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Dissertations / Theses on the topic 'Passive Investments'

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Published: 29 June 2021

Last updated: 29 July 2025

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1

Topudurti, Shruti. "Determinants of Flows Between Active and Passive Equity Investments." Scholarship @ Claremont, 2018. http://scholarship.claremont.edu/cmc_theses/1952.

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Active versus passive investing is a popular topic within the investment community and beyond. In particular, many are concerned with fund flows in and out of active and passive investments. Existing research suggests that recent returns are a reason for the capital flow from active to passive and that fees also impact flows negatively. With U.S. equity mutual funds as a proxy for active investing and U.S. equity ETFs as a proxy for passive investing, I show that prior month flows have a positive and significant relationship with current flows for both ETFs and mutual funds, as well as for flo

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Heger, Levin, and Lisa Åkerman. "Momentum in ESG Indexes : A study on the passive capital flows effect on ESG stock prices." Thesis, Umeå universitet, Företagsekonomi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-185265.

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The aim with this thesis is to investigate whether increased capital flows to ESG screened indexes create higher price-to-earnings (P/E) ratios and momentum in the included stocks during the chosen time period of three years, from 2018 to 2020. The thesis will evaluate the capital flows to ESG indexes and compare both performance and P/E ratios between those and their corresponding Mother indexes. The study will also look at the development of capital flows, performance and P/E ratios separately in the four chosen geographical indexes; Global, Europe, US and Emerging Markets. The theoretical f

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Babar, Haseeb Zaman, and Johan Norberg. "Performance of passive long term investments : A longitudinal study over the relative performance of emerging- and developed markets." Thesis, Umeå universitet, Företagsekonomi, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-81143.

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The concept of emerging markets came to surface in early 1980 and constituted of only eight countries from the two continents of South America and Asia. The globalization of financial markets has since raised the importance of emerging capital markets. We take a quantitative approach to investigate the performance of emerging markets compared to developed markets. The aim of the study is to conclude if emerging markets offers investment value and if logic in portfolio theory can be used to improve the chance of creating a relatively better performing investment. Included markets in our study a

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Nourmohammadi, Derya. "Ska man tro på aktie-Nostradamus? : en studie om aktierekommendationers värde för privata investerare." Thesis, Södertörns högskola, Institutionen för ekonomi och företagande, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-5317.

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Intro: 80 percent of the Swedish population own shares. This makes Sweden the leading country in private investment in securities. It can be difficult for the private investor to know where, when and which security to invest in. The strategies are as ambivalent as the stock markets fluctuations. If the investor prefers to refrain from investing money himself, there are brokers who carry out these types of services. Brokers use complex calculations and analytical tools to reach the best investment strategies. Their results are based on historic data from public information. According to the the

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Karlsson, Johanna, and Persson Didrik Brinkestam. "Active versus Passive Investment : A China and Hong Kong comparison." Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-97110.

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Investors have been debating whether active or passive management is the better strategy for a very long time where the majority conclude passive investment the most beneficial strategy in terms of after cost. Due to limited research in emerging markets, this study examines whether active or passive management is the most remunerative strategy in mainland China and Hong Kong, considering the difference in attributes between the regions. Historical data for the Hang Seng Index (HSI) and the Shanghai Stock Exchange Composite Index (SSE Composite Index) was used for representing passive funds. To

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Tomášik, Ivan. "Analýza úspešnosti vybraných pasívnych a aktívnych investičných stratégií." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-113643.

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This working paper discusses in its first section differences between active and passive investment strategies. It also deals with convenience of active funds by overcoming returns of indices size of fees and share of assets in active and passive investment forms. It also discusses index investing and exchange traded funds. The second chapter deals with short selling, its history, regulation, fees and criteria for short selling. Last chapter analyzed financial indicators of stock titles from DSW Watchlist. The results of the analysis have been also tested. Results are shown in the third chapte

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7

Rundlöf, Niclas, and Jimmy Lovén. "Ska jag placera aktivt eller passivt? : En studie om premiepensionsvalet." Thesis, Södertörns högskola, Institutionen för ekonomi och företagande, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:sh:diva-15285.

