scholarly journals The analysis of investment into industries based on portfolio managers

2021 ◽  
pp. 161-170
Keyword(s):  
Mutual Funds ◽  
Portfolio Management ◽  
Investment Strategy ◽  
Joint Stock Company ◽  
Stock Company ◽  
Expected Return ◽  
Government Bonds ◽  
Self Interest ◽  
Portfolio Managers

The main goal of each investor when investing capital is to recover funds. The current market brings unlimited opportunities in creating an investment strategy. This strategy is highly dependent on the investor's preferences, his attitude to risk, financial capacity, expected return, self-interest, and many other factors that determine what is best for the investor. For this reason, the submitted work concerns investors who will comply with strict restrictions. In this way, an investment strategy for a selected group of investors can be created. The paper focuses on investors in Slovakia. The art of investment decisions to make the greatest possible return is portfolio management. The studies presented in this work are designed to explore different models and to achieve investor goals to maximise their investment and minimise risk. Investing is a systematic and long-term process where the investor gives up part of his free funds to increase their value and collect the return for them in the future. Investing is effective only if it follows certain rules. Sending a monthly deposit with iron regularity is, in the event of a recession and crisis, the only guarantee of achieving the desired future goal of investing. Mutual funds are a simple way of collective investment, where a person collects money from investors and invests in various assets such as stocks, government bonds, currencies, commodities. Profits from the investment are distributed to all investors who contributed to the fund. These funds are professionally managed by investment specialists based on their market knowledge. A share is equity security representing an equity interest in a joint-stock company. Monetary policy and financial stress significantly affect the ability of the actively managed fund's performance vis-a-vis ETFs performance. This fact must be stated as this is a limitation of the analysis in the presented paper.

The Bubble Act: Its Passage and Its Effects on Business Organization

1994 ◽  
Vol 54 (3) ◽  
pp. 610-627 ◽  
Author(s):  
Ron Harris
Keyword(s):  
Turning Point ◽  
Direct Evidence ◽  
Economic Effects ◽  
Joint Stock Company ◽  
Stock Company ◽  
Short Term ◽  
Dominant Position ◽  
South Sea ◽  
Conversion Scheme

By surveying contemporary sources this article reveals direct evidence for the involvement of the South Sea Company in the passage of the Bubble Act. The dominant position of the Company and of its national debt conversion scheme in the affairs of England in 1720 support the conclusion that the act was in fact a piece of special-interest legislation for the Company. The short-term interest that motivated the enactment, together with the limited legal and economic effects of the act, minimized its significance as a turning point in the long-term development of the English joint-stock company.

scholarly journals FORESIGHT AS A TOOL OF TECHNOLOGICAL PLANNING IN THE MANAGEMENT OF PUBLIC JOINT STOCK COMPANY “GAZPROM” IN THE ERA OF DIGITALIZATION

2020 ◽  
pp. 54-62
Author(s):  
V. V. Degtyareva ◽  
D. A. Lozhnikova
Keyword(s):  
Big Data ◽  
Strategic Planning ◽  
Technology Assessment ◽  
Semantic Analysis ◽  
Graphical Model ◽  
Joint Stock Company ◽  
Stock Company ◽  
Technological Developments ◽  
Information Input

The issues of presenting the basic prerequisites for forecasting and planning tools for managing an organization based on the foresight method, – have been highlighted. The strategic planning mechanism of PJSC Gazprom has been described, the place of foresight research in the formation of a long-term strategy has been reflected, and interaction with the innovation environment has been reflected. Five stages of foresight research and their filling have been presented. The sequence of stages of foresight research has been described. A generalized picture of collecting the necessary information for conducting a foresight study and forming a pool of experts from the preliminary registry on thematic selected areas has been presented. A list of criteria for assessing the prospects of technologies, as well as the sequence of their selection in accordance with the system of prospects indexes of technological developments for further updating the organization’s strategy, – has been considered. A graphical model of the results of technology assessment for their use in the strategic planning of the organization. A digital model that makes a decision on the choice of the necessary technologies based on semantic analysis of big data – IFORA has been considered. A comparison of information input and applied methods has been made. When preparing the article, such research methods as analysis, synthesis, and generalization were used.

scholarly journals Global Portfolio Diversification and Equity Market: Evidence from Trading Partners of Pakistan

2018 ◽  
Vol 6 (1) ◽  
pp. 20-34
Author(s):  
Muhammad Husnain ◽  
◽  
Ume Habiba ◽  
Shahnaz Arifullah ◽  
Izhar Muhammad ◽  
...  
Keyword(s):  
Portfolio Management ◽  
Equity Markets ◽  
Equity Market ◽  
Portfolio Diversification ◽  
Weekly Basis ◽  
Policy Makers ◽  
Trading Partners ◽  
Portfolio Managers ◽  
Asset Classes

The influential work of Markowitz (1952, 1959) provides foundation to modern investment philosophy. Investors can reap the potential benefit of portfolio diversification only if the involved asset classes in investment basket are not perfectly correlated. Objective of this study is to empirically investigate the cointegration among equity market of Pakistan and its major trading partners (China, France, Germany, Hong Kong, Japan, Korea, Malaysia, UK and USA). Sample period of study starts from 2004 to 2015, on weekly basis. Bivariate cointegration (Johansen, 1991, 1995) analysis reveals that equity market of Pakistan has no long term relationship with any of the equity markets of its major trading partners. Therefore, we recommend to potential investors, portfolio managers, and policy makers that prospective benefit of portfolio diversification can be achieved by investing in the equity markets of major trading partners of Pakistan. Further, they should be vigilant regarding the co-movement among equity markets during portfolio management decisions.

scholarly journals The role of modern methods for intravascular visualization of coronary arteries in diagnostics and treatment of coronary heart disease in the employees of the Russian Railways joint stock company related to train movements.

2018 ◽  
Vol 95 (11) ◽  
pp. 1001-1006
Author(s):  
Z. Kh. Shugushev ◽  
Olga A. Prishchep ◽  
D. A. Maksimkin ◽  
A. G. Faibushevich ◽  
G. I. Veretenik
Keyword(s):  
Coronary Arteries ◽  
Study Groups ◽  
Diagnostic Techniques ◽  
Joint Stock Company ◽  
Stock Company ◽  
Survival Index ◽  
Group 2 ◽  
Group 1

The aim of this study was to show the importance of modern non X-ray diagnostic techniques of coronary arteries for diagnosis and treatment of CHD. Material and methods. 110 patients, who took part in the study, were divided into two groups according to their coronarography: group 1 - patients with intermediate coronary stenosis (n = 80) and group 2 - patients with normal coronary arteries (n = 30). All patients of group1 underwent FFR measurement in the magistral arteries. On the base of FFR value the second group was conventionally divided into two subgroups: Ia (47.5% patients) - with a positive FFR value (≤0,8), in which the lesion was considered functionally significant and responsible for ischemia, and Ib (52.5% patients) - with a negative FFR value (>0,8). In the case of positive FFR value patients underwent IVUS-guided PCI. Results. Survival index free of MACE and readmissions was not significantly different in the group II and subgroup Ib and were 100 and 95.2%, respectively (p > 0.05). A comparison of this index in the subgroups Ia and Ib was no significantly different (97.3% and 95.2%, respectively, p > 0.05). The rate of restenosis in the Ia subgroup, which required re-intervention, was 2.7%, which corresponds to the data in the literature. Late stent thrombosis was not revealed. Conclusions. Survival index free of MACE and readmissions is not different in the long-term period in the study groups.

Long-term Portfolio investment: New insight into Return and Risk

2015 ◽  
pp. 54-77
Author(s):  
A. Abramov ◽  
A. Radygin ◽  
M. Chernova
Keyword(s):  
Portfolio Management ◽  
Traditional Approach ◽  
Investment Strategy ◽  
Strategy Development ◽  
Investment Horizon ◽  
Investment Strategies ◽  
Fixed Income ◽  
Portfolio Rebalancing ◽  
Holding Period

The article examines the influence of investment horizon increase on comparative advantages of main asset classes and on the principles of investment strategy development. Unlike in the traditional approach of portfolio management theory, the study shows that for long-term investments corporate bonds have the advantage over equity in terms of return-risk tradeoff. This fact argues in favor of the fixed-income oriented (including infrastructure bonds) investment strategies for pension funds and institutional investors. The article draws special attention to the importance of regular portfolio rebalancing for long-term investors. In this case the variation of returns decreases and the variation of risks increases with the holding period. Consequently, with horizon increase a long-term investor should allocate more assets in the low-risk financial instruments in order to keep a certain level of return-risk tradeoff. This argument becomes increasingly important for the purposes of pension savings management.

scholarly journals ANALYSIS OF DEPOSIT PORTFOLIO FORMATION OF A COMMERCIAL BANK

2021 ◽  
Author(s):  
Oksana Horbachova ◽  
Keyword(s):  
Commercial Bank ◽  
Commercial Banks ◽  
Main Part ◽  
Economic Indicators ◽  
Joint Stock Company ◽  
Stock Company ◽  
International Bank ◽  
Investment Resource ◽  
Banking Institution

