{"product_id":"systematic-fixed-income-9781119900139","title":"Systematic Fixed Income","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eAbout the Author xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Setting the Stage 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 What is fixed income? 1\u003c\/p\u003e \u003cp\u003e1.2 How big are fixed income markets? 3\u003c\/p\u003e \u003cp\u003e1.3 What does it mean to be systematic? 8\u003c\/p\u003e \u003cp\u003e1.4 Which fixed income markets will this book focus on? 15\u003c\/p\u003e \u003cp\u003e1.5 Commonly used fixed income analytics 17\u003c\/p\u003e \u003cp\u003e1.6 Other fixed income considerations 24\u003c\/p\u003e \u003cp\u003eReferences 28\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Fixed Income – Strategic Asset Allocation 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 What are the key drivers of fixed income security returns? 29\u003c\/p\u003e \u003cp\u003e2.2 What traditional risk premia can be harvested in fixed income? 36\u003c\/p\u003e \u003cp\u003e2.3 The strategic diversification benefit of fixed income 50\u003c\/p\u003e \u003cp\u003e2.4 Is the strategic diversification benefit of fixed income threatened in a low-interest-rate environment? 54\u003c\/p\u003e \u003cp\u003eReferences 55\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Fixed Income – Tactical Asset Allocation 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Market timing – term premium 57\u003c\/p\u003e \u003cp\u003e3.2 Market timing – credit premium 70\u003c\/p\u003e \u003cp\u003e3.3 Other considerations 83\u003c\/p\u003e \u003cp\u003eReferences 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Incumbent Active Fixed Income Managers 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4.1 Framework for active fixed income management 89\u003c\/p\u003e \u003cp\u003e4.2 US Aggregate (Core Plus) benchmarked fixed income managers 94\u003c\/p\u003e \u003cp\u003e4.3 Global Aggregate benchmarked fixed income managers 97\u003c\/p\u003e \u003cp\u003e4.4 Unconstrained Bond Funds 100\u003c\/p\u003e \u003cp\u003e4.5 Emerging Market fixed income managers 102\u003c\/p\u003e \u003cp\u003e4.6 Credit long\/short managers 104\u003c\/p\u003e \u003cp\u003eReferences 108\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Security Selection – Rate-Sensitive Assets 109\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e5.1 What is the investment opportunity set for developed market government bonds? 109\u003c\/p\u003e \u003cp\u003e5.2 Reducing the dimensionality 112\u003c\/p\u003e \u003cp\u003e5.3 A framework for security selection of government bonds (investment themes) 119\u003c\/p\u003e \u003cp\u003e5.4 A framework for security selection of government bonds (level, slope, and curvature) 123\u003c\/p\u003e \u003cp\u003e5.5 Extensions 131\u003c\/p\u003e \u003cp\u003eReferences 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Security Selection – Credit-Sensitive Assets 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e6.1 What is the investment opportunity set for developed market corporate bonds? 137\u003c\/p\u003e \u003cp\u003e6.2 Dimensions of active risk taking within corporate bonds 145\u003c\/p\u003e \u003cp\u003e6.3 A framework for security selection of corporate bonds (investment themes) 149\u003c\/p\u003e \u003cp\u003e6.4 A framework for security selection of corporate bonds (performance) 158\u003c\/p\u003e \u003cp\u003e6.5 Extensions 163\u003c\/p\u003e \u003cp\u003eReferences 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Security Selection – Emerging Markets (Hard Currency) 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e7.1 What is the investment opportunity for emerging market fixed income? 173\u003c\/p\u003e \u003cp\u003e7.2 A framework for security selection of hard currency emerging market bonds (investment themes) 178\u003c\/p\u003e \u003cp\u003e7.3 A framework for security selection of emerging market hard currency bonds (performance) 182\u003c\/p\u003e \u003cp\u003e7.4 Extensions 184\u003c\/p\u003e \u003cp\u003eReferences 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Portfolio Construction Considerations 187\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8.1 Choices in the investment process (design and investment universe) 187\u003c\/p\u003e \u003cp\u003e8.2 Choices in the investment model (expected returns) 191\u003c\/p\u003e \u003cp\u003e8.3 Choices in the portfolio construction process (optimization, rebalancing, trading) 199\u003c\/p\u003e \u003cp\u003e8.4 Other topics 207\u003c\/p\u003e \u003cp\u003eReferences 208\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Liquidity and Trading Considerations 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9.1 Some context for the liquidity challenges of fixed income assets 209\u003c\/p\u003e \u003cp\u003e9.2 Basics for trading credit-sensitive assets 210\u003c\/p\u003e \u003cp\u003e9.3 Electronification of trading for credit-sensitive assets 219\u003c\/p\u003e \u003cp\u003e9.4 Primary markets – liquidity provision 221\u003c\/p\u003e \u003cp\u003e9.5 Secondary markets – liquidity provision 226\u003c\/p\u003e \u003cp\u003e9.6 Ancillary topics 228\u003c\/p\u003e \u003cp\u003eReferences 232\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Sustainability 233\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e10.1 Interest in ESG\/sustainability 233\u003c\/p\u003e \u003cp\u003e10.2 Sustainable investing with credit-sensitive assets 235\u003c\/p\u003e \u003cp\u003e10.3 Sustainable investing with rate-sensitive assets 249\u003c\/p\u003e \u003cp\u003eReferences 256\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Putting It All Together 259\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e11.1 What might a successful systematic fixed income investing process look like? 259\u003c\/p\u003e \u003cp\u003e11.2 Some final thoughts 272\u003c\/p\u003e \u003cp\u003eReference 277\u003c\/p\u003e \u003cp\u003eIndex 279\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407186731351,"sku":"9781119900139","price":33.6,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119900139.jpg?v=1730498482","url":"https:\/\/bookcurl.com\/products\/systematic-fixed-income-9781119900139","provider":"Book Curl","version":"1.0","type":"link"}