Introduction Overview of investment styles; Empirical evidence on returns of small capitalization firms and value stocks; How to identify investment styles of a mutual fund Characteristic-based style analysis Return-based style analysis Style benchmarks

Arbitrage Pricing Theory Arbitrage-arises if an investor can construct a zero investment portfolio with a sure profit Since no investment is required, an investor can create large positions to secure large levels of profit

Capital allocation The choice of proportion in safe asset and proportion in risky asset; Most institutional investors follows top- down analysis---The first part is asset allocation and the next part is security selection decision

INVESTMENTS h Ealiti Risky Investments with Risk-Free Irrvestrent

Course overview The focus of this course is on financial theory and empirical evidence that are useful for investment decisions. The topics include: Financial theory: This include portfolio theory, CAPM, APT, discount factor model, they are important for decision-making in investments;

《中国工业经济》：我国主权财富基金的投资方向选择问题——基于国家利益原则的战略视角（张世贤、徐雪）

第一节 政府与市场 第二节 财政概念 一、“财政”一词的来源 二、财政是一种国家（或政府）的经济行为 三、财政的基本特征 （一）、阶级性与公共性 （二）强制性与无接偿还性 （三）收入与支出的对称性（或平衡性） 四、社会主义市场经济条件下的财政 第三节 财政职能

《国际经济评论》：台湾地区的农地政策及其对大陆农地政策改革的借鉴（张孟秋、庄谷中、陶然）

第一节 财产清查的概述 第二节 财产清查的方法 第三节 财产清查结果的处理

复旦大学：《用经济学智慧解读中国》PPT课程讲义_第3、4讲 中国的社会转型（用大历史观看中国社会转型、转型中的社会冲突与制度改进）