Management Style Risk: Different
types of securities tend to shift into and out of favor with investors depending on market and economic conditions.
Not exact matches
The best measure
of those preferences is the behavior
of market internals across a wide variety
of securities, industries, sectors, and
security types, because when investors are risk - seeking, they
tend to be indiscriminate about it.
When investors are inclined to speculate, they
tend to be indiscriminate about it, and for that reason, we've found that the most reliable measure
of investor psychology is the uniformity or divergence
of market action across a wide range
of individual stocks, industries, sectors, and
security types, including debt
securities of varying creditworthiness.
Because risk - seeking investors
tend to be indiscriminate about it, we find that the best measure
of risk - seeking is the uniformity
of market internals across a broad range
of individual stocks, industries, sectors, and
security types, including debt
securities of varying creditworthiness.
Since different
types of equity
securities (e.g., large - cap, mid-cap, small - cap)
tend to shift into and out
of favor with investors depending on market and economic conditions, the performance
of the Fund may also be worse than the performance
of equity funds that focus on other
types of equities or have a broader investment style when the adviser's management style is out -
of - favor.
Internet - only banks
tend to offer significantly better rates on every
type of savings instrument without giving up the
security of FDIC insurance.
Our results indicate that like many
types of structured products, DDs
tend to be priced at a significant premium to present value across issuers and underlying
securities and that the present value
of the decomposition is smaller than the face value net
of commissions.
Having valued nearly all DD structured products registered with the SEC through 2012, our results indicate that like many
types of structured products, DDs
tend to be priced at a significant premium to present value across issuers and underlying
securities.
These days
security concerns
tend to lead to demands for «two - factor authentication», which ideally should mean two
types of factors from these three different
types of authentication methods.