CFA Digest: "Diversification Benefits and Persistence of US-Based Global Bond Funds"
Adding a global bond fund can improve your portfolio's risk-return characteristics.
According to a CFA Digest abstract of "Diversification Benefits and Persistence of US-Based Global Bond Funds," "Adding global bond funds to a portfolio is found to provide significant incremental benefits to equity index funds and domestic bond funds and to reduce the impact of volatile markets on a portfolio."
The full article by Sirapat Polwitoon and Oranee Tawatnuntachai, CFA appeared in Journal of Banking & Finance, Vol. 30, No. 10: (October 2006)2767-2786.
According to a CFA Digest abstract of "Diversification Benefits and Persistence of US-Based Global Bond Funds," "Adding global bond funds to a portfolio is found to provide significant incremental benefits to equity index funds and domestic bond funds and to reduce the impact of volatile markets on a portfolio."
The full article by Sirapat Polwitoon and Oranee Tawatnuntachai, CFA appeared in Journal of Banking & Finance, Vol. 30, No. 10: (October 2006)2767-2786.
Labels: bond, global, investment, portfolio
posted by Susan Weiner, CFA at 3:46 PM
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