16 research outputs found
Genererar aktivt förvaltade fonder högre riskjusterad avkastning än passiva fonder på den svenska aktiemarknaden? : En kvantitativ studie om lönsamheten mellan aktiv förvaltade fonder och passiva fonder mellan år 2020-2025
No full textDen svenska ekonomin har under de senaste åren präglats av instabilitet till följd av Covid-19 pandemin, lågkonjunktur och räntehöjningar. Samtidigt har andelen hushåll som investerar i passivt förvaltade fonder ökat markant, vilket aktualiserar valet mellan aktiv och passiv förvaltningsstrategi samt behovet av att utvärdera vilken fondtyp som genererar högst riskjusterad avkastning under olika marknadsförhållanden. Syftet med denna uppsats är att empiriskt beskriva och analysera skillnaden av den riskjusterade avkastningen, mellan aktivt och passivt förvaltade fonder under perioden 2020-2025. En kvantitativ metod med deduktiv ansats och tvärsnittsdesign har tillämpats. För att beräkna fondens riskjusterade avkastning har två prestationsmått använts: Sharpekvot och Jensens alfa, detta eftersom studien söker statistiska samband mellan aktiv och passivt förvaltade fonder har korrelationsanalyser, regressionsanalyser och t-test använts. Den teoretiska referensramen utgår från den effektiva marknadshypotesen (EMH), moderna portföljteorin (MPT) och beteendefinans. Studien visar att aktivt förvaltade fonder under perioden 2020-2025 i genomsnitt presterade bättre än passiva fonder i termer av riskjusterad avkastning, men skillnaden var inte statistisk signifikant enligt Sharpekvot. Däremot uppvisade Jensens alfa en signifikant avvikelse, vilket tyder på eventuell marknadsineffektivitet under perioden. Sammantaget visar studien att investeringsval bör baseras på individuell risktolerans och kostnadsmedvetenhet, snarare än ett antagande om aktiv förvaltning generellt ger bättre resultat. The Swedish economy has experienced significant market volatility due to the Covid-19 pandemic. This instability has been marked by rising interest rates and recessionary conditions. At the same time, the proportion of households investing in passively managed funds increased substantially, highlighting the importance of choosing between active and passive investment strategies. This trend underscores the need to evaluate which type of fund delivers higher risk-adjusted returns under varying market conditions. This study aims to describe and analyse the difference in risk-adjusted returns between actively and passively managed funds during the period 2020–2025. A quantitative method with a deductive approach was employed, using a cross-sectional research design. Risk-adjusted returns were measured using two key metrics: the Sharpe ratio and Jensen’s alpha. To determine statistical significance between actively and passively managed funds, correlation analyses, regression analyses, and t-tests were conducted.The theoretical framework is based on the Efficient Market Hypothesis (EMH), Modern Portfolio Theory (MPT) and Behavioral Finance. The results indicate that actively managed funds outperformed passively managed funds with respect to risk-adjusted returns during the period 2020–2025. However, the difference was not statistically significant according to the Sharpe ratio. Jensen’s alpha, by contrast, showed a statistically significant difference, suggesting possible market inefficiencies during the period. The findings suggest that investment decisions should be guided by individual risk tolerance and cost considerations, rather than the assumption that active management inherently delivers superior results
Genererar aktivt förvaltade fonder högre riskjusterad avkastning än passiva fonder på den svenska aktiemarknaden? : En kvantitativ studie om lönsamheten mellan aktiv förvaltade fonder och passiva fonder mellan år 2020-2025
No full textDen svenska ekonomin har under de senaste åren präglats av instabilitet till följd av Covid-19 pandemin, lågkonjunktur och räntehöjningar. Samtidigt har andelen hushåll som investerar i passivt förvaltade fonder ökat markant, vilket aktualiserar valet mellan aktiv och passiv förvaltningsstrategi samt behovet av att utvärdera vilken fondtyp som genererar högst riskjusterad avkastning under olika marknadsförhållanden. Syftet med denna uppsats är att empiriskt beskriva och analysera skillnaden av den riskjusterade avkastningen, mellan aktivt och passivt förvaltade fonder under perioden 2020-2025. En kvantitativ metod med deduktiv ansats och tvärsnittsdesign har tillämpats. För att beräkna fondens riskjusterade avkastning har två prestationsmått använts: Sharpekvot och Jensens alfa, detta eftersom studien söker statistiska samband mellan aktiv och passivt förvaltade fonder har korrelationsanalyser, regressionsanalyser och t-test använts. Den teoretiska referensramen utgår från den effektiva marknadshypotesen (EMH), moderna portföljteorin (MPT) och beteendefinans. Studien visar att aktivt förvaltade fonder under perioden 2020-2025 i genomsnitt presterade bättre än passiva fonder i termer av riskjusterad avkastning, men skillnaden var inte statistisk signifikant enligt Sharpekvot. Däremot uppvisade Jensens alfa en signifikant avvikelse, vilket tyder på eventuell marknadsineffektivitet under perioden. Sammantaget visar studien