Investment & Portfolio Management-Free-Samples-Myassignmenthelp

Questions: 1.Identify the major asset classes that are likely to feature in each of the types of managed funds listed below. In addition, propose and briefly justify a typical asset allocation for each type of fund. 2.Identify the major asset classes that are likely to feature in each of the types of managed funds listed below. In addition, propose and briefly justify a typical asset allocation for each type of fund. 3.What is the duration, modified duration and dollar duration of this bond?What will be the estimated price change on the bond if interest rates increase by 0.10 per cent (10 basis points)? 4.Assume that the dividend is expected to grow at 20 per cent for the next 3 years and then settle down to 8 per cent per year. What price would the share sell for today? Answers: 1.Benchmark index for tracking the performance of securities/stock exchange Australia SP/ASX 50 USA NYSA Arca Major market Index Hong Kong Hang Seng Index Japan Nikkei 225 England FTSE 100 China SSE Composite Index Major asset classes and asset allocation Stable fund the stable fund is more conservative investment which is aimed at outperformance of cash and boosting the returns through blending the cash with specific shares. Main goal of various investors are to increase the cash without increasing the considerable risk (Huang, Li Shi, 2016). The major asset class under stable fund is cash that includes term deposits, bank deposits, cash management trusts and cheque and savings accounts. This is suitable for the investors those have the short-term preference and lower risk tolerance level. It offers low and stable risk income, generally in form of the regular payments of interest equally. Under stable fund the potential return as well as the risks both is low. No minimum timeframe is recommended for this fund. Balanced fund the balanced fund invests in the combination of specific selected fixed incomes, shares and the commodity investments in Australia and international market for providing long-term growth without much downs and ups. The major asset class under balanced fund is fixed interest that includes corporate bonds, government bonds, hybrid securities and mortgage securities (Samudhram, Siew, Sinnakkannu Yeow, 2016). It is more volatile as compared to the cash, still it can be considered as relatively stable. It operates generally in the same way of loan. Return on income is normally in form of regular payment of interest for the agreed time period. Recommended time frame for this asset is minimum 1 to 3 years. Under stable fund the potential return as well as the risks both is moderate. Growth fund the growth funds main objective is to offer long term growth of capital through investing in the high quality and large Australian organizations. It offers well-diversified investing portfolio in wide range of the industry sectors. The major asset class under growth fund is property that includes direct investment in commercial, residential and industrial property and the indirect investment like vehicles. It may also include equities that include international equities and Australian equities. Growth funds generally has the high return as well as the risk involved is high (Bateman et al., 2014) The property is of long term nature, generally 7 years or more and the exit and entry cost involved with this is considerably high. The returns under equity fund include the capital loss or growth and the income through the dividends. Further, the equities are considered to be most volatile class of asset over the long term time frame. However, it involves the part ownership for any company that enables the investor to share profits and the future growth. Typical asset allocation Asset class High growth Growth Diversified Socially responsible Balanced fund Stable fund Australian equities 30% 22% 26% 16% 6% International equities 37% 29% 24% 21% 7% Alternatives 28% 28% 26% 28% 29% Fixed income 0% 10% 18% 20% 20% Cash 5% 10% 6% 15% 38% Total 100% 100% 100% 100% 100% Justification for asset allocation For allocating the assets, an active strategy is adopted to avail the advantages from the market conditions through temporary decreasing or increasing the exposures to the particular class of asset. This will help in protecting the investors from the risks of overexposures to the expensive market and get the additional return through increasing the exposures to class of assets while they will be attractive. 