed by identifying
three objectives of this study. The next is literature review about pricing strategies. The final is methods using in this... Show more content on
Helpwriting.net ...
4. Literature Review
Price, one of four key elements of the market mix, is the most sensitive factors for improving market shares, revenues, profitability and consumers
shopping, influencing other marketing mix elements such as product, promotion and place (David, 2008; Laurus, 2008; Net MBA, 2009). Pricing
strategy decision–making should be matter of all factors of marketing mix rather than considering prices (Laurus, 2008).
In terms of theory, pricing strategies can be defined as businesses choosing one method to appeal to customers to purchase goods and achieve
marketing mix according to the assessment of consumer demand and cost analysis (BDS Forum, 2009). For a company, pricing strategies can be
made difficultly. If prices of goods are too higher, they may lose market share. If the price is two lower, the company cannot get bigger profit (Bized,
2006). Therefore, before developing a pricing strategy, the company has to consider much more factors. Such as pricing objectives which rely on
production cost, barriers to entry, rate of product diffusion and so on, pricing methods including cost–plus pricing, target return pricing, value–based

pricing and psychological pricing as well as other factors to make the best price for the firm and the consumer (Net MBA, 2009). Three points of
views of pricing strategies can be discussed in the following in this report. Firstly, pricing strategies should

Essay on finance case vanguard international growth
Issues
1. Explain why an individual investor might want to invest in an international growth fund?
2. Describe the risk associated with making an investment in an international growth fund. Identify the risks that would be common to domestic an
international funds, and those risk that would be unique to an international fund.
3. Discuss how the fact that foreign companies are not subject to the same accounting, auditing, and financial reporting standards and practices as U.S.
companies poses a risk not typically encountered when investigating in the stock of U.S. companies.
4. Consider the allocation of funds assets by region. Speculate as to why the portions of fund assets are distributed in this manner.
5. Consider the country ... Show more content on Helpwriting.net ...
The International Growth Fund annual report that ended in August 31, 2009 showed that 94% of the Funds portfolio was invested in 177 non U.S.
stocks and 6% was in temporary cash investments. All values are presented in the tables.
Analysis
1. An individual investor may want to invest in an international growth fund because of trying to expand or growth in the foreign market. Another
reason would be to diversify and acquire more knowledge about the foreign economy.
2. Some risks that are common between domestic and international funds are: losing money and management risk. Any investment has some type of
risk. Losing money is the first risk that every investment has whether it is domestic or international. Management risk is the bad management decisions
that a company makes. Some unique risks that only international funding has are: economic risk, country/regional risk, and currency risk. Currency risk
is the chance that the value of a foreign investment, measured in U.S. dollars, will decrease because of unfavorable changes in the currency exchange
rates. Economic risk is the stability of a country's economic. Country/regional risk is political, financial troubles, and natural disasters that will affect
the value of securities issued by companies in foreign countries or regions.
3. Foreign companies are not subject to the same U.S. Accounting Practices the foreign stock and bond markets operate differently from the

The Black Panther Party 's Legacy
The recollection of the Black Panther Party's legacy more than often remains to linger on in the collective memory as a group of armed leather– clad
radicals of the 1960's. Although this memory is true, the Black Panther Party in actuality had more substance than just their attire. They were a political
organization that reinforced human rights, they were leaders of self–defense against a police state that relentlessly brutalized black bodies, and
caretakers of poor black communities that were receiving little to no attention by the state. They were an organization in bloom looking to create
solidarity and heal within the black community by whatever means necessary. The Black Panther Party is believed to be a revolutionary force that has
helped shape movements of today. Within this analysis we would like to unearth the history of the Black Panther Party including its origins, their
struggles, ultimate demise, and contributions to movements of the contemporary world. We feel that it is important to rediscover this information
because most of the occurrences that had appeared in the 1960's against black bodies continues to this day. It is our duty to learn from our teachers,
like those members of the Black Panther Party, in order to educate ourselves on how to create a better future. It all started in the fall of 1966 in
Oakland California when two young intelligent black male students of Merritt Junior College questioned America's ethics. These two young

12345678
Heisenberg's Uncertainty Principle and its Implications for Financial Institutions
Submitted in Partial Fulfilment of Master of Business Administration
By
KARTIK CHANDRA CHATURVEDI
Batch (2013–2015) University Roll No: S133F0010 December 2014
Under the guidance of
NIDHI KAICKER
SCHOOL OF BUSINESS, PUBLIC POLICY AND SOCIAL ENTREPRENEURSHIP AMBEDKAR UNIVERSITY DELH
PAGE 1
CERTIFICATE
This is to certify that I have successfully completed the project titled Heisenberg's Uncertainty Principle and its Implications for Financial Institutions
submitted in partial fulfilment of the requirements for the Degree of Master of Business Administration at the School of Business, Public Policy and
Social Entrepreneurship, ... Show more content on Helpwriting.net ...
The study draws economic analogies for Heisenberg's Uncertainty principle and concentrates on the 17 largest Investment Banks and the 10 largest
Mutual Funds. It tries to quantify the uncertainty and lists the economic mass of every institution from among the two groups and the average
economic masses of each group as well. The study was restricted to publically listed Investment Banks and Mutual Funds and the model was not
applicable to privately held and boutique banks and also wasn't applicable to hedge funds and other private funds which did not report their Net Asset
Value Returns. According to the findings, the economic mass was highest for Goldman Sachs while Toronto Domino Bank shows the least economic
mass. When it comes to Mutual Funds, Pimco the world's largest mutual fund had the lowest economic mass; the exposure to the crisis could be the

reason behind this. The American Funds Growth Fund of America has the highest economic mass. This study has been able to show that the
Heisenberg's Uncertainty Principle has implications for financial institutions. For future research, one could look into applying the model for privately
held Financial Institutions and those funds which do not report their returns like Hedge Funds.
PAGE 5
LIST OF TABLES
TABLE NUMBER 1). 2). 3). 4). 5). 6). 7). 8). 9). TITLE LIST OF INVESTMENT BANKS LIST OF MUTUAL FUNDS LIST OF TIME SERIES
TESTS CARRIED