att investeringsval bör baseras på individuell risktolerans och kostnadsmedvetenhet, snarare än ett antagande om aktiv förvaltning generellt ger bättre resultat. The Swedish economy has experienced significant market volatility due to the Covid-19 pandemic. This instability has been marked by rising interest rates and recessionary conditions. At the same time, the proportion of households investing in passively managed funds increased substantially, highlighting the importance of choosing between active and passive investment strategies. This trend underscores the need to evaluate which type of fund delivers higher risk-adjusted returns under varying market conditions. This study aims to describe and analyse the difference in risk-adjusted returns between actively and passively managed funds during the period 2020–2025. A quantitative method with a deductive approach was employed, using a cross-sectional research design. Risk-adjusted returns were measured using two key metrics: the Sharpe ratio and Jensen’s alpha. To determine statistical significance between actively and passively managed funds, correlation analyses, regression analyses, and t-tests were conducted.The theoretical framework is based on the Efficient Market Hypothesis (EMH), Modern Portfolio Theory (MPT) and Behavioral Finance. The results indicate that actively managed funds outperformed passively managed funds with respect to risk-adjusted returns during the period 2020–2025. However, the difference was not statistically significant according to the Sharpe ratio. Jensen’s alpha, by contrast, showed a statistically significant difference, suggesting possible market inefficiencies during the period. The findings suggest that investment decisions should be guided by individual risk tolerance and cost considerations, rather than the assumption that active management inherently delivers superior results
Genererar aktivt förvaltade fonder högre riskjusterad avkastning än passiva fonder på den svenska aktiemarknaden? : En kvantitativ studie om lönsamheten mellan aktiv förvaltade fonder och passiva fonder mellan år 2020-2025
No full textDen svenska ekonomin har under de senaste åren präglats av instabilitet till följd av Covid-19 pandemin, lågkonjunktur och räntehöjningar. Samtidigt har andelen hushåll som investerar i passivt förvaltade fonder ökat markant, vilket aktualiserar valet mellan aktiv och passiv förvaltningsstrategi samt behovet av att utvärdera vilken fondtyp som genererar högst riskjusterad avkastning under olika marknadsförhållanden. Syftet med denna uppsats är att empiriskt beskriva och analysera skillnaden av den riskjusterade avkastningen, mellan aktivt och passivt förvaltade fonder under perioden 2020-2025. En kvantitativ metod med deduktiv ansats och tvärsnittsdesign har tillämpats. För att beräkna fondens riskjusterade avkastning har två prestationsmått använts: Sharpekvot och Jensens alfa, detta eftersom studien söker statistiska samband mellan aktiv och passivt förvaltade fonder har korrelationsanalyser, regressionsanalyser och t-test använts. Den teoretiska referensramen utgår från den effektiva marknadshypotesen (EMH), moderna portföljteorin (MPT) och beteendefinans. Studien visar att aktivt förvaltade fonder under perioden 2020-2025 i genomsnitt presterade bättre än passiva fonder i termer av riskjusterad avkastning, men skillnaden var inte statistisk signifikant enligt Sharpekvot. Däremot uppvisade Jensens alfa en signifikant avvikelse, vilket tyder på eventuell marknadsineffektivitet under perioden. Sammantaget visar studien att investeringsval bör baseras på individuell risktolerans och kostnadsmedvetenhet, snarare än ett antagande om aktiv förvaltning generellt ger bättre resultat. The Swedish economy has experienced significant market volatility due to the Covid-19 pandemic. This instability has been marked by rising interest rates and recessionary conditions. At the same time, the proportion of households investing in passively managed funds increased substantially, highlighting the importance of choosing between active and passive investment strategies. This trend underscores the need to evaluate which type of fund delivers higher risk-adjusted returns under varying market conditions. This study aims to describe and analyse the difference in risk-adjusted returns between actively and passively managed funds during the period 2020–2025. A quantitative method with a deductive approach was employed, using a cross-sectional research design. Risk-adjusted returns were measured using two key metrics: the Sharpe ratio and Jensen’s alpha. To determine statistical significance between actively and passively managed funds, correlation analyses, regression analyses, and t-tests were conducted.The theoretical framework is based on the Efficient Market Hypothesis (EMH), Modern Portfolio Theory (MPT) and Behavioral Finance. The results indicate that actively managed funds outperformed passively managed funds with respect to risk-adjusted returns during the period 2020–2025. However, the difference was not statistically significant according to the Sharpe ratio. Jensen’s alpha, by contrast, showed a statistically significant difference, suggesting possible market inefficiencies during the period. The findings suggest that investment decisions should be guided by individual risk tolerance and cost considerations, rather than the assumption that active management inherently delivers superior results
Die Zukunft kehrt zurück: Die katholische Presse in der Gegenwart (I)
No full textEs gab Publik"Es gibt keinen Index mehr / und auch das Imprimatur ist der Zeit angepaßt / Hexen werden schon lange nicht mehr verbrannt / und Syllabus und Antimodernisteneid gehören -= zumindest offiziell- der Vergangenheit an / Der Papst spendet seinen Segen und Elektronik übermittelt ihn in alle Welt / Es gibt Radiopredigerund Fernsehpfarrer / Welttage der Kommunikationsmittel/ kirchliche Journalistenpreise und eine Pastoralinstruktion / Es gibt eine Mediendienstleistungsgesellchaft rnbH und zwei zusätzliche Herausgeber beim Rheinischen Merkur I Es gab Publik."English In the past decade the Catholic Church in Germany has made every effort to solve the crisis of the Catholic Press. After the closure of the weekly "Publik", Catholic Media planners directed their attention to the Diocesan weeklies and publications such as "Rheinischer Merkur" (weekly) and "Weltbild" (bi-monthly), and to the strengthening of the Catholic Nes Agency (KNA) and improving training. This was necessary on account of the decrease in circulation and the gap between the media and the Church. One ofthe most important developments in Catholic Communications work has been the establishment of a Media Service Company (Medien-Dienstleistungsgesellschaft-MDG) in Munich in 1975. This was part ofthe communications emergency planning at the Synod of the German Dioceses in 1972. The association of the Catholic Press - AKP- also helped towards a revival. New and improved cooperation among the diocesan weeklies - important instruments of dialogue within the Church - was developed. The author, in describing these developments, does not confine himselfto publications, but also refers to press officers ofthe diocese and to publications from religious communities and missionary societies which have an important rote in the press today. He feels that the crisis of the Catholic Press has been overcome, butthat a strenuous effort is needed to im plant this samepress firmly into the German secular communications media.
The Renewal of Song: Metalepsis and the Christological Revision of Psalmody in Paul
No full textThe productive yield of Richard Hays’ Echoes of Scripture in the Letters of Paul for the study of Pauline intertextuality has not been matched by adequate reflection on questions of method, particularly on the character of the trope at the heart of the Haysian project: metalepsis, or “echo”. Nor has sufficient attention been given to the reception of biblical psalmody in Paul, and to the distinctiveness of psalmic discourse in relation to metaleptic process. This study accordingly attempts a close engagement with biblical psalmody as this appears at selected sites in Romans and 2 Corinthians, focusing on those sites which best demonstrate the distinctive character of psalmody, and so offer to refine an account of metalepsis. In particular, it examines quotations which are attributed or attributable to David or to Christ, and sites in which psalmody serves to modulate Paul’s discourse without recourse to quotation. In so doing, this study sets out to enrich the Haysian account of metalepsis by discerning and correcting two biases. In relation to method, Haysian metalepsis is found to license maximalist readings of intertexts on the presumption of narrativity, which cannot be fully sustained in relation to psalmody. In relation to hermeneutics, Haysian metalepsis is shown to privilege dialectical accounts of Pauline intertextuality, in which the voice of scripture is richly and sympathetically invoked in Paul’s discourse. By resisting these biases, the present study is able to offer a more nuanced account of metalepsis, one better suited to psalmody, and to discern a more complex picture of Pauline intertextuality. Within it, Christ is richly configured as a psalmist in Paul, rhetorically empowered and tendered for imitation, yet nearly always at the expense of David, subverting the mode of agency he represents, in hermeneutical gestures which are dialectical in form but heuristic in effect
Ethiopian Field Epidemiology and Laboratory Training Program (EFETP)
No full textThe Ethiopian Field Epidemiology Training program (EFETP) is a two year field based masters
program. The school of public Health /Addis Ababa University, Federal Minister of Health, Ethiopia
Public Health Institute (EPHI), Ethiopia Public Health Association (EPHA) and CDC Ethiopia are
running the program together. The field work comprises seventy five (75%) of the program which
called residence with the aim of learning by working in public health emergency management
centre
This Body of work contains my out puts for the two years stay in the program, outbreak
investigations, surveillance data analysis, surveillance system evaluation, description of health
profile report, writing of scientific manuscript for peer review journal, abstracts submitted in
scientific conferences, writing protocol/proposal of epidemiologic research project and a summary
of disaster situation in selected area.
In the outbreak investigation chapter or section one outbreak investigated as first Author the
outbreak investigation done in SNNPR Sidama Zone Bona Zuria District "Measles outbreak
investigation" a case control study and "human Cutaneous anthrax outbreak Investigation " among
Pastoralists in Benna Tsemay Woreda of South Omo Zone, SNNP Region a descriptive study.
Chapter two contains report of surveillance data analysis which was conducted on Comparative
Analysis of Public Health Emergency Management and Health Management Information System
Malaria Surveillance Data; it was a three year data being analyzed. Chapter three addresses
Surveillance system evaluation of Malaria in Halaba District. Chapter four contains Health profile
description of Halaba Special Woreda. In the chapter health and health related data of the district
populations were presented. Chapter five contains Scientific Manuscripts for Peer reviewed
Journals which resulted from the outbreak investigations which resulted from the outbreak
investigations included. Chapter six contains abstracts of outbreak investigations and surveillance
data analysis was presented. Chapter seven contains a report on narrative summary of disaster
situation visited on selected districts of South Omo and Segen Area Population zones of SNNP
region, the report conducted in collaboration with other team members, WHO, UN-OCHA, MSF
and EW/Ethiopia and South Regions.
AAU/SPH, Field Epidemiology Training Program Page xx
Chapter eight epidemiological research project in title “Assessment of Status of Health Service
Related Factors Contributing for Measles Outbreak in a High Vaccination Coverage Reporting
Setting: The Case of Halaba District; Ethiopia which is accepted and additionally Assessment of
factors contributing for malaria surveillance data discrepancy at peripheral health facility level
with emphasis on health workers knowledge, attitude and practice (KAP) about malaria
surveillance and surveillance data importance in Halaba Special Woreda, Southern Ethiopia “were
written and submitted
Chapter nine include other outputs and in this chapter training conducted on meningitis, malaria
and measles. In addition summary reports of Ebola Surveillance and screening assessment at
border land port, weekly PHEM bulletin and weekly IDSR feedbacks included
'You who were called the uncircumcision by the circumcision’ a study of Jewish attitudes toward the gentiles and ethnic reconciliation according to eph. 2.1-22
No full textThe present work is a study of the connections between Jewish attitudes toward the Gentiles and ethnic reconciliation according to Eph. 2. It begins by assessing previous scholarly tradition whose hermeneutical 'grid' has been derived from the philosophy of dialectics or the Protestant Reformation. The 'new perspective(s) on Paul', however, shifts our perspective back to first century Judaism and enables us to penetrate fully into the historical context of first century Jews and Judaism. We have taken pains to describe some of the relevant Jewish features and demonstrated them by focusing particularly on Eph. 2 and attempting to set it as fully as possible into its historical context. The uncontroversial a priori of Jewish context conceals many explosive issues: how much was our author influenced by Jewish ideas? Does he wish to speak about his Gentile addressees from a Jewish perspective? Does his status as a Jew also create for him a convenient 'pre-text' so that he could reiterate the perspective of other Jews about the Gentiles in his representation of it? These questions are addressed in this study. We have paid attention to the question of 'representation' or characterization and suggested that ethnography provides a way into the author's statements about the Gentiles: it aids die author to heighten the boundary between Jews and Gentiles and to underscore the negative valence which is attached to the Gentiles. The author's ethnographic statements enable us to show the way in which the language of 'powers' had become for our author a means of dividing human groups, establishing the differences between them and suggesting wherein their 'otherness' lies (Eph. 2.2). These statements and the negative verdict which the author passes on the Gentiles represent but a preamble to the author’s arduous effort to surmount the social distance between Jews and Gentiles. This is made most evident in his rhetoric of admission and conciliation in which he lays bare the fact that the Jews (himself included) were in no better position than the Gentiles who are 'sub-let' to the 'powers', although the idea of Israel’s status was never put in question (2.3). His aim is to evoke the need for the promptings of divine grace and love toward humankind (2.4-10). We also seek to show that Ephesians does not consist of a polemic against meritorious works. We have taken pains to demonstrate that the author of Ephesians has adopted a subtle approach in unraveling the exclusivistic Jewish attitudes toward the Gentiles. His characterization of the Gentiles reveals a distinctively Jewish perspective, and, more importantly, tells us much about the Jews (2.1 l-13a). We also show that the Gentiles were estranged by the Jews and that the estrangement can be best explained by die hypothesis that the Gentiles were perceived by die Jews through the 'grid' of covenantal