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Intention: The purpose of this thesis is to see if an active investment decision in the Swedish Premium Pension System would result in a higher return than a non-active investment decision. A non-active investment decision is equivalent to leaving the money in AP7 Premium Savings Fund. Method: This thesis is a statistical analysis and has a descriptive character in which the calculations are based on secondary data, thus the thesis has a quantitative character. Furthermore three active portfolios in different risk categories have been chosen. These portfolios are compared with the AP7 Premium

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Moisan-Poisson, Miguel. "Stratégie d'investissement guidé par les passifs et immunisation de portefeuille : une approche dynamique." Mémoire, Université de Sherbrooke, 2013. http://hdl.handle.net/11143/6096.

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In a previous MITACS project in collaboration with Addenda Capital, two basic liability matching strategies have been investigated: cash flow matching and moment matching. These strategies performed well under a wide variety of tests including historical backtesting. A potential shortcoming for both of these methods is that the optimization process is done only once at the beginning of the investment horizon and uses deterministic moment matching constraints to immunize the portfolio against interest rate movements. Though the portfolio subsequently need to be frquently rebalanced, this static

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Leisher, Thomas Kai. "Exchange-Traded Funds: The Unknown Investment Opportunity." Wittenberg University Honors Theses / OhioLINK, 2019. http://rave.ohiolink.edu/etdc/view?acc_num=wuhonors1617280855446967.

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Partlová, Zuzana. "Pasivní domy -- význam certifikace a ekonomická návratnost." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-11036.

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In the present time, when prices of energy go up continually, we can hear more and more about the topic of energy-cutting. Important role in this sphere performs low-energy development. Passive houses, which are specific type of low energy houses, cut heat demand significantly. It means marked improvement with the view of energy saving, protection of the environment, but also quality of living. There is no doubt that these constructions bring numerous advantages, as evidenced by ever-growing number of passive houses abroad. Nevertheless, in the Czech Republic are very little passive houses. Pa

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Zormpas, Dimitrios. "Essays on Investment Efficiency and Timing." Doctoral thesis, Università degli studi di Padova, 2018. http://hdl.handle.net/11577/3424964.

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A standard framework for the analysis of investment opportunities in the literature of corporate finance is the real options approach. The real options approach examines the value and timing of investment projects building on the idea that the opportunity to invest in a project is analogous to a financial option on a real asset. This means that, when evaluating an investment opportunity characterized by uncertainty and irreversibility, the potential investor needs to factor in that, at the time of the investment, s/he forgoes the option to postpone the investment decision for some future time

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Ondra, Filip. "Ekonomické posouzení výstavby pasivních a aktivních domů." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2019. http://www.nusl.cz/ntk/nusl-399616.

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This diploma thesis examines the economics of use of technologies linked with low-energy, passive, and active house construction which is presently very often a topic of interest. The goal of the thesis is to evaluate economic effectivity of additional investment into construction materials leading to reduction of heating requirements of the evaluated family house. Furthermore, economics of the use of advanced technologies of ventilation, different heat sources and photovoltaic power plant are assessed. The result is a complex evaluation of different alternatives of the house which makes this

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Ryba, Radim. "Posouzení návratnosti investice do nízkoenergetického nebo pasivního rodinného domu." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2014. http://www.nusl.cz/ntk/nusl-232912.

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The subjects of this thesis are low-energy and passive houses. The main objective is to compare the acquisition costs and operating cost of the low energy and passive houses with conventional construction of houses offering the real estate market, respectively evaluating of investments in energy-efficient buildings. Furthermore, the work focuses on the history, properties and basic problems of designing energy efficient buildings with subsequent by an assessment of the advantages and disadvantages of their implementation. Klíčová slova

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Gajdoš, Nikola. "Posouzení návratnosti investice do pasivního a standardního rodinného domu ve Zlíně." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2018. http://www.nusl.cz/ntk/nusl-377746.

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The aim of this diploma thesis is to evaluate the economic return of the investment in the passive house compared to the standard house. The thesis presents the common problems of passive construction, history, requirements, properties and used materials. The method of assessment is based on the return on initial investment in the passive house. The main part of the thesis focuses on materials with thermal insulating properties and software calculation of annual energy consumption. At the end of the thesis an analysis of energy prices at the time of return was made. The output of the work is t

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15

Wiese, Adelle. "Artikel 9C van die inkomstebelastingwet met spesiale verwysing na aktiewe en passiewe inkomste." Thesis, Stellenbosch : Stellenbosch University, 1998. http://hdl.handle.net/10019.1/50898.

