interesting
http://www.quoniam.de/fileadmin/images-content/Research/BEA_insight4Q09.pdf
Where's the first stop Gecko? I'm gonna be in the Alps early March if you're in France
Secondly, that all credit portfolios, on
average, outperformed risk-equivalent
balanced portfolios of treasuries and
equities – even during the period
including the latest credit crisis.
In summary, corporate bond investments
will enhance the risk/return behaviour of
a strategic asset allocation. Nevertheless
equities should not be “replaced” by
credits – instead smart investors should
allocate their risk budgets to both asset
classes in accordance with their alpha
requirements.
