Dengan gigihnya Naya terus mengejar Edgar, apalagi dengan dukungan dari keluarga Edgar pada Naya semakin membuat gadis itu mencari celah untuk meruntuhkan kerasnya hati Edgar. Tapi sebesar apapun usahanya jika tidak ada balasan akan ada saatnya Naya menyerah, dan ketika itu Edgar baru sadar kalau hatinya tidak lagi sama. Free download novel terjemahan. Penolakan Edgar tidak membuat Kanaya menyerah. Cewek ceplas ceplos yang bikin Edgar senewen menghadapinya, yang selalu mengejar-ngejarnya.

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Historical Places Of Kutch District Panchayat Explore the Sanctuary - Kutch Great Indian Bustard Sanctuary Rainy season to the end of winters is the best time to enjoy this wondrous sanctuary. The most ideal way to enjoy this retreat is, taking a walk around the natures cradle while befriending various species of the Bustard family. Look around for the Black and Gray Francolin, the Spotted and Indian Sangrouse, Quails, Larks, Shrikes, Coursers and Plovers.

And if you are lucky, you might catch fluttering glimpses of rare species of Stolicska’s Bushchat and White-naped Tit. Narayan Sarovar In a land replete with pilgrimage sites, Narayan Sarovar is a different kind of holy experience.

At almost the westernmost point of land in India, it can only be reached by traveling over 100 km from Bhuj across the barren scrubland of Kutch. A journey after which the appearance of a vast lake will surprise you even though you have come to see it and its spiritual significance will be tangible. Koteshwar Temple After traveling over the expanse of desert in western Kutch, you find the Koteshwar Temple, at a place where the immensity of dry land meets the incomprehensible vastness of the sea. After so much arid ground, the sight of the ocean will awaken your spirits; though the sea is even less hospitable to humans, a sobering thought. The only point that breaks the skyline from the flat brown horizon to the east and the wide blue horizon to the west is the point of the Koteshwar Temple, the last outpost of human construction at the westernmost limit of India. Lakhpat At the far northwest corner of Kutch, facing north across the Great Rann towards Pakistan, stands Lakhpat, once an important port city but now virtually abandoned for almost 200 years. A place where you can imagine the rise and decline of a great port city, and simultaneously contemplate the vast emptiness of the desert and the sea.

January 13, 2016 Highlights: • 3D Asset Management prefers exchange-traded funds (ETFs) because they are 1) cost-effective, 2) tax-efficient, and 3) more transparent than other publicly-traded vehicles, such as open-ended mutual funds. • ETF product innovation has democratized retail investing by giving exposures to retail investors that had been historically only available to institutional and professional investors. • What about the disruptions ETFs experienced during the August 24 sell-off? This was due to the fact that many of the underlying stocks did not trade that morning rather than some structural defect of ETFs.

If the underlying securities do not trade, then it will be difficult to get a true underlying mark for the ETF (that is why you don’t want to trade ETFs using market orders, especially in the morning). • Trading ETFs have proven to be more efficient and more liquid than trading their underlying baskets. This is due to the capital markets tools available to the market-making authorized participants who have an incentive to ensure the ETF’s price and underlying net asset value do not diverge. In effect, the ETFs can serve as a price discovery tool for what the true underlying value of the basket of securities are on a real-time basis. • The reason why strategic beta (or factor-based) ETFs are gaining in popularity is this notion of buying ‘ active management in a box’. Most of what you get from a typical active manager can be systematically captured in a rules-based approach. • 3D’s value-added comes from building an elegantly designed and dynamically-managed ETF portfolio that serves as a core, foundational holding either on a stand-alone basis or within a broader program.

We build globally diversified equity and fixed income portfolios where we dynamically manage our exposures to where we believe we are best compensated for the risks involved while still delivering the underlying risk/return characteristics of the asset class. With the beginning of the new year, we find it a helpful exercise to revisit some of our fundamental investment principals and share these thoughts with our partners and clients. With much that has happened this past year, what could be more of a basic issue to revisit then this one? It can be summed by this: You know what you’re buying and you have a real-time pricing mechanism to gauge the value of what you’re buying. And you can get this desired market exposure in a more cost-effective and tax-efficient manner versus other publicly-traded vehicles.