efficient
101Efficient portfolio — A portfolio that provides the greatest expected return for a given level of risk ( i.e. standard deviation), or equivalently, the lowest risk for a given expected return. The New York Times Financial Glossary …
102Efficient set — Graph representing a set of portfolios that maximize expected return at each level of portfolio risk. The New York Times Financial Glossary …
103efficient capital market — A market in which new information is very quickly reflected accurately in share> prices. Bloomberg Financial Dictionary …
104efficient diversification — The organizing principle of portfolio theory, which maintains that any risk averse investor will search for the highest expected return for any particular level of portfolio risk. Bloomberg Financial Dictionary …
105efficient frontier — The combinations of securities portfolios that maximize expected return for any level of expected risk, or that minimizes expected risk for any level of expected return. Pioneered by Harry Markowitz. Bloomberg Financial Dictionary …
106efficient markets theory — ( EMT) Principle that all assets are correctly priced by the market, and that there are no bargains. Bloomberg Financial Dictionary …
107efficient set — Graph representing a set of portfolios that maximize expected return at each level of portfolio risk. Bloomberg Financial Dictionary …
108Efficient Portfolio Management — ( EPM) The EPM regulations set out the ways in which certain types of unit trust may use derivatives. EPM requires that all derivatives positions of the trust are covered. Dresdner Kleinwort Wasserstein financial glossary …
109efficient financial market — A market that offers transparency, liquidity, low transaction costs and price movements. London Stock Exchange Glossary …
110efficient cause — noun Philosophy an agent that brings a thing into being or initiates a change …