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Investing bond funds in bear stock markets
Ni, Yensen; Huang, Paoyu; Shyong, Chwen-tzy - In: Investment management and financial innovations 11 (2014) 1, pp. 34-43
Persistent link: https://www.econbiz.de/10010392576
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Do Sukuk provide diversification benefits to conventional bond investors? : evidence from Turkey
Pirgaip, Burak; Arslan-Ayaydin, Özgür; Karan, Mehmet Baha - In: Global finance journal 50 (2021), pp. 1-18
Persistent link: https://www.econbiz.de/10013365921
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Bond Mutual Funds and Complex Investments
Natter, Markus - 2018
We are the first to analyze bond mutual funds' permission and use of complex investment practices like derivatives … most complex investments do not affect fund performance or risk. However, interest rate futures (IRF) are harmful to bond … funds. Bond funds engaging in IRF (45.8% of all bond funds) underperform nonusers by economically meaningful 51 basis point …
Persistent link: https://www.econbiz.de/10012936369
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Broad is the New Narrow : How Passive Investing Creates Concentrated Portfolios
Institute, Brandes - 2011
Passive investing, particularly in emerging markets, has become an increasingly popular means of quick, “diversified” exposure to a particular segment of the markets. Defensive investors, as Benjamin Graham noted, would be best served owning a diversified list of leading companies. Yet it's...
Persistent link: https://www.econbiz.de/10013121779
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Value Investing : Investing for Grown Ups?
Damodaran, Aswath - 2012
Value investors generally characterize themselves as the grown ups in the investment world, unswayed by perceptions or momentum, and driven by fundamentals. While this may be true, at least in the abstract, there are at least three distinct strands of value investing. The first, passive value...
Persistent link: https://www.econbiz.de/10013107536
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Active Portfolio Management - How to Beat the Index Funds
Ferguson, Robert - 2013
An idealized model of the investment process redefines the respective roles of security analysts and portfolio managers, quantifies such concepts as activity and aggressiveness, and explains how the individual analyst's efforts at forecasting returns translate into improved portfolio performance
Persistent link: https://www.econbiz.de/10013073047
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The Shift from Active to Passive Investing : Potential Risks to Financial Stability?
Anadu, Kenechukwu - 2019
The past couple of decades have seen a significant shift in assets from active to passive investment strategies. We examine the potential effects of this shift on financial stability through four different channels: (1) effects on investment funds’ liquidity transformation and redemption...
Persistent link: https://www.econbiz.de/10012894207
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Evaluation of Portfolio Performance of Turkish Mutual Funds
Gursoy, Cudi Tuncer - 2017
This article attempts to measure performance of Type A and Type B funds relative to T-Bill rates and ISE-100 index in Turkey over the period of January 1998-June 2000 using Sharpe ratio, Treynor ratio, Jensen alpha, and Graham&Harvey index. 55 Type A, and 77 Type B Funds were included in the...
Persistent link: https://www.econbiz.de/10012974024
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Broad Is the New Narrow : How Passive Investing Creates Concentrated Portfolios
Institute, Brandes - 2015
Passive investing, particularly in emerging markets, has become an increasingly popular means of quick, “diversified” exposure to a particular segment of the markets. Flows into passive emerging market products have been so strong that assets in exchange-traded funds (ETFs) designed to...
Persistent link: https://www.econbiz.de/10013010019
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The Shift From Active to Passive Investing : Potential Risks to Financial Stability?
Anadu, Kenechukwu - 2020
The past couple of decades have seen a significant shift from active to passive investment strategies. We examine how this shift affects financial stability through its impacts on: (i) funds' liquidity and redemption risks, (ii) asset-market volatility, (iii) asset-management industry...
Persistent link: https://www.econbiz.de/10012851425