Executive Summary For The Vanguard Group
Executive Summary for the Vanguard Group Being able to read and understand a business's financial statements along with the ratios that can be
determined via the financial statements is a very important and valuable tool that any investor or anyone interested in business must know and
understand how to utilize. Before investing in a company, it is a great idea to review that company's financial statements, as well as to determine
important financial ratios to have a complete understanding of how well financially the company is doing before making any investment into it. As a
stockholder in a company, you are part owner of that company, so understanding the bottom line, and how to get to it, as well as what each of the
numbers means along the way, is a very smart thing to know and understand before making any investment into a company. This paper will look at
financial ratios for the Vanguard Group by analyzing the financial statements dated December 31, 2007 and understanding why these ratios are
important to know and understand.
The Ratios The figure below shows the ratios for the Vanguard Group for 2007 based on the financial statements. Each of these ratios has an important
meaning in better understanding the financial standings of the Vanguard Group. current ratio1.8 quick ratio1.4 inventory turnover4.5 average collection
period64.3 days total asset turnover1.3 debt ratio53% times interest earned4.5 gross profit margin18.90% operating profit margin5.13%

Marketing At The Vanguard Group Essay
Marketing at the Vanguard Group In light of an evolving market, faced with new competitors, and after a careful analysis of their current customers, the
Vanguard Group (hereinafter referred to as "Vanguard") realizes it must rethink its entire marketing strategy. However, in order to protect and leverage
their competitive advantage, which is their low management fees, and to optimize the loyalty that their customers continuously demonstrate toward
their organization, they must now target the most profitable segment for them, and develop the best way to serve and delight these customers.
SITUATION ANALYSIS Highlighted SWOT Strengths Low fees strategy; Consistently above average performance and competitiveness of the
... Show
more content on Helpwriting.net ...
IDENTIFICATION AND EVALUATION OF ALTERNATIVE STRATEGIES Identification and Preliminary Evaluation of the Alternatives Alternative
1: Concentrate on their current clients, broaden and deepen their relationship with them, while maintaining current offerings PROS: Easier to market to
current clients (Vanguard already has information about them and a direct way to communicate with them = low marketing costs involved) More than
80% have funds in other organizations (big potential) High satisfaction and loyalty rates Strengthens the customer focus orientation The needs of the
below $1M segment are in line with the current Vanguard product offering Important database of members involved in pension plans (through their
employers) CONS: Clients may not want to put all their holdings with Vanguard Not all the current customers are profitable Vanguard may not offer all
the products and services that these clients need High net worth clients are expensive to serve Alternative

Marketing at vanguard
Problem Definition
Senior executives at Vanguard are evaluating their marketing strategy. In particular, they are looking at their approach to market segmentation, the
organization of the marketing function, and the emphasis placed on marketing metrics in the corporate dashboard in light of an economic and stock
market downturn.
Situation Assessment
Strengths
В· Low cost high value; extremely low advertising spending and no large sales force.
В· Customer focused
В· High morale; Low employee turnover; high productivity
В· Management involvement
В· Horizontal organizational structure
В· Use of Six Sigma methodologies to cut expenses, gain efficiencies
В· Excellent use of benchmarking
В· Centralized customer relationship management
В· Use ... Show more content on Helpwriting.net ...

How can Vanguard be expected to compete in face of other challenges such as institutional and regulatory hurdles as well as smaller populations
overseas?
Marketing segmentation was a competency that has worked for Vanguard in the past. However, customers may resent excessive categorization based on
perceived investing habits or income extrapolations by Vanguard. The customers may view 'Vanguard' as a Big Brother who pries into his or her
personal lifestyle by monitoring their investment trends and then tailoring an investment plan for them with those assumptions.
If you examine the potential target market sizing, the United States presents a wide array of opportunities with its varied ethnic groups. Companies
such as Metlife and Citibank have done well by tapping into those markets and creating an investment niche. Rather than market segmentation based on
investment
habits, age or income; it may be advantageous for Vanguard to pursue these markets after conducting market tests or investment studies.
Even if Vanguard decided to 'aggressively' target certain niche targets in its sales and marketing campaign, the potential dividends reaped from doing
so are far expected to outweigh the costs as it currently spends about 20 cents out of every $10,000 invested to drum up new business which is well
below industry norms. Certainly newspaper advertisements as those