ethnocentrism. The task of the author at this point is to exhibit his de-constructive strategy which provides a resolution to one of the thorniest issues regarding two ethnic groups: can Jew and Gentile, the two estranged human groups, be one {people of God)l And if so, howl We then go on to consider the way in which an exclusive, ethnic-oriented 'body politic of Israel' is transposed into an inclusive community-body. We pointed out that a major weakness with previous treatments of Ephesians has been a lack of appreciation for the close connections between die exclusive Jewish attitudes toward die Gentiles and the author's encomiastic statements about Christ (2.14-18). Previous scholarship has also been substantially hampered by its attempt to 'discover' a preformed material in Eph. 2.14-18, failing to recognise the discussion in Eph. 2.11-13 which sets the parameters for understanding Eph. 2.14-22. Rather than a 'parenthesis' or 'digression', which is tangential to the primary design of die author's argument, we suggested that Eph. 2.14-18 can be best read as an amplificatio through which the author has set in comparison with the magnanimity of Christ the Jewish attitudes toward the Gentiles (w. llb-12). What becomes immediately clear in his attempt to accentuate Christ's magnanimity toward humankind is that this attempt was prompted by the Jewish tendency to exclude. The author maximises the expedient, noble act of Christ who brings peace to an estranged humanity and surmounts the social distance between Jews and Gentiles, and whose death has in his perception provided a new framework, i.e. pax Christi within which mutual acceptance or 'the oneness of spirit' between Jews and Gentiles may then be filled out (v. 18; cf. 4.1-6). Such community- enhancing metaphors as 'one new man', 'one body' and 'one spirit' signalled the importance of and were introduced to put the exclusive Jewish 'body politic' and Jewish conception about humankind in question, but they never question the legitimacy of Israel as God's choice or replace Israel. Some vital implications of Christ's reconciling work for the Christian Gentiles and, not least, for their relation to Israel are considered in the penultimate chapter of this study. Two major topoi from ancient political theorists and from the Jewish Temple are introduced by the author to surmount the 'us- them' divisions, to forge the idea of sameness and to consolidate a close relationship of Gentiles with other members of an inclusivistic community. Although die author could readily suggest that Gentiles have become fellow-citizens with 'Israel' (2.19; cf. 2.12), he nevertheless refrained from making this suggestion. The fact is that the meaning of Israel had been hijacked, transcoded and turned into an etimically-based 'body politic' (). But with 'die holy ones' (2.19), the author can redefine the relationship of die Gentiles to die Israel of God afresh. We round off our present study by considering the implications which our present study may have for future research on Ephesians
From Sinai to Jerusalem : a study of the Hebrew text of Psalm 68.
No full textAvailable from British Library Document Supply Centre-DSC:DXN048986 / BLDSC - British Library Document Supply CentreSIGLEGBUnited Kingdo
To each according to deeds : divine judgement according to deeds in second temple Judaism and in Paul's letters.
No full textPaul's use of the motif of `judgment according to deeds' corresponds terminologically, rhetorically, and theologically with its use in second temple Judaism. In order to demonstrate this thesis, the author examines the tradition- history of the motif in the Jewish Scriptures, the OT Pseudepigrapha, and the Qum- ran literature. By the beginning of the common era `judgment according to deeds' is a widespread, fundamental theological axiom, applicable to a variety of rhetorical purposes. The motif has an important soteriological function within what is now commonly termed Jewish `covenantal nomism' (not legalism). This judgment does not entail a one-for-one recompense of good or evil deeds, but views works wholistically (i. e., as a whole either good or bad), and thus as revealing one's `way' of life or `heart. ' One's deeds do not earn or merit God's grace and salvation; nevertheless, one's recompense-the blessings or the curses of the covenant-will be congruent with ("according to") this pattern of behavior, since one's works reveal what is hidden in the heart, either loyalty or disloyalty to God and his covenant. Salvation by covenant mercy and judgment according to works are complementary. In both its form and function Paul's use of the motif places him firmly within this same tradition-history. In addition, he maintains the wholistic perspective of deeds common to the Jewish tradition. Although the term `covenantal nomism' is not appropriate for Paul's thought (Christ replaces the Torah as the defining locus of electing grace), the fundamental structure of grace and works, election and obedience, salvation and judgment, remains remarkably similar. In Paul also one is justified by grace and judged according to works, issuing in eternal life or wrath. The juxtaposition of justification and judgment causes Paul no theological tension, because he inherited a way of speaking and thinking about judgment according to deeds which similarly related them without paradox
