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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About $4 trillion is currently invested in U.S. domestic equity mutual funds, making
them a fundamental part of the average U.S. investor’s overall portfolio. Since about 90%
of these funds are actively managed, researchers have devoted extensive efforts in studying
their performance and have found that, on average, active management underperforms
passive benchmarks. For example, Wermers (2000) finds that the average U.S. domestic
equity fund underperforms its overall market, size, book-to-market, and momentum
benchmarks by 1.2%/year over the 1975–1994 period. Recent articles show more
optimistic evidence of active management skills among subgroups of funds. For instance,
Baks et al. (2001) find that mean-variance investors who are skeptical about...
Nội dung trích xuất từ tài liệu:
The Investment Allocation of Sovereign Wealth Funds
