RT Journal Article
SR Electronic
T1 The Maturity of Fixed-Income Assets and Portfolio Risk
JF The Journal of Investing
FD Institutional Investor Journals
SP 107
OP 110
DO 10.3905/JOI.2009.18.4.107
VO 18
IS 4
A1 Larry Swedroe
A1 Kevin Grogan
YR 2009
UL https://pm-research.com/content/18/4/107.abstract
AB This article focuses on the decision of the appropriate maturity of nominal return Treasury bonds. The question it seeks to answer is: Are investors compensated for taking on additional risk by extending the maturity of fixed-income assets? As we will demonstrate, the answer (at least in terms of investments in Treasury bonds) is that it depends on the investor’s overall asset allocation and how far out the maturities are extended.TOPICS: Risk management, equity portfolio management, fixed-income portfolio management