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Each product group is treated as an investment center where return on invested capital is an important criterion used in allocating funds.
It begins by describing the present investment landscape as one where return compression in a number of popular hedge fund strategies has led absolute-return investors to investigate other promising return sources.
Objective 5 also recommends planned relocation and visa options as tools where return to the country of origin is not possible, as could be the case with many Small Island Developing States.
Where return of capital to shareholders is part of the corporation's value creation framework, the board should consider the appropriate timing, pace and quantum of buybacks and/or dividends and the relative tradeoffs.
Under the so-called 5-3-3-2 rule, applied bothothethe finance ministry and the health ministry, half the pension-fund investments had to be in assets (such as bonds) where return of the principal was guaranteed, not more than 30% in domestic equities, 30% in foreign securities and 20% in property.
It has led some to question whether the Welsh government can justify spending so much on an industry where return on investment is far from guaranteed.
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But money tends to go where returns are higher.
The gap with America, where returns were 5.7% a year, also narrows.
HVB, like many German private banks, had neglected retail banking, where returns have long been thin.
They want to see examples of where returns have been generated before.
The economy is on the up and the FTSE has enjoyed another year where returns have outstripped inflation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com