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Performance Persistence Of Fixed Income Funds In Thailand
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Book Synopsis Performance Persistence of Fixed Income Funds in Thailand by : Noppakoaw Raungsombut
Download or read book Performance Persistence of Fixed Income Funds in Thailand written by Noppakoaw Raungsombut and published by . This book was released on 2018 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this research is to study the operational performance and persistence of fixed income funds in Thailand during 2008 - 2017. The results reveal that the rate of returns of most fixed income funds give the Under-performing for the case of not considering the risk factors and measuring the performance by Sharpe Ratio. However, when considering Risk-adjusted Returns by using the Capital Asset Pricing Model (CAPM), the majority of fixed income funds are found to be able to generate little excessive returns (Alpha) with statistical significance. Besides, in studying the performance persistence of fixed income funds using the Winner-Winner, Winner-loser Persistence Test, the results of this research confirm the results of most researches on foreign fixed income funds that the performance of the Fixed Income Funds has the persistence at low to moderate level. This demonstrates the empirical results that fixed income funds are likely to continue to generate Poor Performance Persistence more than Good Performance Persistence.
Book Synopsis Mutual Fund Performance in Emerging Markets by : A. Bogman
Download or read book Mutual Fund Performance in Emerging Markets written by A. Bogman and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Value-at-Risk (VaR) and Performance Predictability: Evidence on Skewed Distribution Mutual Fund in Thailand by : Apichai Akechamanon
Download or read book Value-at-Risk (VaR) and Performance Predictability: Evidence on Skewed Distribution Mutual Fund in Thailand written by Apichai Akechamanon and published by . This book was released on 2017 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: As mutual fund in Thailand still keep growing and become a good choice of investment while Value-at-Risk (VaR) is a popular risk measurement among financial industry so this study empirically studies the effect of Value-at-Risk (VaR) on mutual fund performance along with investigating mutual performance predictability by using data of mutual funds in Thailand from 2004 to 2017. This study focus on Skewed distribution mutual funds in Thailand. This study first finds performance of low VaR and high VaR mutual funds of two types of mutual funds, which are equity Skewed distribution mutual funds and Fixed Income and Money Market Skewed distribution mutual funds. The first study shows that the low VaR portfolio insignificantly different from the high VaR portfolio for both equity and Fixed income and Money market mutual funds. The result does not consistent with previous literature. The possible explanation for result of equity fund is the result from previous literature may dominate by normal distribution. While, possible explanation for Fixed Income and Money Market mutual funds is that both return and risk of Fixed Income and Money Market mutual funds may do not move so this is possible to be a reason that this study see nothing from the study of low VaR and high VaR of Fixed Income and Money Market mutual funds. Then, this study continue to tests whether past Value-at-Risk can predict performance of Equity funds whose have Skewed distribution or not. Slope of VaR from Fama-Macbeth regressions fails to have statistical significance. Even though result from Fama-Macbeth regressions on this study does not consistent with previous literature, it still similar with some previous studies like Prasopa (2011) and Aziz and Ansari (2017) as they also report insignificant on coefficient of VaR.
Book Synopsis Comparative Analysis of Trade and Finance in Emerging Economies by : William A. Barnett
Download or read book Comparative Analysis of Trade and Finance in Emerging Economies written by William A. Barnett and published by Emerald Group Publishing. This book was released on 2023-04-10 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of the International Symposia in Economic Theory and Econometrics explores the latest economic and financial developments in Africa and Asia.
Download or read book Asian Profile written by and published by . This book was released on 2008 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Factor Investing and Asset Allocation: A Business Cycle Perspective by : Vasant Naik
Download or read book Factor Investing and Asset Allocation: A Business Cycle Perspective written by Vasant Naik and published by CFA Institute Research Foundation. This book was released on 2016-12-30 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Finance, Financial Markets and Instruments by : Frank J. Fabozzi
Download or read book Handbook of Finance, Financial Markets and Instruments written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 2008-11-03 with total page 868 pages. Available in PDF, EPUB and Kindle. Book excerpt: Volume I: Financial Markets and Instruments skillfully covers the general characteristics of different asset classes, derivative instruments, the markets in which financial instruments trade, and the players in those markets. It also addresses the role of financial markets in an economy, the structure and organization of financial markets, the efficiency of markets, and the determinants of asset pricing and interest rates. Incorporating timely research and in-depth analysis, the Handbook of Finance is a comprehensive 3-Volume Set that covers both established and cutting-edge theories and developments in finance and investing. Other volumes in the set: Handbook of Finance Volume II: Investment Management and Financial Management and Handbook of Finance Volume III: Valuation, Financial Modeling, and Quantitative Tools.
