They also grow more in countries that have institutional structures that encourage investing in mutual funds, such as pension plans.

此外,在那些,建立了鼓励投资共同基金制度结构,比如养老基金计划的国家,共同基金的发展也比较快

耶鲁公开课 - 金融市场课程节选

The mutual fund theory that we gave last time said, no the mutual fund is just supposed to be diversifying for you.

但上节课讲到的共同基金定理认为,共同基金的目的是分散投资

耶鲁公开课 - 金融市场课程节选

Most mutual funds are providing some diversification service and they're also trying to beat the market.

大多数共同基金不仅提供分散投资服务,同时他们也试图获利

耶鲁公开课 - 金融市场课程节选

They can--in mutual funds, it's daily liquidity, but their investors tend not to be as wide-awake.

他们可以-在共同基金中，保证日常的现金流，但是它们的投资者似乎不愿意一直保持清醒。

耶鲁公开课 - 金融市场课程节选

A mutual fund is an investment vehicle that allows investors to hold a portfolio.

共同基金是一种投资手段,允许投资者持有一种投资组合。

耶鲁公开课 - 金融市场课程节选

The theory of mutual funds is: nobody is supposed to be holding anything other than-- ... the ideal theory of mutual funds--is holding something other than this tangency portfolio.

共同基金定理是指：,所有人都应该持有-,理想的共同基金定理说,都应该持有这种切线投资组合。

耶鲁公开课 - 金融市场课程节选

What most people are doing when they go into a mutual fund is they're trying to find smart people who will beat the market-- who will pick those stocks that will do well.

大多数人投资共同基金,实际是在寻找聪明之辈,来帮助他们获取更高收益率...,来挑选表现最为优异的股票

耶鲁公开课 - 金融市场课程节选

I asked you in the final question to just get on a couple of websites, The Federal Reserve and the ICI, which is a mutual industry website, and write a little bit, a couple paragraphs about what this industry is really achieving or how it's trending.

我最后再要求你们,去浏览下一些网站，像联邦储备和美国投资公司协会网站，都是共同基金产业的网站，然后稍微写几段，关于这个产业的成就,或者他们的发展趋势。

耶鲁公开课 - 金融市场课程节选

It will be about the securities market line, about the beta, about the mutual fund theorem, and it will also be about institutions that we have--about investment companies and their management.

证券市场的风险线,beta系数,共同基金定律,还有当下的一些金融机构,包括投资公司,以及他们的管理

耶鲁公开课 - 金融市场课程节选