Our Benchmark Is Better Than Your Benchmark: The Municipal Bond Market.
In: Journal of Financial Planning, Jg. 27 (2014-07-01), Heft 7, S. 50-59
Online
academicJournal
Zugriff:
The article discusses implications for managers of municipal-bond funds of their choice of a benchmark index. Two leading benchmarks are the Merrill Lynch Index and the Barclays Capital Index. Although the Merrill Lynch index outperformed the Barclays index during the period studied, nearly all municipal-bond funds studied chose Barclays as their index, thus making it more likely they could report benchmark-beating results.
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Our Benchmark Is Better Than Your Benchmark: The Municipal Bond Market.
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Autor/in / Beteiligte Person: | Chen, Haiwei ; Estes, Jim ; Jubinski, Daniel |
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Zeitschrift: | Journal of Financial Planning, Jg. 27 (2014-07-01), Heft 7, S. 50-59 |
Veröffentlichung: | 2014 |
Medientyp: | academicJournal |
ISSN: | 1040-3981 (print) |
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