Does Turnover Matter for the Performance of Fixed Income ETFs?

This paper provides empirical evidence on the relation between portfolio turnover and fund performance in the exchange traded fund market using a sample of 70 actively managed fixed income funds from 2008-2017. Based on portfolio analysis, the results show that there is a significant positive relationship between turnover and Fama and French’s (1993) five factor alpha. Further panel regression analysis, however, shows no significant relationship between turnover and performance after controlling for various fund characteristics. Overall, the results show no robust effect of turnover on the performance of fixed income ETFs

Location of the Zeros of Certain Complex-Valued Harmonic Polynomials

Finding an approximate region containing all the zeros of analytic polynomials is a well-studied problem. But the numb er of the zeros and regions containing all the zeros of complex-valued harmonic polynomials is relatively a fresh research area. It is well known that all the zeros of analytic trinomials are enclosed in some annular sectors that take into account the magnitude of the coefficients. Following Kennedy and Dehmer, we provide the zero inclusion regions of all the zeros of complex-valued harmonic polynomials in general, and in particular, we bound all the zeros of some families of harmonic trinomials in a certain annular region.Comment: 8 page

Genetic Variability, Yield and Yield Associations of Lentil (Lens culinaris Medic.) Genotypes Grown at Gitilo Najo, Western Ethiopia

The study was conducted to evaluate the variability in yield, heritability, genetic advance and associations among characters, to estimate contribution of each trait in yield of the eighteen lentil genotypes. The genotypes were grown at Wollega University, Shambu Campus, Gitilo Najo Research Site. The genotypes were planted in RCBD and replicated three times. Data were collected for 12 morpho-agronomic traits. The results of the analysis of variance showed significant (P< 0.05) difference for all traits among the genotypes except for number of primary branches and hundred seed weight. The heritability values for the 12 characters ranged from 4.3% (hundred seed weight) to 94.3% (days to emergency). Estimates heritability values for days to emergence, plant height, number of pods per plant, biomass yield are >60% while for days to flowering, days to maturity, grain filling period and harvest index are between 40 % and 60%. Estimates of genetic advance as percent of mean at 5% selection intensity ranged from 0.59 % (hundred seed weight) to 78.1% (number of pods per plant). High heritability values coupled with high genetic advance as percent mean were observed for number of pods per plant and biomass yield which indicates the traits are controlled by additive type of genes. A low genotypic coefficient of variability and low genetic advance as a percent mean observed for characters hundred seed weight and pod length indicated that the characters were under high environmental influence, and that phenotypic selection based on these characters would be ineffective. Days to 50 % flowering showed positive and highly significant correlation with days to 95 % maturity at genotypic and phenotypic levels. Both at genotypic and phenotypic levels, grain yield was positively and significantly correlated with plant height and biomass yield while it was negatively and significantly correlated with harvest index. The result revealed wide variability for yield and yield determining traits for the tested genotypes which will help in the improvement of lentil genotypes for the area

Perspectives of Protocol Based Breaking Bad News among Medical Patients and Physicians in a Teaching Hospital, Ethiopia

BACKGROUND፡ Discussing potentially bad outcomes is a standard communication task in clinical care. Physicians’ awareness on ways to communicate bad news is considered low. SPIKES protocol is the most popular strategy used by physicians, but its practice and patients' perception are not known. This study attempted to fill the knowledge gap on protocol implementation, patient preference and physician effects.METHODS: Hospital-based descriptive cross-sectional study was conducted at SPHMMC from May 1 to June 30 using structured interviews administered to patients and physicians. Three hundred and sixty patients and 111 physicians were included. Assessment of SPIKES performance, patient satisfaction, patient preference, and physician awareness, attitude and effects were studied.RESULTS: Performance of SPIKES protocol was setting (74.5%), perception (51.1%), invitation (56.3%), knowledge (15.9%), emotion (22.3%) and summary (10.1%). Only 30.6% of the patients were entirely satisfied with the interaction, and 19.2% with knowledge attained. Patient satisfaction was associated with physician asking how much information they like (P=0.025). Patient desire and report showed variation. Eighty-two percent of the physicians were not aware of the protocol, and 83.8% had no training. Half of the physicians feel depressed after disclosure.CONCLUSIONS: Patient satisfaction with communication process and knowledge is poor, as is performance of SPIKES components. Satisfaction is related to being asked how much patients want to know. Patients’ desires on how to be told news is different from how it is done. Breaking bad news increases feeling of depression. Awareness and training on the protocol are deficient; medical schools should incorporate it into their studies and implement proper follow-up.&nbsp