2.Taking into consideration the 1st derivative of the bond or any security that offers fixed income, the price (P) with regard to the yield to maturity (R) delivers the following (dP/P) / [dR/(1+R)] = - D Economic interpretation of the above equation is D is the measure of percentage change in price of the bond for the given change in percentage with respect to yield to maturity that is the interest elasticity (Khalil et al., 2014). Further, the above equation can be written as follows for providing the practical application dP = -D[dR/(1+R)] P To be stated in other ways, if the duration factor is known, the change in the bond price owing to the small changes in the rate of interest, R, may be forecasted through the above formula. 3.Duration, modified duration and the dollar duration Duration Duration of the treasury bond of $ 1,000 that is paying the semi-annual coupon rate of 10% per annum and selling at par at present with 11 years of maturity will be as follows Period Cash flow Period*cash flow PV of $1 @ 5% PV of cash flow 1 $ 50.00 $ 50.00 0.95238 $ 47.62 2 $ 50.00 $ 100.00 0.90703 $ 90.70 3 $ 50.00 $ 150.00 0.86384 $ 129.58 4 $ 50.00 $ 200.00 0.82270 $ 164.54 5 $ 50.00 $ 250.00 0.78353 $ 195.88 6 $ 50.00 $ 300.00 0.74622 $ 223.87 7 $ 50.00 $ 350.00 0.71068 $ 248.74 8 $ 50.00 $ 400.00 0.67684 $ 270.74 9 $ 50.00 $ 450.00 0.64461 $ 290.07 10 $ 50.00 $ 500.00 0.61391 $ 306.96 11 $ 50.00 $ 550.00 0.58468 $ 321.57 12 $ 50.00 $ 600.00 0.55683 $ 334.10 13 $ 50.00 $ 650.00 0.53032 $ 344.71 14 $ 50.00 $ 700.00 0.50507 $ 353.55 15 $ 50.00 $ 750.00 0.48102 $ 360.77 16 $ 50.00 $ 800.00 0.45811 $ 366.49 17 $ 50.00 $ 850.00 0.43630 $ 370.86 18 $ 50.00 $ 900.00 0.41552 $ 373.97 19 $ 50.00 $ 950.00 0.39573 $ 375.94 20 $ 50.00 $ 1,000.00 0.37689 $ 376.89 21 $ 50.00 $ 1,050.00 0.35894 $ 376.89 22 $ 1,050.00 $ 23,100.00 0.34185 $ 7,896.74 Total $ 13,821.15 Therefore, the duration will be ($ 13,821.15/$ 1,000) / 2 = 6.91 Modified duration Modified duration = D / (1 + R/2) = 6.91 / (1+ 0.10/2) = 6.581 Dollar duration Dollar duration = MD * P = 6.581 * $1,000 = $ 6,581 Estimated price change if Interest rate increases by 10 basis point that is, 0.10% Estimated price change = - dollar duration * change in rate = - 6,581 * 0.001 = - $ 6.581 Therefore, the new prices will be $ 1,000 - $ 6.581 = $ 993. 419 Interest rate decreases by 20 basis point that is, 0.20% Estimated price change = - 6,581 * - 0.002 = $ 13.162 Therefore, the new price will be $ 1,000 + $ 13.162 = $ 1,013.162 Rate change Estimated price Actual price Error +0.001 $993.419 $993.369 0.099 -0.002 $1,013.162 $1,013.364 -0.203 4.Under constant growth Current price of the share P0 = ?, D = 0.20, g = 0.08, R = 0.16 P0 = D1 / (R g) = $0.20 (1.08)1 / (0.16 - 0.08) = $0.216 / 0.08 = $ 2.7 Share price in 5 years P5 = D6 / (R g) = $0.20 (1.08)6 / (.16 - .08) = $0.20 * 1.587 / 0.08 = $3.9675 Under non-constant growth - The dividend is expected to grow at the rate of 205 for next three years and thereafter it will settle down at 8% per year. Price of the stock at year 3 will be P3 = D3 (1 + g) / (R g) = D0 (1 + g1)3 (1 + g2) / (R g) = $0.20(1.20)3(1.08) / (.16 .08) = 0.373 0.08 P3 = $ 4.666 The stocks price today will be the PV of 1st three dividends plus PV of the year three stock price. Therefore, the stock price today will be P0 = $0.20(1.20) / 1.16 + $0.20 (1.20)2 / (1.16)2 + $0.20 (1.20)3 / (1.16)3 + $4.666 / (1.16)3 = 0.207 + 0.214 + 0.221 + 2.989 = $ 3.631 References Bateman, H., Deetlefs, J., Dobrescu, L. I., Newell, B. R., Ortmann, A., Thorp, S. (2014). Just interested or getting involved? An analysis of superannuation attitudes and actions.Economic Record,90(289), 160-178. Bodie, Z. (2013).Investments. McGraw-Hill. Huang, H., Li, M., Shi, J. (2016). Which matters:Paying to play or stable business relationship? Evidence on analyst recommendation and mutual fund commission fee payment.Pacific-Basin Finance Journal,40, 403-423. Hyman, J., Dor, A. B., Dynkin, L., Horowitz, D., Xu, Z. (2014). Coupon Effects on Corporate Bonds: Pricing, Empirical Duration, and Spread Convexity.The Journal of Fixed Income,24(3), 52-63. Jordan, B. (2014).Fundamentals of investments. McGraw-Hill Higher Education. Khalil, R., Al Horani, M., Yousef, A., Sababheh, M. (2014). A new definition of fractional derivative.Journal of Computational and Applied Mathematics,264, 65-70. Samudhram, A., Siew, E. G., Sinnakkannu, J., Yeow, P. H. (2016). Towards a new paradigm: Activity level balanced sustainability reporting.Applied ergonomics,57, 94-104.

Research Paper Sample Apa: No Longer a Mystery

Research Paper Sample Apa: No Longer a Mystery The Basics of Research Paper Sample Apa Remember though you must be mindful because if it doesn't return in the ideal spot it will mess up your drawing. Your usage of theory also needs to be consistent. If you do lose your place and will need to understand where you're then it's possible to very carefully lift 1 side of the picture off so you may observe the image underneath. Based on your topic, specific examples or literary support might be hard to find. Within the principal text of your thesis or dissertation, you might want to organize the text and data past the standard blocks of text. If you aren't conscious of APA requirements just type in Google (or some other search engine) APA format and you are certain to find lots of results. A shorter paper of a couple pages may just require a single paragraph. There are web sites that could help you finish your paper. 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Are Your Beliefs Our Values Challenged To The Point Of Failure?

Are Your Beliefs Our Values Challenged To The Point Of Failure?Students who wrote a sample essay for college admission believe their beliefs or values were challenged to the point of failure. Sometimes the students write their acceptance letters because they feel they need to write such essays to prove that they are right in their belief systems or values and their values are worth the challenge.Being a successful college student requires a wide variety of different skills including critical thinking, writing, common sense, leadership, perseverance, persistence, ability to communicate, problem solving, organizational skills, and others. These are the skills that are needed to achieve success in any type of academic pursuit. Your college essay sample, if it is the correct one, will be a teaching tool and guide for students throughout their college career.Some students believe their belief systems and values are strong enough to withstand any criticism and challenge. They know that the ir beliefs and values have led them to success and a successful college experience.Others accept that they are wrong and accept the fact that their beliefs are not compatible with college success. The reasons that they accept the fact that they are wrong are mostly negative - 'There is no way I can do it'I am not good enough.' Or perhaps the reason they accept the fact that they are wrong is positive, 'College will change me and give me new life experiences.' These students accept that they are not right and accept the fact that they will not be accepted to college.It is important that the students who write their acceptance letters keep this in mind when writing the essays for the admissions process. While other students write about their mistakes and success stories, the acceptance letter for the wrong students will most likely be filled with critical analysis. Your beliefs or values were challenged; how will you respond?A very important part of writing your acceptance letter for college is to avoid telling yourself you are a failure. Rather, focus on your strengths and abilities. Once you realize that your beliefs and values were challenging, focus on areas of strength that you learned from and areas of strength that you developed yourself.Many times, strong students who are accepted into college are accepted because they took college acceptance seriously. While taking the admission process very seriously, strong students realize that they are not right and accept the fact that they will not be accepted to college and become stronger, knowing that they did everything they could to prove that they were right.Many students who do not have strong beliefs accept that they were not right. In their essays for college admissions, often these students state the obvious, such as, 'I wasn't 'right' in all areas,' or, 'I was 'right' in certain areas and not in others.' The important thing to remember is that you did everything you could not to prove you were right; ta ke the acceptance essay writing experience seriously and accept your beliefs and values were challenged.

Research Paper Topics on Zodiac Signs - What Zodiac Signs Mean

Research Paper Topics on Zodiac Signs - What Zodiac Signs MeanAs a student of psychology, I see a lot of research papers on zodiac signs and birth signs. A great number of these reports are based on very limited information. So if you're a student and you're looking for more information about what the Zodiac Sign positions mean, here are some interesting facts.Zodiac signs have to do with how we see the world around us. The Chinese believed that our souls were located in our 'Chi' and this influenced our appearances and behaviours. I'm sure many people would disagree, but it's an interesting way to look at things.The next section of my research paper topics on zodiac signs is where I'll mention the Japanese-Chinese Mythological system of Five Elements. According to the Japanese, the five elements are metal, wood, water, fire and earth.Another great part of the Japanese system is the Feng Shui placement of each element in the room. Wood can be placed outside and under the light coming from a window while fire can be placed near the front door. We all know how we often have cold winters and summers in the northern hemisphere and the hot dry heat of the desert, but I've never thought about where these elements are located.Most of the cultures of the world, although not all, hold mystical beliefs about the nature of the soul. It's my contention that a soul is immortal and that each one of us has an energy field that's vibrating and it's our job to keep this energetic field protected and in balance. I'll mention this concept in my next research paper topics on zodiac signs.To add to this idea, the Chinese, Japanese and Egyptians believed that light came from the stars which are made up of white wood and gold. According to them, gold lights up our 'Chi' which increases our happiness and is a way of measuring this happiness.According to Chinese Mysticism, the soul is immortal and its energy fields will change depending on the direction it's travelling in. The Chinese believed that you were born in a spirit form and once you die your spirit leaves the body, but you can go back to live again. Another great part of the Chinese belief system is that a person who has lived a lot of lives can reincarnate to a higher position within their family.According to research paper topics on zodiac signs, these ideas are all myth and may not be very realistic. The subject of a soul and its energy fields is a rather important one, but I'll leave it for future research.

Use Of Literary Devices In Julius Caesar free essay sample

Authors use literary devices in their works for a variety of reasons. The same holds true in Shakespeare’s Julius Caesar. The use of these devices has an effect on the plot’s development. Several literary devices can be seen in Julius Caesar, and they all have an effect on the plot. Foreshadowing is a key literary device in the play. We see foreshadowing from the beginning of the play, when the Soothsayer tells Caesar to â€Å"Beware the Ides of March† in Act I, Scene I, which happens to be the day that Caesar is killed. Calpurnia later dreams of Caesar’s death, but he does not heed her warning. this not only tells us what is going to happen, but it also shows us how Caesar’s status and ego are getting to his head. Foreshadowing gives us a hint of what is to come, and can also reflect upon a character or characters. We will write a custom essay sample on Use Of Literary Devices In Julius Caesar or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page A second literary device used in the play is the use of puns. A pun is another element noted early on in Julius Caesar. When Marullus addresses the Cobbler, the pun begins. Cobbler is meant to have two meanings in this dialog the first being a shoemaker, and the second being a bungler. The Cobbler refers to himself as a â€Å"mender of bad soles,† playing with the word â€Å"soles.† Marullus interprets the Cobbler as a mender of â€Å"souls.† The usage of puns adds some light humor to the play as well as reflecting on the characters of the play. This also shows that the so-called â€Å"upper class† can still be fooled by the â€Å"commoners.† The usage of puns adds to the story of Julius Caesar.During Antony’s funeral speech, which is the climax of the play, several literary devices are used, including rhetorical questioning, sarcasm, and repetition. Antony frequently uses the question of Brutus’s honor in killing Caesar to win over the people of Rome. His repetition of â€Å"But Brutus is an honorable man† is used to persuade the people that Brutus has done wrong. His entire speech makes the people think: â€Å"Has Brutus really done a good deed?† It is this use of literary elements which earns Antony the respect and loyalty of the people. This, in turn, shapes the plot later in the play. This is one of the best examples of how literary devices have an effect on the plot in this piece of literature.It is easy to see that literary devices not only make a story more interesting and colorful but also have a direct effect on the plot of the piece. Shakespeare, like any writer, uses these devices in his works. The use of literary devices in literature is a necessity, and it is clear that Julius Caesar is an excellent example of these techniques being used.

Im Terrible at Term Papers! Help!<|endoftext|>

I'm Terrible at Term Papers! Help!<|endoftext|>Why would I be terrible at term papers? Some people are in the same boat. They have trouble with school, but can't just focus on the homework and pull through.If you are suffering from term papers and can't seem to finish them, you need to seek out a solution. I am going to show you how to improve your grades in class and pull yourself out of this rut.Some people suffer from severe anxiety that can cause them to suffer from extremely low grades in term papers. This can cause a great deal of stress, because you need to be able to move forward without worrying about all the things that go along with school.Unfortunately, you can experience low grades and fear over other things, because you can't concentrate on the paper, even though you may have problems with the material being presented. Here are some tips that can help you overcome your problems:First, you have to learn to feel good about doing things. This means you have to feel g ood about taking the test. The good news is that as you practice more, you will be able to do well.Second, make sure that you don't get too caught up in all the stressful situations in the school. You are testing, and if there is not something stressful about that situation, it is unlikely that you will be struggling with it.Last, when you are stuck on a problem or answer in term papers, you need to do the necessary preparation for it. Preparation is a skill that can take a few weeks, but it is a skill that can lead to a much higher grade in the end.

Dolomite Touché Essay Example

Dolomite Touchà © Essay Example Dolomite Touchà © Essay Dolomite Touchà © Essay Managing Diversity for a Competitive Advantage we need to answer the following questions: 1. How did the problems at Dolomite Touchà © occur in the first place? 2. Did their changes fix the underlying problems? Explain. 3. What other advice would you give their managers? In answering these questions we need to distinguish between the role of human resource manager and line managers. I believe the problem started in what had at that time been a male dominated profession, where female employees may have been looked down as inferior employees. On top of this you have the complication of a work environment where there is little advancement, over all there is Just so many partners in a firm. Even a further issue is family issues that can effect a female employee over a male one, where a man may continue to work during and after a pregnancy a female will loose some time. With all these factors in place these set up the problem to occur. When looking at the changes Dolomite Touchà © made to fix their problem we can easily see that the changes did In fact have a favorable impact. But did It flax the underlying problem? In my opinion I believe It did, Dolomite Touchà © made changes that made the work environment much better suited for female employees. They made an environment where they allowed flexible work schedules, career planning for woman, and workshops for those In management positions. I am not sure there Is any further advice I could give the managers other then what was provided by Dolomite Touchà ©. If I was to Impart any thing to them would be that It Is Important to realize that male and female brains, emotions, and experiences are very different from each other. What works for one may not work for the next.