TAILIEUCHUNG - GHANA POVERTY REDUCTION PROJECT/ SOCIAL INVESTMENT FUND

This paper studies portfolio strategies that invest in equity mutual funds, incorporating predictability in (i) manager selectivity and benchmark timing skills, (ii) fund risk loadings, and (iii) benchmark returns. Ultimately, we provide new evidence on the promise of equity mutual funds by assessing both the ex ante investment opportunity set and the ex post out- of-sample performance delivered by predictability-based strategies. Our framework for forming investment strategies builds on methodologies developed by Avramov (2004) and Avramov and Chordia (2005b). We do bring several methodological contributions, however, especially in modeling manager skills. . | AFRICAN DEVELOPMENT FUND REPUBLIC OF GHANA GHANA POVERTY REDUCTION PROJECT SOCIAL INVESTMENT FUND PROJECT COMPLETION REPORT OPERATIONS COUNTRY DEPARTMENT CENTRAL AND WEST AFRICA FOR SOCIAL DEVELOPMENT JUNE 2006 TABLE OF CONTENTS Acronyms Abbreviations Executive Summary Basic Project Data Retrospective Project Matrix ii - xiv 1. 2. PROJECT OBJECTIVES AND Project Project Preparation Appraisal Negotiation and Project 3. PROJECT Effectiveness and . Modifications .3 . Implementation Schedule .3 Reporting .4 Procurement .4 Financial Sources and 4. PROJECT PERFORMANCE AND Overall Operating Management and Organisation Conditions and Financial 5. SOCIAL AND ENVIRONMENTAL Social Environmental 6. PROJECT 7. PERFORMANCE OF THE BANK AND THE Performance of the Performance of the 8. OVERALL PERFORMANCE AND 9. LESSONS LEARNT CONCLUSIONS AND Lessons This Project Completion Report was prepared by Ms. Nina Okagbue Principal Health Analyst Mr. Jason Mochache Senior Architect Ms. Sunita Pitamber Principal Socio-Economist Consultant Institutional Development Expert and Consultant Architect following their mission to Ghana in July 2005. Additional enquires on this report should be addressed to Mr. M. Youssouf Manager Ext. 2110 ii LIST OF TABLES Page Number Table 1 Implementation Schedule Appraisal vs. Actual. 3 Table 2 Final GPRP SIF cost by components. 4 Table 3 Cost by categories. 5 Table 4 Sources of finance showing yearly disbursement. 5 Table 5 Annual ADF disbursement. 6 LIST OF ANNEXES Annex 1 Map of Ghana showing districts of GPRP SIF operations. 12 .

TAILIEUCHUNG - Chia sẻ tài liệu không giới hạn
Địa chỉ : 444 Hoang Hoa Tham, Hanoi, Viet Nam
Website : tailieuchung.com
Email : tailieuchung20@gmail.com
Tailieuchung.com là thư viện tài liệu trực tuyến, nơi chia sẽ trao đổi hàng triệu tài liệu như luận văn đồ án, sách, giáo trình, đề thi.
Chúng tôi không chịu trách nhiệm liên quan đến các vấn đề bản quyền nội dung tài liệu được thành viên tự nguyện đăng tải lên, nếu phát hiện thấy tài liệu xấu hoặc tài liệu có bản quyền xin hãy email cho chúng tôi.
Đã phát hiện trình chặn quảng cáo AdBlock
Trang web này phụ thuộc vào doanh thu từ số lần hiển thị quảng cáo để tồn tại. Vui lòng tắt trình chặn quảng cáo của bạn hoặc tạm dừng tính năng chặn quảng cáo cho trang web này.