成果注解，第一，行业集中度较高的基金年逾额收益率(Jenson alpha)为10。77%，而行业集中度较低的基金年逾额收益率(Jenson alpha)为13。
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资本总额收益率 all capital earnings rate ; return on total asset
超额收益率 excess returns ; adjusted return ; AARt ; CAAR
资产总额收益率 return on total assets ; all capital earnings rate ; Rate earned on total assets ; return on gross assets
平均超额收益率 CAAR
买入并持有超额收益率 BHAR
累计超额收益率 Cumulative Abnormal Return
超额收益率法 Abnormal Returns Methodology
累计平均超额收益率 CAAR
并持有超额收益率 BHAR
就像购买低信誉高收益率公司的债券一样，养老金基金承担的风险越大，它的未来债务额就显得越小。
The more risk the pension fund takes (for example, by buying high-yielding bonds of companies with poor credit ratings), the lower its liabilities appear to be.
美国股市前一交易日上涨，美国11月份零售额好于预期，推动股市走高，国债收益率上升。
U.S. stocks climbed yesterday after better-than-forecast retail sales helped equities withstand a surge in Treasury yields.
剔除汽车、汽油、建材、食品和服务等项目的影响后，美国“核心零售额”增长了0.9%。分析人士预测收益率将达到0.3%。
When cars, petrol, building materials and food services are stripped out "core retail sales" rose by 0.9% in April. Analysts had forecast a 0.3% gain.
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