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Author : Shuhan Li
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (229 download)
Download or read book Performance Persistence of Canadian Income Funds written by Shuhan Li and published by . This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Xiaotian Qin
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (437 download)
Download or read book The Performance Persistence of Canadian Equity Mutual Funds written by Xiaotian Qin and published by . This book was released on 2006 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mark White
Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.:/5 (229 download)
Download or read book Performance, Persistence and Behavior in the Canadian Mutual Fund Market written by Mark White and published by . This book was released on 2003 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marc D'Ambrosio
Publisher :
ISBN 13 :
Total Pages : 254 pages
Book Rating : 4.:/5 (896 download)
Download or read book Top Funds written by Marc D'Ambrosio and published by . This book was released on 1998 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Xinye Zhang
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (778 download)
Download or read book Performance, Persistence and Survivorship Bias of Canadian Equity Funds 2001-2005 written by Xinye Zhang and published by . This book was released on 2006 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the performance of Canadian equity funds over a 5-year period. I use a dataset consisting of monthly returns from all equity funds existed at any point from June 2001 to December 2005, which enables me to observe more precisely the performance and the extent of survivorship bias. Consistent with what has been addressed by the literature using US data, the sample shows that Canadian equity funds underperform the market benchmark on average over the study period. In addition to the contingency table approach, an ordered probit model is introduced to assess the predictability of fund past performance based on quartile rankings. I find evidence that good/poor performers are likely to persist only over a short-term horizon and not over a medium-term horizon. If the existence of load fees and sales fees is ignored, chasing top funds year by year seems to be a reliable investment strategy.
Author : Rajeeva Sinha
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book Fund Flows and Performance - a Study of Canadian Equity Funds written by Rajeeva Sinha and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the behavior of mutual fund investors with a specific focus on fund flows - performance relationship. Using a comprehensive survivorship bias free sample of Canadian open-end equity mutual funds and panel data analysis we find evidence of a rational response of fund flows to upside and downside performance changes. Unlike the findings on US funds and investors, we find that investors neither chase winners nor hang on to losing funds. While investors do allocate funds based on past performance the allocations do not disproportionately in favor star funds. Poor performers experience significant fund withdrawals. Combined with the evidence on a positive association of returns variability with fund flows this fund flow performance relationship shows that the fund incentive structure is not biased towards greater risk taking by fund managers. The size of the fund family and previous fund allocations are also significant in influencing decisions on future fund allocations. We also show lack of short and longterm performance persistence. Inspite of the evidence on a rational response the returns realized by investors are lower than the returns reported by mutual funds suggesting poor ability to time the market.
Author : Yusui Liao
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Dynamic Performance Evaluation of Canadian Fixed-Income Funds Using Markov Regime Switching Models written by Yusui Liao and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Cheng Few Lee
Publisher : World Scientific
ISBN 13 : 9814475548
Total Pages : 345 pages
Book Rating : 4.8/5 (144 download)
Download or read book Advances In Quantitative Analysis Of Finance And Accounting (Vol. 5) written by Cheng Few Lee and published by World Scientific. This book was released on 2007-07-27 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: News Professor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University). Advances in Quantitative Analysis of Finance and Accounting is an annual publication designed to disseminate recent developments in the quantitative analysis of finance and accounting. The publication is a forum for statistical and quantitative analyses of issues in finance and accounting as well as applications of quantitative methods to problems in financial management, financial accounting, and business management. Its objective is to promote interaction between academic research in finance and accounting with applied research in the financial community and the accounting profession.The chapters in this volume cover a wide range of pressing topics including security analysis and mutual fund management, option pricing theory and application, interest rate spread, and electricity pricing.
Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
ISBN 13 : 1498321119
Total Pages : 85 pages
Book Rating : 4.4/5 (983 download)
Download or read book Canada written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2019-06-24 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Financial System Stability Assessment paper discusses that Canada has enjoyed favorable macroeconomic outcomes over the past decades, and its vibrant financial system continues to grow robustly. However, macrofinancial vulnerabilities—notably, elevated household debt and housing market imbalances—remain substantial, posing financial stability concerns. Various parts of the financial system are directly exposed to the housing market and/or linked through housing finance. The financial system would be able to manage severe macrofinancial shocks. Major deposit-taking institutions would remain resilient, but mortgage insurers would need additional capital in a severe adverse scenario. Housing finance is broadly resilient, notwithstanding some weaknesses in the small non-prime mortgage lending segment. Although banks’ overall capital buffers are adequate, additional required capital for mortgage exposures, along with measures to increase risk-based differentiation in mortgage pricing, would be desirable. This would help ensure adequate through-the cycle buffers, improve mortgage risk-pricing, and limit procyclical effects induced by housing market corrections.