The main part of the bank's resources is formed by attracting customers' funds to deposit accounts, and their amount, in turn, depends on the effectively planned policy of the bank. The possibility of active operations depends on the volume and structure of borrowed funds by a banking institution. In the context of financial and economic and pandemic crises, the analysis of the structure of attracted resources becomes important, namely: the formation of the deposit portfolio of commercial banks, taking into account the use of long-term deposits as a future investment resource. The essence and significance of deposit activity of a commercial bank are analyzed. The peculiarities of the formation of the deposit portfolio of a commercial bank are determined. The financial and economic indicators of the deposit activity of the First Ukrainian International Bank Joint-Stock Company are analyzed. The analysis of the bank's deposit programs was performed.

scholarly journals Financial and Economic Performance of the Russian Railways in the Context of Reform

2019 ◽  
Vol 23 (3) ◽  
pp. 49-63
Author(s):  
D. A. Macheret ◽  
N. A. Valeev
Keyword(s):  
Economic Performance ◽  
Practical Importance ◽  
Sustainable Growth ◽  
Economic Indicators ◽  
Operating Costs ◽  
Optimum Level ◽  
Joint Stock Company ◽  
Stock Company ◽  
Public Authorities

The performance of companies in the real sector of the economy is highly relevant for the economic development of the country. The Joint Stock Company “Russian Railways” (the JSCo “RZD”) occupies a special place in the Russian economy, since it does 45% of the total cargo turnover and more than 25% of passenger traffic in the country. The aim of the article is to identify trends in key financial and economic indicators of the Russian railways in the context of the structural reform of the industry. The objective of the study is to develop a methodology for the long-term management of the financial and economic performance of the railways, as well as recommendations for its sustainable growth. The authors analyzed the financial and economic performance of the JSCo “RZD” for 15 years. They used the analysis of time series, logical and analytical method, as well as benchmarking — comparative analysis based on reference indicators. It is shown that with a low but positive profitability, the company’s financial and economic situation can be improved. The authors reviewed the dynamics of the operating costs ratio, whose value has an excessively high level in the JSCo “RZD”. To identify ways to achieve the optimum level of operating costs ratio, an analysis of financial and economic indicators of the US railway companies was conducted. The factors contributing to the systematic improvement of the operating costs ratio were revealed. Among them are: increase in the JSCo “RZD” market opportunities and their competent use based on flexible adaptation to market conditions and changing customer needs; attraction of private and private-state investments. On this basis, the following actions are proposed for improving the financial and economic indicators of the JSCo “RZD”: monitoring of the operating costs ratio; developing a scenario program to improve the long-term competitiveness and effectiveness of the Russian Railways for the period of 2025–2035. The materials of the article are of practical importance and can be used by public authorities, transport companies, as well as for the educational purposes.

scholarly journals Portfolio performance evaluation of mutual funds in the Republic of Serbia

2020 ◽  
Vol 15 (2) ◽  
pp. 295-318
Author(s):  
Miljan Leković ◽  
Milena Jakšić ◽  
Dragana Gnjatović
Keyword(s):  
Mutual Funds ◽  
Portfolio Management ◽  
Market Timing ◽  
Portfolio Performance ◽  
Market Portfolio ◽  
Active Portfolio Management ◽  
Timing Ability ◽  
Portfolio Managers ◽  
The Republic ◽  
Research Show

The paper evaluates the performance of open-end mutual funds in the Republic of Serbia in the period 2011-2015, using various modelling approaches based on different models. The aim of this paper is to examine the theoretical, methodological and empirical validity of active portfolio management of mutual funds and to assess the presence of selection and timing abilities of Serbian portfolio managers. The results of the empirical research show that the active portfolio management of mutual funds in the Republic of Serbia has not been successful in terms of outperforming the market. Portfolio managers of most Serbian mutual funds lack the ability to choose profitable securities and do not have market timing ability.

Studying Demand for Institutes of Corporate Governance: Legal Aspects

2003 ◽  
pp. 50-61 ◽  
Author(s):  
T. Medvedeva ◽  
A. Timofeev
Keyword(s):  
Corporate Governance ◽  
Legal Aspects ◽  
Joint Stock Company ◽  
Federal Law ◽  
Stock Company ◽  
Open Joint Stock Company ◽  
Open Joint ◽  
Market Relations ◽  
Corporate Legislation

The article analyzes legal aspects of institutes of corporate governance. Different draft laws "On Joint-Stock Companies" are considered which reflected interests of separate groups of participants of market relations. Stages of property redistribution are outlined. The advantages of the model of the open joint-stock company are formulated. Special attention is paid to the demand for legal institutes of corporate governance as well as to the process of accepting the Federal Law "On Entering Amendments to the Federal Law "On Joint-Stock Companies"" which was enacted in 2002. The article contains proposals directed at improvement of corporate legislation.

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