Tenet Healthcare Case Study
In the early history, Tenet Healthcare originated from a company named American Medical International (AMI), which was purchased by National
Medical Enterprises (NME) in 1995. Between the 1970s through 1985, NME grew its presence by focusing on acute care facilities and specialty
facilities, such as nursing homes, substance abuse facilities, rehabilitation services and psychiatric hospitals. In fact, about 40% of NME's $587
million of operating profits were generated from psychiatric hospitals. However, NME was sued for fraudulent overbilling in the early 1990's.
Subsequently, NME pled guilty to the charges and had to sell all of its psychiatric facilities. NME changed its name to Tenet after acquiring AMI and
refocused to specialize on only acute–care hospital operations. Hence, Tenet grew from 70 hospitals in 1995 to 144 hospitals in Southern... Show more
content on Helpwriting.net ...
generated about $10.5 billion in revenue and $1.7 billion in EBITDA in 2014. In other word, Vanguard acquisition in 2014 has resulted in 23%
increase in revenue and 13% increase in EBITDA. In addition, Tenet's payers mix indicated that 33.2% of the revenue came from Medicare and
Managed Medicare, 17.6 % from Medicaid and Managed Medicaid, 37.2% from private insurers, 6.8% from self–paid and 5.2% from other sources and
managed exchange. The highest revenue generating states in 2014 came from the Central Region States (18.1%), and the highest revenue generating
service lines in 2014 were general surgery (9.1%), gastrointestinal medicine (8.6%) and cardiovascular medicine (7.3%). In terms of opportunity, Tenet
entered a joint venture with John Muir Health in 2013 to gain market share and to improve patient care coordination in San Francisco Bay area. On the
other hand, patients started to choose to have their complex procedures done in outpatient facilities instead of in acute care hospitals due to increased
cost sharing, and more

New Players First Start At Two Years, And I Enjoy Playing It
Dear Mr. Takaaki Kidani, the CEO of Bushiroad,
I am Cong Nguyen, a Cardfight Vanguard player. You know, the card game that your company owns. I have played the game for two years, and I
enjoy playing it. I can spend the whole day talking about how I love the game, but in this letter I want to address some problems that Vanguard is
facing instead. Although you may have already heard of the problems that I will present, I hope you will spend time listening to my complaints.
New players first start by playing budget decks or simple decks because those decks don't require the players to do much thinking when playing
Vanguard. As the players progress, they will soon realize that the budget version lacks power as well as the ability to create some combos in
gameplays. In tournaments, budget decks normally have zero chance of winning against full power decks. A full power deck consists of many
exceptional cards that can help the players gain huge advantages like drawing cards or making multiple attacks, and unfortunately, those cards don't
exist in a budget deck. Thus, new players will need to upgrade their decks if they want to play competitively. Let's take me as an example. I want to
build an awesome Dark Irregulars Deck, and thus I need a card named Gilles De Rais. The current price for Gilles is about $26 per copy, and I need at
least two of it because it requires another copy of itself to be playable. So, $52 would be spent if I do want to use the card. Since I can play a

Cool Rules : Anatomy Of Cool By Pountain And Robinson
In the book, "Cool Rules: Anatomy of Cool by Pountain and Robinson", the idea of cool is manifested in many different facets of our lives, however
it can only be seen through people's reactions. In other words, you can see Cool in the eyes of others. According to Pountain and Robinson, "Cool has
become a universal phenomena that has an important influence on all our institutions from the media to education to marketing and the economy as a
whole". The writers define Cool as not only an oppositional attitude that expresses defiance to authority, but also as a permanent state of private
rebellion. What makes Cool distinctive is its extreme variability as it is more affiliated with people rather than objects. Although Cool is meant to
reflect what is inside, mainly the internal change and the revolutionary inclination from within, still one can not fail its manifestations on the outside.
These are clearly demonstrated in the way the subcultures express their ideology through dressing and fashion. According to Pountain and Robinson,
"Fashion has always been the key signifier of Cool.. It is the court in which Cool displays itself." Throughout history there has been many prominent
examples of such groups and vanguard movements which had their own distinctive set of beliefs, tried to implement their ideas and plead society's
acceptance, while leaving an unforgettable impression on them. These are groups that used Cool as a mean to a glorified end while actually trying to

Finance
INSTRUCTIONS:| 1.Answer all questions. 2. Answer in ENGLISH. 3. Arithmetic calculators are allowed. (Cellular phones may not be used as
calculators). 4. Only answers written in the answer booklet will be marked. 5. Dictionaries are not permitted.
Question 1
Listed below are multiple choice questions. Read the statements and select the most appropriate
Answer. Write the numbers 1.1 to 1.10 and then only the alphabet of your choice. Eg 1.11 C
1.1._________ analysis involves the comparison of different firms' financial ratios at the same point in time.
(a)Timeseries
(b)Crosssectional
(c)Marginal
(d)Quantitative
1.2._________ analysis involves comparison of current to past performance and the ... Show more content on Helpwriting.net ...
| | | | | Industry
Average| Ratio| 2009| 2010| 2011| 2011| Current ratio| 1.6| 1.7|–| 1.6| Quick ratio| 0.9| 1.0| –| 0.9| Inventory turnover| 6.0| 5.0| –| 8.4| Average collection
period| 40 days| 50 days| –| 40 days| Total asset turnover| 1.5| 1.5| –| 1.75| Debt ratio| 60%| 56%| –| 50%| Times interest earned| 2.5| 3.5| –| 4.0| Gross
profit margin| 20%| 19.7%| –| 20%| Operating profit margin| 4.7%| 4.8%| –| 6%| Net profit margin| 2.0%| 2.3%| –| 3%| Return on investment| 3.0%|
3.5%| –| 5.25%| Return on equity| 7.5%| 7.95%| –| 10.5%|
(a)Calculate the firm's 2011 financial ratios.
(b)Analyze the firm's performance from both time–series and cross–sectional viewpoints.
(c)Comment on the firm's overall financial condition and performance.
Question 3
Senayshia's House of Fashion wants to prepare a cash budget for months of September through December. Sales were R50 000 in June; R60 000 in
July and R65 000 in August. Sales have been forecasted to be, R72 000, R63 000, R59 000, and R56 000 for months of September, October,
November, and December, respectively. In the past, 10 percent of sales were on cash basis, and the collections were 50 percent in the

