Traduction de «Rendement des actions » (Français → Anglais) :

A portfolio management practice, which aims to offset the significant risks linked to an investment in a well diversified portfolio of shares by taking a short position on a stock market index future, where the composition of the equity portfolio is very close to that of the stock market index and its return highly correlated to that of the stock market index and where the short position on the stock market index future allows an unquestionable reduction of the general market risk related to the equity portfolio and the specific risk is insignificant, such as a beta-hedging of a well-diversified equity portfolio where the specific risk i ...[+++]s considered to be insignificant, should be considered as complying with the hedging criteria.

The Action Plan includes measures to improve the energy performance of products, buildings and services, to improve the yield of energy production and distribution, to reduce the impact of transport on energy consumption, to facilitate financing and investments in the sector, to encourage and consolidate rational energy consumption behaviour and to step up international action on energy efficiency.

The Action Plan includes measures to improve the energy performance of products, buildings and services, to improve the yield of energy production and distribution, to reduce the impact of transport on energy consumption, to facilitate financing and investments in the sector, to encourage and consolidate rational energy consumption behaviour and to step up international action on energy efficiency.

Another study examined the recent U.S. long-term capital gains tax cut, from 28 per cent to 20 per cent. The study demonstrated that " stock prices moved inversely with dividend yields during the May 1997 week, when the White House and Congress agreed on a budget accord that included a reduction in the capital gains tax rate.

At year end, we had exchanged fixed-rate interest on $10.9 billion of debentures for equity returns using interest-rate swaps and equity swapsWe do not assume additional market risk by using equity swaps compared with making direct cash investments in equities.

Historically, with regard to the risk premium earned for earning equity returns by the way more outside Canada than inside Canada over the last 20 years over the very long term the spread between stock returns and bond returns has been approximately 5 per cent.