ETFs have been around since 1990, when the first fund was launched in Canada.

ETFs大约在1990年成立，第一笔资金在加拿大投放市场发行。

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Guotai Asset Management Co., a Shanghai-based fund manager, in April started the first fund in China to track a u.

上海国泰基金管理有限公司4月份发起中国第一只跟踪美股指数的基金。

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Blackstone closed its first fund and locked in investor commitments on October 15th 1987-just days before Black Monday.

1987年10月15日，黑石集团关闭了公司的首支基金，并锁定了投资者的委托资金——这仅发生在黑色星期一的前几天。

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Both the World Bank and the International Monetary Fund expect the world economy to shrink this year for the first time since World War Two.

VOA: special.2009.03.13

The hedge fund world is 7.1% first to third quartile, real estate 9.3% per annum, leveraged buyouts 13.7% per annum this is over a ten-year period, so now we're starting to talk about some pretty significant dispersion.

在对冲基金中,这个差距有7.1%,不动产投资中的差距是9.3%,杠杆收购中是每年13.7%,以上都是十年期收益,我们现在谈的是,一些显著的差距

耶鲁公开课 - 金融市场课程节选

Few had expected India's Reserve Bank to be the first to buy the International Monetary Fund's gold.

VOA: standard.2009.11.06

We are the first fund that invests in core-level infrastructure of the new generation economy.

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Manning formed a broker dealer, lured institutional investors and floated his first fund for them--on Black Monday, Oct. 19, 1987.

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Yet they are locked in because they may have borrowed from their firm in order to commit to their first fund.

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