government expenditure trends in the eu 1970 1995 of gdp

... result of changes in the expense ratios of individual funds of funds, while holding their assets constant as of 2005 This factor contributed basis points of the 11 basis-point decline in the average ... ratio of funds of funds over the period (labeled in Figure 13 as “Fall in expense ratios of individual funds”) By definition, the remaining basis points must result from an increase in the market ... collects the 12b-1 fee from the fund but passes the bulk of that fee to the financial professionals serving fund investors Alternatively, investors may purchase no-load funds with the help of a financial...

Ngày tải lên: 19/02/2014, 15:20

... examines recent trends in the expenses and fees of mutual funds Expense ratios of equity, bond, and hybrid funds declined in 2011 owing to declines in the expense ratios of individual funds, an increase ... collects the 12b-1 fee, passing the bulk of it to the financial professionals serving fund investors Alternatively, investors may pay the professional an asset-based fee directly In such cases, the ... percentage of the assets that the financial professional manages for an investor, rather than as a percent of the dollars initially invested Over time, brokers and other financial professionals...

Ngày tải lên: 19/02/2014, 15:20

Ngày tải lên: 21/02/2014, 05:20

... IFRS, information asymmetry I INTRODUCTION The required adoption of International Financial Reporting Standards (IFRS) in the European Union (EU) effective January 1, 2005 resulted in a number of ... we examine one type of long-lived tangible asset, our findings may not generalize to other fair value settings Finally, as we examine the year following the mandatory adoption of IFRS, information ... among other things, best practices for financial reporting in the real estate industry Accounting for Investment Property Domestic GAAP Prior to IFRS Adoption Prior to the adoption of IFRS in Europe...

Ngày tải lên: 18/02/2014, 01:20

... in 1895 The number of cinema theatres reached its maximum in Europe in the 1920s, starting to decline thereafter In the nineties the decline came to a halt and with the growth of multiplex cinemas ... growth in cinema attendance in the EU In 2001, 19% of the cinemas in the EU- 15 were multiplexes Cinema exhibition started more than 100 years ago The Lumière brothers opened the first cinema in Paris ... office receipts in the EU- 15 in 2001 Gross box office receipts in the EU- 15 in 2001 amounted to 5.2 billion euro In the US, the gross box office in 2002 grew by 13% (in USD) to 10.1 billion euro,...

Ngày tải lên: 19/02/2014, 14:20

... that shared the aim of improving the condition of the poor by encouraging saving in collective and individual forms and with the aim of reducing the burden of supporting the poor from the public ... shipbuilding, with the ship chandler business and rope making forming the main economic activities of the area, it was the building of the docks that opened up the East End The construction of the ... questions regarding the extent to which the savings banks met their stated philanthropic aims of inculcating the habit and understanding of the importance of thrift in the poorer classes Since Scratchley,...

Ngày tải lên: 06/03/2014, 10:20

... one of the following criteria, or a combination thereof: - the deposits of the institution; - the assets (either in terms of accounting values, market values or risk-weighted values) of the institution; ... chairing or actively participating in the management board of the supervisory authority, or giving the government the right to intervene in the day-to-day operations of the supervisory authority Their ... Neither of these exist for the time being in the EU Member States sanctioning regimes are in general weak and heterogeneous Sanctions for insider trading range from a few thousands of euros in...

Ngày tải lên: 06/03/2014, 19:20

... particularly in the regulated industries of financial services and internet gaming, has created a marked shortage in the supply of certain specialised skills within these industries These growing pains ... managed by the Maltese government through various initiatives including the incentivising of advancement into tertiary education and ongoing training However, besides such incentives, the government ... many of the investors, mainly because of how they are structured Investors are looking at a number of names and trying to shortlist a few that they want to invest in Due diligence is in the main...

Ngày tải lên: 07/03/2014, 16:20

... (First Quarter of 2011) Trends in the European Investment Fund Industry Net Assets by Country of Domiciliation The combined assets of the investment fund market in Europe, i.e the market for ... 2 Trends in the UCITS Market Net Sales by Investment Type UCITS attracted net inflows during the first quarter of the year amounting to EUR 30 billion, up from net inflows of EUR 26 billion in ... an increase in net inflows to EUR 20 billion and EUR billion respectively Money market funds experienced a reduced level of net outflows during the quarter of EUR billion The modest increase in...

Ngày tải lên: 07/03/2014, 16:20

... 2 Trends in the UCITS Market Net Sales by Investment Type A surge in net sales of UCITS in the first quarter of 2012 came on the back of increased investor confidence after the launch of the ... Country of Domiciliation The combined assets of the investment fund market in Europe, i.e the market for UCITS and nonUCITS, increased by 5.3 percent in the first quarter of 2012 to stand at EUR ... outflows of EUR 29 billion in the previous quarter Bond funds registered strong net sales of EUR 49 billion during the quarter, compared to net outflows of EUR 11 billion in the fourth quarter of 2011...

Ngày tải lên: 07/03/2014, 16:20

... half of 2011, slightly behind the EUR 55 billion recorded in the first half of 2010 Long-term UCITS attracted EUR 87 billion during the first half of the year, down from net inflows of EUR 142 ... net inflows increasing to EUR 10 billion, whilst balanced funds enjoyed net inflows of EUR 23 billion during the quarter Overall, net inflows into UCITS amounted to EUR 48 billion during the ... reduced net inflows in the second quarter of EUR 16 billion, after recording net inflows of EUR 28 billion in the previous quarter Year-to-date special funds have enjoyed net inflows of EUR 44 billion,...

