$25.00
Fixed income requires a unique approach to attribution since much of its return is driven by structural risk factors that are specific to the bond market. The challenge in terms of performance attribution is to create a robust model that evaluates the investment process fairly without introducing too much complexity.
Author: Stephen Campisi, CFA, Intuitive Performance Solutions
Description
Fixed income requires a unique approach to attribution since much of its return is driven by structural risk factors that are specific to the bond market. The challenge in terms of performance attribution is to create a robust model that evaluates the investment process fairly without introducing too much complexity. Otherwise, the results may be meaningless to clients who may get lost in the details while missing the key performance messages. To develop the right performance model we need to answer a few questions: Which structural factors should be included? How can we leverage the existing performance attribution methodologies where they are appropriate. And how can we balance simplicity, clarity and understandability with rigor and accuracy?
Related products
-
A Model for a Global Investment Attribution Analysis
$25.00 Add to cart -
A Closer Look at Performance Persistence of Mutual Funds
$25.00 Add to cart -
A Consistent Linking Concept for Fast Calculations of the Rate of Return and Research of Investment
$25.00 Add to cart -
A Jigsaw Puzzle of Basic Risk-adjusted Performance Measures
$25.00 Add to cart