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Investment management |
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Investment managementThe process of managing money. Also called portfolio management and money management.Investment management Similar MatchesInvestment Valuation Model (IVM)Investment Valuation Model (IVM)The basic mathematical technique of finance that calculates the value of an investment as the present value of all future cash flows expected to be generated by the investment. Association of Investment Trust CompaniesAssociation of Investment Trust CompaniesAn association formed in 1932 to represent the interests of investment trust companies. Its main aims are the protection and promotion of the interests of its members and their shareholders. It also provides information on the composition and performance of investment trusts.Contact the AITC by phone on +44 (0)20 7282 5555 or by post at Durrant House, 8-13 Chiswell Street, London, EC1V 4YY or online at http://www.aitc.co.uk. Passive investment managementPassive investment managementBuying a well diversified portfolio to represent a broad-based market index without attempting to search out mispriced securities. Ethical investmentEthical investmentThe policy of selecting stocks for your portfolio partly on the grounds of the ethical or environmental code pursued by the companies in question.If you ask ten people what they think is ethical you will get ten different answers. Ethical views, by their very nature, are subjective.The major exclusions tend to be arms, alcohol, tobacco, gambling, animal testing, environmental damage and the payment of exploitative wages in developing countries. But the list could extend almost indefinitely and a complete screening by the Ethical Investment Research Service (EIRIS) would eliminate 60% of the FTSE 100 index.You can screen out negative factors or adopt a positive screening process and select companies with a clear environmental policy, for example.An ethical fund or portfolio of shares requires an appropriate performance benchmark. It will not reflect the market movements as a whole as it will hold a higher than average proportion of smaller companies which are much more volatile than blue chips.EIRIS maintains a database which you can use to filter an existing portfolio or to build one from scratch, using your own selection of a wide range of criteria. EIRIS: 020 7840 5700. e-mail: ethics@eiris.org website http://www.eiris.orgIn February 2000 FTSE International launched a set of stock indices called FTSE4Good. This is a tradeable and benchmark index which requires member companies to meet certain ethical standards for inclusion. Automatic reinvestmentAutomatic reinvestmentSee: Constant dollar plan. Further SuggestionsNormal investment practiceAssociation of Private Client Investment Managers and Stockbrokers Investment Company with Variable Capital Investment Management Regulatory Organisation Independent investments Investment company Unit investment trust Monthly investment plan Statutory investment Mutually exclusive investment decisions Foreign Direct Investment alternative investment Undertakings for Collective Investment in Tradable Securities Registered investment adviser Diversified investment company Investment advisory service Investment value Investment bank Investment real estate investment trust Overinvestment Recognised Investment Exchange Unamortized premiums on investments Investment certificate Investment Company Institute (ICI) |
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