基金的净资金变动量与基金收益的实证研究

本文使用季末基金的重仓持股数据,引入了"流"的概念,在基金和股票两个层次上,研究基金在过去一段时间内的异常净资金流入与该基金(及其重仓股)未来收益率间的关系。实证结果表明,投资者往往将资金投入到了那些持有未来表现较差的股票的基金,而赎回了那些持有未来表现较好的股票的基金;而基金在过去一段时间内的超额净资金流入与该基金的未来收益率无显著的相关关系,这也间接说明基金也过早地减持了未来表现较好的股票,或过早增持了未来表现较差的股票。

Improving in plasticity of orthorhombic Ti_2AlNb-based alloys sheet by high density electropulsing

In order to optimize the ductility of orthorhombic Ti2AlNb-based alloys sheet,Ti22Al27Nb sheet was treated by high density electropulsing（J max =6.80 7.09 kA/mm2,tp =110 μs） under ambient condition.Microstructures were observed by SEM,and the tensile properties were also studied using uniaxial tension tests.The experimental results show that electropulsing can refine the microstructures of Ti22Al27Nb sheets.The specimen with the fine and homogeneous microstructures has good plasticity,and its elongation reaches 19.4%.The mechanism about the effect of electropulsing treatment on the microstructure of Ti22Al27Nb sheets was discussed.It was thought that the increase in nucleation rate during phase transformation and a very short treating time were regarded as the main reasons of producing smaller grains and increase in the plasticity by electropulsing.

Flow instability criteria in processing map of superalloy GH79

Hot compression tests were conducted on a Gleeble-1500D thermal simulating tester.Based on the deformation behavior and microstructural evolution of superalloy GH79,different types of instability criteria of PRASAD,GEGEL,MALAS,MURTY and SEMIATIN were compared,and the physical significance of parameters was analyzed.Meanwhile,the processing maps with different instability criteria were obtained.It is shown that instability did not occur when average power dissipation rate was larger than 60%in the temperature range of 900-930°C and 960-1080°C,corresponding to the strain rate range of 5×10 -4 -1.8×10 -1 s -1 and 5×10 -4 -1.5×10 -1 s -1 ,respectively.The two domains are appropriate for the processing deformation of superalloy GH79.

Effect of electropulsing treatment on corrosion behavior of nickel base corrosion-resistant alloy

Electropulsing treatment（EPT） was performed on a nickel base corrosion resistant alloy during aging.The effect of EPT on the microstructure and corrosion resistance of the alloy and the mechanisms were investigated.The results show that the intergranular corrosion resistance can be improved substantially without the degradation of mechanical properties of the alloy by EPT.The EPT has an effect of enhancing the interface diffusion rate of the alloying element,which is higher than the body diffusion rate.And thus discontinuous precipitation of M23C6 type carbides appears at the grain boundary in the alloy by EPT,which decreases the depletion extent of the alloying elements at the grain boundary substantially.As a result,the intergranular corrosion resistance of the alloy can be improved by the EPT without any degradation of mechanical properties.

INVESTIGATION ON MECHANICAL PROPERTIES OF ZN-AL/SIC PARTICULATE COMPOSITES

In order to improve the properties of ZA 27 and ZA4-3 zinc alloys and broaden their application ranges,SiC particlj1Ale composites, prepared by means of rheological casting technology, are investigated individually on their rT..t'llanical properties. The results of ne-cural strength, impact strensttl, compressive strength, hardness values and wear rate of the composites show that the addition of SiCp, leads to the increase of the compressive strength and hardness values at both room and higher temperature, and wear resistance of the materials, accompanying with the slight decrease of the fie-cural strength and sharp reduction of the impacttoughness. The factors affecting the mechanical properties of the composites are discussed in the paper.

LBMA： A Novel Locator Based Mobility Support Approach in Named Data Networking

To enhance seamless source mobility support in the mobile NDN(Named Data Networking) environment,we propose a novel Locator Based Mobility support Approach,dubbed LBMA.In this approach,we assign a unique topologically layered locator to each AR(Access Route)in NDN network,and extend the AR with additional functionalities,such as caching and forwarding Interest packets on behalf of the source.Meanwhile,we add an optional field to the original NDN packet,and modify the Outgoing Interface(s) field in the AR's original FIB(Forwarding Information Base)entries,to record the mobility status and the current locator of the source.Specifically,the consumer in LBMA can continue the interrupted communication,without delivering Interest packets towards the old location of the source,nor waiting for all relevant devices completing the FIB entries updating.The performance analysis result indicates that LBMA has lower handoff cost and shorter handoff latency,compared with other existing source mobility support approaches.

Timing,scale and mechanism of the destruction of the North China Craton

The North China Craton (NCC) is a classical example of ancient destroyed cratons.Since the initiation of the North China Craton Destruction Project by the National Natural Science Foundation of China,numerous studies have been conducted on the timing,scale,and mechanism of this destruction through combined interdisciplinary research.Available data suggest that the destruction occurred mainly in the eastern NCC,whereas the western NCC was only locally modified.The sedimentation,magmatic activities and structural deformation after cratonization at ～1.8 Ga indicate that the NCC destruction took place in the Mesozoic with a peak age of ca 125 Ma.A global comparison suggests that most cratons on Earth are not destroyed,although they have commonly experienced lithospheric thinning;destruction is likely to occur only when the craton has been disturbed by oceanic subduction.The destruction of the NCC was coincident with globally active plate tectonics and high mantle temperatures during the Cretaceous.The subducted Pacific slab destabilized mantle convection beneath the eastern NCC,which resulted in cratonic destruction in the eastern NCC.Delamination and/or thermal-mechanical-chemical erosion resulted from the destabilization of mantle convection.

