assets portfolio 中文意思是什麼
assets portfolio
解釋
資產投資組合-
The thesis, somehow, is a summary, which expounds the main contents of traditional portfolio theory ( tpt ) and mpt, also gives a comparison between tpt and mpt ; analyses two aspects of markowitz theory, one is the effects of risk disperses and the demonstration, the other is how to make an optimal portfolio strategy ; researches into capital assets pricing model ( capm ), factor model ( fm ) and arbitrage pricing theory ( apt ) respectively in three parts ; studies another two parts, one is the premise of mpt, which is the efficient market hypothesis ( emh ), the other analyses the behavior finance theory ( bft ) produced in the background of challenging and querying to emt and capm. the thesis finally discusses the researching and applying prospects of mpt in china
論文對現代資產組合理論與傳統資產組合理論分別進行了分析，並對兩者進行了比較研究，對馬克維茨的均值? ?方差理論從資產組合風險分散效應和最優資產組合選擇兩方面進行了重點分析，對資本資產定價模型、因素模型、套利定價理論進行了一定深度的分析和研究，對現代資產組合理論的前提假設? ?有效市場理論及在對有效市場理論和資本資產定價模型形成挑戰和質疑背景下提出的行為金融理論進行了論述，論文最後分析了現代資產組合理論在我國的研究及其應用的廣闊前景。 -
This foundation of the avail of risk - benefit portfolio of stock risk - benefit of assets has the benefit of the future prosp
該存量資產的風險?收益組合效用的基礎是其具有的未來可預期的收益。 -
Specially, based on risk - metric and factor variables, the author discusses multi - factor asset pricing model. in theoretical analysis, the author attempts to release the assumption of index ' s random walk, proves a portfolio selection model suitable for the linear index level moreover, based on assets un - exchangeable, the author brings forward asset pricing models for b - shares, h - shares and non - circulated - shares. the author also brings forward multi - factor asset pricing model based on risk - metric indices, such as coefficient of beta, standard variance, standard semi - variance, average absolute deviation, value at risk, and factor variables, such as circulated market equity, exchange ratio, short - term historical return
在理論分析時，作者嘗試放鬆指數水平滿足隨機遊走過程的假設，推導出指數水平呈線性趨勢的資產組合選擇模型；此外，作者基於資產不可交易這一假設，提出了b股、 h股和非流通股等情形的資產定價模型，並基於系數、標準差、標準半方差、平均絕對離差和風險價值等風險度量指標以及流通市值、換手率、短期歷史收益率等因素變量提出了四因素資產定價模型。 -
Portfolio investors usually buy foreign assets because they like an individual security, not on the basis of expected currency movements
資產組合投資者經常購買外國資產，這是因為他們喜歡個人證券，而不是因為預測到了貨幣運動的方向。 -
On multi - factor portfolio model with holding of risk - free assets allowed
允許持有無風險資產多因素投資組合模型研究 -
Allocation of invested funds between risk - free assets and the risky portfolio
是指投資基金在無風險資產與有風險資產組合之間的配置決策。 -
The majority of the assets in the portfolio are invested in interest - bearing securities with high liquidity and credit quality, such as us treasuries
組合中的大部分資產均投資於美國國庫券等流通性和信貸素質均屬于高水平的計息證券。 -
This will effect the active management of substantial investment assets previously held passively in the hedge portfolio
這項安排實際上是要以更進取的管理方式來取代過去對沖組合的被動性投資管理策略。 -
“ capital account transactions ” refer to the increase and decrease of assets and liabilities in the balance of payments as a result of the inflow and outflow of capital ， including direct investment ， loans and portfolio investment etc
七） 「資本項目」是指國際收支中因資本輸出和輸入而產生的資產與負債的增減項目，包括直接投資、各類貸款、證券投資等。 -
It is intended that the underlying investments made will be on a diversified basis. up to 40 per cent of its portfolio will be indirectly invested in equities and equity - related investments, with the remainder of the assets being indirectly invested in bonds, deposits and other investments as permitted under the mpf schemes regulation
穩健基金旗下的投資項目將作分散投資，旗下投資組合最多40 %間接投資于股票及與股票有關的投資，其餘資產則間接投資于債券存款及強積金計劃規例準許的其他投資。 -
The group will continue to maintain a well - balanced portfolio of assets and earnings base which is attuned to market environment and development, and to monitor its recurrent income base and financial performances with a view to maximize shareholders returns
本集團將繼續維持均衡的資產組合及盈利基礎，並配合市場環境及發展作出調度。本集團會繼續監察其經常性收入基礎及財務表現，務求為本公司股東締造最豐厚回報。 -
Since the securities investment fund was first come up on march in 1998, it has six years development. till february 2005, there have been 124 securities investment fund published. even though the securities investment funds are developing fast, but the research about appraisal of the securities investment fund was only the first stage. some scholars attempted to do this thing, and some securities company also have reports about evaluation of securities investment fund, but there are not any feasible 、 fair 、 authorities methods and standards to evaluate of securities fund, and even any reliable evaluation outcomes are never published. the published information is only net value to be often know, the information about assets, liabilities, operation, portfolio can be known by annual reports and quarterly reports. published information on funds is defect, all these things make the investors know little about the funds, and even feel it mysterious, the result is to hinder the development of the fund. however, in the foreign countries, the ordinary investors often use funds as the investment tools. the evaluation outcome of securities investment fund is published everyday for the investors. to the fund managers, they must scientifically appraise their performance periodically or non - periodically, through this way, they can make asset of funds stable increase at long term. in a word, the scientific funds evaluation is very important to both the investors and the managers
