<br />
Microfinance on trial<br />
Can private equity deliver?<br />
Custodial competition and advisers<br />
Operational planning for a euro crisis<br />
Test drive: fundamentals vs. technicals<br />
SRI: strategically reasonable indifference?<br />
May/June 2012<br />
Does the world risk “a chaotic, catastrophic collapse of investor confidence”?<br />
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0<a title="May/June 2012 CFA Magazine page 1" href="http://viewer.zmags.com/publication/c4ecda78?page=1"> Microfinance on trial </a>
<a title="May/June 2012 CFA Magazine page 2" href="http://viewer.zmags.com/publication/c4ecda78?page=2"> 'HYHORSDGHHSHUXQGHUVWDQGLQJRIWKHNH\FRQFHSWV LQLQY</a>
<a title="May/June 2012 CFA Magazine page 3" href="http://viewer.zmags.com/publication/c4ecda78?page=3"> 52 60 COLUMNS 8 In Focus Upd</a>
<a title="May/June 2012 CFA Magazine page 4" href="http://viewer.zmags.com/publication/c4ecda78?page=4"> In today's marketplace, it's all about performanc</a>
<a title="May/June 2012 CFA Magazine page 5" href="http://viewer.zmags.com/publication/c4ecda78?page=5"> May/June 2012 72 “Our long-term goal is to </a>
<a title="May/June 2012 CFA Magazine page 6" href="http://viewer.zmags.com/publication/c4ecda78?page=6"> Now available from The Research Foundation of CFA</a>
<a title="May/June 2012 CFA Magazine page 7" href="http://viewer.zmags.com/publication/c4ecda78?page=7"> #))/ .%, #.(/&'.# 0& </a>
<a title="May/June 2012 CFA Magazine page 8" href="http://viewer.zmags.com/publication/c4ecda78?page=8"> IN SUMMARY The Value of Dullness “That day had</a>
<a title="May/June 2012 CFA Magazine page 9" href="http://viewer.zmags.com/publication/c4ecda78?page=9"> </a>
<a title="May/June 2012 CFA Magazine page 10" href="http://viewer.zmags.com/publication/c4ecda78?page=10"> In Focus Update on Strategic Planning BY JOHN R</a>
<a title="May/June 2012 CFA Magazine page 11" href="http://viewer.zmags.com/publication/c4ecda78?page=11"> C746>;3BC0=30A3) 0585CH H40A78BC>AH>5C74250270AC4</a>
<a title="May/June 2012 CFA Magazine page 12" href="http://viewer.zmags.com/publication/c4ecda78?page=12"> Viewpoint Market Drivers: Fundamentals vs. Techni</a>
<a title="May/June 2012 CFA Magazine page 13" href="http://viewer.zmags.com/publication/c4ecda78?page=13"> E/P = a + B1 Spread + B2LTEG + B3TSYL + B4TSYH + </a>
<a title="May/June 2012 CFA Magazine page 14" href="http://viewer.zmags.com/publication/c4ecda78?page=14"> Viewpoint companies’ fundamentals. Possibly, thi</a>
<a title="May/June 2012 CFA Magazine page 15" href="http://viewer.zmags.com/publication/c4ecda78?page=15"> MPL and MPH factors. We use these factors</a>
<a title="May/June 2012 CFA Magazine page 16" href="http://viewer.zmags.com/publication/c4ecda78?page=16"> Viewpoint Crisis Inquiry Commission has explaine</a>
<a title="May/June 2012 CFA Magazine page 17" href="http://viewer.zmags.com/publication/c4ecda78?page=17"> Viewpoint Operational Planning for a Euro Crisis </a>
<a title="May/June 2012 CFA Magazine page 18" href="http://viewer.zmags.com/publication/c4ecda78?page=18"> Viewpoint shared fiscal policy. Such a policy ch</a>
<a title="May/June 2012 CFA Magazine page 19" href="http://viewer.zmags.com/publication/c4ecda78?page=19"> counterparty risk, settlement issues, in-flight t</a>
<a title="May/June 2012 CFA Magazine page 20" href="http://viewer.zmags.com/publication/c4ecda78?page=20"> Viewpoint of multiple scenarios to build operatio</a>
<a title="May/June 2012 CFA Magazine page 21" href="http://viewer.zmags.com/publication/c4ecda78?page=21"> national Monetary Reform,” Eastern Economic Journ</a>
<a title="May/June 2012 CFA Magazine page 22" href="http://viewer.zmags.com/publication/c4ecda78?page=22"> Viewpoint An Infernal Trap BY BRUNO COLMANT, CF</a>
<a title="May/June 2012 CFA Magazine page 23" href="http://viewer.zmags.com/publication/c4ecda78?page=23"> Market INTEGRITY The Two-Year Scorecard on Regu</a>