Charles Schwab Case
Charles Schwab, a Stanford MBA, founded Charles Schwab & Company in 1971 in California. The company quickly established itself as an
innovator. A defining moment came with the 1975 "May Day," when Schwab took advantage of the new opportunities deregulation offered. Schwab
would not provide advice on which securities to buy and when to sell as the full–service brokerage firms did. Instead, it gave self–directed investors
low–cost access to securities transactions. From the late 80s to the early 90s, before the commercial use of the Internet, Schwab used technology to
increase efficiency and quality and expand its services. Schwab's innovations harnessed technology to the solution of business problem. As Schwab's
President and co–CEO David... Show more content on Helpwriting.net ...
the average commission charged by the top–10 online trading firms fell from $52.89 at the beginning of 1996 to $15.75 in 1999 В– a 70% reduction.
The attractive pricing has stimulated great growth. Economic theory points out that in building a network, firms often tend to establish the most
valuable connections first. In this respect, online firms initially focused on attracting the busiest traders. However, as new accounts start contributing
less trading activity than existing ones, online brokers may find expansion an increasingly costly task. It is easier to attract a small number of large
customers than a large number of small customers. Furthermore, the explosive growth of online trading has attracted many entrants to the industry,
leading to intense competition. In addition to discounters and pure electronic firms, traditional full–service brokers like Merrill Lynch and USB Paine
Webber offer online services. The proliferation of online firms may thus lead to even deeper price discounts and tighter profit margins. The speed at
which the Internet transformed the brokerage industry surprised everyone. Since 1997, the number of trades executed on the Internet had grown at a
compound annual rate of over 111%, accounting for about a sixth of the market by 1999 (Exhibit 1). The share of US retail commission revenues
garnered from online trading increased from 2.2% in 1996 to almost 10% by 1999, even though online trading commissions were far less than
full–service

Mutual Funds, Vanguard Paper
Vanguard Mutual Fund Evaluation
FIN/420
1/26/2014
The Vanguard Group The Vanguard Group offers an array of mutual funds, exchange
–traded funds, brokerage, and asset management. When choosing
and comparing mutual funds, there are characteristics that you need to first evaluate. This paper will review five different categories of mutual funds
that Vanguard Group offers its investors.
Actively Managed Common Stock Fund The Selected Value (ticker VASVX) is an actively managed common stock fund with a 4 star Morningstar
rating with a minimum investment of $3,000. This fund does not have a front or rear load fee. The total annual fund operating expenses are 0.41%
which means that for every $100 you invest, $.41 goes to paying the ... Show more content on Helpwriting.net ...
The funds asset allocation will become more conservative over time, meaning that the percentage of assets allocated to stocks will decrease while the
percentage of assets allocated to bonds and other fixed income investments will increase. This investment is superb for long–term investors like myself.
The fund inception occurred on October 27, 2003, and has been managed by Michael Buek since 2014. The fund inception date tells us that the mutual
fund has been around for 23 years and the fund manager for one year. This fund has been up for ten years and down for one year which tells us that
the new manager may have not been the correct choice.
International Fund Developed Markets Index Admiral Share (ticker VTMGX) is a Vanguard International Fund with a 3 star Morningstar rating and
a $3,000 minimum balance. This fund does not have a front or rear load fee. The total annual fund operating expenses are 0.06% which means that
for every dollar that you invest, $.06 goes to paying the person who sold you the fund. The expense ratio is also low at 0.09%. According to "Best
Vanguard Index Funds 2014 (2009–2015), "the index fund provides investors low–cost diversified exposure to developed foreign markets. The fund
invests in companies located in Europe, Asia, and Australia, which make up 75% of the non–U.S. equity market" (para. 2). There are five primary
industries that this fund encompasses.

Beta Management
BETA MANAGEMENT COMPANY
Q1. Calculate the variability (standard deviation) of the stock returns of California REIT and Brown Group during the past 2 years. How variable are
they compared with Vanguard Index 500 Trust? Which stock appears to be riskiest? The stock returns for each month are given in Table 1. Based on
the monthly returns, the standard deviation or variability of each stock has been calculated. The standard deviation for California REIT is 9.23% and
the standard deviation for Brown Group is 8.17%. This standard deviation is the monthly standard deviation for each of the stocks. On the other hand
the standard deviation of Vanguard Index 500 Trust is 4.61%. This shows that the standard deviation of both the individual... Show more content on
Helpwriting.net ...
Q 4. How might the expected return for each stock relate to its riskiness? The expected return for each of the stocks has been calculated by the Capital
Asset Pricing Model. The risk free rate is one of the variables used in the CAPM formula. The risk free rate has been assumed here at 7% based on
historical statistics as no information has been given regarding it. The second variable is the return on market. This return has been estimated from
the average monthly return by transforming it into effective expected annual rate of return. Finally, the third variable used in the CAPM formula is
beta which has been calculated in the third question. This beta incorporates the systematic risk in the formula to calculate the expected return for a
particular stock. The expected return for Brown Group is 14.87% and for California RIET it is 8.00%. This shows that the expected return for Brown
Group is much higher than the expected return of California RIET. The reason for this is that Brown Group stock is much riskier than that of
California RIET; therefore, to compensate the high risk, higher return must be paid. When the potential investors will come to invest in the Brown
Group stock they will demand extra premium to compensate them for the extra risk they are taking by investing in this stock. This is because of the
basic principle of risk and return, which says that higher the risk higher should be the return. Now it will depend on the risk

