INTERACTION BETWEEN MUTUAL FUNDS AND MACRO-ECONOMIC VARIABLES: A GHANAIAN CONTEXT MSc FINANCIAL ECONOMICS 1 ABSTRACT This paper analyses the interaction between mutual fund prices‚ exchange rates and inflation in Ghana. The study focuses on the first and the largest equity mutual fund in Ghana known as the Databank EPACK Investment Fund. With over 50 million shareholdings and investments in 12 African countries‚ the fund is arguably the leading Pan African mutual fund. A total of 190 observations
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strategies used by the fund. The most well know strategy which hedge fund managers or practitioners undertake was “market neutral arbitrage”‚ thus‚ from this particular trading strategy‚ of course what they are doing is not like what the name suggested “hedging”‚ instead‚ hedge fund participants are trying to speculate from every financial markets. More specific‚ the trading strategy indicates that it take a long position in those securities which was viewed by hedge fund managers as under priced
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Performance of Mutual Funds Case study of SBI & HDFC Bank Mrs.Gazal Aggarwal** Mrs Meenu Kaur* Introduction The last three decades of 20th Century witnessed the emergence of a number of issues that spared debates and discussion among economist. Financial sector is the major area of macro economy that has received renewed focus in recent years; the banking sector has been the cynosure of academia. The traditional face of banking is also undergoing a change from that of a mere intermediator
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thought to lower risk–weighted assets • But became a speculative bet on the shape of the yield curve “flawed‚ complex‚ poorly reviewed‚ poorly executed‚ and poorly monitored. The portfolio has proven to be riskier‚ more volatile and less effective as a hedge than we thought‚” Intro Abuse Risk Activities Policy LIBOR scandal • LIBOR/EURIBOR benchmark interest rate (average • • • • reported rate) Very costly because many contracts (e.g. derivatives and mortgages) have the rates set
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CASE STUDY: Strategic Capital Management ------------------------------------------------- NOTES SCM LLC 12.9.1998 – Elena raised $20 million for her new fund Interested in Ubid‚ recently had an IPO—lucrative Internet-sector investment? Mandate of generating 10% annual returns charge investors 2% management fee of assets under management an incentive fee equal to 20% of profits. Mandatory minimum investment horizon of 2 years Ubid & Creative Computers creative computers – a
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Mutual Funds Meredith Markham Managerial Finance Marc Lafond‚ MBA May 5‚ 2013 Mutual Funds There are many different people that can be considered investors. With so many different types of investors‚ it is only natural that there be a variety of types of mutual funds to invest in. “At last count there were more than 10‚000 mutual funds in North America” meaning there “are more mutual funds than stocks” (“Mutual Funds‚” n.d.). For this paper‚ we will focus on five types of mutual funds:
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This topic of discussion focuses on the Dodd-Frank Act and how it came into existence? Those who were affected by the law‚ to include the Acts forced regulations on all U.S. financial institutions‚ private hedge funds‚ government controlling‚ compliances‚ and its protection. The Dodd-Frank Wall Street Reform and Consumer Protection Act‚ now called The Dodd-Frank Act is a U.S. federal mandated law‚ one in which was created by the Obama administration and signed into federal law on July 21‚ 2010. The
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I’m writing this letter to express my interest in attending your master’s program in finance. Background: I finished my Secondary education from Sri Sankara Senior secondary school (CBSE)‚ Adyar in the year 2008 falling within the top 3 scorers in my class with merit in Accountancy and Business studies. I was then accepted into Loyola college (Rated among the top 3 colleges in India for Arts & science) to pursue my bachelor’s degree in Commerce. My 3 years at Loyola helped me to experiment
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Alternative investments include hedge funds‚ managed futures‚ real estate‚ commodities and derivatives contracts. Definition of ’Hedge Fund’ An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged‚ long‚ short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark). Legally‚ hedge funds are most often set up as private
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1. What is a hedge fund? How do hedge funds differ from mutual funds? Hedge funds are investment vehicles that explicitly pursue absolute returns on their underlying investments. Hedge Fund incorporate to any absolute return fund investing within the financial markets (stocks‚ bonds‚ commodities‚ currencies‚ derivatives‚ etc) and/or applying non-traditional portfolio management techniques including‚ but not restricted to‚ shorting‚ leveraging‚ arbitrage‚ swaps‚ etc. Hedge funds can invest in any
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