Ngày tải lên: 07/03/2014, 16:20

... segment of the business accounted for almost 71 percent of the fund market at end June 2012, with the remaining 29 percent composed of non-UCITS Table Net Assets of the European Investm ent Fund Industry ... Quarter of 2012) Trends in the UCITS Market Net Sales by Investment Type The long-term refinancing operations from the ECB eased market tensions during the first few months of 2012 However, uncertainty ... net inflows into UCITS during the first half of 2012, with five countries attracting net inflows in excess of EUR billion: Ireland (EUR 44 billion), Luxembourg (EUR 31 billion), France (EUR 15...

Ngày tải lên: 07/03/2014, 16:20

... territory during the quarter registering net inflows of EUR 10 billion, against net outflows in the second quarter of EUR billion and equity funds recorded reduced net outflows of EUR billion in the third ... net inflows into UCITS in the third quarter of 2012, with five countries attracting net inflows in excess of EUR billion: Luxembourg (EUR 24 billion), Ireland (EUR 19 billion), the United Kingdom ... United Kingdom (EUR billion), Norway (EUR billion) and Denmark (EUR billion) These large net inflows came on the back of strong net inflows into bond funds in these countries Of the other large domiciles,...

Ngày tải lên: 07/03/2014, 16:20

... scope of the Directive In the event of uncertainty, coverage will ultimately be decided by the EU Court of Justice However, in the absence of a definitive ruling, interpretation of the scope of the ... a balanced overview of the opinions of key experts working in government, compliance organisations and industry as to the key challenges involved in the implementation of the Directive; • Identify ... Refrigerators Washing Machines Japan End of Life Fee 18-24 Euro 30-38 Euro 16-22 Euro Netherlands NVMP 11 Euro 20 Euro 10 Euro Following the “old for new” requirement of many European programs...

Ngày tải lên: 08/03/2014, 13:20

... reduced beginning at some time in the 1990s (30) There is no clear decline before that time in any of the surveys The MCBS is one of the surveys showing the strongest declines during the 1990s in ADL ... likelihood of smoking, men did not experience the same gains as women in the 1970s; then, decreased smoking among men resulted in more mortality improvement Since 1980, the decline in mortality in the ... all segments of the population Improvements in the health of persons in their 60s can be linked to eventual deterioration in the health of those in their 80s (5) This understanding of the complex...

Ngày tải lên: 14/03/2014, 20:20

... activities of the IFAC including the IAASB in terms of the public interest As for relations with INTOSAI, one of the public members is the Auditor-General for the Commonwealth of Australia, and another ... vii) the International Journal of Government Auditing (commonly called “INTOSAI Journal”), and viii) the INTOSAI Development Initiative (IDI) on the basis of resolutions of INCOSAI or the Governing ... Environmental Auditing in 1992, the Working Group on Programme Evaluation in 1992, the Working Group on Privatization in 1993, and the Working Group on the Audit of International Institutions in 2001,...

Ngày tải lên: 15/03/2014, 20:20

... sales of €5 billion in the first quarter Bond funds witnessed a steep increase in net inflows in the second quarter recording net inflows of €70 billion, compared to inflows of €42 billion in the ... funds continued to increase in the second quarter of 2011 to record inflows of €40 billion Europe witnessed an increase in net inflows into balanced/mixed funds in the second quarter recording €23 ... 2011:Q2 (Billions of euros, end of quarter) USA Equity % chg in EUR (1) % chg in loc cur (2) Bond % chg in EUR (1) % chg in loc cur (2) Money Market % chg in EUR (1) % chg in loc cur (2) Europe Brazil...

Ngày tải lên: 16/03/2014, 17:20

... increase on a Euro-denominated basis This difference reflects the depreciation of the US dollar vis-à-vis the euro during the quarter The following graphs show the net asset growth of the six largest ... (1) Including funds of funds Geographical Trends by Type of Fund, 2012:Q1 (Billions of euros, end of quarter) USA Equity % chg in EUR (1) % chg in loc cur (2) Bond % chg in EUR (1) % chg in loc ... outflows of €83 billion in the first quarter, positive inflows were recorded in Europe Money market funds in Europe posted net inflows of €22 billion in the first quarter, up from €11 billion in the...

Ngày tải lên: 16/03/2014, 17:20

... short of the quota, following the increase in quota (in 11 MS of the EU- 15, due to the enlargement and granting of restructuring reserves for the EU- 10) reductions in the intervention prices for ... of the EU dairy sector Within the EU, six MS - Germany, France, the United Kingdom, Poland, the Netherlands and Italy - together accounted for almost 70% of the cows’ milk production in the EU ... Production in the EU" (AGRI-2007-0444) The project aims at a thorough policy impact analysis of the EU dairy markets in the year 2020 regarding the removal of milk quotas within the framework of the...

Ngày tải lên: 18/03/2014, 00:20

... Assessing the air pollution benefits of further climate measures in the EU up to 2020 for Service Contract for carrying out cost-benefit analysis of air quality related issues, in particular in the ... shown in monetary equivalent in the following tables Total estimates of annual damage are given in Table Incremental benefits arising from the changes in CO2 price are shown in Table Results at the ... for climate policy under the CLE scenario in terms of the change in health impacts as a result of reduced emissions of NOx, PM2.5 and SO2 in 2020 for the EU- 25.1 Results indicate that climate policy...

Ngày tải lên: 23/03/2014, 00:20