Municipal bond funds and individual bonds ppt

... in municipal bonds. We then review the advantages of investing in municipal bond funds over individual municipal bonds. Municipal bonds overview and investment considerations Municipal bonds ... Structural advantages of municipal bond funds compared with individual municipal bonds Individual municipal bonds Municipal (professionally managed separate...

Ngày tải lên: 15/03/2014, 03:20

... advantages of bond mutual funds over portfolios of directly held bonds for both institutional and individual investors. First, we review the structural advantages of bond mutual funds, which, ... taxable bond investors, bond mutual funds have a number of advantages over individual bond portfolios in terms of diversification, cash-flow treatment and portfolio charact...

Ngày tải lên: 15/02/2014, 13:20

... of Organization) and 10 (Control Persons) and corresponding sections of Schedules A, B and C); 13  Details about the private funds the investment adviser manages and about other business ... Rules expand the lists to include business as a trust company, registered municipal advisor, registered security-based swap dealer, and major security-based swap participant, acc...

Ngày tải lên: 23/03/2014, 12:21

... Global Bonds  Global bonds aresimply bonds issuedintheEuromarkets and domesticmarketatthesame time.Thisallowsinvestorswhocannotengageinoneofthesemarketstostillbeabletobuythe bonds and soexpandstheinvestoruniverse.Theglobal bond markethasbeenparticularlypopular withthelargestsupranati onalagenciessuchastheWorldBank and theEuropeanInvestment...

Ngày tải lên: 06/03/2014, 08:20

... stock standards to a volumetric flask. To each calibration standard, add a known constant amount of one or more internal standards, and dilute to volume with acetonitrile. One of the standards ... liquid reaches 1 mL, remove the K-D apparatus and allow it to drain and cool for at least 10 minutes. 10.7 Remove the Snyder column and rinse the flask and its lower joint into the concent...

Ngày tải lên: 14/02/2014, 03:20

... social bonds enhances the fitness of females in this population and support findings about the structure and function of social bonds in other primate groups. Keywords Baboons . Social bonds . Kinship . Coalitions Sociality ... indicate that mothers and daughters had significantly stronger social bonds than any other category of dyads; sisters had significantly stronger social...

Ngày tải lên: 15/02/2014, 13:20

... off-the-run bond relative to the on-the- run bond. Treasury bonds are typically held by buy -and- hold investors, and older bonds are more difficult to find and to trade than more recently issued bonds. ... between GNMA bond yields and on-the-run Treasury yields as a pro xy for a market-wide desire to hold and trade only the most liquid securities. Spreads bet ween agency bonds...

Ngày tải lên: 16/02/2014, 02:20

... corporate bonds are taxed at the state level whereas interest payments on government bonds are not. 3. Risk premium—The return on corporate bonds is riskier than the re- turn on government bonds, and ... corporate bonds of different maturity and different rating class. We have 27 unexplained spreads for industrial bonds and 27 for financial bonds since maturities range from...

Ngày tải lên: 16/02/2014, 02:20

... of these bonds are prepared to sell the bonds, buy riskless bonds, and sell default protection when r ys −> . 2. The argument assumes that market participants can short riskless bonds. This ... that par yield bonds stay par yield bonds. By defining the corporate bond used in the arbitrage as a par corporate floating bond and the riskless bond as a par floating riskles...

Ngày tải lên: 16/02/2014, 03:20

... (Mutual Funds) Regulations, 1996 102 Master Circular for Mutual Funds CHAPTER 12 INVESTMENT BY SCHEMES 235 12.1 Investments by Index Funds: 236 12.1.1 Investments by index funds ... value, volume and intermediaries and also earnings and/ or losses, value of collateral security etc. 12.4.3.2 The Trustees shall periodically review the securities lending cont...

Ngày tải lên: 19/02/2014, 09:20