<a title="May/June 2012 CFA Magazine page 24" href="http://viewer.zmags.com/publication/c4ecda78?page=24"> Market INTEGRITY Corporate Governance </a>
<a title="May/June 2012 CFA Magazine page 25" href="http://viewer.zmags.com/publication/c4ecda78?page=25"> Consequently, for the EU to oppose the Volcker Ru</a>
<a title="May/June 2012 CFA Magazine page 26" href="http://viewer.zmags.com/publication/c4ecda78?page=26"> Market INTEGRITY A Bolder Voice for Ethics BY</a>
<a title="May/June 2012 CFA Magazine page 27" href="http://viewer.zmags.com/publication/c4ecda78?page=27"> EMEA Region For societies across Europe</a>
<a title="May/June 2012 CFA Magazine page 28" href="http://viewer.zmags.com/publication/c4ecda78?page=28"> Market INTEGRITY Creating the Asset Mana</a>
<a title="May/June 2012 CFA Magazine page 29" href="http://viewer.zmags.com/publication/c4ecda78?page=29"> DOROTHY KELLY, CFA In January, the U.K. Financ</a>
<a title="May/June 2012 CFA Magazine page 30" href="http://viewer.zmags.com/publication/c4ecda78?page=30"> Ethics FORUM the next four days, Greenlight Cap</a>
<a title="May/June 2012 CFA Magazine page 31" href="http://viewer.zmags.com/publication/c4ecda78?page=31"> Recognize the risk of participati</a>
<a title="May/June 2012 CFA Magazine page 32" href="http://viewer.zmags.com/publication/c4ecda78?page=32"> Portfolio PERFORMANCE Strategically Reasonable</a>
<a title="May/June 2012 CFA Magazine page 33" href="http://viewer.zmags.com/publication/c4ecda78?page=33"> theme, whether climate change or clean water) wer</a>
<a title="May/June 2012 CFA Magazine page 34" href="http://viewer.zmags.com/publication/c4ecda78?page=34"> Portfolio PERFORMANCE PRACTICE Differe</a>
<a title="May/June 2012 CFA Magazine page 35" href="http://viewer.zmags.com/publication/c4ecda78?page=35"> </a>
<a title="May/June 2012 CFA Magazine page 36" href="http://viewer.zmags.com/publication/c4ecda78?page=36"> Analyst AGENDA Worth the Risk? Privately hel</a>
<a title="May/June 2012 CFA Magazine page 37" href="http://viewer.zmags.com/publication/c4ecda78?page=37"> cash flow. Next, they ascertain whether the owner</a>
<a title="May/June 2012 CFA Magazine page 38" href="http://viewer.zmags.com/publication/c4ecda78?page=38"> Career CONNECTION Turning Whistles into Trump</a>
<a title="May/June 2012 CFA Magazine page 39" href="http://viewer.zmags.com/publication/c4ecda78?page=39"> It is also gratifying to see the geograph</a>
<a title="May/June 2012 CFA Magazine page 40" href="http://viewer.zmags.com/publication/c4ecda78?page=40"> Career CONNECTION company in an investigation is</a>
<a title="May/June 2012 CFA Magazine page 41" href="http://viewer.zmags.com/publication/c4ecda78?page=41"> F420=zC3>8C F8C7>DCH>D Together we are shap</a>
<a title="May/June 2012 CFA Magazine page 42" href="http://viewer.zmags.com/publication/c4ecda78?page=42"> Trading TACTICS Herding Apples Can new metho</a>
<a title="May/June 2012 CFA Magazine page 43" href="http://viewer.zmags.com/publication/c4ecda78?page=43"> or the volatility index. Polls are also conducted</a>
<a title="May/June 2012 CFA Magazine page 44" href="http://viewer.zmags.com/publication/c4ecda78?page=44"> Private CLIENT CORNER Custodial C</a>
<a title="May/June 2012 CFA Magazine page 45" href="http://viewer.zmags.com/publication/c4ecda78?page=45"> the number or the quality of the third-party prov</a>
<a title="May/June 2012 CFA Magazine page 46" href="http://viewer.zmags.com/publication/c4ecda78?page=46"> Does the world risk “a chaotic, catastrophic coll</a>
<a title="May/June 2012 CFA Magazine page 47" href="http://viewer.zmags.com/publication/c4ecda78?page=47"> Then the hot money started pouring in, spi</a>
<a title="May/June 2012 CFA Magazine page 48" href="http://viewer.zmags.com/publication/c4ecda78?page=48"> Japan's Balance of Trade (¥ </a>
<a title="May/June 2012 CFA Magazine page 49" href="http://viewer.zmags.com/publication/c4ecda78?page=49"> The developing world is strictly collatera</a>
<a title="May/June 2012 CFA Magazine page 50" href="http://viewer.zmags.com/publication/c4ecda78?page=50"> wins,” he says. “There will be a lot of wealth de</a>