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Thesis (MComm)--Stellenbosch University, 1998.<br>ENGLISH ABSTRACT: In the Fifth Interim Report of the Katz Commission recommendations were made on a number of fundamental tax issues, including the distinction between the source and residence principle. The Commission decided that the source principle should remain but that a distinction between "active" and "passive" income should be made. "Active" income should then be taxed on the source principle and "passive" income on the residence principle. With effect from 1 July 1997 exchange controls for South African residents were softene

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Meinhardt, Christian. "Essays on actively and passively managed financial products." Doctoral thesis, Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät, 2015. http://dx.doi.org/10.18452/17310.

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Diese Dissertation besteht aus fünf empirischen Studien. Zwei Studien befassen sich mit passiv gemanagten Finanzprodukten. Sie untersuchen den Replikationsprozess von Exchange Traded Funds (ETFs) und vergleichen hierbei die Replikationsgüte von synthetischen und physischen ETFs. Oftmals wird darauf verwiesen, dass synthetische ETFs eine höhere Replikationsgüte besitzen als physische ETFs. Dies lässt sich für Renten-ETFs bestätigen, allerdings nicht für Aktien-ETFs. Zudem wird gezeigt, dass ETFs und Indexzertifikate, die sich im direkten Wettbewerb befinden, im Hinblick auf ihre Geldmittelflüss

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Ruber, Lukáš. "Posouzení návratnosti investice do energeticky úsporného a standardního rodinného domu." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2019. http://www.nusl.cz/ntk/nusl-402595.

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The thesis deals with the assessment of the return on economic investment in passive house compared to the low-energy (standard) house. The thesis deals with the issue of passive house, development, conception and division of structural parts including used materials. Their advantages, disatvantages and possibilities of use in construction are briefly discussed. The main part of the thesis focuses on the economic return on investment in passive house. Based on a detailed calculation, the costs for two buildings in low-energy and passive standards are quantified here. The passive standard is ac

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Šošolíková, Jana. "Analýza efektivity VZT systémů rodinných domů." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2016. http://www.nusl.cz/ntk/nusl-240309.

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This Master´s thesis deals with the analysis of the effectiveness of ventilation systems. The key concept of the thesis is HVAC system in buildings with low energy demand. In the most comprehensive chapter are some concepts clarified: air tightness, ventilation, air conditioning, heating and hot water preparation. The aim of the thesis is to define passive house in terms of acquisition and operating costs, including the ventilation system and to make comparison with systems applied in conventional construction with focusing on assessment of effectiveness of ventilation equipment.

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Svobodová, Zuzana. "Studie proveditelnosti rekonstrukce stavebního objektu." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2012. http://www.nusl.cz/ntk/nusl-225442.

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The aim of this work is the explanation of the issue of passive houses and renovation of existing buildings to passive energy standard. Another task of the work is a feasibility study of building renovation of the "Tuzex" for the needs of Center of sustainable construction in Brno. Part of this study is to create a marketing analysis, design of organizational project management, a description of technical solution, impact assessment project on the environment and in particular evaluating the economic efficiency of investment. The result of this work is to evaluate the feasibility of the projec

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Krus, Tomáš. "Posouzení návratnosti investice do pasivního a standardního rodinného domu." Master's thesis, Vysoké učení technické v Brně. Ústav soudního inženýrství, 2017. http://www.nusl.cz/ntk/nusl-316991.

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The aim of this thesis is to compare economic investment in passive houses and conventional construction of a house. Furthermore, this thesis is focused on introducing problematics connected to construction of passive house, main characteristics, differences in used materials including review of advantages and disadvantages of their implementation. Assessment is based on return ability of initial investments generated by lowering operational costs. Main part of this thesis is aimed on compression of costs both before and in use of a house.

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Carvalho, Tiago Lima de. "Asset-liability management in pension funds." Master's thesis, Instituto Superior de Economia e Gestão, 2020. http://hdl.handle.net/10400.5/21054.

