Glycemic index and glycemic load of tropical fruits and the potential risk for chronic diseases

The objective was to determine the glycemic index and glycemic load of tropical fruits and the potential risk for chronic diseases. Nine fruits were investigated: coconut water (for the purpose of this study, coconut water was classified as a “fruit”), guava, tamarind, passion fruit, custard apple, hog plum, cashew, sapodilla, and soursop. The GI and GL were determined according to the Food and Agriculture Organization protocol. The GL was calculated taking into consideration intake recommendation guidelines; 77.8% of the fruits had low GI although significant oscillations were observed in some graphs, which may indicate potential risks of disease. Coconut water and custard apple had a moderate GI, and all fruits had low GL. The fruits evaluated are healthy and can be consumed following the daily recommended amount. However, caution is recommended with fruits causing early glycemic peak and the fruits with moderated GI (coconut water and custard apple).

A performance analysis of conventional and fundamental exchange traded funds: ETFs and their risk-return characteristics in relation to building institutional investor’s passive portfolio

An exchange traded fund (ETF) is a financial instrument that tracks some predetermined index. Since their initial establishment in 1993, ETFs have grown in importance in the field of passive investing. The main reason for the growth of the ETF industry is that ETFs combine benefits of stock investing and mutual fund investing. Although ETFs resemble mutual funds in many ways, also many differences occur. In addition, ETFs not only differ from mutual funds but also differ among each other. ETFs can be divided into two categories, i.e. market capitalisation ETFs and fundamental (or strategic) ETFs, and further into subcategories depending on their fundament basis. ETFs are a useful tool for diversification especially for a long-term investor. Although the economic importance of ETFs has risen drastically during the past 25 years, the differences and risk-return characteristics of fundamental ETFs have yet been rather unstudied area. In effect, no previous research on market capitalisation and fundamental ETFs was found during the research process. For its part, this thesis seeks to fill this research gap. The studied data consist of 50 market capitalisation ETFs and 50 fundamental ETFs. The fundaments, on which the indices that the fundamental ETFs track, were not limited nor segregated into subsections. The two types of ETFs were studied at an aggregate level as two different research groups. The dataset ranges from June 2006 to December 2014 with 103 monthly observations. The data was gathered using Bloomberg Terminal. The analysis was conducted as an econometric performance analysis. In addition to other econometric measures, the methods that were used in the performance analysis included modified Value-at-Risk, modified Sharpe ratio and Treynor ratio. The results supported the hypothesis that passive market capitalisation ETFs outperform active fundamental ETFs in terms of risk-adjusted returns, though the difference is rather small. Nevertheless, when taking into account the higher overall trading costs of the fundamental ETFs, the underperformance gap widens. According to the research results, market capitalisation ETFs are a recommendable diversification instrument for a long-term investor. In addition to better risk-adjusted returns, passive ETFs are more transparent and the bases of their underlying indices are simpler than those of fundamental ETFs. ETFs are still a young financial innovation and hence data is scarcely available. On future research, it would be valuable to research the differences in risk-adjusted returns also between the subsections of fundamental ETFs.

Index librorum & tractatuum &c. &c. (cura [et] sumptibus J. G. d. ep. Ab.) Variis locis & temporibus, maximam partem recentioribus annis, in usum ecclesiae & scholarum in magno ducatu Finlandiae, editorum

Arkit: A2 B.

Index librorum & tractatuum &c. &c. (cura [et] sumptibus J. G. d. ep. Ab.) Variis locis & temporibus, maximam partem recentioribus annis, in usum ecclesiae & scholarum in magno ducatu Finlandiae, editorum

Arkit: A2 B1.

The effects of derivative use on equity fund performance

Investing in mutual funds has become more popular than ever and the amount of money invested in mutual funds registered in Finland has hit its all-time high. Mutual funds provide a relatively low-cost method for private investors to invest in stock market and achieve diversified portfolios. In finance there is always a tradeoff between risk and return, where higher expected returns can usually be achieved only by taking higher risks. Diversifying the portfolio gets rid some of the risk but systematic risk cannot be diversified away. These risks can be managed by hedging the investments with derivatives. The use of derivatives should improve the performance of the portfolios using them compared to the funds that don’t. However, previous studies have shown that the risk exposure and return performance of derivative users does not considerably differ from nonusers. The purpose of this study is to examine how the use of derivatives affects the performance of equity funds. The funds studied were 155 equity funds registered in Finland in 2013. Empirical research was done by studying the derivative use of the funds during a 6-year period between 2008–2013. The performance of the funds was studied quantitatively by using several different performance measures used in mutual fund industry; Sharpe Ratio, Treynor Ratio, Jensen's alpha, Sortino Ratio, M2 and Omega Ratio. The effect of derivative use on funds' performance was studied by using a dummy variable and comparing performance measures of derivative-users and nonusers. The differences in performance measures between the two groups were analyzed with statistical tests. The hypothesis was that funds' derivative use should improve their performance relative to the funds that don't use them. The results of this study are in line with previous studies that state that the use of derivatives does not improve mutual funds' performance. When performance was measured with Jensen's alpha, funds that did not use derivatives performed better than the ones that used them. When measured with other performance measures, the results didn’t differ between two groups.

Index philosophique : philosophie et sciences annexes : biologie, neurologie, psychiatrie : publication de la Revue de philosophie / par N. Vaschide,... et von Buschan,...

1903 (A2).

Index philosophique : philosophie et sciences annexes : biologie, neurologie, psychiatrie : publication de la Revue de philosophie / par N. Vaschide,... et von Buschan,...

Périodicité : Annuel

Index philosophique : philosophie et sciences annexes : biologie, neurologie, psychiatrie : publication de la Revue de philosophie / par N. Vaschide,... et von Buschan,...

1902 (A1).

Index Rosenwald : sommaires-tables des principaux journaux de médecine et bibliographie médicale / docteur L. Rosenwald, dir.

1903/04/15 (T1,N3).

Index Rosenwald : sommaires-tables des principaux journaux de médecine et bibliographie médicale / docteur L. Rosenwald, dir.

1903/02/15 (T1,N1).

Index Rosenwald : sommaires-tables des principaux journaux de médecine et bibliographie médicale / docteur L. Rosenwald, dir.

1903/11 (T1,N10).

Index Rosenwald : sommaires-tables des principaux journaux de médecine et bibliographie médicale / docteur L. Rosenwald, dir.

1903/05/15 (T1,N4).

Index Rosenwald : sommaires-tables des principaux journaux de médecine et bibliographie médicale / docteur L. Rosenwald, dir.

1903/09 (T1,N8).

Index Rosenwald (Paris)

Etat de collection : 1,1903(1)-2,1904(8)