Book Synopsis Public Sector Accountants and Quantum Leap: How Far We Can Survive in Industrial Revolution 4.0? by : Akhmad Solikin
Download or read book Public Sector Accountants and Quantum Leap: How Far We Can Survive in Industrial Revolution 4.0? written by Akhmad Solikin and published by Routledge. This book was released on 2020-08-07 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Industrial Revolution 4.0 will not only cause job losses, but will also create new workspaces that may not exist today. It also needs to be considered by accountants in government because the processes of budget planning, budget execution, and financial reporting have used a large number of information systems. In the era of the Industrial Revolution 4.0, the changes will be faster, marked by the emergence of such systems as supercomputers, smart robots, cloud computing, big data systems, genetic engineering and the development of neurotechnology that allows humans to optimize brain function further. Industrial Revolution 4.0 will disrupt the accounting profession. This proceedings provides selected papers/research on government accounting, accountability and integrity public sector accounting, financial accounting, accounting information system, auditing and assurance, corporate sustainability, forensic and management accounting, public and corporate finance, taxation and customs, open innovation in public sector accounting. The proceedings provide details beyond what is possible to be included in an oral presentation and constitute a concise but timely medium for the dissemination of recent research results. It will be invaluable to professionals and academics in the field of accounting, finance and the public sector to get an understanding of recent research.
Book Synopsis Evaluating the Financial Performance of Pension Funds by : Richard Hinz
Download or read book Evaluating the Financial Performance of Pension Funds written by Richard Hinz and published by World Bank Publications. This book was released on 2010-01-14 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds have now been in place for several decades, their performance is usually measured using methods that are not meaningful in relation to this long-term objective. The recent global financial crisis has highlighted the need to develop better performance evaluation methods that are consistent with the retirement income objective of pension funds. Compiling research derived from a partnership among the World Bank, the Organisation for Economic Co-operation and Development (OECD), and three private partners, 'Evaluating the Financial Performance of Pension Funds' discusses the theoretical basis and key implementation issues related to the design of performance benchmarks based on life-cycle savings and investment principles. The book begins with an evaluation of the financial performance of funded pension systems using the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and outlines the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension-specific benchmark portfolios. Practical implementation issues are addressed through empirical examples of how such benchmarks could be developed. The book concludes with commentary and observations from several noted pension experts about the need for a new approach to performance measurement and the impact of the recent global financial crisis on pension funds.
Book Synopsis Alternative Investments: A Primer for Investment Professionals by : Donald R. Chambers
Download or read book Alternative Investments: A Primer for Investment Professionals written by Donald R. Chambers and published by CFA Institute Research Foundation. This book was released on 2018 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alternative Investments: A Primer for Investment Professionals provides an overview of alternative investments for institutional asset allocators and other overseers of portfolios containing both traditional and alternative assets. It is designed for those with substantial experience regarding traditional investments in stocks and bonds but limited familiarity regarding alternative assets, alternative strategies, and alternative portfolio management. The primer categorizes alternative assets into four groups: hedge funds, real assets, private equity, and structured products/derivatives. Real assets include vacant land, farmland, timber, infrastructure, intellectual property, commodities, and private real estate. For each group, the primer provides essential information about the characteristics, challenges, and purposes of these institutional-quality alternative assets in the context of a well-diversified institutional portfolio. Other topics addressed by this primer include tail risk, due diligence of the investment process and operations, measurement and management of risks and returns, setting return expectations, and portfolio construction. The primer concludes with a chapter on the case for investing in alternatives.
Book Synopsis Asia-Pacific Financial Markets by : Suk-Joong Kim
Download or read book Asia-Pacific Financial Markets written by Suk-Joong Kim and published by Elsevier. This book was released on 2007-12-12 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume of "International Finance Review" focuses on the Asia-Pacific financial markets. A total of 22 original papers, not published elsewhere, have been selected from a competitive field. These papers utilize a variety of methods, including theoretical, empirical and qualitative to highlight a range of issues across the region. Several papers offer combinations of these different categories and among the empirical papers, there are a wide variety of datasets analyzed. While China does play a significant part in the analysis of five of the papers in this volume (this is to be expected given its importance in the region), a host of other countries are also considered. This ensures the volume is truly international in its scope. These papers each serve to contribute to the knowledge on a particular issue related to the financial markets within this region and for this volume, three main issues have been identified: integration, innovation and challenges. Articles are contributed by experts in their fields. It is truly international in scope.