Jazz Commandments : Jazz Commandments
MPA Paul Revere Awards
The 2017 Paul Revere Awards for Graphic Excellence were presented on Friday, June 16th, in New York City at the annual meeting of the Music
Publishers Association (MPA) of the United States. Kendor was presented with 3 awards.
1st Prize – Collated Music: Voi Che Sapete arranged by John Caponegro
2nd Prize – Solos (without accompaniment): Encounters by John H. Beck
3rd Prize – Cover Design Featuring Graphic Elements: New Studies For Trumpet by Darren Fellows
All winning publications will be part of a display that will be circulating this year among major university libraries around the nation.
Jazz Commandments Jerry Tolson
This book with MP3s addresses articulation and style situations that are commonly found in jazz music by introducing a set of guidelines that can be
used to make decisions regarding the treatment of notes and rhythms in the swing style. It includes exercises and catchy tunes that can be used to sound
more stylistically accurate and authentic, which makes this a valuable resource for directors, individual students, combos, and big bands. Players will
see immediate improvement in jazz articulation and style performance.
Jazz Commandments – C Instruments #20820, $19.95
Jazz Commandments – Bb Instruments #20821, $19.95
Jazz Commandments – Eb Instruments #20822, $19.95
Jazz Commandments – C Bass Clef Instruments #20823, $19.95
Since the 1970's, Kendor Music has been proud to publish the music of the legendary Thad Jones.

Vanguard's Group Executive Summary
This is an executive summary of Vanguard's Group, Inc. which will provide a detailed analysis of its current financial condition and performance. It
includes various calculated financial ratios and its comparison with previous years as well as with the industry average of the current year. The
financial ratios have been divided into following subcategories: Liquidity Ratios, Activity Ratios, Debt ratios, Profitability ratios.
Liquidity ratios: Liquidity measures company's ability for short–term obligations. The two important liquidity ratios are Current ratio and Quick ratio.
The current ratio is estimated by dividing current assets by current liabilities. A Higher number indicates greater liquidity. Vanguard Group's current
ratio for 2007 is 1.66. The quick ratio is also known as the acid–test ratio. It excludes inventory which is the least liquid asset. The quick ratio is
important for a company whose inventory cannot be easily liquidated otherwise the current ratio is preferred. Like the current ratio, higher number in
quick ratio indicates better liquidity. Vanguard Group's quick ratio is 0.966. Vanguard's both current and... Show more content on Helpwriting.net ...
2015 p. 71). The two important debt ratios are debt ratio and times interest earned ratio. The debt ratio is measured by dividing total liabilities by
total assets. Vanguard Group's debt ratio is 53.3% which is better than industrial average, but it is getting worse compared to the previous year. Times
interest earned ratio measures "firm's ability to make a contractual interest payment." (Gitman & Zutter, et al. 2015 p. 73). It is measured by divided
by interest earned from earnings before interest and taxes. Vanguard Group's times interest earned ratio is 5.53, which is acceptable. This ratio is better
than the industrial average of 4 as well as it exhibits a significant progression than the previous

Essay On Paul Rennick
July 21, 2012 was the best experience of my life, and it took place in The Alamodome parking lot in San Antonio Texas. Being able to meet a
legend who has inspire me since I was younger was incredible. A man who impacted my life in many aspects. Paul Rennick is the percussion
director at The University of North Texas, where he is currently teaching members of The Santa Clara Vanguard Percussion section. I met Mr.
Rennick in the parking lot where the Santa Clara Vanguard Battery was warming up and getting ready to perform for the fans. I will never forget such
a great time watching and meeting Mr. Rennick and the performers who impacted me and left me in shock because of how great their music and
performance was. Paul Rennick is one of the ... Show more content on Helpwriting.net ...
Memories are said to be from the past, but it is possible to go back and live it again by just closing your eyes and remembering as if you were there
living the moment one more time. If I could go back in time to the moment where that photograph was taken I would tell my younger self to ask
Paul Rennick what it takes to be part of his percussion section at The Santa Clara Vanguard battery section. And to ask members what to work on
to better prepare myself in the future for auditions. Since it has been my dream since I was 13 years of age I wish more than anything to have
asked those questions. If I had all of the answers to my questions now I would have accomplished my dream of becoming a snare drummer under
the direction of Paul Rennick and march with a group of people who share the same passion as me soon. Now I have two years left for my
marching career and SCV (Santa Clara Vanguard) is now on the top since they are world class, and their percussion section keeps winning for the
best percussion award every other year. If I knew more I would have been a better snare drummer and marcher, but I'm glad I met the people I look up
to because I got the chance to learn from

The Major That Our Group Chose To Represent Is...
The major that our group chose to represent is finance. Finance is the study of the management and investment of funds. According to West Chester
University's Department of Finance, it "focuses on investment, international finance, and financial markets." As a finance major, students take their
abilities further than just creating a budget, but they learn how to analyze different budgets to determine what the best investment option is for a
company. Therefore, it is important for a finance major to have a particular set of skills to achieve goals in this field. Communication, problem solving,
technological skills, and understanding the concepts in finance are important qualities that a finance major must attain to analyze problems. ... Show
It is important to take these skills that students learn while studying finance, and carry them to the workplace. Therefore, some experiences that were
mentioned had to deal with being able to budget dealing with the best investment option for a business. Over the summer, the retail store that one of
our members, Megan, worked at renovated the store. Considering that this process took a lot of time, there was a lot of budgeting money that went on
and the managers had to chose the best possible investments for the store in order to bring in better revenue. By modernizing the store, it was important
to analyze different issues that needed to be addressed and dealt with first. Throughout the process, she helped the business and her managers by using
mathematical, technological, and organizational skills developed from her finance courses to create spreadsheets to present the budgets and
renovations needed to be made to the store.
Another member of our group, Evan, also has had experience relating to project and financial management. Evan controlled a scraping operation on
behalf of his previous employer for environmental and financial purposes. By being the manager of this project, he was in charge of researching current
commodity prices (copper, aluminum, etc.), locating the highest bidder, and hiring part–time