二、研究目的基金業績評價研究是促進基金業健康發展的重要環節。建立一套完備的基金業績評價體系無論對投資者和基金管理公司，還是市場監管部門都具有非常重要的意義。對于投資者而言，通過分析基金的業績，可以獲得基金投資操作的準確信息，從而能及時調整投資策略，做出正確的投資選擇，避免盲目跟從一些不實資訊而遭受損失;對于基金管理公司而言，建立科學的基金業績評價體系，不僅可以對基金經理的努力程度和業績水平給出具體的量化評價，還可以依此來分析所實施的投資計劃是否達到或超過了投資目標，發現投資計劃的不足，判斷基金投資策略在市場中的適應能力，總結管理成功的經驗，提高公司的經營管理水平;對于監管部門而言，則可以通過建立 -
As portfolio director i ' m in charge of managing assets worth about ? 50m ( ? 300m )
作為資產組合總監，我負責管理價值約4 . 5億歐元的資產。 -
The ratio was expected to fluctuate over time as circumstances changed, and it was appropriate to consider whether assets should be transferred into or out of the backing portfolio if the ratio reached certain pre - determined trigger points
預期這個比率會隨著情況改變而出現波動，因此應該考慮是否需要在比率達到某個預先設定的觸發點時，安排把資產撥入支持組合或從支持組合撥?資產。 -
Following, making development study from the three directions : the first one is how to reduce calculation when to use markowitz model. this text has improved the efficient frontier of markowitz model utilizing free risk assets, and reduced calculation about revenue rates " co - variance matrix utilizing single or multiple factors, and so on. the second one is to add thinking factors about, such as transaction fee, fund limitation, lowest transaction unit ' s limitation, risk measures and exchange rate risk of international portfolio securities, so as to make markowitz model closer to our country ' s practice
接著，分三今方向對markowitz模型進行了拓展研究：第一個方向是運用markowitz模型時如何減少計算量，本文利用無風險資產來改進markowitz模型的有效邊界，利用單因子或多因子模型來減少收益率協方差的計算量等等；第二個方向是增加考慮因素，諸如交易費用、資金限制、最小交易單位限制，風險測度和國際組合證券的匯率風險，使markowitz模型更貼近我國的實際；第三個方向是對markowitz模型進行動態拓展研究，提出了將證券收益率看成是隨機序列時的投資決策模型，深入研究了m ? v有效邊界隨資產品種數增加而發生的漂移，並用解析方法和幾何圖形描述了漂移的軌跡和方向。 -
The author uses three classical portfolio theories, portfolio selection, capital assets pricing, arbitrage pricing and the economics together with the operational procedures to create a new portfolio method which is to construct a high level portfolio first, then a low level one and finally combine them into a two - folded portfolio. the author in this dissertation makes an application of the new method over the capital market to show its advantages in use
本文針對現代投資組合理論方法的不足，並在系統梳理三大投資組合理論的基礎上，融進現代經濟學理論，結合實踐中的具體操作步驟，將現代投資組合理論方法分解為：先構建高層次類別的投資組合，然後建立低層次類別的投資組合，最後復合成二重投資組合，通過在資本市場上的理論應用，旨在說明二重投資組合理論方法具有的優勢所在。 -
Secondly, this dissertation introduces the operation principles of kmv and creditmetrics models, and emphatically probes into how the models to measure credit risk of assets portfolio, and analyses the applications in credit asset pricing, the investment decision based on var and the supervision by using internal credit risk measurement models, and advances creditmetrics model based on conditions of china ' s commercial banks, and studies fundamental conditions, limited conditions, and how to use moutun ' s pricing model testing results of creditmetrics model
接著對kmv模型和creditmetrics模型的運作原理進行了介紹，並重點探討了模型是如何對信用資產組合的信用風險進行度量，以及對信用資產定價、基於受險價值的投資決策以及利用內部信用風險度量模型進行監管等方面作了分析，提出基於我國商業銀行信用風險實際的creditmetrics模型，分析了該模型運用的基本條件和限制條件以及如何使用默頓定價模型對creditmetrics模型分析結果進行檢驗。 -
Securitization of leases and leased assets portfolio
租賃協議及租賃資產組合證券化 -
Through introducing the theory of security portfolio and assets portfolio, this article points out that on the basis of decreasing the risk love, under the precondition of without increase of risks, life insurance companies can effectively rise their earning ability and avoid occurrence of solvency risk by expanding investment channel and investment diversification
本文通過引入證券投資組合及資產投資組合理論，指出在降低保險人風險偏好程度的基礎上，適當地拓寬投資渠道，進行分散投資可以在不增加風險的前提下，有效地提高壽險投資的收益水平，從而避免償付危機的產生，使壽險公司真正發揮出其應有的作用。 -
The forepart theories studying about the investors " behavior in the securities market are the classical financial theories as efficient market hypothesis ( emh ) and modern assets portfolio theory ( apt ). but some abnormal phenomenon in the securities market could n ' t be explained by those classical financial theories. the rational man hypothesis and valid market theory are especially wildly oppugned
而早期研究證券市場投資者行為主要是有效市場假說（ emh ） 、現代資產組合理論（ apt ）等經典金融理論，但證券市場中的一些異常現象卻無法用經典金融理論來解釋，尤其是經典金融理論中的理性人假設和有效市場理論更受到廣泛質疑。
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