Screen LibraryInvestment performance measurement /
This book is split into four distinct sections to provide a complete account of investment performance measurement. -- Product Description.
Saved in:
| Main Authors: | |
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| Corporate Authors: | |
| Published: |
Woodhead Pub.,
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| Publisher Address: | Cambridge, England : |
| Publication Dates: | 1996. |
| Literature type: | eBook |
| Language: | English |
| Subjects: | |
| Online Access: |
http://www.sciencedirect.com/science/book/9781855731950 |
| Summary: |
This book is split into four distinct sections to provide a complete account of investment performance measurement. -- Product Description. |
| Carrier Form: | 1 online resource (xiii, 202 pages) : illustrations |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: |
9780857099976 0857099973 1306377633 9781306377638 |
| Index Number: | HG4529 |
| CLC: | F830.59 |
| Contents: |
Front Cover; Investment Performance Measurement; Copyright Page; Table of Contents; Foreword; Preface; Acknowledgements; SECTION 1: What is performance measurement?; Chapter 1. History of performance measurement; Introduction; Early development in the USA; Development in the UK; Risk; Growth of peer group data; The issues; Chapter 2. The benchmarks; Introduction; Early index development; Performance measurement benchmarks; Sector and size analysis; The growth of international investment; Customised benchmark indices; Bond market and other indices; International bond indices; Other assets. Fund benchmarksUniverse benchmarks; The issues; Chapter 3. Performance analysis; Introduction; The approach to rate of return and risk; The issues; Chapter 4. Management control; Introduction; Fund management promotion; Managing the managers; The issues; SECTION 2: How to measure performance; Chapter 5. The basic calculations; Introduction; Money weighted and time weighted returns; Attribution analysis; The currency effect; Recent developments; Further issues to be considered; Conclusion; The issues; Chapter 6. Practicalities of data collection; Introduction; Benchmark data: prices. Benchmark data: exchange ratesBenchmark data: company data; Fund data: prices; Fund data: income; Fund data: derivatives; The issues; Chapter 7. Performance standards; Introduction; Technical standards; Commercial standards; The issues; Chapter 8. Risk; Introduction; Early development in the USA; Risk-adjusted returns; Limitations of risk values; Multi-dimensional models; Developments in the UK; Other aspects of risk; The issues; SECTION 3: The results; Chapter 9. Evidence of universe results; Introduction; UK experience since 1975; UK pension fund universe; Changing asset mix; The issues. Chapter 10. The investment management processIntroduction; Management selection risk; International diversification; Indexation; The issues; Chapter 11. International differences; Introduction; Pension funds in Europe; The Netherlands experience; The US experience; Conclusion; The issues; Chapter 12. Myths and misunderstandings; Introduction; Asset class returns; Small funds outperform large funds; Fast growth leads to better performance; Local management is better than foreign based management; Combining overseas with domestic equities raises returns and reduces risk. Superior investment returns are sustainableThe issues; SECTION 4: The future; Chapter 13. More detailed analysis; Introduction; Stock level transaction data; New investment instruments; The issues; Chapter 14. Customised benchmarks; Introduction; Index benchmarks; Style and factor indices; Fund-specific benchmarks; Conclusion; The issues; Chapter 15. The international dimension; Introduction; International standards; International status of performance measurement; The issues; APPENDIX 1: Index formulae; APPENDIX 2: Extract from Eadie; APPENDIX 3: Extract from Ryder and McLeod; Index. |