The phrase
"equivalent position" means a job or role that is of the same value, responsibility, or level as another job or role. It implies that the positions are similar in terms of skills required, authority, and compensation.
Full definition
The manager gets no credit (or blame) for directional bets that are represented by
equivalent positions in the reference portfolio.
If you've been trading options for awhile and never bothered to learn
about equivalent positions, this post contains information that can make your trading more efficient.
The composition of the reference portfolio over this shorter period was different from the previous one, although the top - six
equivalent positions also accounted for more than 80 % of holdings.
The fund had
major equivalent positions in the PowerShares BuyBack Achievers Portfolio (PKW; an index - based ETF), WisdomTree MidCap Dividend Fund (DON), Guggenheim S&P 500 ® Equal Weight Technology ETF (RYT), FlexShares Quality Dividend Index Fund (QDF), PowerShares Dynamic Market Portfolio (PWC), and First Trust Large Cap Value AlphaDEX ® Fund (FTA).
The fund had
top equivalent positions in the SPDR ® S&P ® International Small Cap ETF (GWX), iShares MSCI EAFE Growth ETF (EFG), iShares MSCI United Kingdom ETF (EWU), iShares MSCI Germany ETF (EWG), and iShares MSCI Italy Capped ETF (EWI).
In addition, they estimate more than 700,000 full -
time equivalent positions existed in 2011 due to projects receiving IDA assistance.
When Megan Evans joined The Hospital for Sick Children in 2007, also known as SickKids, there was no general counsel or
equivalent position at the Toronto - based institution.
But, while the question refers to both Presidents and Prime Ministers, there are only two countries in the world that have term limits for Prime Ministers or
equivalent positions with another name: China and Vietnam.
A similar evaluation of the fund over a bit shorter period reveals a
dominant equivalent position in the Vanguard Dividend Appreciation ETF (VIG).
«We will continue to reduce the head count in Monroe County for 2014 by nearly 121 full time
equivalent positions for a savings of $ 6 million.»
The Other component in the above chart
includes equivalent positions in six other ETFs, collectively averaging 20.7 % in the entire analysis period.
Alpholio ™ solves this problem by providing an up - to - date analysis of the fund, which clearly shows
all equivalent positions in exchange - traded products (ETPs).
Recently, the fund's three
largest equivalent positions were in the iShares Russell Mid-Cap Growth ETF (IWP; weight of about 41 %), iShares Nasdaq Biotechnology ETF (IBB; 24 %), and Vanguard Energy ETF (VDE; 23.6 %).
Of those, the iShares 1 - 3 Year Treasury Bond ETF (SHY; 4.9 %) is a short - term fixed -
income equivalent position in this otherwise stock - oriented fund.
There were 313,092 full - time and full - time
equivalent positions employed by the City of New York as of June 30, the final day of last fiscal year, according to headcount data provided by the Mayor's Office of Management and Budget (OMB).
The program works like this: Full - time faculty members with independent research programs (postdocs are not eligible) apply via the program's Web site; researchers
holding equivalent positions in industry of nonacademic labs may also apply.
They wanted to have
equivalent positions so that they would be on the same professional footing, they wanted to be together, and they wanted to have sufficient time to spend with their children.
As postdocs get a better sense of what tenure - track faculty or
equivalent positions entail, they may find that their skills, interests, and values better align with other career opportunities.
The fund had
main equivalent positions in the iShares MSCI Italy Capped ETF (EWI), WisdomTree Europe SmallCap Dividend Fund (DFE), Guggenheim CurrencyShares ® Euro Trust (FXE), iShares MSCI Poland Capped ETF (EPOL), iShares Latin America 40 ETF (ILF), and Global X MSCI Greece ETF (GREK).
However, the fund also had
significant equivalent positions in the Vanguard Health Care ETF (VHT; 12.3 %), iShares Morningstar Large - Cap Growth ETF (JKE; 8.8 %), PowerShares Dynamic Market Portfolio (PWC; 8.8 %), and iShares Morningstar Mid-Cap Growth ETF (JKH; 8.3 %).
