Mais les résultats doivent être attendus longtemps et il n'y a généralement pas de temps amoxicilline prix L'autre cas, c'est que l'achat d'un ou d'un autre antibiotique dans une pharmacie classique nécessite des dépenses matérielles considérables et pas toutes les personnes ne peuvent acheter des produits pharmaceutiques aussi coûteux.
BJM Global Philosophy and ProcessBJM Global Funds
Investing Offshore with BJM Private Client Services
BJM Private Client Services offer four managed global funds, each
of these having a distinct risk return profile designed to meet clients differing
We follow a multi-managed approach and use Rand Merchant Bank
International as our administrators and advisors.
d USD retu
Funds are managed based on the following philosophy and process:
p.a expecte 5.5
■ Risk return profiles improve with a broader array of asset classes.
■ Investment styles differ in their effectiveness at different stages of the
■ Active management success is dependent on the efficiencies of markets,
Based on expected returns for asset categories. We would expect
to achieve higher returns than reflected above.
■ Managers that adhere to their stated investment style, produce better long-
term relative returns than those who attempt to alter style to suit current
■ A multi manager approach is appropriate.
■ More focus is placed on active management in markets with a deeper set of
■ Only managers that have a clearly defined and well-articulated philosophy
adhered to on a consistent basis are considered.
■ Complementary manager styles are blended to capture above market
returns and avoid index replication.
Strategic asset allocation constitutes the most important step in portfolio
construction. Efficient funds are built by combining asset classes that vary in
response to the forces that drive markets. Funds have been constructed with
differing asset category weightings to meet specific risk profiles.
Worst Global Growth
■ Degrees of efficiency are assessed to determine approach to each
Best Global Growth
■ Investment styles are researched and those styles likely to be
Average Global Growth
successful in each asset class are identified.
Worst Global Balanced
Best Global Balanced
■ Managers who are skilful exponents of strategies are identified.
Average Global Balanced
■ Manager combining and portfolio c nstruction
Worst Global Secure
■ Managers must have complementary, not offsetting characteristics.
Best Global Secure
Average Global Secure
■ Ensures that there is no deviation from the stated process.
The information and opinions contained in this document are recorded and expressed in good faith and in reliance on sources believed to be credible. However, no representation, warranty, undertaking or guarantee
of whatever nature is made or given concerning the accuracy and/or completeness of such information and/or correctness of such opinions. Neither BJMH nor BJMPCS will accept any responsibility for any investment decisions
based on the information and opinions contained in this document.
BJM Private Client Services (Pty) Ltd (Reg no. 1996/011732/07) | Member of the JSE | Authorised Financial Services & Credit Provider (NCRCP4007) | Part of the FirstRand Group.
Regulating NeedDeciding on public financial intervention withinthe fields of healthcare and development aidAnna Krohwinkel-Karlsson and Ebba SjögrenRegulating NeedDeciding on public financial intervention withinthe fields of healthcare and development aidAnna Krohwinkel-Karlsson and Ebba SjögrenScore working paper 2006:1ISBN 91-89658-38-8ISSN 1404-5052 Deciding on public financial intervent
Oncodevelopmental Biology and Medicine, 4 (1983) 219-229 ARE THERE FACTORS PREVENTING CANCER DEVELOPMENT DURING EMBRYONIC LIFE? Department of Oncology of the Karolinska Institute and Hospital (Radiumhemmet) and the NationalBacteriological Laboratory, S-104 01 Stockholm, Sweden On the basis of the following literature observations, a hypothesis is advanced that the development ofcancer is a