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Mestrado em Mathematical Finance<br>Os fundos de pensão têm uma participação representativa nos mercados financeiros, seja considerando o capital investido ou o perfil de escolha de ativos. Nos planos de pensão de benefício definido, o foco é assegurar cobrir os passivos com os ativos existentes. A gestão de ativos e passivos (em inglês ALM) é o conjunto de métodos e ferramentas projetadas com a finalidade de orientar como os fundos devem investir seus ativos a fim de que, em determinada data, seja possível pagar seus passivos. Este conceito é amplamente utilizado em empresas seguradoras e fu

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Maixner, Lukáš. "Posouzení ekonomické efektivnosti nízkoenergetického a pasivního domu." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2016. http://www.nusl.cz/ntk/nusl-240429.

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The aim of this diploma thesis is to assess the economic efficiency of alow-energy and passive construction. This paper presents problems of lowenergy and passive construction, their individual characteristics, classification, construction materials, evaluation methods and opportunities for economic assessment due to the investment costs of implementation objects. The main practical part focuses on comparing the investment and operating costs for the construction of a standard, low-energy and passive house. Together with this are processed simple labels building. The out come of this diploma t

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Іванов, І. О. "Розробка та моделювання адаптивної саморегулюючої системи управління інвестиційним портфелем". Thesis, Одеський національний економічний університет, 2020. http://dspace.oneu.edu.ua/jspui/handle/123456789/12590.

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В першому розділі кваліфікаційної роботи досліджено теоретичні аспекти сутності інвестиційного портфелю та особливостей його формування, визначено найбільш оптимальний підхід щодо класифікації активів, проведено оцінку інвестиційних якостей агрегованих на класи та підкласи активів на основі фінансових інструментів, що їх репрезентують, проаналізовано відмінності між активними та пасивними стратегіями управління інвестиційним портфелем та їх недоліки. В другому розділі проаналізовано існуючі системи управління інвестиційним портфелем, проведено регресійний аналіз факторів впливу на динаміку ак

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König, Michal. "Ekonomická analýza cash flow nízkoenergetických staveb RD." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2014. http://www.nusl.cz/ntk/nusl-227043.

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The subject of my master´s thesis is analysis of the operating costs in households in various energy categories of houses. The theoretical part is focused on passive homes issue where I explained principles and differences of standard constructions. The practical part is based on a concrete example of the differences and the structure of costs. The aim is to confirm or refute the hypothesis, which say that higher investment costs for the construction of low energy buildings could reduce costs and family budgets in the future. They also lead to higher liquidity.

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Fulli-Lemaire, Nicolas. "Stratégies alternatives de couverture de l'inflation en ALM." Thesis, Paris 2, 2013. http://www.theses.fr/2013PA020013/document.

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La disparitions graduelle des peurs liées à l’inflation pendant l’ère de la «Grande Modération» macroéconomique est aujourd’hui chose révolue : la crise financière américaine des «Subprimes», la «Grande Récession» ainsi que la crise des dettes souveraines qui s’en est suivie ont abouti à un nouvel ordre économique caractérisé par une volatilité accrue de l’inflation, un accroissement des chocs dans les prix des matières premières et une défiance envers la qualité de la signature de certains émetteurs souverains pour n’en mentionner que trois caractéristiques. De la réduction des émissions de t

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Erragraguy, Elias. "L'éthique en finance : le cas de l'investissement socialement responsable et de l'investissement islamique." Thesis, Toulon, 2015. http://www.theses.fr/2015TOUL2001/document.

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L’instabilité et le manque de régulation à l’origine des crises financières devenues cycliques ont été des facteurs propices à un questionnement sur l’éthique de la finance. Cette thèse se propose dans un premier temps de s’interroger sur l’épistémologie de la « science financière » et ses attributs normatifs. Cette interrogation nous a permis de mettre en avant les imbrications logiques qu’il existait entre démarche positiviste et posture normative avant de proposer une cartographie du référentiel éthique qui façonne le discours financier. Ce travail théorique a préfiguré les questionnements

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Erragraguy, Elias. "L'éthique en finance : le cas de l'investissement socialement responsable et de l'investissement islamique." Electronic Thesis or Diss., Toulon, 2015. http://bu.univ-tln.fr/userfiles/file/intranet/travuniv/theses/eco_gestion/2015/2015_Erragraguy.pdf.

