Fixed-Income Management: Credit, Covenants, and Core-Plus - Proceedings of the AIMR seminar "Fixed-Income Management 2002--Innovation Continues" (Boston, Massachusetts)

Kenneth R. Meyer/ Kathleen M. Shanley/ Stephen Kealhofer/ Abigail L. McKenna/ Christopher L. Gootkind/ Scott E. Grannis/ Mohamed A. El-Erian/ Kevin J. Perry/ R.B. Davidson III/ James H. Gilkeson

ISBN 10: 0935015884 / ISBN 13: 9780935015881

Editore: AIMR (CFA Institute), 2003

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96 pages. 10.60x8.30x0.30 inches. In Stock. Codice articolo zk0935015884

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Titolo: Fixed-Income Management: Credit, Covenants, ...

Casa editrice: AIMR (CFA Institute)

Data di pubblicazione: 2003

Legatura: Paperback

Condizione: Brand New

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Riassunto:

Given a recent environment of low interest rates, high default rates, periods of high volatility, and increasingly concentrated benchmarks, the presentations in this proceedings explore a variety of methods for maximizing excess return in fixed-income portfolios. Points of emphasis include strengthening the core portfolio by focusing on fundamental credit analysis, joining with other bond buyers to demand tight bond covenants and enforce creditor rights, and expanding the investment universe to include noncore sectors (such as leveraged bank loans, emerging market debt, and high-yield bonds) to enhance fixed-income performance. Proceedings of the seminar "Fixed-Income Management 2002—Innovation Continues" (September 2002).