Index
P/CF ratio see Price to cash flow ratio
P/E ratio see Price/earnings ratio
P/S ratio see Price to sales ratio
Paasche index, 635
Passive fund management, 85, 91–5,
1648
bonds, 923, 166–7
commissions, 165
concepts, 85, 91–5, 1648
ETFs, 1668
index matching, 92, 1648
re-balancing needs, 165
strategies, 91–3, 1645
Payout ratio, dividends, 1324, 140–1, 158
Peer-group benchmarks, 389, 86, 171
Pension funds, 2, 4, 89, 33, 38, 848
alternative investments, 171
bonds, 87
concepts, 2, 89, 848
equities, 9
goals, 9
objectives, 845
peer-group benchmarks, 38, 86
tax issues, 2, 9
types, 89
Pension plans, 89
Perfect markets, 38
Performance attribution, 3842, 171
calculations, 3842
concepts, 3842, 171
Performance measures:
attribution analysis, 3842, 171
bond portfolios, 7980
fund managers, 3354, 7980, 86, 97,
170
hedge funds, 174
relative returns, 3851
returns, 3354, 86, 97
risk-adjusted portfolio performance
measures, 4250
Point-and-figure charts, 123
Porter’s Five Forces, 113–14
Portfolio construction, 84–103, 16480
active/passive strategies, 85, 91–5,
16480
asset allocations, 958, 10427
asset selections, 856, 94, 98–100, 170
asset types, 8591, 956
concepts, 84–103, 16480
objectives, 84–101
optimization programs, 245, 101–2
policies, 85
steps, 846
strategy application, 85–101, 1645
styles, 93–7, 168–71
219
Portfolio diversification, risk, 4, 2030,
50–1
Portfolio duration, bonds, 77, 925
Portfolio management, 6–7
concepts, 6–7
portfolio theory, 1532
CAPM, 2630, 435, 48, 137–8
concepts, 1532
diversification concepts, 4, 2030, 50–1
risk aversion, 17–20, 27–30
Portfolio tilting, 91
Portfolio-advisory services, intermediaries, 5
Portfolio-discretionary services,
intermediaries, 5
Positive correlation, 22
Positive trends, 1235
Power issues, Porter’s Five Forces, 113–14
Preference shares, 88
Present values, cash flows, 356, 7380,
12840
Price relative calculations, 56–7
Price to book ratio (P/B), 1425, 15861
Price to cash flow ratio (P/CF), 1435,
15861
Price to sales ratio (P/S), 1425, 15861
Price-weighted indices, 57–61
see also Indices
Price/earnings ratio (P/E), 98–101, 1405,
15861
Prices:
bonds, 6980
moving averages, 118–19
shares, 98–100, 12848
technical analysis, 104, 117–25
Private equity, 171, 175–7
concepts, 175–7
venture capital, 1756

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