1. Secondly, in the modern portfolio theory of Markowitz and William Sharpe - Capital Asset Pricing Model the theoretical basis, the system expounded on the current performance evaluation of securities investment funds representative of the three kinds of risk-adjusted performance measurement method, which Sharpe performance index, Treynor index, Jensen performance index, and a comparative study of them.
其次，在马柯维茨的现代投资组合理论和威廉·夏普的资本资产定价模型的理论基础上，系统地阐述了目前关于证券投资基金的绩效评估具有代表性的三种风险因素调整绩效衡量方法，即夏普业绩指数、特雷诺指数、詹森业绩指数，并对其进行了比较研究。
2. The results are consistent with the interpretation that positive intangible information tends to trigger institutional herding on the buy side.3. The securities Investment Funds act as momentum traders in bear market while as contrariant traders in bull market. Further analysis reveals that momentum trading by investment funds intensifies stock return momentum but stock price experiences a long-term reversal. It indicates return momentum results from mispricing instead of risk. The securities Investment Funds hamper market efficiency when they act as momentum traders.4 Both momentum trading and herding behavior intensify market anomalies and hamper market efficiency. However, momentum trading or herding behavior is the only one of the many aspects of the institutional investor.
第三，机构投资者的动量交易行为会加重了股票收益惯性，这一结论在分别控制股票规模、账面市值比因素后仍成立，并且机构投资者对股票的动量交易行为越强烈，股票收益的惯性也越明显，说明机构投资者具有影响股票价格的能力；进一步的分析表明，惯性利润在长期均实现反转，但反转的周期和程度受动量交易指标值的影响，股票动量交易程度越高，动量收益反转越强烈，反转周期越短，这表明机构投资者的动量交易行为使股价严重偏离其基础价值，在长期，股票价格不断调整逐渐靠近其基础价值，因此可以说，机构投资者对股票的动量交易行为会加重股票收益惯性和阻碍市场效率。
3. The outlook for gold is still firm on news of a strong investment demand for coins, bars and exchange traded funds but that is partly offset by a crashing demand for jewellery especially in Asia.
展望黃金表示仍然良好，由於有硬幣和交易所基金投資需求，但部分需求被亞州的珠寶需求所抵銷。
4. The first-grade indexes include science research output and investment, science research investment comprises manpower, funds and base, science research output reviews direct output and indirect output roundly, the second-grade and third-grade stair indexes and parameters were set by science research characteristic and development rule of three differently studies.
一级指标从科研投入与产出两大内容着手，科研投入包含人力、项目经费、基地三项，科研产出全面考察直接科研产出与间接科研产出两类；二、三级指标内容与权重凸显三类不同学科的特色及科研发展规律。
5. 911查询·英语单词
5. In most parts of Asia this also is nil, and thus investment into offshore funds becomes very attractive
不过，在亚洲大部分地方，这类投资的收入都不需要缴税。
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6. In most parts of Asia this also is nil, and thus investment into offshore funds becomes very attractive.
不过，在亚洲大部分地方，这类投资的收入都不须要缴税。岸外基金投资因此有很大的吸引力。
7. Further optimize the investment environment will help attract more overseas and offshore funds to enter.
1 ，进一步优化投资环境将有助于吸引更多海外和境外资金进入。
8. investment funds
8. It is forbidden to use the borrowed inter-bank funds to issue fixed assets loans or to make investment.
禁止利用拆入资金发放固定资产贷款或者用于投资。
9. According to additional plans to open additional new pipe not more than 300, 000, 000 shares, the Prospectus for 4 investment projects, investment funds totaling 3, 036, 000, 000 yuan.
根据计划开设更多的不超过300，000，000股，为4个投资项目，投资资金达30.360亿元章程增加新管道。
10. Andrew Rozanov, of State Street Bank, argues that the lack of well-defined obligations and the ability to retain funds indefinitely while not having to reveal results is an investment advantage.
State Street Bank银行的Andrew Rozanov认为，缺少规范的职责，能无限期的保持基金，同时不必透露其投资成效是这些基金投资的优势。
11. With the business of sustainable development, as capital-intensive enterprises, real estate investment still a large number of financial support, such as channels for external borrowing is limited, pre-owned funds and real estate sales to return funds can not keep up project construction requirements, its real estate project development will face the risk of financing.
