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Start Over Search Limiters Full Text Topic bond funds Publication Year Range More than 50 years ago
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1. A DYNAMIC MODEL FOR BOND PORTFOLIO MANAGEMENT.

Author

Bradley, Stephen P. and Crane, Dwight B.

Subjects
BOND funds, DECISION theory, DECISION making, INVESTMENTS, ECONOMIC indicators, PORTFOLIO management (Investments), ALGORITHMS, MATHEMATICAL decomposition, MATHEMATICAL programming, INVESTMENT analysis, FINANCIAL management, MATHEMATICAL models
Abstract

The bond portfolio problem is viewed as a multistage decision problem in which buy, sell, and hold decisions are made at successive (discrete) points in time. Normative models of this decision problem tend to become very large, particularly when its dynamic structure and the uncertainty of future interest rates and cash flows are incorporated in the model. In this paper we present a multiple period bond portfolio model and suggest a new approach for efficiently solving problems which are large enough to make use of as much information as portfolio managers can reasonably provide. The procedure utilizes the decomposition algorithm of mathematical programming and an efficient technique developed for solving subproblems of the overall portfolio model. The key to the procedure is the definition of subproblems which are easily solved via a simple recursive relationship. [ABSTRACT FROM AUTHOR]

Published
1972
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2. The Funds.

Subjects
CLOSED-end funds, BOND funds, INSURANCE companies
Abstract

The article focuses on closed-end public bond funds as of March 1973. It discusses the flight of money from mutual funds into these bond funds starting in the late 1970 such as from American General Life Insurance Co. and other insurance companies, BankAmerica Corp's Montgomery Street Income Securities fund and Lehman Bros.' MassMutual Income Investors fund. It examines risks from bond funds, underwriting costs and fund gimmick called "collateralized securities lending."

Published
1973

3. An Alternative Approach to Predicting Corporate Bond Ratings: A Comment.

Author

Horrigan, James O.

Subjects
BOND ratings, CORPORATE bonds, BOND market, CORPORATE finance, ACCOUNTING firms, BOND funds
Abstract

The article presents the author's response to the paper "An Alternative Approach to Predicting Corporate Bond Ratings," by Richard R. West. The author argues that West's dissection of a previous study has several weaknesses, including differences in the samples studied, the variables used and the orientation of each study. The author discusses each of these elements, bringing to light the conflicts that West introduces into the study of corporate bonds. Ultimately, the author finds that developing complex testing methods may be detrimental to the field before it is better understood.

Published
1970
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4. PORTFOLIO INCOME: A TEST OF A FORMULA PLAN.

Author

Dince, Robert H.

Subjects
PORTFOLIO management (Investments), INVESTMENTS, INVESTMENT income, STOCK prices, CAPITAL gains, BOND funds
Abstract

The article focuses on a formula plan for a bond portfolio. It states that formula plans are by their nature preoccupied with the fluctuations in stock prices and the effects this has on portfolio value. It mentions that investment management's goal is to maximize current cash income and capital gains while operating within institutional needs. It suggests that cash income and final capital gains need to be included in the testing of formula concepts in order to determine if one plan is better than the other.

Published
1966
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5. When half a loaf is the answer.

Subjects
BONDS (Finance), LOANS, BOND market, BOND funds
Abstract

The article talks about Textron Inc. that sold 50 million dollars worth of bonds at a cost of 5.95 percent. The rate falls short of the expectation of the company. It is stated that Textron had to sell these bonds because it had a sizable bank borrowing of 46 million dollars as a result of financing recent acquisitions.

Published
1967

6. A way to get in for $1,000 or less.

Subjects
BOND funds, GOVERNMENT securities, MUNICIPAL bonds, MUTUAL funds
Abstract

The article offers information on the two types of government bond funds in the U.S., the four government funds and the municipal bond funds. It states that the government funds include the Fund for U.S. Government Securities, the Fund for Federal Securities and the American Express Government Securities. It notes that they invest in Treasury and agency issues and offer managed portfolios. It reveals that the municipal bond funds are considered as fixed-portfolio unit investment trusts.

Published
1974

7. THE FUNDS.

Subjects
INVESTMENT advisors, BOND funds, RATE of return on bonds, NET Asset Value
Abstract

News briefs on the topic of fund managers as of January 15, 1958 are presented. Joseph Furst, President of U.S. bond fund Income Fund of Boston, reports an 11.1% yield ration on short-term bonds from the Venezuelan government. Cameron K. Reed, President of United Funds, has spoken out against the selling tactics of fund salesmen. Albert M. Sheldon, President of Minnesota Fund, has announced in the annual stockholder letter that the company's net asset value has decreased.

Published
1958

8. Don't Count Your Chickens...

Subjects
BOND funds, BOND funds -- Rate of return, EFFECT of inflation on interest rates, MUTUAL funds, FINANCE
Abstract

The article discusses the mutual fund industry in the United States as of October 1, 1973, focusing on the performance of closed-end bond funds. Explored are investors' expectations created by high interest rates on bonds and the impact of inflation on investments. Particular attention is given to bond funds operated by investment company Keystone Investments and comments by its vice president Carl Andersen.

Published
1973