IPO on the first day the stock market excess returns is a common anomaly.

IPO首日超额收益是证券市场上普遍存在的一种异常现象。

youdao

Or are you going to manage each individual asset class actively, trying to beat the market and generate risk-adjusted excess returns?

还是积极管理每项资产，力求获得市场水平以上的回报率，以及风险调整后的超额收益。

youdao

Or are you going to manage each individual asset class actively, trying to beat the market and generate risk-adjusted excess returns?

还是积极管理每项资产,力求获得市场水平以上的回报率,以及风险调整后的超额收益

耶鲁公开课 - 金融市场课程节选

So there's not a lot of room in the government bond market or other high-quality bond markets to generate excess returns.

所以对于政府债券或者优质债券,超额收益的空间不大

耶鲁公开课 - 金融市场课程节选

If an asset class has constituents that are efficiently priced, then it's very hard to generate excess returns.

如果某种资产的构成都是有效定价的,那么就很难产生超额回报

耶鲁公开课 - 金融市场课程节选

Exposure to value, size and momentum factors explains the excess returns from alternative index strategies.

FORBES: No Free Lunch from Alternative Indexes

Sector rotation is an extremely difficult way to earn excess returns, even when done by experts.

FORBES: Want Lower Returns? Try Timing Industry Sectors

As more money flows into an investment category, prices rise and the scope for excess returns diminishes.

ECONOMIST: The quixotic appeal of exotic assets