Alternative Investments… Commodities Market Commentary, Investment Process, and the Passage of Time 29 Jun 201315 Nov 2013 Commodities Market Summary Energy: As measured by the S&P GSCI indices, energy lost 1.9% in May, natural gas lost 9.4%. WTI crude oil and brent crude oil markets continued to…
Financial Modeling… Fixed Income Portfolio Attribution Frameworks 固定收益组合绩效归因 22 Jun 201322 Jun 2013 Fund managers market their strategy products as that they are able to achieve consistent competitive performance through particular repetitive decision-making process; attribution is an extremely useful tool in verifying their…
Fixed Income… Unconstrained Bond Funds and Multi-Sector Bond Funds 无约束债券基金 18 Jun 201318 Jun 2013 *Data Source: Barclays Global Family of Indices, May 2013 Unconstrained Bond Funds Also called “go-anywhere” bond funds, unconstrained bond funds were introduced several years ago, when many U.S. fixed income…
Asset Allocation… Asset Allocation Funds 资产配置基金 7 Jun 20137 Jun 2013 An asset allocation fund is a portfolio of mix of equity, fixed income securities, and cash equivalents; asset allocation funds have access to main asset classes exposure via one single investment.…