[투자론] bond stratrgies(채권투자전략)

목차

Ⅲ-１. Active Portfolio Strategies
Ⅲ-２. Structured Portfolio Strategies：
Bond Portfolio Indexing Strategies
Ⅲ-３. Structured Portfolio Strategies：
Liability Funding Strategies

본문내용

Ⅲ-１. Active Portfolio Strategies

１. Active Portfolio Strategies
- manager's expectations vs the market consensus
A money manager who pursues an active strategy must assess the potential outcome before an active strategy is implemented.
the primary reason for this is that the market (collectively) has certain expectations for the changes and these expectations are embodied into the market price of bonds.

⑴ interest-rate expectations strategies
： strategies to capitalize on expected changes in the level of interest rates

① interest-rate expectations strategies
through altering the portfolio's sensitivity to interest-rate changes
measure of interest-rate sensitivity： duration

참고 자료

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