However, the fund also had
substantial equivalent positions in the iShares Morningstar Small - Cap ETF (JKJ; 17 %), Vanguard Consumer Discretionary ETF (VCR; 13.4 %), iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD; 12.4 %), Vanguard Health Care ETF (VHT; 8.5 %), and iShares MSCI EMU ETF (EZU; 7.1 %).
The fund's dominant
equivalent position continued to be the SPDR ® S&P MIDCAP 400 ® ETF (MDY), followed by SPDR ® S&P ® Insurance ETF (KIE), Vanguard Consumer Discretionary ETF (VCR), and iShares S&P Mid-Cap 400 Growth ETF (IJK).
A
related equivalent position in LQD (iShares Investment Grade Corporate Bond ETF) also illustrates cash - similar instruments held in this equity fund.
The high -
growth equivalent position in FDN counter-balanced the lower - growth positions in EFG and WPS to produce a reference portfolio closely resembling the fund.
The ETF had
major equivalent positions in the SPDR ® S&P ® 500 Value ETF (SPYV), SPDR ® Morgan Stanley Technology ETF (MTK), iShares U.S. Broker - Dealers & Securities Exchanges ETF (IAI), First Trust Large Cap Value AlphaDEX ® Fund (FTA), iShares U.S. Healthcare Providers ETF (IHF), and iShares Transportation Average ETF (IYT).
The new
top equivalent positions included the PowerShares S&P 500 Quality Portfolio (SPHQ), iShares MSCI United Kingdom ETF (EWU), PowerShares Dynamic Food & Beverage Portfolio (PBJ), iShares U.S. Insurance ETF (IAK), and Industrial Select Sector SPDR ® Fund (XLI).
Not surprisingly, the fund's
equivalent position with the highest average weight was in the iShares Core S&P Small - Cap ETF (IJR; average weight of 20.8 %).
If an employer can not hold a position open during the entire requested leave period without incurring undue hardship, the employer must consider whether it has a vacant,
equivalent position for which the employee is qualified and then reassign the employee to that position to begin working at the end of the leave period.
The final chart with related statistics illustrates the performance of the fund and its
dominant equivalent position, the aforementioned AIA:
Its
largest equivalent positions were in the Vanguard Value ETF (VTV; average weight of 46.7 %), iShares Core U.S. Value ETF (IUSV, formerly IWW; 15.3 %), Vanguard Financials ETF (VFH; 10.9 %), iShares Morningstar Large - Cap ETF (JKD; 5.0 %), iShares Global Financials ETF (IXG; 3.8 %), and iShares Transportation Average ETF (IYT; 3.8 %).
If you read the recent post
about equivalent positions, then you know that writing a covered call is equivalent to (same risk and reward profile) selling a naked (uncovered) put option when the strike price and expiration date are the same for the put and call options.
Overall, the budget reductions may mean some job losses: The agency's total number of full
time equivalent positions would drop to 12,222 under the budget proposal, down from 12,388 this year.
The fund had major
equivalent positions in the Schwab International Small - Cap Equity ETF (SCHC), WisdomTree International SmallCap Dividend Fund (DLS), First Trust Dow Jones Global Select Dividend Index Fund (FGD), iShares MSCI United Kingdom ETF (EWU), PowerShares DWA Industrials Momentum Portfolio (PRN), and Vanguard FTSE Europe ETF (VGK).
Bloomberg reports that Gross increased the $ 258.7 billion Total Return Fund's net cash - and -
equivalent position to negative 18 % from negative 23 %.
Their fundraising campaign features a series of challenges against OURFC, in which every time the campaign reaches a # 500 milestone, one player on the women's team will challenge
their equivalent position on the men's team!
TOWN OF WALLKILL — Orange Regional Medical Center in the Town of Wallkill will lay off 80 full - time
equivalent positions and Catskill Regional Medical Center in Harris will lay off 60 full - time equivalent positions.
The law defines a «public officer» to mean any elected official in New York, anyone appointed to public office by the governor, and any county, city, town, or village administrator, manager or
equivalent position.