Author : Wolfgang Bessler
Publisher : Routledge
ISBN 13 : 1317979788
Total Pages : 414 pages
Book Rating : 4.3/5 (179 download)
Download or read book Asset Management and International Capital Markets written by Wolfgang Bessler and published by Routledge. This book was released on 2013-08-21 with total page 414 pages. Available in PDF, EPUB and Kindle. Book excerpt: This innovative volume comprises a selection of original research articles offering a broad perspective on various dimensions of asset management in an international capital market environment. The topics covered include risk management and asset pricing models for portfolio management, performance evaluation and performance measurement of equity mutual funds as well as the wide range of bond portfolio management issues. Asset Management and International Capital Markets offers interesting new insights into state-of-the-art asset pricing and asset management research with a focus on international issues. Each chapter makes a valuable contribution to current research and literature, and will be of significant importance to the practice of asset management. This book is a compilation of articles originally published in The European Journal of Finance.
Author : Sheheryar Malik
Publisher : International Monetary Fund
ISBN 13 : 1484310152
Total Pages : 40 pages
Book Rating : 4.4/5 (843 download)
Download or read book On Swing Pricing and Systemic Risk Mitigation written by Sheheryar Malik and published by International Monetary Fund. This book was released on 2017-07-18 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Swing pricing allows a fund manager to transfer to redeeming or subscribing investors the costs associated with their trading activity, thus potentially discouraging large flows. This liquidity management tool, which is already used in major jurisdictions, may also help mitigate systemic risk. Here we develop and apply a methodology to investigate whether swing pricing does in fact help dampen flows out of funds, especially during periods of market stress. Drawing on evidence of first-mover advantage within a group of ‘swinging’ corporate bond funds, we provide policy considerations for enhancing the tool’s effectiveness as a systemic risk mitigant.
Author : Richard Deaves
Publisher : Oxford University Press
ISBN 13 : 0197699855
Total Pages : 449 pages
Book Rating : 4.1/5 (976 download)
Download or read book Household Finance written by Richard Deaves and published by Oxford University Press. This book was released on 2024 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Household Finance: An Introduction to Individual Financial Behavior is about how individuals make financial decisions, and how these financial decisions contribute to and detract from their well-being. What sort of decisions am I talking about? We all must manage our money, shifting our resources across time. Sometimes we need to consume more than is currently available to us. For example, people commonly borrow to purchase residential real estate, paying down their mortgage loans over time. At other times, we have excess funds that we can save and invest. The main reason to accumulate wealth is to amass a fund that we can draw down when older and less able and willing to earn labor income. It is crucial, then, that our savings be sufficient to ensure a comfortable retirement. It is not enough to save; our savings must be invested appropriately so as to properly counterbalance risk and return. One way is to buy low-cost mutual funds or exchange-traded funds where the job of diversification is done for us. Some of us, however, purchase not only investment funds but also individual securities that we ourselves select. If so, it is vital that we avoid preventable errors. And, along the way, since the world is unpredictable, it is appropriate to protect ourselves by insuring against the sort of catastrophic loss that can derail our best-laid financial plans"--
Author : Cynthia A. Williams
Publisher : Cambridge University Press
ISBN 13 : 1139499254
Total Pages : 499 pages
Book Rating : 4.1/5 (394 download)
Download or read book The Embedded Firm written by Cynthia A. Williams and published by Cambridge University Press. This book was released on 2011-08-11 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: The globalization of capital markets since the 1980s has been accompanied by a vigorous debate over the convergence of corporate governance standards around the world towards the shareholder model. But even before the financial and economic crisis of 2008/2009, the dominance of the shareholder model was challenged with regard to persisting divergences and national differences in corporate law, labor law and industrial relations. This collection explores this debate at an important crossroads, echoing Karl Polanyi's famous observation in 1944 of the disembeddedness of the market from society. Drawing on pertinent insights from scholars, practitioners and regulators in corporate and labor law, securities regulation as well as economic sociology and management theory, the contributions shed important light on the empirical effects on the economy of the shift to shareholder primacy, in light of a comprehensive reconsideration of the global context, policy goals and regulatory forms which characterize market governance today.
Author : Scott Stewart
Publisher :
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.:/5 (13 download)
Download or read book Manager Selection written by Scott Stewart and published by . This book was released on 2015 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: Manager selection is a critical step in implementing any investment program. Investors hire portfolio managers to act as their agents, and portfolio managers are then expected to perform to the best of their abilities and in the investors' best interests. Investors must practice due diligence when selecting portfolio managers. They need to not only identify skillful managers, but also determine the appropriate weights to assign to those managers. This book is designed to help investors improve their ability to select managers. Achieving this goal includes reviewing techniques for hiring active, indexed, and alternative managers; highlighting strategies for setting portfolio manager weights and monitoring current managers; and considering the value of quantitative and qualitative methods for successful manager selection.
Author : National Academies of Sciences, Engineering, and Medicine
Publisher : National Academies Press
ISBN 13 : 0309452961
Total Pages : 583 pages
Book Rating : 4.3/5 (94 download)
Download or read book Communities in Action written by National Academies of Sciences, Engineering, and Medicine and published by National Academies Press. This book was released on 2017-04-27 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.
Author : Leroy O. Stone
Publisher : IRPP
ISBN 13 : 9780920380130
Total Pages : 128 pages
Book Rating : 4.3/5 (81 download)
Download or read book Future Income Prospects for Canada's Senior Citizens written by Leroy O. Stone and published by IRPP. This book was released on 1979 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 700 pages
Book Rating : 4.F/5 ( download)
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2008 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:
