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Therefore, transaction costs must be considered in security investment,furthermore,haling no consideration of transaction costs might lead to invalid portfolios.

在实际的投资中,无论是买进证券还是卖出证券,都要求投资者支付一定的交易费用,交易费用的支付会影响到投资者最终的收益,因此将交易费用考虑到证券投资组合模型中十分必要;不仅如此忽略交易费用还可能导致非有效的证券组合,而文[1]在证券投资理论研究中没有考虑交易费用。

Accumulators are among a number of structured financial products and derivatives that were sold to investors during headier times, when their downside risk seemed remote, but which are now wreaking havoc on private portfolios and corporate balance sheets amid huge volatility in global financial markets.

累股合约是在市场表现强劲时期出售给投资者的众多结构性金融产品和衍生工具的一种。当时这类产品的下行风险似乎遥不可及,但由于全球金融市场剧烈动荡,它们如今却给个人投资组合和企业资产造成了严重损失。

He carried off his Flora, his copper-plates, his herbariums, his portfolios, and his books, and established himself near the Salpetriere, in a sort of thatched cottage of the village of Austerlitz, where, for fifty crowns a year, he got three rooms and a garden enclosed by a hedge, and containing a well.

他带走了他的《植物图说》、他的铜版、他的植物标本、他的书包和书籍,去住在妇女救济院附近,奥斯特里茨村的一种茅屋里,每年租金五十埃居,有三间屋子和一个围着篱笆的园子,还有一口井。

While in Fama-French three-factor model, portfolios of third industry, greater size and smaller book/market value are affected more remarkably by skewness, compared with other portfolio.

而三因子模型中,偏态对大规模和小B/M值的投资组合有较显著的影响,对第三产业的影响超过其他产业。

As a result, advisers who worry about a collapse sometimes end up constructing portfolios that are not all that different from those of other advisers who are more sanguine about the health of the financial system.

因此,担心市场下跌的投资者往往会放弃对投资组合的建立,这与对金融系统健康运行保持乐观心态的投资顾问并不一样。

Combining the thought of the most prudent estimation principle with the maximum likelihood approach, it is estimated that PD is of the low default portfolios in this paper.

文章将最大谨慎原则的思想与极大似然方法相结合,估计了低违约组合的违约率。

They are going to demand more explanation of what is in their portfolios.

对于投资组合的构成,他们将需要更多的说明。

You can have unlimited number of portfolios.

您可以有无限数量的投资组合。

That is not what investment portfolios are designed to achieve.

这不是投资组合的目标收益水平。

To date, no studies have reported on the use of such portfolios in Taiwan.

台湾目前没有这方面的使用经验的报告。

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Neither the killing of Mr Zarqawi nor any breakthrough on the political front will stop the insurgency and the fratricidal murders in their tracks.

在对危险的南部地区访问时,他斥责什叶派民兵领导人对中央集权的挑衅行为。

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