This study investigates the association among management fees, ESG scores, and investment performance of ESG funds in China. It explores the significance of comprehending the cost-benefit analysis and long-term yields associated with sustainable investing. The investigation specifically...

In Our Lives in Their Portfolios, Brett Christophers provides an account of the rise of 'asset manager society' - a world in which the infrastructures of public life are converted from public to private ownership. Here I use Christophers' analysis to comment on growing calls for asset manager...

Asset managers have assumed a position of unprecedented power and influence in the control of essential infrastructures of social life, with broadly negative ramifications. But as the commentaries assembled here all insist, it did not - and does not - have to be this way. In this reply, I...

Our paper examines the financial preparedness of near-retirement individuals across five countries: the United States, Japan, and the Republic of Korea (developed economies) and the People's Republic of China and India (developing economies). It focuses on four channels of retirement support:...

Our paper examines the financial preparedness of near-retirement individuals across five countries: the United States, Japan, and the Republic of Korea (developed economies) and the People's Republic of China and India (developing economies). It focuses on four channels of retirement support:...

Background: Defining the optimal fleet portfolio is a crucial process in airline planning. The published efforts in literature provide ways to anticipate the disruption effects on the passenger demand; however, the proposed solution in this paper provides visibility on the impact of sustainable...

This paper provides a review on machine learning methods applied to the asset management discipline. Firstly, we describe the theoretical background of both machine learning and finance that will be needed to understand the reviewed methods. Next, the main datasets and sources of data are...

Using a unique dataset on the sectoral ownership structure of euro area equity mutual funds, we study how different investor groups contribute to the negative performance externality from large outflows. Investment funds, as holders of mutual funds, are the main contributors to the flow...

Investment funds are increasingly investing in other funds. I study the implications of this using Czech fund data from 2011 to 2022. Cross-fund holdings boosted diversification and returns, albeit with increased volatility. Moreover, the funds primarily sold fund shares compared to other assets...

Société Générale de Belgique was the world's first universal bank. It pioneered another innovation: investing in non-listed equity. We use hand-collected data to show that the bank earned significant positive risk-adjusted returns from 1850 to 1934. This offset its flat return on the listed...

Dieses Arbeitspapier befasst sich mit der Analyse der Erfolgsfaktoren einer krisenresilienten Immobilienanlage und setzt diese in den Kontext der Asset Allocation. Das Hauptaugenmerk liegt hierbei in der Analyse der derzeitigen Abschwungsphase der Immobilienmärkte und deren Auswirkungen auf ein...

This technical note explores the advantages and disadvantages of establishing state-sponsored centralized asset management companies (AMCs) to address high levels of bank asset distress during financial crises. AMCs may offer potential benefits like mitigating downward price spirals or achieving...

Employing the exogenous scenario of the "New Rules on Asset Management" in April 2018, this paper tries to explore the impact of the contraction of Chinese shadow banking on corporate investment behavior. This paper finds that the regulation leads to a 18.3% decrease in capital expenditure for...

Throughout history, gold has played a vital role as a financial asset in the global financial system. It has been prevalent as a currency in many civilizations, including Ancient Greece, Rome, and Egypt. In the modern era, gold continues to play a critical role in the global financial system,...

Purpose This research demonstrates the theoretical merit of a reference architecture-based approach to life cycle cost (LCC) analysis system provision in the built environment. LCC insight is considered fundamental to sustainable decision making by asset managers; however, the current...

Purpose Engineering knowledge continuity is crucial for the life cycle management of long-lived and complex assets, such as nuclear plants, locks and storm surge barriers. At the storm surge barriers in the Netherlands, engineering knowledge continuity is not yet fully assured, despite...

Chapter 1: Introduction to Behavioral Finance -- Chapter 2: Behavioral Questionnaire -- Chapter 3: Essential Behavioral Biases -- Chapter 4: The Prospect Theory -- Chapter 5: Essential Principles of Wealth Management Undermined -- Chapter 6: Investment Solutions -- Chapter 7: Conclusion.

The finance wage premium since the 1990s has arguably lured talent away from other industries. However, the allocation of talent is likely to respond to differences in career paths, not in wages at a given date. We use resume data to reconstruct the careers of 11,255 professionals in finance,...

Purpose The aim of this paper is to introduce a framework that helps to identify strategic themes on which real estate investors form their strategies. A holistic approach to strategic management in real estate management has enjoyed popularity in corporate real estate research, while similar...

We summarize seven fundamental innovations that would be required for participants to have greater confidence in decentralized finance (DeFi) and to obtain wealth appreciation coupled with better risk management.The conceptual ideas we discuss outline an approach to: 1) Strengthened Security...

In the 1980s, Commerzbank was increasingly forced to become much more international if it wanted to be perceived as a relevant player in the field of investment banking, which was considered particularly attractive. This article focuses on the bank's initially cautious, then strongly accelerated...

Using the regulatory policy on cash dividends implemented in 2013 as the research context, this study develops a difference-in-difference (DID) model using the data of Chinese A-share non-financial listed companies from 2011-2019, and found that cash dividend smoothing reduces the wealth...

This paper introduces DivFolio, a multi-period portfolio selection and analytic software application that incorporates automated and user-determined divestment practices accommodating Environmental Social Governance (ESG) and portfolio carbon footprint considerations. This freely available...

We investigate the returns to specialized knowledge in asset management, by comparing the performance of medical specialists and generalists in managing health care sector mutual funds. Specialist alpha is nearly 5% higher on an annualized basis, after controlling for fund and manager observable...

This survey report represents a collaborative effort between Reserve Advisory and Management Partnership (RAMP) and central banks worldwide to advance the understanding and practice of reserve management. The cooperation of all central banks involved is greatly appreciated, and we anticipate...

Chapter 1: SAP S/4HANA for Asset Management- Chapter 2: Organizational Structure for Asset Management -- Chapter 3: Master Data for Asset Management -- Chapter 4: Business Process in Asset Management -- Chapter 5: Preventive Maintenance -- Chapter 6: Controlling and Budgeting -- Chapter 7: Asset...

1. Introduction -- 2. The impact of index design on asset management.-3. Pros and cons of Active management -- 4. Searching for market drivers: Factor investing -- 5. Hybrids increasingly blurring active/passive line -- 6. The need for a change: Sustainable finance -- 7. The next challenge: ESG...