Page 17 - Book Catalogue 2022

dŚĞ ŝīĞƌĞŶĐĞ ĞƚǁĞĞŶ ůĂƐƐŝĐĂů ĂŶĚ WŽƉƵůĂƌ DƵƐŝĐ dŚĞŽƌLJ

2QH RI WKH VWULNLQJ GLIIHUHQFHV EHWZHHQ FODVVLFDO PXVLFLDQV DQG FRQWHPSRUDU\ PXVLFLDQV LV WKDW LQ WKH PDMRULW\
RI LQVWDQFHV FRQWHPSRUDU\ PXVLFLDQV DUH UHVSRQVLEOH IRU WKH FUHDWLRQ RI WKHLU RZQ SDUWV ZKHUHDV WKH FODVVLFDO
PXVLFLDQ FRPSRVHUV QRW ZLWKVWDQGLQJ LV RIWHQ UHFUHDWLQJ SDUWV DOUHDG\ ZULWWHQ E\ WKH FRPSRVHU DQG DV VXFK
LV IRFXVHG SUHGRPLQDQWO\ RQ H[HFXWLRQ

2I FRXUVH D JUHDW PDQ\ PXVLFDO VNLOOV EH WKH\ KDUPRQLF PHORGLF UK\WKPLF RU WHFKQLFDO LQ QDWXUH DUH
WUDQVIHUDEOH DQG WUDQVFHQG JHQUH EXW WKH FRQWHPSRUDU\ PXVLFLDQ¶V QHHG WR FRPSRVH WKHLU SDUWV DQG RIWHQ
LPSURYLVH WKHP UHTXLUHV D VSHFLILF XQGHUVWDQGLQJ RI DOO RI WKH IXQGDPHQWDOV LQYROYHG LQ WKH SURGXFWLRQ RI WKH
SLHFH RU FRQWH[W ZLWKLQ ZKLFK WKH\ DUH SHUIRUPLQJ

$ JUHDW H[DPSOH RI WKLV LV WKH FRQWHPSRUDU\ PXVLFLDQ¶V QHHG WR FUHDWH SDUWV RIWHQ DW VLJKW WR FKRUG FKDUWV ,Q
RUGHU WR GR WKLV WKH FRQWHPSRUDU\ PXVLFLDQ QRW RQO\ QHHGV WR KDYH WUDQVIHUDEOH VNLOOV VXFK DV JUHDW WRQH WLPH
DQG FRQWURO RI G\QDPLFV EXW DOVR DQ DGYDQFHG DQG SUDFWLFDO XQGHUVWDQGLQJ RI WKH DSSURSULDWH KDUPRQLF DQG
UK\WKPLF QXDQFHV RI WKH SLHFH

+HUH¶V D KDUPRQLF H[DPSOH
$ * FKRUG UHVROYLQJ WR D & PDMRU FKRUG KDV DQ DEXQGDQFH RI SRWHQWLDO VFDOHV 0L[RO\GLDQ /\GLDQ 'RPLQDQW
WK
+DOI-:KROH 'LPLQLVKHG $OWHUHG 6FDOH PRGH RI +DUPRQLF 0LQRU DQG VR RQ IURP ZKLFK WKH SHUIRUPHU PD\
FUHDWH VW\OLVWLFDOO\ DSSURSULDWH SDUWV

7KH H[SHULHQFHG SHUIRUPHU NQRZV DQG FDQ KHDU ZKLFK WKH PRVW YLDEOH RSWLRQV DUH EDVHG RQ WKH VW\OLVWLF
GHPDQGV RI WKH SLHFH DQG QHHGV WR KDYH GHYHORSHG D VXLWDEOH YRFDEXODU\ IURP ZKLFK WR FRPSRVH DQG H[HFXWH D
EURDGFDVW-TXDOLW\ SHUIRUPDQFH

7KLV SUDFWLFDO KDUPRQLF NQRZOHGJH LV RIWHQ EHVW GHYHORSHG IURP OHDUQLQJ DQG DSSO\LQJ FRQWHQW HLWKHU

D GHYRLG RI FRQWH[W DQ LQWHUYDO FKRUG RU VFDOH DW D WLPH XQWLO DOO UHOHYDQW FKRUGV VFDOHV DQG WKHLU IXQFWLRQV
DUH OHDUQW
E ZLWKLQ D FRQWH[W WUDQVFULEHG IURP DQG DSSOLHG WR FRPSRVLWLRQV

7KH HVVHQWLDO VWXG\ RI WKH VW\OLVWLFDOO\ DSSURSULDWH KDUPRQLF UK\WKPLF PHORGLF DQG WHFKQRORJLFDO IXQGDPHQWDOV
LV WKH VWXG\ RI 3RSXODU 0XVLF 7KHRU\ DQG ZLOO WHDFK QRW RQO\ WKH FRPSRQHQW SDUWV EXW DOVR JLYH PXOWLSOH
H[DPSOHV RI WKHLU DSSOLFDWLRQ )URP ZZZ PXVLFURRP FRP

ZŽĐŬƐĐŚŽŽů WŝĂŶŽ

ZŽĐŬƐĐŚŽŽů WŝĂŶŽ 'ƌĂĚĞ ŝƐ ƚŚĞ ĂƐƐƵƌĞĚ ƌŽƵƚĞ ƚŽ ŝŵƉƌŽǀŝŶŐ LJŽƵƌ ƉůĂLJŝŶŐ ĂďŝůŝƚLJ͕ ĞdžƉĂŶĚŝŶŐ LJŽƵƌ ŬŶŽǁůĞĚŐĞ ĂŶĚ ĞŶƐƵƌŝŶŐ Ă
ƚƌƵůLJ ƐŽůŝĚ ĨŽƵŶĚĂƟŽŶ ĨŽƌ LJŽƵƌ ĨƵƚƵƌĞ ĚĞǀĞůŽƉŵĞŶƚ͗ ďŽƚŚ ƚĞĐŚŶŝĐĂůůLJ ĂŶĚ ƚŚĞŽƌĞƟĐĂůůLJ͘ ĞǀĞůŽƉ ĂƐ ĂŶ ĂĐĐŽŵƉĂŶŝƐƚ͕ ƐŽůŽŝƐƚ͕
ƐŝŐŚƚ-ƌĞĂĚĞƌ ĂŶĚ ŝŵƉƌŽǀŝƐĞƌ͕ ǁŚŝůƐƚ ƉƌĂĐƟƐŝŶŐ ĂŶĚ ƉĞƌĨŽƌŵŝŶŐ ƚŽ ƉƌŽĨĞƐƐŝŽŶĂů ďĂĐŬŝŶŐ ƚƌĂĐŬƐ͘

ϭϳ