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L’instabilité et le manque de régulation à l’origine des crises financières devenues cycliques ont été des facteurs propices à un questionnement sur l’éthique de la finance. Cette thèse se propose dans un premier temps de s’interroger sur l’épistémologie de la « science financière » et ses attributs normatifs. Cette interrogation nous a permis de mettre en avant les imbrications logiques qu’il existait entre démarche positiviste et posture normative avant de proposer une cartographie du référentiel éthique qui façonne le discours financier. Ce travail théorique a préfiguré les questionnements

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Rodríguez, Díaz Daniela del Pilar. "Antes NIC 39 ahora NIIF 9: nuevos desafíos para los contadores." Pontificia Universidad Católica del Perú, 2017. http://repositorio.pucp.edu.pe/index/handle/123456789/114754.

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In this paper we will resume the main differences between the application of IFRS 9 «Financial Instruments» to be imperatively implemented in Peru since the commencement of the exercise 2018 with regards to the current IAS 39 «Financial Instruments: Recognition and Measurement», focusing in the classification and measurement of financial assets. Furthermore, a practical analysis will be applied to financial instruments in the investment banking industry.<br>En este trabajo, se busca sintetizar las principales diferencias en la aplicación de laNIIF 9 «Instrumentos Financieros» a implementarse d

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Svoboda, Lukáš. "Studie snížení energetické náročnosti bytového domu." Master's thesis, Vysoké učení technické v Brně. Fakulta stavební, 2014. http://www.nusl.cz/ntk/nusl-226693.

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The goal of the thesis is firstly to get all the information about the initial state of solved block of flats, which is located on the street Merhautova 76/954 in Brno – Černá pole, in terms of constructions, energy consumption and initial state of heating system. In the second part of the thesis, where are discussed the possibilities of reduction of energy consumption, variant drafts of reduction of energy consumption and their financial costs and the choice of optimal variant. Third part deals with assement of solved block of flats in terms of sustainable built environment by using tool to r

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Sham, Tsz Ching Emic. "Determining whether active investment, using a combination of investment styles, out-performs passive investment." Diss., 2014. http://hdl.handle.net/2263/43995.

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The objective of this research paper was to examine the possibility of active investment out-performing the passive investment by using a combination-based investment style for an extensive period. The combination-based style included financial-ratio-based style, market-based style and behavioural-finance-based style in the Johannesburg Stock Exchange during the period from 1984 to 2014. The four-dimension optimisation exercise based on the combination-based style was done in the in-sampling period and the result was tested in the out-of-sample period. The results have confirmed that the combi

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Naidoo, Jayendran. "The comparative performance of active and passive equity-only funds in South Africa." Thesis, 2017. http://hdl.handle.net/10539/23094.

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Thesis (M.M. (Finance & Investment)--University of the Witwatersrand, Faculty of Commerce, Law and Management, Wits Business School, 2017<br>The world has and is still witnessing a tremendous growth in various categories of mutual funds. Active fund managers continue to grow globally with many asking for exorbitant fees for their research and investment services. Equally, passive funds in the form of Exchange Traded Funds (ETF's) and index trackers have also continued to grow. This massive growth does not preclude funds domiciled in South Africa. Passive investments have grown by about 51 perc

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Chen, Ting-Yuan, and 陳定遠. "The Feasibility of Using Stock Index Futures to Replace Passive Equity Investments--Evidence of TAIEX Futures and Taiwan 50 ETF." Thesis, 2016. http://ndltd.ncl.edu.tw/handle/37j6tt.

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碩士<br>國立臺灣科技大學<br>財務金融研究所<br>104<br>For most of people, the concept of futures trading is mostly speculation or hedging, however, the stock index futures was trading in a recognition of some amount of contracts, its' rights and obligations are not much different from trading many kinds of securities or beneficiary certificates. Thus, when the investors want to build a portfolio to track a stock index, they can buy a basket of stocks directly, or can also buy the index tracking ETF, or even can buy the stock index futures. This article is to explore the question: If the investors want to d

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Fonseca, Cláudia Sofia Gouveia. "Gestão activa versus gestão passiva: análise comparativa da performance dos exchange traded funds." Master's thesis, 2012. http://hdl.handle.net/10071/5056.

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O estudo tem como objectivo analisar o comportamento dos Fundos de Investimento tradicionais face aos Exchange Traded Funds (ETF), instrumento recentemente introduzido no mercado e que tem vindo a assumir cada vez mais importância nas preferências dos investidores. Pretende-se verificar se a gestão activa, no caso dos fundos tradicionais, apresenta uma melhor performance face à gestão passiva, no caso dos ETF. A análise incide sobre o mercado Europeu e Americano e procura demonstrar qual das duas estratégias tem sido mais vantajosa para os investidores neste tipo de instrumento, para o

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Santos, José Elísio da Silva. "Hybrid funds: the right mix of active and passive investment strategies?" Master's thesis, 2018. http://hdl.handle.net/10362/35457.