<a title="May/June 2012 CFA Magazine page 51" href="http://viewer.zmags.com/publication/c4ecda78?page=51"> BANK BY LORI PIZ</a>
<a title="May/June 2012 CFA Magazine page 52" href="http://viewer.zmags.com/publication/c4ecda78?page=52"> requirements, which include new processes and rep</a>
<a title="May/June 2012 CFA Magazine page 53" href="http://viewer.zmags.com/publication/c4ecda78?page=53"> The situation in the eurozone goes beyond </a>
<a title="May/June 2012 CFA Magazine page 54" href="http://viewer.zmags.com/publication/c4ecda78?page=54"> Show-MeBANK ING “There is a way to have a fin</a>
<a title="May/June 2012 CFA Magazine page 55" href="http://viewer.zmags.com/publication/c4ecda78?page=55"> banks, private equity funds, credit unions, and s</a>
<a title="May/June 2012 CFA Magazine page 56" href="http://viewer.zmags.com/publication/c4ecda78?page=56"> Just ask the people in Iceland or Ireland or Gree</a>
<a title="May/June 2012 CFA Magazine page 57" href="http://viewer.zmags.com/publication/c4ecda78?page=57"> Institute 9-10 May, 2012 — Marina Bay Sands Conf</a>
<a title="May/June 2012 CFA Magazine page 58" href="http://viewer.zmags.com/publication/c4ecda78?page=58"> E AFFAIR A PRIVATE BY MAHA KHAN PHILLIPS </a>
<a title="May/June 2012 CFA Magazine page 59" href="http://viewer.zmags.com/publication/c4ecda78?page=59"> that a lot of deals were still sitting in books b</a>
<a title="May/June 2012 CFA Magazine page 60" href="http://viewer.zmags.com/publication/c4ecda78?page=60"> 58 </a>
<a title="May/June 2012 CFA Magazine page 61" href="http://viewer.zmags.com/publication/c4ecda78?page=61"> 20 doesn’t seem to be coming under pressure but </a>
<a title="May/June 2012 CFA Magazine page 62" href="http://viewer.zmags.com/publication/c4ecda78?page=62"> A VALUES-BASED Value INVESTOR BY JONATHAN BARNE</a>
<a title="May/June 2012 CFA Magazine page 63" href="http://viewer.zmags.com/publication/c4ecda78?page=63"> screening process to narrow down the list. The fi</a>
<a title="May/June 2012 CFA Magazine page 64" href="http://viewer.zmags.com/publication/c4ecda78?page=64"> for returns. Muslims sometimes refer to a concept</a>
<a title="May/June 2012 CFA Magazine page 65" href="http://viewer.zmags.com/publication/c4ecda78?page=65"> Standardizing Isl amic Investment The Account</a>
<a title="May/June 2012 CFA Magazine page 66" href="http://viewer.zmags.com/publication/c4ecda78?page=66"> IN HONG KONG, pawnshops are a ubiquitous part of </a>
<a title="May/June 2012 CFA Magazine page 67" href="http://viewer.zmags.com/publication/c4ecda78?page=67"> qualify for the money. Other borrowers have repor</a>
<a title="May/June 2012 CFA Magazine page 68" href="http://viewer.zmags.com/publication/c4ecda78?page=68"> under the control of state governments, a situa- </a>
<a title="May/June 2012 CFA Magazine page 69" href="http://viewer.zmags.com/publication/c4ecda78?page=69"> Blending Social and Financial Goals BY JAMES VA</a>
<a title="May/June 2012 CFA Magazine page 70" href="http://viewer.zmags.com/publication/c4ecda78?page=70"> Other practices, such as deducting the dep</a>
<a title="May/June 2012 CFA Magazine page 71" href="http://viewer.zmags.com/publication/c4ecda78?page=71"> EMEA VOICE EMEA Societies Respond to Members' C</a>
<a title="May/June 2012 CFA Magazine page 72" href="http://viewer.zmags.com/publication/c4ecda78?page=72"> CFA Institute </a>
<a title="May/June 2012 CFA Magazine page 73" href="http://viewer.zmags.com/publication/c4ecda78?page=73"> Asia-Pacific FOCUS CFA Institute in the Year of </a>
<a title="May/June 2012 CFA Magazine page 74" href="http://viewer.zmags.com/publication/c4ecda78?page=74"> Chapter 10 I Believe in Lunch BY RALPH WANG</a>
<a title="May/June 2012 CFA Magazine page 75" href="http://viewer.zmags.com/publication/c4ecda78?page=75"> </a>
<a title="May/June 2012 CFA Magazine page 76" href="http://viewer.zmags.com/publication/c4ecda78?page=76"> ! !(!$)$ &!+.% </a>