Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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Our regression
models, however, can only explain a small amount of the variation in selection ability, suggesting
that individual manager skill is likely an important driver of selection success. In contrast, while
overall timing ability appears to be negligible or negative for the population of both public and
private portfolio managers, portfolio characteristics can explain a larger portion of the variance in
timing ability. Characteristic timing appears to be positively related to portfolio average property
holding period for public portfolio managers, while it is negatively related to portfolio average
property holding period for private portfolio managers. In contrast to the characteristic selectivity
measures, our models for relating portfolio...
Nội dung trích xuất từ tài liệu:
OECD Working Papers on Insurance and Private Pensions No. 32: Pension Fund Investment in Infrastructure
