Our current portfolio has 11% allocated to domestic equities, 15% to foreign equities,and 4% to bonds, so traditional marketable securities account for 30% of assets.
我们当前的投资组合中11%是国内股,15%是国外股,4%是债券,所以传统有价证券占总资产的30%
This is residential investment in the United States as a fraction of GDP.
美国国内生产总值的一部分,就是住宅投资
That is a new part of India's economy, and to the extent that by globalization, one needs more foreign investment and increased connection to foreign trade they are playing a role but India's economy growth is largely being driven by internal investments.
那也是印度经济,新的组成部分,从某种层面来说,由于全球化,经济发展需要,吸引更多外资,促进外贸,这些因素确实起了作用,但印度经济增长大部分还是靠,国内投资。
I mentioned that our domestic equity target was 11%.
我提过我们的国内股投资,占总资产的11%
You can see that residential investment, as a fraction of GDP, has been very variable through history of the United States since World War II and that it's had a strong relationship with recessions.
住宅投资要计入,国内生产总值,纵观美国自二战以来,这部分投资,变动很大,而且与衰退存在着密切关联
Well,that's going to inflate the numbers too because the only managers that kind of raise their hand and say, hey I've got this interesting new approach to managing domestic equities--or whatever the asset class is -are the ones that have succeeded.
当然是会让指数起点偏高,因为经理人倾向于提供那些,举手说找到有趣的新方法,来管理国内股权投资,或其他投资的,成功的历史数据
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