tailieunhanh - THE ROLE OF MUTUAL FUNDS IN THE INVESTMENT PROCESS IN THE CARIBBEAN

Current investment management practice typically assumes that the OE portfolio is defined by the fund manager’s investment “style.” Roughly, style refers to a subset of the investment universe in which a manager is constrained to operate, such as small capitalization stocks versus large stocks, or “value” versus “growth” firms. The style con- straint may be a self-declared specialization, or it may be imposed on the manager by the firm. This leads to the idea of “style expo- sures,” analogous to the risk exposures implied by the multiple-beta asset pricing models. In this approach the OE portfolio has the same style exposures as the portfolio to be evaluated | --- THE ROLE OF MUTUAL FUNDS IN THE INVESTMENT PROCESS IN THE CARIBBEAN Presented by ----- Mr. Clarry Benn Executive Director Trinidad and Tobago Unit Trust Corporation OUTLINE Players in the Regional Mutual Funds Industry Funds under Management Types of Funds on offer to Investors Recipients of mobilized funds of the Mutual Fund Industry Primary Beneficiaries 05-May-2003 The Role of Mutual Funds in the Investment Process in the Caribbean 2 THE REGIONAL MUTUAL FUND .

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