Practical analysis for investment professionals

bonds


Book Review: Efficiently Inefficient

The author provides a thorough guide to the key trading strategies used by hedge funds and offers an overview of active management. He also explains such diverse approaches as quantitative, macro, dedicated short bias, and many more.

Rising Illiquidity in Bond Markets: What Does It Mean for ETFs?

Post-financial crisis, the volume of outstanding bonds has grown. At the same time, however, consolidation among banks and broker/dealers has cut the number of market makers, and new regulations have reduced the capital these companies can commit to fixed-income inventories.

Fundamental Indexing in the Bond Market: An Interview with Lidia Bolla, CFA

Lidia Bolla, CFA, takes the basic model of factor exposure and applies it to the concept of fundamental indexing in the bond market in her new article, "Fundamental Indexing in the Global Bond Markets: The Risk Exposure Explains It All." She discusses her findings in an interview with Ron Rimkus, CFA.

Where Active Management Can Win

Active fund management is alive, thriving, and adding value across trillions of dollars of assets worldwide.

Top 10 Posts from 2016: How to Read Financial News, Active Investing

The end of the year is a good time to look back and take stock. What Enterprising Investor articles did readers find most compelling in 2016? The results are illuminating. Our top content runs the gamut from the granular — tightly focused, practice-oriented material on starting a firm and what to read to stay informed — to more "big picture" analysis on negative interest rates and the ongoing active vs. passive debate. Taken together, they reflect the currents at work in the investment management profession at both the system-wide and individualized levels.

Municipal Bond Markets after the US Presidential Election: When the Dust Settles

The US municipal bond markets have been “changing for the good” in terms of disclosure and reporting since the financial crisis, according to Peter Coffin, president of Breckinridge Capital Advisors.

Global Inflation-Linked Bonds: A Primer

Michael Pond, CFA, delivered an interesting primer on inflation-linked debt at the recent CFA Institute Fixed-Income Management Conference. So what are inflation-linked bonds? They are most typically debts issued by sovereign nations whose nominal interest rate is adjusted, either up or down, by an inflation measure.

Nine Fixed-Income Tips from PIMCO’s Marc P. Seidner, CFA

How can investors cope with the extraordinary, post-Great Recession policies of central banks? PIMCO's Marc P. Seidner, CFA, offered direct and logical prescriptions at the CFA Institute Fixed-Income Management conference.

The Mad Scientists of Monetary Policy

Like modern-day Drs. Frankenstein, central bankers are trying to artificially create life in the financial system. They have embraced extraordinary monetary policies to create economic growth where none would exist. And someday soon, the monsters they are experimenting with may wake up and break out, Ron Rimkus, CFA, explains.

The Fixed-Income Challenge: The Monetary Policy Pit

Monetary policy, lagging economic growth, aging populations in the leading global economies — what is the biggest challenge confronting investors on today's fixed-income obstacle course? We polled readers of CFA Institute Financial NewsBrief to find out.



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