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Much of this selling was because of concerns over the health of the country's banking industry, but it also appears to have been driven by changing perceptions of the risks posed by investing in small and illiquid markets.
"This trend has been driven by changing markets and policies, as well as federal programs, which supported tree planting on over 300,000 acres annually over 2006-2011," the Mid-Century paper points out.
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Predictability could be driven by changing risk (changing conditional covariance), changing market volatility or changes in the expected returns of the market as a whole.
Systemic changes will take time and may ultimately be driven by changing demographics, generational attitudes, and legislation.
The ADF initially struggled to integrate women, with integration being driven by changing Australian social values and Government legislation rather than a change in attitudes within the male-dominated military.
The market, today as in the past, is driven by changing tastes".
Earlier this year, the team showed that at least part of this development is driven by changing bacteria in the gut microbiome.
Part of that is driven by the price pressure of cobalt, but more of it is driven by changing technologies and moving to better types of battery technology.
The opportunity is driven by changing tastes, said Anna Katharine Mansfield, associate professor of enology in the Department of Food Science at Cornell's New York State Agricultural Experiment Station in Geneva, New York.
The recent advance of globalization was driven by changing technology — including container ships and the internet — and new rules that opened the world's most populous country, China, to commerce.
This is being driven by changing consumer preference, as well as growing resistance to chemical products like Roundup.
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