Suitability of existing Musa morphological descriptors to characterize East African highland ‘matooke’ bananas

Article purchased; Published online: 18 Sept 2017Morphological traits are commonly used for characterizing plant genetic resources. Germplasm characterization should be based on distinctly identifiable, stable and heritable traits that are expressed consistently and are easy to distinguish by the human eye. Characterization and documentation of a representative sample of East African highland bananas (Lujugira–Mutika subgroup) was carried out following an internationally accepted standard protocol for bananas. Eleven cultivars were characterized using an existing set of minimum descriptors (31 qualitative and quantitative traits) with the aim of determining stable descriptors and the ability of these descriptors to distinguish among East African highland banana cultivars. There was variation in stability of these descriptors within cultivars and across the 11 cultivars. Only 10 (32%) out of 31 descriptors studied were stable in the 11 cultivars. However, they had similar scores and therefore are not suitable to distinguish between cultivars within this group. Nonetheless, these 10 descriptors may be useful for distinguishing the East African highland bananas as a group from other groups of bananas. A few descriptors were unique to the cultivar ‘Tereza’ and may be used to distinguish this cultivar from other ‘matooke’ cultivars. None of the quantitative descriptors were stable

Innovative Partnership Approach to Chickpea seed production and Technology Dissemination: Lessons from Ethiopia

Innovative partnership in chickpea seed production and technology dissemination was assessed in increasing chickpea productivity through facilitated access to quality seed. The study was designed to evaluate the benefits gained from partnership implemented for the last 10 years in chickpea technology by seed system of crop production. Farmers' participatory variety selection (FPVS)' has been implemented as epicenter of the new innovation. The varieties selected by the farmers were ultimately demonstrated and visited by large number of farmers and other stakeholders. This was complemented with the establishment and technical backstopping of farmers' seed producer associations to produce and market quality seed to fill the gap by the formal sector. Intervention with chickpea technologies were initiated right after training partners in chickpea seed and grain vale chain. From 2008 to 2015, over 350 FPVS trials were conducted concurrently with demonstrations. The farmers' seed producer associations cover the lion's share of the seed supply and became an innovative approach that enhanced the chickpea seed system. The production of certified and quality declared seed increased from 632.7t in 2008 to 3290 tons in 2014. The drastic increase in productivity and production of chickpea during the intervention period were largely attributed to the interventions made. The national chickpea productivity has doubled in a decade's time (2006-2015) and attained peak of 1.9ton ha-1 in 2014. Similarly production showed drastic increase during the intervention period where the production in 2015 was 124% more compared to the production in 2006. Lessons were driven from the approach that many development parties and the government policy recognized the approach as key player for enhancing the chickpea sector

Prevalence of depression and anxiety symptoms and their determinant factors among patients with cancer in southern Ethiopia: a cross-sectional study

ObjectiveThe study was aimed to assess the prevalence of depression and anxiety symptoms and their determinant factors among patients with cancer attending follow-up at Hawassa University Comprehensive Specialized Hospital cancer treatment centre, Ethiopia.DesignInstitution-based cross-sectional study design was implemented.SettingPatients with cancer at Hawassa University Comprehensive Specialized Hospital cancer treatment centre from October 2019 to December 2019.ParticipantsRandomly selected 415 patients with cancer who had follow-up at cancer treatment centre.Main outcome measuresAnxiety and depression symptoms were assessed using Hospital Anxiety and Depression Scale.ResultThe prevalence rates of depression and anxiety symptoms were found to be 244 (58.8%) and 249 (60.0%), respectively. Older age (&gt;50 years) (AOR (adjusted OR)=2.24, 95% CI=1.14 to 4.40), being unemployed (AOR=1.96, 95% CI=1.08 to 3.56), advanced stage of cancer such as stage III (AOR=5.37, 95% CI=1.34 to 21.45) and stage IV (AOR=4.55, 95% CI=1.12 to 18.44), comorbid psychotic symptoms (AOR=1.67, 95% CI=1.07 to 2.61) and eating problem in the past 2 weeks (AOR=6.16, 95% CI=1.98 to 19.11) were independent factors significantly associated with depressive symptoms. In addition, cancer stage such as stage II (AOR=3.92, 95% CI=1.07 to 14.36) and stage IV (AOR=5.04, 95% CI=1.44 to 17.59) and comorbid psychotic symptoms (AOR=1.73, 95% CI=1.12 to 2.66) were significantly associated with anxiety symptoms.ConclusionDepression and anxiety symptoms among patients with cancer were considerably high. Age, occupation, cancer stage, comorbid psychotic symptoms and eating problem were determinant factors of depressive symptoms among patients with cancer. Moreover, cancer stage and comorbid psychosis were determinants of anxiety symptoms. Healthcare professionals working in the oncology unity need to conduct routine screening and treatment of depression and anxiety symptoms for patients with cancer.</jats:sec

