Dave's ESL Cafe's Student Discussion Forums

[student teacher]

Dear teachers,

�The company applies a macro-economic approach to emerging markets, creating a liquid, actively managed product that seeks to find value-oriented securities."

How can I read the underlined part in the above sentence?
*Do "emerging markets" and "creating a liquid" work like as adjective to "actively managed product "?
or
*emerging markets where(or which?) is creating a liquid and is actively managed product that.....
or
Is there any other different meanings?

Please help me.
Thank you.
Sincerely.

[pinenut]

[student teacher]

Dear pinenut,

Thank you for your response.
May I ask you any more?

"as it (the company) creates a liquid, actively managed product that seeks to find value-oriented securities."

Is that mean "liquid" works as an adjective to "actively managed product"?
That is...
a liquid (actively managed)product ??

And, does "as"(of as it (the company) creates) mean when or because or anything else?

Please give me your advices.
Thank you.
Wit regards.

[Yinglish]

[student teacher]

Dear Mr./Ms. Yinglish,

Thank you for your answers.

I'm so happy to receive some advices, and your reply is great help for me.
Thank you so much.

Sincerely.