201806
Monday
201806
Monday
Despite the fact that financial theory suggests stocks with high volatility should have higher expected returns—because investors cannot fully diversify away from the firm-specific risk in their portfolios—a growing body of empirical evidence demonstrates a negative return premium in higher-volatility stocks (the low-volatility/low-beta anomaly). |
JUGEMテーマ:資産運用
201806
Monday
By Nicola Mai, portfolio manager, sovereign credit analyst at PIMCO.Back in 2014, PIMCO developed the concept of The New Neutral as a secular framework for interest rates. After the financial c… |
JUGEMテーマ:資産運用