Practical analysis for investment professionals

Fixed Income


Passive Management: The Baseline for Defined Contribution Plan Sponsors?

If active managers cannot add value, then passive is the preferred position, not the other way around.

When Assets “Disappear,” Climate Risk and ESG Data Needs Remain

Once sold by major public firms, fossil fuel assets don’t disappear. Neither does the need for relevant, reliable risk disclosure.

Did Corporate Bond ETFs Kill the “Alpha Stars”?

The race for scale among active managers in response to low-cost ETF competition may be self-defeating.

Concentration Risk on the Buy-Side of Credit Markets: The Causes

What are the effects of buy-side concentration on the structure of the corporate bond market?

Vineer Bhansali: Negative-Yielding Bonds and Options

Anything that you want to price in finance has three key inputs, Vineer Bhansali says.

Vineer Bhansali: What’s Wrong with Negative Yields?

A negatively yielding bond violates a very basic, fundamental principle: the time value of money.

Monetary and Fiscal Policy Post-COVID-19: Four Themes

Rob Arnott, Joyce Chang, and Louis-Vincent Gave offer their perspectives on the policy landscape and its implications for investment strategy.

Volmaggedon, Decarbonizing Everything: Financial Analysts Journal Editor’s Snapshot

Financial Analysts Journal managing editor Heidi Raubenheimer, PhD, CFA, provides a synopsis of the latest issue.

Avoiding Disaster with Catastrophe Bonds?

What role might catastrophe bonds, or cat bonds, play in a diversified portfolio?

Fixed-Income Allocations: Where To?

How should investors shift their fixed-income portfolios amid the US economic recovery?