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Hybrid funds have almost quadrupled since 2003. This is puzzling given that prior research has found no evidence of hybrid funds outperforming passive products. Using data on the American market there is evidence of positive alphas and hybrid funds outperforming active funds after fees, mainly given to market timing ability. Hybrid funds trade more when they find short-term opportunities of profit but those that have higher turnover are not the best performing. Finally, there is no conclusive evidence that investors invest more on hybrid funds just because of their classification, withou

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Swartz, Shaun. "Evaluating the performance of active and passive investment funds in South Africa." Thesis, 2020. https://hdl.handle.net/10539/30281.

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A research submitted in fulfilment of the requirements for the degree of Masters of Management in Finance and Investment (MMFI) to the Faculty of Commerce, Law and Management, Wits Business School, University of the Witwatersrand, Johannesburg, 2020<br>This thesis addresses the core debate of active and passive funds in the local and global environment. A key component is whether active managers can use their experience and knowledge to outperform the market. The research makes use of the elements of classical economic theory to formulate a conceptual model. The conceptual model will ass

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CHUANG, HUI-CHING, and 莊惠菁. "Performance Comparison Between Active and Passive Investment Strategies Under Different VIX Volatilities." Thesis, 2018. http://ndltd.ncl.edu.tw/handle/57vxb2.

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碩士<br>國立臺北大學<br>國際財務金融碩士在職專班<br>106<br>This study has collected 5 different fund companies investing in American stocks from 2005 to 2017 as active investing samples, while SPY used as passive investing samples. It explores the performance comparisons between active investing and passive investing under different VIX (Volatility Index). It explores whether the performance of passive investing is better than that of passive investing when the VIX (Volatility Index) fluctuates. Additionally, it explores whether the TED Spread has the same significant impact, aside from the VIX (Volatility Index)

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LIN, WEI-CHI, and 林韋齊. "Establishment and Performance Backtesting of a Passive Trading Strategy for Stock Investment." Thesis, 2019. http://ndltd.ncl.edu.tw/handle/d2u774.

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碩士<br>國立高雄科技大學<br>會計資訊系<br>107<br>This study mainly proves that the passive operation strategies can be applied in the passive goods, which performance is better than the buy-and-hold method. Moreover, the passive operation strategiescan achieve good performance in the stock market, such as individual stocksor ETF. However, the empirical finding indicates that the buy-and-hold method has relatively good results for bull or long-term stock market. In this study, three passive investment methods are adopted for the top 150 stocks and 9 ETFs in Taiwan stock market. The performances are compared w

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Pancheri, Sonia. "PRIVATE INVESTMENT AND ART BETWEEN PASSION AND PHILANTHROPY." Doctoral thesis, 2018. http://hdl.handle.net/10808/25084.

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Klimešová, Iveta. "Aktivně a pasivně řízené akciové otevřené podílové fondy." Master's thesis, 2011. http://www.nusl.cz/ntk/nusl-91513.

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Els, Tilo Udo. "The viability of using markowitz portfolio theory as a passive investment strategy on the JSE." Thesis, 2015. https://hdl.handle.net/10539/25984.

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A research report submitted to the Faculty of Engineering and the Built Environment, University of the Witwatersrand, Johannesburg, in partial fulfillment of the requirements for the degree of Master of Science in Engineering Johannesburg, 2015<br>Markowitz Portfolio Theory (MPT) and related research was studied. Objectives were then formulated around whether an MPT model could outperform the returns of the Johannesburg Securities Exchange (JSE) and other financial instruments such as unit trusts. An MPT model was then created in Matlab using the information learnt from the theory and o

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Opitz, Frederik. "Passive income strategies: impact of Esg factors on the performance of Real Estate investment trusts." Master's thesis, 2020. http://hdl.handle.net/10362/111612.

