Style drift occurs when a mutual fund's actual and declared investment style differs. A mutual fund’s declared investment style can be found in the fund prospectus which investors commonly rely upon to aid their investment decisions. For most investors, they assumed that mutual fund managers will invest according to the advertised guidelines, this is however, not the case for a fund with style drift. Style drift is commonplace in today’s mutual fund industry, making no distinction between developed and developing markets according to studies in the United States by Brown and Goetzmann (1997) and in China as reported in Sina Finance. When style drift presents in mutual fund, the investment information about the fund becomes misleading. Given that in reality, style drift is generally undetected, the information asymmetry of investment information has important consequences for fund investors seeking to maximize fund returns. Researchers such as Brown, Harlow and Zhang (2012) demonstrate that deviated fund tends to become another fund product of different risk returns profile that is not aligned with investor’s initial investment goal. This is supported by a most recent study by Chua and Tam (2020), researchers find that style drift behavior prevents fund managers from picking superior stocks to meet investors' expectation for fund performance. In the same study, Chua and Tam (2020), finds that fund managers have a tendency to use style drift to maximize compensation, which is a demonstration of agency problem in mutual fund industry. (Wikipedia).
From playlist Music.
Poetic motion of a bird in flight set to original music
From playlist My music video's
Universe Time Lapse - Big Bang Theory
How our universe could evolve. However, this is only an artistic speculation, not a scientific simulation. http://kostackstudio.de
From playlist Artistic Works
#Cycloid: A curve traced by a point on a circle rolling in a straight line. (A preview of this Sunday's video.)
From playlist Miscellaneous
Drifters Aftershow | MythBusters
Why does MythBusters look different? Was driving with Conrad scary? How hard was learning to drift? Jamie and Adam answer your questions. | For more MythBusters, visit http://dsc.discovery.com/tv-shows/mythbusters/#mkcpgn=ytdsc1 Watch full episodes! http://bit.ly/MythBustersFullEpisodes
From playlist MythBusters
Available at https://www.shapeways.com/shops/henryseg?section=Continental+Drift+Puzzle (Yes, I know, 3D printing is very expensive in comparison to mass-produced injection molded products. If you are a company interested in mass-producing any of my puzzles or mechanisms, please get in touc
From playlist 3D printing
Francis Filbet: Numerical simulation of the Vlasov-Poisson model with an external magnetic field
Find this video and other talks given by worldwide mathematicians on CIRM's Audiovisual Mathematics Library: http://library.cirm-math.fr. And discover all its functionalities: - Chapter markers and keywords to watch the parts of your choice in the video - Videos enriched with abstracts, b
From playlist Mathematical Physics
EEVblog #210 - Krohn-Hite DC Voltage Standard Teardown & Calibration
A Krohn-Hite MV106J DC Voltage Standard calibrator landed on Dave's bench. What's inside? How does it work? Is it still within spec?, and what's all this (lack of) Kelvin-Varley and LM299 zener reference stuff anyhow? And no adventure in calibration check is complete without a visit to the
From playlist Product Reviews & Teardowns
THEME & CODE: http://goo.gl/IYMwh I continue showing how I design websites in this video tutorial. I really focus in on how to correct errors in a web design. I look for errors using the Developer Tools inside of Google Chrome. I also show you how I make a site work in Internet Explorer
From playlist Wordpress Theme Tutorial
In this video, you’ll learn more about what makes and defines art. Visit https://edu.gcfglobal.org/en/creativity/what-is-art/1/ to learn even more. We hope you enjoy!
From playlist Creativity
ICM 2006 Closing Round Table Are pure and applied mathematics drifting apart? Intervention by John Ball (Slides https://www.mathunion.org/fileadmin/IMU/Videos/ICM2006/tars/table2006_ball.pdf) Intervention by Lennart Carleson (Slides https://www.mathunion.org/fileadmin/IMU/Videos/ICM2006/
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The Greatest Cars of The 20th Century | The Greatest Ever | Spark
Fast paced head-spinning, and informative, Greatest Ever is a top ten count down of the marvels of modern technology. You may not agree, but you'll be grabbed and not let go as our picks are put through their paces in front of our cameras. -- Subscribe to Spark for more amazing science, te
From playlist The Greatest Ever
Mireille Bossy: Particle algorithm for McKean SDE : a short review on numerical analysis
Recording during the CEMRACS Summer school 2017 "Numerical Methods for Stochastic Models: Control, Uncertainty Quantification, Mean-field " the July 18, 2017 at the Centre International de Rencontres Mathématiques (Marseille, France) Filmmaker: Guillaume Hennenfent Find this video and ot
From playlist Probability and Statistics
Ukraine War Spreads to Turkey - The Sea Mine Threat
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From playlist War in Ukraine
Young Voices - Rockstar (Lyrics)
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From playlist Reel Psychology