与可持续发展的企业，资本密集型企业，房地产投资仍然是大量的财政支持，如对外借款的渠道是有限的，预自有资金和房地产销售返回资金无法跟上工程建设的要求，其房地产项目发展将面临的融资风险。
12. This innovation does not need the investment of funds, nor device modification and can provide better economy benefit.
此方法无需投入资金或进行设备改造，即可取得较好的经济效益。
13. Pacific Capital Asia is an investment firm originating from Europe with funds under management of over HKD13 billion.
太平洋资本亚洲是一所欧资背景的投资基金，现管理资金规模超过港币130亿。
14. The real estate around the foreign financial Summit Real Estate Investment Trust`s history of development, foreign funds in China, the development of ways and the future, as well as current and future period of time in the development of China real estate investment trusts are facing problems and conduct an objective analysis of the mode of operation.
房地产的外资金融首脑会议房地产投资信托基金的发展史，外国资金在中国的发展途径和未来，以及当前和今后一段时间的发展，中国房地产投资相信正面临的问题，进行客观分析的运作模式。
15.
15. Among the deals and projects to be scrutinised are the $1.9bn tax-free sale of Shin Corp, the telecoms empire Mr Thaksin founded, to Temasek, the Singapore government`s investment arm; the use of relief funds intended for victims of the December 2004 tsunami; and projects associated with the new Suvarnabhumi Airport, due to open next week.
将受到调查的交易与工程包括：他信创建的电信帝国臣那越集团以19亿美元免税售予新加坡国有投资机构淡马锡的交易、旨在帮助2004年海啸受害者的救济金使用情况，以及与新苏瓦那布呼米机场相关的工程，这座机场定于下周投入运营。
16. Buffett`s praise of index funds is nothing but lies in the fact that index funds through index funds in accordance with the objectives contained in the sample a focus on diversified investment options to achieve the replication of the index and revenue sharing.
巴菲特的指数基金的称赞，不过是还在于，通过指数基金指数基金在样本中一多元化的投资选择，以实现对指数和收入分享复制的重点根据所载的目标。
17. The forestry funds investment behavior is the core of the forestry households investment behavior.
资金投入行为是林农经营行为的核心内容。
18. In the process of management and operation of investment funds, risks exist.
在证券投资基金的管理运作中，风险始终是存在的、不能完全规避的。
19. We refer to the discussions between Climate Change Capital Limited in its capacity as investment manager for one or more of its managed carbon investment funds, and PoyryConsulting Co., Ltd. and ABC Co., Ltd as its Subconsultant, and any of its Related bodies corporate(each individually a party or collectively, the parties)concerning the proposed provision of Consulting Services by the Consultant to one or more of CCC''s managed carbon investment funds in connection with the project.
我们提及讨论在气候变化首都有限之间在作为投资经理的它能力为一或者更多它的被处理的碳投资基金，和 Poyry 商议公司，Ltd.and 美国广播公司公司，作为它的次顾问的公司，和任何的是企业的(每个个别地一个宴会或集体地，宴会)的它的相关身体关于被提议准备商议顾问的服务至一或就计画的更多 CCC 的被处理的碳投资基金。
20. Overall, since 2005 till now, the equity investments of insurance funds have been proceeds; but fund investment is a loss of tens of billions.
总的来说，自2005年至今，保险资金已被收入的股票投资，但基金投资是数以百亿计的损失。
1. UBS has been unprofitable for the past four quarters after losses at the investment bank and withdrawals of client funds from the wealth management business.
2. But local venture capital funds saw their portion nearly double in 2007 to about a quarter of total investment.
3. The municipal government will also broaden the investment fields for private capital funds.
4. Newly raised capital of funds can provide more investment products with reasonable valuation.
5. Wu says he hopes that the Chengdu Investment Holding Group will be the channel through which international capital and domestic private funds can flow smoothly.
6. More capital such as from insurance funds will be encouraged to enter the stock market to improve investment structure.
7. The statement said running of the funds would be entrusted to professional management institutions each with at least three experienced venture capital investment managers.
8. Hong said lowering standards for the risk capital reserve will increase the amounts of funds used for investment.
9. The activity of professional hedge fund managers helps to confirm the changed investment environment and potential destinations for investment funds.
10. They will also enjoy great flexibility in changing insurance coverage or premiums and cashing in funds for investment.