Author :International Monetary Fund. Asia and Pacific Dept Publisher :International Monetary Fund ISBN 13 :1484301854 Total Pages :22 pages Book Rating :4.4/5 (843 download)
Book Synopsis Thailand by : International Monetary Fund. Asia and Pacific Dept
Download or read book Thailand written by International Monetary Fund. Asia and Pacific Dept and published by International Monetary Fund. This book was released on 2017-06-01 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thailand: Selected Issues
Book Synopsis Portfolio Performance Evaluation by : George O. Aragon
Download or read book Portfolio Performance Evaluation written by George O. Aragon and published by Now Publishers Inc. This book was released on 2008 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides a review of the methods for measuring portfolio performance and the evidence on the performance of professionally managed investment portfolios. Traditional performance measures, strongly influenced by the Capital Asset Pricing Model of Sharpe (1964), were developed prior to 1990. We discuss some of the properties and important problems associated with these measures. We then review the more recent Conditional Performance Evaluation techniques, designed to allow for expected returns and risks that may vary over time, and thus addressing one major shortcoming of the traditional measures. We also discuss weight-based performance measures and the stochastic discount factor approach. We review the evidence that these newer measures have produced on selectivity and market timing ability for professional managed investment funds. The evidence includes equity style mutual funds, pension funds, asset allocation style funds, fixed income funds and hedge funds.
Book Synopsis Managing Elevated Risk by : Iwan J. Azis
Download or read book Managing Elevated Risk written by Iwan J. Azis and published by Springer. This book was released on 2014-12-11 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses the risks and opportunities that arise in Emerging Asia given the context of a new environment in global liquidity and capital flows. It elaborates on the need to ensure financial and overall economic stability in the region through improved financial regulation and other policy measures to minimize the emergent risks. "Managing Elevated Risk: Global Liquidity, Capital Flows, and Macroprudential Policy—An Asian Perspective" also explores the range of policy options that may be deployed to address the impact of global liquidity on domestic financial and socio-economic conditions including income inequality. The book is primarily aimed at policy makers, financial market regulators and supervisory agencies to help them improve national regulatory systems and to promote harmonization of national regulations and practices in line with global standards. Scholars and researchers will also gain important information and knowledge about the overall impacts of changing global liquidity from the book.
Download or read book Hedge Funds written by Greg N. Gregoriou and published by John Wiley & Sons. This book was released on 2007-09-10 with total page 687 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether already experienced with hedge funds or just thinking about investing in them, readers need a firm understanding of this unique investment vehicle in order to achieve maximum success. Hedge Funds unites over thirty of the top practitioners and academics in the hedge fund industry to provide readers with the latest findings in this field. Their analysis deals with a variety of topics, from new methods of performance evaluation to portfolio allocation and risk/return matters. Although some of the information is technical in nature, an understanding and applicability of the results as well as theoretical developments are stressed. Filled with in-depth insight and expert advice, Hedge Funds helps readers make the most of this flexible investment vehicle.
Book Synopsis Quantitative Investment Analysis by : Richard A. DeFusco
Download or read book Quantitative Investment Analysis written by Richard A. DeFusco and published by John Wiley & Sons. This book was released on 2015-10-15 with total page 635 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your complete guide to quantitative analysis in the investment industry Quantitative Investment Analysis, Third Edition is a newly revised and updated text that presents you with a blend of theory and practice materials to guide you through the use of statistics within the context of finance and investment. With equal focus on theoretical concepts and their practical applications, this approachable resource offers features, such as learning outcome statements, that are targeted at helping you understand, retain, and apply the information you have learned. Throughout the text's chapters, you explore a wide range of topics, such as the time value of money, discounted cash flow applications, common probability distributions, sampling and estimation, hypothesis testing, and correlation and regression. Applying quantitative analysis to the investment process is an important task for investment pros and students. A reference that provides even subject matter treatment, consistent mathematical notation, and continuity in topic coverage will make the learning process easier—and will bolster your success. Explore the materials you need to apply quantitative analysis to finance and investment data—even if you have no previous knowledge of this subject area Access updated content that offers insight into the latest topics relevant to the field Consider a wide range of subject areas within the text, including chapters on multiple regression, issues in regression analysis, time-series analysis, and portfolio concepts Leverage supplemental materials, including the companion Workbook and Instructor's Manual, sold separately Quantitative Investment Analysis, Third Edition is a fundamental resource that covers the wide range of quantitative methods you need to know in order to apply quantitative analysis to the investment process.
Author :International Monetary Fund. Monetary and Capital Markets Department Publisher :International Monetary Fund ISBN 13 :1616352477 Total Pages :94 pages Book Rating :4.6/5 (163 download)
Book Synopsis Global Financial Stability Report, April 2012 by : International Monetary Fund. Monetary and Capital Markets Department
Download or read book Global Financial Stability Report, April 2012 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2012-04-18 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.