An Examination of Healthy People 2020, Watson's Theory of...
Community: Brooklyn, NY: Healthy People 2020, Watson Theory, and Smoking Cessation The objective of this study is to examine Healthy People
2020, Watson's Theory of Caring, and Smoking Cessation in Brooklyn, New York. Upon examination of this literature, this work in writing will
consider the nurse's role in smoking cessation in the community of Brooklyn, New York. Jean Watson's Theory of Transpersonal Caring was
developed by Watson in 1979 and is a theory that has evolved since then. Watson's Theory has as its primary focus the "humanistic aspects of nursing in
combination with scientific knowledge" or evidence–based practice." (Vanguard Health Systems, nd, p.1) Watson held that caring "is an endorsement
of professional nurse's identity". (Vanguard Health Systems, nd, p.1) Role of Nurse The nurse's role in the view of Watson is to: (1) form a relationship
with patients characterized by caring; (2) treat the patient's mind, spirit, and body; (3) provide acceptance that is unconditional; (4) treat patients with
respect; (5) use knowledge and intervention to promote health; and (6) spend some time with the patient that is uninterrupted. (Vanguard Health
Systems, nd, p.1) Caring moments are reported to be such that are characterized by a contact being made between the nurse and patient. When the
nurse enters the patient's room, the patient experiences the feeling of expectation. The nurse displaying competence and professionalism, or
alternatively a lack of these two

Report on Vanguard Health Systems
Introduction
Vanguard Health Systems is a leading operator of regionally–focused integrated health care delivery networks. The company has a significant presence
in several large and attractive markets (Vanguard 2012 Annual Report). The company recorded $5.9 billion in revenues in 2012, up 29.8% from $4.5
billion the year previous. The 2012 net income of $57.3 million is a significant improvement over the $12 million loss the year previous. The company
maintains that it is still on a growth trajectory, including via acquisition, and this is an important part of corporate strategy. This paper will analyze the
different elements of the corporate strategy at Vanguard.
Stakeholders
There are a number of stakeholders at Vanguard. Internally, there are several key stakeholder groups, includingmanagement, the employees, the
shareholders and the Board of Directors. This includes any contract workers as well as regular employees. All of these different groups are loosely
oriented to the success of the organization, though there are nuances to each group's desired outcomes.
There are also a number of external stakeholder groups as well. The most important of these is the customers/patients. They depend on Vanguard for
their healthy. The families of patients are another stakeholder group and can have influence in any number of different decisions. In addition to the end
users, the payers are also stakeholders in Vanguard. These include insurance companies and government programs

Vanguard Group Case
1. What do you think of the Vanguard group as a firm? What is the Vanguard group investment philosophy?
2. What are the key differences between Life–Style funds and Life–Cycle funds?
3. Discuss the pros and cons of Life–Style funds. Explain their rationale.
4. Discuss the pros and cons of Life–Cycle funds. Explain their rationale.
5. Are the Life–Style funds or the life–Cycle funds consistent with the theory (MeanVariance approach)?
6. Would you invest in either Life–Style or Life–Cycle funds? Why, why not?
Question 1: What do you think of the Vanguard groupas a firm? What is the Vanguard group investment philosophy?
Vanguard was founded by John C. Bogle (Princeton University B.A., 1951) in 1975. Prior to
The Vanguard Group,... Show more content on Helpwriting.net ...
Based on
the risk level, the combination of asset classes in the portfolio might have an investment approach from conservative to aggressive.
п‚·
Investors can reallocate the investment based on their own views and changes in life situation. For example, if an investor changes marital status from
single to married, he/she can move to a more conservative portfolio.
п‚·
Investors can have a different purpose for the investment which determines the length of the investment portfolio: o Income (investor wants to have
steady monthly/quarterly/annual income) – investment horizon is usually 5 years or less. Example: 70% of investment shares in fixed income and
short–term fixed income, and 30% in equities and international equities.
o
Conservative (investor is looking for stability and growth opportunity) – investment horizon is usually 5 to 10 years. Example: 45% of investment
shares in fixed income, and 55% of shares are equally split between equities, international equities and short–term fixed income.

o
Moderate (investor is looking for growth opportunity and moderate risk) – investment horizon is 10 years or more. Example: 70% are equally split
between equities and fixed income and 30% are in international equities.
o
Growth (investor is looking for greater growth and is open to greater risk) – investment horizon is 10 years or

Creative Writing: Sangheili's Fight
"Mags, come on, we got to get to the rally point, it's just down the hall," John said, leader of the 117th squadron. The mission was to get to the rally
point in the middle of an invading alien species Mothership. The squadron was composed of 4 outstanding marines, the best of the best. They are
part of the selected few, the Guardians. "We can't! We're divided, Cassady and Sam are on the left side," Mags said. "We need to regroup!" John
activated his suit by pressing on his chest, shooting electricity through his body and suit, lighting him up in a golden flashing light. The electricity
going through his armor fueled his body with a shot of adrenaline, and gave his suit a protective shield that wrapped around him. A marine activating
his armor's ability is his last... Show more content on Helpwriting.net ...
The leader stood up, reaching a height of 9 feet tall, dwarfing the 6 foot John. Mags, being intimidated raised his assault rifle to Sangheili. The
leader activated his armor, as a burst of light appeared, Sangheili got beamed up to the mothership. "Dammit, we had him," Mags yelled. Sam said,
"If he has an army that big, even a fraction of what he said, we are severely out numbered." "The Titans have been running the galaxy for the last
500 years. We can't let them take control of Earth," Sam said. "I know, I know, never tell me the odds. We've got to get help if we're gonna win this
war," John said. "Mags, remember that peaceful group of people we meet along time ago?" Cassidy said. "Yeah, the Vanguards." "The Vanguards,
I've heard of those people, but I've never seen one," John said. "What do they look like?" "They look like bigger than human, metallic creatures. Their
entire race is connected like no other, like they have one entity leading them, one god," Sam said. "Then we got work to do; Guardians roll out," John

Guardians Satire
"All right marines, this pod gives are suits one free charge, one free shield for when we hit the ground, our timing has to be close to when we
make contact," Officer Johnson said. "We are going to go up to the Earth's orbit and make a drop once we get caught in it." John said. It's a 2 hour
process, and the marines have to be alert and focused, one slip can put the entire squad into jeopardy. They get caught in the orbit and begin their
descent. They reach speeds of over 18,000 mph. "I can barely lift my arm," Cassidy said "We don't have to move a muscle until we get close enough
to the ground," John said, "once we get approximately 1500 feet off the ground, our pod will slow down, and we activate our suits. The shield... Show
"Send me to him, tell me everything, I'll bring him back home," John said. John was sent to Jupiter in search of the legendary Guardian. Jupiter is
a very hostile planet, storms everywhere, and predators that roam the radiation filled plains. Officer Johnson was helping John find Jameson
through the telecommunicators. "Head east 3 klicks," Johnson said, "there should be a small camp set up with red lights, that's where you'll find
Jameson." John set out on a long journey, by the crack of noon he found Jameson's camp. "Jameson! I'm happy to see you," John said "Is that John,
from the 117th squadron? What are you doing here?" Jameson asked. "I'm here in search for you and your squad. Where is everybody?" John
asked "It's just me out here, we were able to take out a lot of the Titans, but it was just too much to handle, we didn't all make it. I'm the only one,"
Jameson said. "There is an invasion happening 8 days from now on Earth, and we need your help. So, what do you say?" John asked "Let's send these
bastards to hell!" Jameson said. The five Guardians flew back to the homebase, and designed a plan to counter the Titans

Vanguard Swot Analysis Social Media
Digital Consumers Social Media: Vanguard is using blogs and social media channels, including Twitter, YouTube, and Facebook, to provide a forum for
like–minded investors and promote investor education. Vanguard uses Twitter to share news and views with a diverse audience, including clients,
finance bloggers, traditional media, advisors, and investors. Vanguard's Facebook page offers personal finance tips, Vanguard news, links to market
commentary from experts, and fun activities such as trivia and polls Mobility: Vanguard allows investors to access up–to–date information about their
Vanguard retirement and nonretirement accounts–including employer–sponsored plans through iPhones, iPads, and Android devices. The mobile
application lets... Show more content on Helpwriting.net ...
Volcker Rule intends to restrict a banking entity from undertaking speculative activities and investments that put their customer funds at undue risk. It
is also to avoid a repeat of the financial crisis of 2008 and avoid any systemic risks generated due to low capitalization of banks. This paper presents
an overview of a compliance program under the Volcker Rule. It also covers the likely challenges Banks will face during implementation of such a
program along with a suggested approach to overcome these challenge using the InfosysTM framework for implementation. Further

Democratization Of The Market Case Study
In the past, private individuals and large institutions have largely invested in actively managed mutual funds, such as Fidelity, in which fund managers
choose stocks with one goal – to surpass the market.
But after the financial crisis of 2008, investors switched to index funds, which reproduce stock indices, such as the S & P 500.
The scale of the changes is striking: from 2007 to 2016. in actively managed funds an outflow of about $ 1.2 trillion was recorded, while index funds
received more than $ 1.4 trillion.
In the first quarter of 2017, index funds raised more than $ 200 billion – and this is the highest quarterly growth.
Democratization of the market, this shift, the shift, perhaps the largest in the modern history of investments, ... Show more content on Helpwriting.net ...
According to the S & P 500 – the benchmark index of the largest corporations in America– the situation is even more extreme. Together, the Big Three
is the largest shareholder in almost 90% of the index companies, including Apple, Microsoft, ExxonMobil, General Electric and Coca–Cola. This is the
index in which most people invest.
The power of passive investors
With corporate property comes the power of the shareholder.
Recently, BlackRock claimed that it had not legally been the "owner" of the shares on its balance sheet, but rather acts as a kind of custodian for its
investors.
This is common practice for lawyers.
What can not be denied is that the "Big Three" still uses the right to vote with these shares. Therefore, they should be perceived by the owners of de
facto corporate leaders.
These companies have publicly stated that they are seeking to exert influence. William McNabb, chairman and chief executive officer of Vanguard, said
in 2015 that "in the past, some mistakenly believed that our predominantly passive management style implies a passive attitude toward corporate
governance, but that's very far from the truth."
And if you analyze the vote of the Big Three, it turns out that it is coordinated through centralized departments of corporate governance. This requires
considerable effort, because technically

The Vanguard Group
The Vanguard Group, headquartered in Valley Forge, Pennsylvania, was founded in 1975 by John C. Bogle and has grown to become one of the
largest investments companies in the world. As of June 30, 2016, the company has more than $3.5 trillion in global assets, with more than 20 million
investors served by 14,000 employees, known as crew members. (Fast facts about Vanguard). Vanguard leverages its technology to support various
types of investors through websites and apps for personal investors and web portals for its institutional investors, along with a modern phone center
and operational area. One of the reasons that Vanguard has been able to be able to grow to this size, without greatly increasing the number of
employees in recent years... Show more content on Helpwriting.net ...
As stated above, one of the reasons that Vanguard has been able to grow so large and keep its fees low is because of its use of technology. Vanguard
has always had a mix of IT professional who were Vanguard employees and outside contractors, but about three years ago, Vanguard started operate
with a hybrid offshore outsourcing model. While a majority of the IT professionals are still crew members, a significant amount of the development
teams are now outsourced to an offshore company. Most the outsourced professionals are based in India, but some of them are doing their work in the
U.S., comingled with the Vanguard

Monsanto Research Paper
According to Natural Society, people like Hugh Grant, and Bill Gates who own millions of shares in Monsanto stock are not the real owners of
Monsanto. The main owners of Monsanto are institutions. The leading institution for Monsanto is a company is called the Vanguard group. Vanguard
owns 3 trillion dollars in investments in different companies like Monsanto. Additionally, they own such companies as Bank of America, JP Morgan,
Wells Fargo, and others. Employees of Monsanto seem to be interested in agriculture. Most of the employees are scientist, and agricultural experts.
Employees enjoy working with farmers, and enjoy generating new ideas. Every project that is worked on inspires innovation allowing Monsanto, to
stay on the cutting edge,

Zodiac Power Of The Tiger Essay
Chinese–American teenager Steven Lee possess the Zodiac power of the Tiger. HIs job is to assemble a group of young heroes who possess
Zodiac powers around the world and fight against The Vanguard. He is known for killing an entire civilization because they were getting in his
way from having a successful company. He also killed Jasmine's mother, which made Jasmine become a rebel and tried stop Maxwell. Maxwell is also
the owner of the Company Vanguard and has made billions. Maxwell is trying to start a New World Order and control all zodiac powers. An evil
man by the name of Maxwell is trying to obtain powers of the chinese zodiac in order to take over the world. Steven Lee, Jasmine, and Carlos try to
stop him by going on a dangerous journey. ... Show more content on Helpwriting.net ...
4) Man vs Society: Steven and his team are fighting against society not finding out about the Zodiac Legacy.
2) Man vs Man:
When the host of the Zodiac sign Dog fights Steven to get to the Zodiac sign Rabbit ( Kim ) before he does.
When Steven and Liam ( Ram ) make the deal to fight and if Steven wins, Liam comes with them but if Liam wins, he gets to stay in Ireland.
4) Man vs Nature:
Steven and his team have to fight an ice storm to get to the headquarters.
Maxwell and his agents find the headquarters in Greenland and start attacking the new recruits. His agents Monkey, Ox, Horse, and Dog, go after the
zodiac kids and try tp capture them. Maxwell while fighting against Jasmine, he tries to take her power but it backfires and Jasmine gains the full
power of the Dragon and leaves Maxwell powerless. The kids then get taken to Maxwell's headquarters.
Steven and all the characters escape and defeat Maxwell and return to Hong Kong. Everyone returning to their own homes.
The theme is to always do what is right instead of what is easy: This is shown when all of the Zodiac have doubts about fighting

Strategic Choice and Evaluation
L'Tanya M. Williams
STR/581
October 3, 2012
Pitchiah Balasubramanian
The paper will present potential alternatives Vanguard Health Systems (VHS) must consider to realize growth. It will also seek to identify the best
value discipline, generic strategy, and grand strategy for the organization. Upon the investigation of the various alternatives, a recommendation of a
strategy or a combination of strategies will be presented. A growing trend among many businesses is through mergers and acquisitions. No longer are
the days when one business can to dominate totally an entire industry. Thehealth care system is not exempt. External environment factors play a
significant role on how ... Show more content on Helpwriting.net ...
They are not the followers, emulators, or imitators. This approach is the most competitive among the all the value discipline strategies and with it
comes the advantages of knowing that it is one of the leading attributes needed in maintaining and gaining competitive advantages and future growth.
Generic Strategy The generic strategy approach may be applied to organizations of all sizes and is a one size fits all approach. It can be divided into
three types of approaches may be applied as alternatives for a given organization or industry as an improvement for future growth. The cost leadership
strategy seeks to improve profit margins by bringing down the costs of producing while enabling the organization to still charge market prices. They
also focus on increasing the market shares through lower pricing, enabling the organization to continue to reach profits because of reduced costs. As
with any organization the goal is to minimize cost directly to the organization providing the delivery of products or services. According to Barney
(2007) low cost leadership strategy takes pride in initiating its costs advantage abilities to charge lower prices while reaping the rewards of higher
profits. Differentiation approach refers to the organizations unique designing creations. These approaches appeal to the customers who prefer upscale
and exquisite specialty products or services. These include

John Bogle, The Founder Of The Vanguard Group
John Bogle is the founder of the Vanguard Group and the president of the Bogle financial Markets research center. He created Vanguard in 1974 and
has 20 million investors in about 170 countries. Vanguard is an investment company with the largest mutual fund organization. His business approach
to negotiation is putting the people interest first and this is done by building trust and staying true to their mission statement. He believes in simplicity
and common sense. He and his business partners developed a partnership where the goal is to create wealth for its clients and keep cost low. What is
unique about this company it how the shareholders are the owner not outside companies. Vanguard is client–focused and few investment companies can

Mutual Fund Performance

Recommended

Recommended

More Related Content

More from Tamika Brown

More from Tamika Brown (20)

Recently uploaded

Recently uploaded (20)

Mutual Fund Performance