Financial Institution Credit Assessment and Implications for Portfolio Managers (Digest Summary): L. Purda, F. Sonmez & L. Zhong, Journal of International Financial Markets, Institutions & Money, Vol. 38 (September 2015), 148-166

Research output: Contribution to specialist publicationBook/Film/Article review


Fixed-income portfolio managers who invest under a constraint based on ratings agency ratings may be tempted to reach for yield by overweighting the securities of financial institutions. The higher yields of such securities, however, are compensation for increased risk.
Original languageEnglish
Specialist publicationCFA Digest
PublisherCFA Institute
Publication statusPublished - Feb 2016

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