2theassetallocationdecision中文2資產(chǎn)配置決策-閱讀頁
2025-03-14 05:44本頁面
【正文】 Appendix Objectives and Constraints of Institutional Investors ? Mutual Funds – pool investors funds and invests them in financial assets as per its investment objective Pension Funds ? Receive contributions from the firm, its employees, or both and invests those funds ? Defined Benefit – promise to pay retirees a specific ine stream after retirement ? Defined Contribution – do not promise a set of benefits. Employees’ retirement ine is not an obligation of the firm Endowment Funds They represent contributions made to charitable or educational institutions Insurance Companies ? Life Insurance Companies –earn rate in excess of actuarial rate –growing surplus if the spread is positive –fiduciary principles limit the risk tolerance –liquidity needs have increased –tax rule changes Insurance Companies ? Nonlife Insurance Companies –cash flows less predictable –fiduciary responsibility to claimants –Risk exposure low to moderate –liquidity concerns due to uncertain claim patterns –regulation more permissive Banks ? Must attract funds in a petitive interest rate environment ? Try to maintain a positive difference between their cost of funds and their return on assets ? Need substantial liquidity to meet withdrawals and loan demands ? Face regulatory constraints Future topics Chapter 3 ? Investment choices ? Including global assets in asset allocation decisions 靜夜四無鄰，荒居舊業(yè)貧。 05:43:3805:43:3805:433/23/2023 5:43:38 AM 1以我獨沈久，愧君相見頻。 05:43:3805:43:3805:43Thursday, March 23, 2023 1乍見翻疑夢，相悲各問年。 2023年 3月 23日星期四 上午 5時 43分 38秒 05:43: 1比不了得就不比，得不到的就不要。 2023年 3月 23日星期四 5時 43分 38秒 05:43:3823 March 2023 1做前，能夠環(huán)視四周；做時，你只能或者最好沿著以腳為起點的射線向前。 , March 23, 2023 很多事情努力了未必有結(jié)果，但是不努力卻什么改變也沒有。 :43:3805:43Mar2323Mar23 1世間成事，不求其絕對圓滿，留一份不足，可得無限完美。 :43:3805:43:38March 23, 2023 1意志堅強的人能把世界放在手中像泥塊一樣任意揉捏。 2023年 3月 上午 5時 43分 :43March 23, 2023 1少年十五二十時，步行奪得胡馬騎。 上午 5時 43分 38秒 上午 5時 43分 05:43: 楊柳散和風，青山澹吾慮。 05:43:3805:43:3805:433/23/2023 5:43:38 AM 1越是沒有本領(lǐng)的就越加自命不凡。 05:43:3805:43:3805:43Thursday, March 23, 2023 1知人者智，自知者明。 :43:3805:43:38March 23, 2023 1意志堅強的人能把世界放在手中像泥塊一樣任意揉捏。 2023年 3月 上午 5時 43分 :43March 23, 2023 1業(yè)余生活要有意義，不要越軌。 上午 5時 43分 38秒 上午 5時 43分 05:43: MOMODA POWERPOINT Lorem ipsum dolor sit, eleifend nulla ac, fringilla purus. Nulla iaculis tempor felis amet, consectetur adipiscing elit. Fusce id urna blanditut cursus. 感謝您的下載觀看 專家告訴
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