The big question is whether aid groups will actually be able to make this happen or will they end up re-pocketing the funds for use elsewhere.

VOA: standard.2010.06.17

If the Fed wants to push the Federal Funds Rate up and down it goes and buys short-term government bonds.

如果联邦希望推动,联邦资金利率上升下降,它将会去买短期的政府债券。

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They bought after the funds had gone up and they sold after they had gone down.

基金上涨后他们买入,基金下跌他们就卖出

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Systematically, investors are buying after things have gone up, selling after they've gone down, and the problem is most severe in those funds that show the greatest volatility.

投资者都一窝蜂似的,上涨之后才买进,下跌之后才卖出,对于波动最大的那些基金,问题更严重

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So you just say,okay fine, this is the macro circumstance that we're dealing with and we're going to do absolutely the best job we can identifying individual,specific,bottom-up opportunities to deploy the funds.

于是你只能说,好吧,这就是我们要应对的宏观环境,我们绝对要全力以赴,发掘独特,明确,由下而上的机会,来配置基金进行投资

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If you look at the ten best-performing Internet funds from 1997 to 2002, the time-weighted return is 1.5% per year positive, so the funds went way up and then they went way down.

这十个表现最好的网络投资基金,从1997年到2002年,时间加权回报率是每年1.5%,基金一路涨涨跌跌

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