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Topic –Passive Income Strategies: Impact of Environment, Social, and Governance (ESG) Factors on the Performance of Real Estate Investment Trusts (REITs)Purpose–The purpose of this thesis is to investigate the relationship between the return of US REITs and ESG compliance by considering the investor perspective. Additionally, the thesis will separately examine in detail the implication of the ESG factor. Methodology –The research applies the Capital Asset Pricing Model (CAPM) and Carhart Four-Factor Model to obtain alphas for Best-In-Class and Worst-In-Class portfolios. To co

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HUA, WANG LI, and 王麗華. "The Study Of Investment Strategies And Performance For The Passively Managed." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/44416470664953539229.

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碩士<br>東海大學<br>財務金融學系碩士在職專班<br>100<br>Abstract This study aims to explore the feasibility of the investment strategy of ETF50 Fund will use a single (total) investment transactions, regularly fixed trading rule, double moving average crossover judged the trading rule, a single moving average moving average (the) side to buy into the trading rules combined with periodic fixed, and double moving average crossover judged the trading rules combined with regular fixed trading rule, the six trading strategy to simulate the historical trading data trading operation from June 30, 2003 to December 30,

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Royden-Turner, Stuart Jack. "Asset allocation in wealth management using stochastic models." Diss., 2016. http://hdl.handle.net/10500/22129.

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Modern financial asset pricing theory is a broad, and at times, complex field. The literature review in this study covers many of the asset pricing techniques including factor models, random walk models, correlation models, Bayesian methods, autoregressive models, moment-matching models, stochastic jumps and mean reversion models. An important topic in finance is portfolio opti-misation with respect to risk and reward such as the mean variance optimisation introduced by Markowitz (1952). This study covers optimisation techniques such as single period mean variance optimisation, optimisation w

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Jorge, Ricardo Humberto Dias. "Investir em acções segundo Warren Buffett: caso português." Master's thesis, 2010. http://hdl.handle.net/10071/2900.

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Warren Buffett é um dos investidores mais bem sucedidos nos mercados de capitais dos últimos 50 anos. Segundo o último estudo da revista norte-americana Forbes (2008), Buffett é considerado o segundo homem mais rico do Mundo, com um património acumulado de aproximadamente 38 mil milhões USD. Este estudo tentará replicar o modelo de investimento utilizado por Warren Buffett no Índice PSI-20. Para tal, são comparadas três carteiras de investimentos representativas de diferentes estratégias de investimento, incluindo a estratégia buffettiana. Os resultados apontam para a estratégia de investime

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Hung, Loretta T. S. "Dynamic asset allocation modeling for international investment : a comparison of information-based active strategies versus passive strategies for the EAFE and S&P 500 portfolios." Thesis, 2002. http://spectrum.library.concordia.ca/1645/1/MQ68420.pdf.

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Tactical asset allocation has become popular in asset management since the stock market crash in October 1987. Researchers and practitioners have always promoted the benefits of international diversification. Much research has been done in domestic asset allocation and global asset allocation. However, a portfolio mix between the S&P 500 Index and the MSCI EAFE Index is a novel combination for tactical asset allocation. The objective of this study is to develop a dynamic asset allocation strategy dealing with such an asset mix. A rolling binary logit model is built using the preceding sixty mo

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Ribeiro, Alexandra João Santana. "Performance analysis of portuguese equity mutual funds: indexing vs active portfolio management." Master's thesis, 2011. http://hdl.handle.net/10071/7284.

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The present thesis was done with the objective of analyzing the portfolio management strategies followed by managers of Portuguese Equity Funds, using the PSI Geral as the benchmark. Thus, the quarter returns and compositions of portfolio were used. The market timing ability and the variables that may have influenced tracking error (vs. PSI Geral) were also analyzed. The main conclusion was that just 1 fund managed to put successfully into practice the active portfolio management, obtaining returns above PSI Geral. The same happened with passive portfolio management, where only 1 fund was abl

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Hiepner, Albert James. "A critical review of the source and residence principles of taxation of income : a place for both principles in the South African tax system?" Diss., 1997. http://hdl.handle.net/10500/16948.

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In support of a short dissertation entitled - "A critical review of the source and residence principles of taxation of income : A place for both principles in the South African tax system?" Qbjeetives To review and critically examine the application of the source and reside.nce principles regarding the taxption of income in South Africa, and to reveal the extent of the existence and application of a hybrid tax system in respect of the source and residence principles. To examine the legal principles and policy considerations arising from the existence of a hybrid tax system, inter alia,

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