The special challenges for any foreign portfolio investor include the difficulty of assessing whether local management teams are genuinely focused on shareholder value;
外国投资组合投资者所面临的特殊挑战包括：难以评估当地的管理层是否真正关注股东价值；
Fee, management a fee paid by a mutual fund investor for management of the portfolio as well as for general administration of the fund.
管理费共同基金投资者支付的管理证券资产和基金管理的费用。
The paper analyses the parameter uncertaintys effect on the investors optimal portfolio choice, it suggests if the investor ignores the estimation risk, he may by lead to take p.
文章考虑投资者自身预测力存在估计误差的感知风险（参数不确定性）对投资者最优资产组合选择问题的影响。
The investor with a portfolio of sound stocks should expect their prices to fluctuate and should neither be concerned by sizable declines nor become excited by sizable advances.
拥有稳健股票组合的投资者应预计到其股票价格会发生波动，但无论其涨跌，他都应避免因暴跌而过分担忧，或是因大涨而变得过度兴奋。
The result about the analysis of the portfolio shows that as long as arbitrage chance exists, each investor can get higher income, not increasing risk, no matter he is a risk averter or seeker.
对此套利组合的分析结果表明：只要存在无风险套利机会，无论风险投资者的偏好如何，都能在不增加风险的基础上，获得较高的收益。
The result about the analysis of the portfolio shows that as long as arbitrage chance exists, each investor can get higher income, not increasing risk, no matter he is a risk averter or seeker.
对此套利组合的分析结果表明：只要存在无风险套利机会，无论风险投资者的偏好如何，都能在不增加风险的基础上，获得较高的收益。
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