共同基金

The origin of the fund-management stimulating problem is that the standard of rational agent's activities is utility maximum.But, in the reality, the fund investor and the fund administrator are a kind of consignation and there is information asymmetry. The fund investor wants to make the fund administrator act according to the benefits of the former, but the investor can't observe the investment activity of the administrator directly and in time. He can only observe other variables which are decided by the administrator's activity and other outside uncertain factors.

基金激励问题产生的根源在于理性人的行动都以自身效用或利益最大化为标准，但在现实中，基金投资者与基金管理者是一种委托代理关系且两者之间存在着信息不对称，基金投资者想使基金管理人按照前者的利益选择行动，但投资者不能直接及时地观察管理人的投资行动，他能观察到的只是另一些指标变量，这些变量由管理人的行动和其他外生随机因素共同决定。

Stock mutual funds, according to the Investment Company Institute, whose data doesn't include exchange-traded funds.

据美国投资公司学会称，投资者今年已从美国股票指数共同基金中撤走了46亿美元的资金。

"It is in vested mostly in high-growth mutual funds, which he will convert to bonds and government securities."

这些钱大部分将被投资于高增长的共同基金，他也可以将其转换成公司债券和政府债券。

"It is invested mostly in high-growth mutual funds, which he will convert to bonds and government securities."

这些钱大部分将被投资于高增长的共同基金，他也可以将其转换成公司债券和政府债券。

In October, when the market reached a four-year low, net selling totaled $9.2 billion.

在十月份，共同基金市场达到了近四年来的新低，净卖出共计92亿美圆。

Money in a broadly based mutual funds or a low-cost variable annuity does compound.

在共同基金或低投入可变养老金上的投资。。。

The prospectus gives information needed by investors to make informed decisions prior to investing in a specific mutual fund, variable annuity, or variable universal life insurance.

公开说明书向投资者提供必要的资讯，帮助他们在知悉有关情形之后作出决策，然后决定是否投资於特定的共同基金。

An employee of a securities brokerage who markets the products and investment advice of a brokerage firm is called a registered representative or account executive.

这些证券可能包括股票、债券、共同基金或衍生工具如期权和期货。在证券经纪公司里营销产品和投资建议的员工称为证券经纪人或业务经纪人。

This enlightening book features one-on-one interviews with 20 of the world's leading mutual fund managers representing a variety of different styles-from growth gurus, value masters, bond wizards, and international globetrotters to specialists in such market sectors as technology, healthcare, financial services, and real estate.

这本书启发性的特点进行一对一的访谈， 20个世界领先的共同基金经理人代表各种不同的风格-从增长的权威，价值的主人，债券，奇才队和国际全球的专家在这样的市场领域，作为科技，医疗保健，金融服务，房地产等。

Download prospectuses and semi annual reports for many Fidelity mutual funds .

下载说明书，半年度报告对许多共同基金诚信。

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。

In fact,I've got him on the satellite mobile right now.

实际上 我们已接通卫星可视电话了