tailieunhanh - Lecture Investments (6/e) - Chapter 16: Managing bond portfolios

In this chapter we turn to various strategies that bond portfolio managers can pursue, making a distinction between passive and active strategies. A passive investment strategy takes market prices of securities as fairly set. Rather than attempting to beat the market by exploiting superior information or insight, passive managers act to maintain an appropriate risk–return balance given market opportunities. | Lecture Investments 6 e - Chapter 16 Managing bond portfolios