World-Finances News
 World-Finances : International Bank ReformWorld-Finances : International Bank Reform With the goals of reducing poverty and providing common economical stability, the International Bank and its organizations have been reinventing themselves for many years, from technocrats in the 1950s to developmental lenders in 1960s through the 1980s to collapced managers in the 1990s. However, organization needs a new task for the new millennium - world-finances bank reform. With the shift to market-based economical systems and the new access to capital, net transfers to developing countries from the International Bank and the IBRD have been negative every year since 1991.... |
 Modern portfolio theoryThe portfolio perspective in this website is focus on the aggregate of all the investor's holdings: the portfolio. Because economic fundamentals influence the average returns of many assets, the risk associated with one asset's returns is generally related to the risk associated with other assets' returns. If we evaluate the prospects of each asset in isolation and ignore their interrelationships, we will likely misunderstand the risk and return prospects of the investor's total investment position—our most basic conce... |
 TACTICAL ASSET ALLOCATIONTactical asset allocation (TAA) involves deliberately underweighting or overweighting asset classes relative to their target weights in the policy portfolio in an attempt to add value. TAA is active management at the asset-class level. Thus in a top-down perspective, TAA would follow the strategic asset allocation decision and stand one level above decisions about how to manage money within an asset class.... |
 SELECTING A FIXED-INCOME MANAGERWhen funds are not managed entirely in-house, a search for outside managers must be conducted. Because the average institutional fixed-income portfolio has approximately 85 percent of the assets managed actively and 15 percent indexed, we focus our attention here on the selection of an active manager.... |
 The Equity Manager QuestionnaireA typical equity manager questionnaire examines five key areas: organization/people, philosophy/process, resources, performance, and fees. The questionnaire creates a formal basis for directly comparing different investment fi... |
 What is Alternative InvestmentsAlternative investments comprise groups of investments with risk and return characteristics that differ markedly from those of traditional stock and bond investments.... |
