Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

l3 20 fixed- income portfolio management—part i

This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.

By: Steven Popovic
Start Studying

Decks in this class (13)

a compare, with respect to investment objectives, the use of liabilities as a benchmark and the use of a bond index as a benchmark;\
No deck description has yet been added by the author.
0  cards
b compare pure bond indexing, enhanced indexing, and active investing with respect to the objectives, advantages, disadvantages, and management of each;
No deck description has yet been added by the author.
0  cards
c discuss the criteria for selecting a benchmark bond index and justify the selection of a specific index when given a description of an investor’s risk aversion, income needs, and liabilities;
No deck description has yet been added by the author.
0  cards
d describe and evaluate techniques, such as duration matching and the use of key rate durations, by which an enhanced indexer may seek to align the risk exposures of the portfolio with those of the benchmark bond index;
No deck description has yet been added by the author.
0  cards
e contrast and demonstrate the use of total return analysis and scenario analysis to assess the risk and return characteristics of a proposed trade;
No deck description has yet been added by the author.
0  cards
f formulate a bond immunization strategy to ensure funding of a predetermined liability and evaluate the strategy under various interest rate scenarios;
No deck description has yet been added by the author.
0  cards
g demonstrate the process of rebalancing a portfolio to reestablish a desired dollar duration;
No deck description has yet been added by the author.
0  cards
h explain the importance of spread duration;
No deck description has yet been added by the author.
0  cards
i discuss the extensions that have been made to classical immunization theory, including the introduction of contingent immunization;
No deck description has yet been added by the author.
0  cards
j explain the risks associated with managing a portfolio against a liability structure, including interest rate risk, contingent claim risk, and cap risk;
No deck description has yet been added by the author.
0  cards
k compare immunization strategies for a single liability, multiple liabilities, and general cash flows;
No deck description has yet been added by the author.
0  cards
l compare risk minimization with return maximization in immunized portfolios;
No deck description has yet been added by the author.
0  cards
m demonstrate the use of cash flow matching to fund a fixed set of future liabilities and compare the advantages and disadvantages of cash flow matching to those of immunization strategies.
No deck description has yet been added by the author.
0  cards

More about
l3 20 fixed- income portfolio management—part i

  • Class purpose General learning

Learn faster with Brainscape on your web, iPhone, or Android device. Study Steven Popovic's L3 20 Fixed- Income Portfolio Management—Part I flashcards for their CFA Exam L1 class now!

How studying works.

Brainscape's adaptive web mobile flashcards system will drill you on your weaknesses, using a pattern guaranteed to help you learn more in less time.

Learn more about spaced repetition

Add your own flashcards.

Either request "Edit" access from the author, or make a copy of the class to edit as your own. And you can always create a totally new class of your own too!

What's Brainscape anyway?

Brainscape is a digital flashcards platform where you can find, create, share, and study any subject on the planet.

We use an adaptive study algorithm that is proven to help you learn faster and remember longer....

Looking for something else?

Find Flashcards
Make Flashcards
Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions