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- Title
Examination of Fixed Income Securities Pooled with the S&P Index for Retirement Diversification: From Convertibles to Treasuries to Cash Alternatives.
- Authors
Picou, Armand
- Abstract
We examine the returns of retirement portfolios containing a diversified stock selection and various fixed income combinations to determine the best risk return tradeoffs for the 10 years 2010-2019. The classic 60/40 Equity/Debt holds the track record for delivering returns while reducing risk. For comparison, we test for the optimal mix and 70/30, 80/20 among others; for the 10 years in the study. The lowest risk return combinations for a 60/40 mix were found; with Municipal Securities dominating followed by Preferred Stocks, US High Yield, and Convertibles. The worst performing 60/40 combinations were made with International Bonds, Treasury Bills, and Government Bonds excluding U.S.
- Subjects
FIXED-income securities; STANDARD &; Poor's 500 Index; GOVERNMENT securities; MUNICIPAL bonds; TREASURY bills; PORTFOLIO diversification; CONVERTIBLE bonds; INDIAN rupee; NATIONAL currencies
- Publication
Journal of Applied Business & Economics, 2021, Vol 23, Issue 2, p35
- ISSN
1499-691X
- Publication type
Article
- DOI
10.33423/jabe.v23i2.4086