Some properties of field-aligned electron events in high-altitude polar regions

Using data from the Cluster spacecraft from January 2003 to December 2004, we perform a statistical study on some properties of the field-aligned electron(FAE) events and interplanetary magnetic field(IMF) By dependence of FAE events with different durations in high-altitude polar regions. A total of 1335 FAE events were observed by the C3 spacecraft. More down-flowing events were observed in the Southern Hemisphere, and more up-flowing events were observed in the Northern Hemisphere. It proves that down-flowing events mainly originate from magnetosphere or solar wind and up-flowing events are mainly derived from ionosphere. Short-lifetime events showed a morning concentration in the magnetic local time distribution, and long-lifetime events were concentrated both before and after noon. For the IMF By dependence of the FAE events, short-lifetime events were much affected by IMF By and resulted in a morning concentration, while the long-lifetime events were almost unaffected by IMF By. With further analysis, we determined that the short-lifetime and long-lifetime events had different sources.

Cobalt-vanadium bimetal-based nanoplates for efficient overall water splitting

The development of effective and low-cost catalysts for overall water splitting is essential for clean production of hydrogen from water.In this paper,we report the synthesis of cobalt-vanadium（Co-V）bimetal-based catalysts for the effective water splitting.The Co_2V_2O_7·xH_2O nanoplates containing both Co and V elements were selected as the precursors.After the calcination under NH_3atmosphere,the Co_2VO_4and Co/VN could be obtained just by tuning the calcination temperature.Electrochemical tests indicated that the Co-V bimetal-based materials could be used as active hydrogen evolution reaction（HER）and oxygen evolution reaction（OER）catalyst by regulating their structure.The Co/VN showed good performance for HER with the onset potential of68 mV and can achieve a current density of 10 mA cm^（-2）at an overpotential of 92 m V.Meanwhile,the Co_2VO_4exhibited the obvious OER performance with overpotential of 300 mV to achieve a current density of 10 mA cm^（-2）.When the Co_2VO_4and Co/VN were used as the anode and cathode in a twoelectrode system,respectively,the cell needed a voltage of1.65 V to achieve 10 mA cm^（-2）together with good stability.This work would be indicative to constructing Co-V bimetalbased catalysts for the catalytic application.

Dynamic flow resistivity based model for sound absorption of multi-layer sintered fibrous metals

The sound absorbing performance of the sintered fibrous metallic materials is investigated by employing a dynamic flow resistivity based model,in which the porous material is modeled as randomly distributed parallel fibers specified by two basic physical parameters:fiber diameter and porosity.A self-consistent Brinkman approach is applied to the calculation of the dynamic resistivity of flow perpendicular to the cylindrical fibers.Based on the solved flow resistivity,the sound absorption of single layer fibrous material can be obtained by adopting the available empirical equations.Moreover,the recursion formulas of surface impedance are applied to the calculation of the sound absorption coefficient of multi-layer fibrous materials.Experimental measurements are conducted to validate the proposed model,with good agreement achieved between model predictions and tested data.Numerical calculations with the proposed model are subsequently performed to quantify the influences of fiber diameter,porosity and backed air gap on sound absorption of uniform(single-layer)fibrous materials.Results show that the sound absorption increases with porosity at higher frequencies but decreases with porosity at lower frequencies.The sound absorption also decreases with fiber diameter at higher frequencies but increases at lower frequencies.The sound absorption resonance is shifted to lower frequencies with air gap.For multi-layer fibrous materials,gradient distributions of both fiber diameter and porosity are introduced and their effects on sound absorption are assessed.It is found that increasing the porosity and fiber diameter variation improves sound absorption in the low frequency range.The model provides the possibility to tailor the sound absorption capability of the sintered fibrous materials by optimizing the gradient distributions of key physical parameters.

Micro-macro models for viscoelastic fluids： modelling, mathematics and numerics Dedicated to the NSFC-CNRS Chinese-French summer institute on fluid mechanics in 2010

This paper is an introduction to the modelling of viscoelastic fluids, with an emphasis on micromacro （or multiscale） models. Some elements of mathematical and numerical analysis are provided. These notes closely follow the lectures delivered by the second author at the Chinese Academy of Science during the Workshop ＂Stress Tensor Effects on Fluid Mechanics＂ in January 2010.

Shallow water equations for power law and Bingham fluids Dedicated to the NSFC-CNRS Chinese-French summer institute on fluid mechanics in 2010

In this note, we provide a consistant thin layer theory for power law and Bingham incompressible fluids flowing down an inclined plane under the effect of gravity. The derivation of such equations is based on formal asymptotic expansions of solutions of Cauchy momentum equations in the shallow water scaling and in the neighbourhood of steady solutions so that we can close the average equations on the fluid height h and the total discharge rate q.