Timing the investment grade securities market: Evidence from high quality bond funds

We examine the ability of bond fund managers to shift assets between bonds and cash and across bonds of different maturities in order to capture the changes in their relative returns. As measured by estimated changes in portfolio allocations, we find strong evidence of perverse market timing ability...

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Veröffentlicht in:	Journal of empirical finance 2009, Vol.16 (1), p.55-69
Hauptverfasser:	Boney, Vaneesha, Comer, George, Kelly, Lynne
Format:	Artikel
Sprache:	eng
Schlagworte:	Bonds Estimation Fixed income funds Fund management Market analysis Market timing Portfolio evaluation Portfolio evaluation Fixed income funds Market timing Portfolio management Securities issues Time
Online-Zugang:	Volltext
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