Crossbreeding east African highland bananas: lessons learnt relevant to the botany of the crop after 21 years of genetic enhancement

Open Access JournalEast African highland bananas (EAHB) were regarded as sterile. Their screening for female fertility with “Calcutta 4” as male parent revealed that 37 EAHB were fertile. This was the foundation for the establishment of the EAHB crossbreeding programs by the International Institute of Tropical Agriculture (IITA) and the National Agricultural Research Organization (NARO) in Uganda in the mid-1990s. The aim of this study was to assess the progress and efficiency of the EAHB breeding program at IITA, Sendusu in Uganda. Data on pollinations, seeds generated and germinated, plus hybrids selected between 1995 and 2015 were analyzed. Pollination success and seed germination percentages for different cross combinations were calculated. The month of pollination did not result in significantly different (P = 0.501) pollination success. Musa acuminata subsp. malaccensis accession 250 had the highest pollination success (66.8%), followed by the cultivar “Rose” (66.6%) among the diploid males. Twenty-five EAHB out of 41 studied for female fertility produced up to 305 seeds per pollinated bunch, and were therefore deemed fertile. The percentage of seed germination varied among crosses: 26% for 2x × 4x, 23% for 2x × 2x, 11% for 3x × 2x, and 7% for 4x × 2x. Twenty-seven NARITA hybrids (mostly secondary triploids ensuing from the 4x × 2x) were selected for further evaluation in the East African region. One so far –“NARITA 7”– was officially released to farmers in Uganda. Although pollination of EAHB can be conducted throughout the year, the seed set and germination is low. Thus, further research on pollination conditions and optimization of embryo culture protocols should be done to boost seed set and embryo germination, respectively. More research in floral biology and seed germination as well as other breeding strategies are required to increase the efficiency of the EAHB breeding program

Significant progressive heterobeltiosis in banana crossbreeding

Open Access Journal; Published online: 27 Oct 2020Background Heterobeltiosis is the phenomenon when the hybrid’s performance is superior to its best performing parent. Banana (Musa spp. AAA) breeding is a tedious, time-consuming process, taking up to two decades to develop a consumer acceptable hybrid. Exploiting heterobeltiosis in banana breeding will help to select breeding material with high complementarity, thus increasing banana breeding efficiency. The aim of this study was therefore to determine and document the level of heterobeltiosis of bunch weight and plant stature in the East African highland bananas, in order to identify potential parents that can be used to produce offspring with desired bunch weight and stature after a few crosses. Results This research found significant progressive heterobeltiosis in cross-bred ‘Matooke’ (highland cooking) banana hybrids, also known as NARITAs, when grown together across years with their parents and grandparents in Uganda. Most (all except 4) NARITAs exhibited positive heterobeltiosis for bunch weight, whereas slightly more than half of them had negative heterobeltiosis for stature. The secondary triploid NARITA 17 had the highest heterobeltiosis for bunch weight: 249% versus its ‘Matooke’ grandparent and 136% against its primary tetraploid parent. Broad sense heritability (across three cropping cycles) for yield potential and bunch weight were high (0.84 and 0.76 respectively), while that of plant stature was very low (0.0035). There was a positive significant correlation (P < 0.05) between grandparent heterobeltiosis for bunch weight and genetic distance between parents (r = 0.39, P = 0.036), bunch weight (r = 0.7, P < 0.001), plant stature (r = 0.38, P = 0.033) and yield potential (r = 0.59, P < 0.001). Grandparent heterobeltiosis for plant stature was significantly, but negatively, correlated to the genetic distance between parents (r = − 0.6, P < 0.001). Conclusions Such significant heterobeltiosis exhibited for bunch weight is to our knowledge the largest among main food crops. Since bananas are vegetatively propagated, the effect of heterobeltiosis is easily fixed in the hybrids and will not be lost over time after the release and further commercialization of these hybrids