TY - GEN
T1 - Financial Institution Credit Assessment and Implications for Portfolio Managers (Digest Summary)
T2 - L. Purda, F. Sonmez & L. Zhong, Journal of International Financial Markets, Institutions & Money, Vol. 38 (September 2015), 148-166
AU - Jackson, Antony
N1 - CFA Digest Summary of 'Financial Institution Credit Assessment and Implications for Portfolio Managers'; L. Purda, F. Sonmez & L. Zhong, Journal of International Financial Markets, Institutions & Money, Vol. 38 (September 2015), 148-166
PY - 2016/2
Y1 - 2016/2
N2 - 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.
AB - 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.
UR - http://dx.doi.org/10.1016/j.intfin.2015.05.018
M3 - Book/Film/Article review
VL - 46
JO - CFA Digest
JF - CFA Digest
PB - CFA Institute
ER -