Fixed-Income Active Management: Credit Strategies
Free CFA Level III: Portfolio Management lesson in Credit Strategies. 22 min read, ~3,281 words.
Learning Outcome Statements. 1. describe risk considerations for spread-based fixed-income portfolios. 2. discuss the advantages and disadvantages of credit spread measures for spread-based fixed-income portfolios, and explain why option-adjusted spread is considered the most appropriate measure. 3. discuss bottom-up approaches to credit strategies. 4. discuss top-down approaches to credit strategies.
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
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