Dim Sum Bonds: Do They Whet Your Appetite?

In this article, the authors use the Sharpe ratio and stochastic dominance to evaluate and compare the performance of dim sum bond index returns with equity and fixed-income benchmarks in Asia, Europe, and the U.S. The results indicate that dim sum bonds outperform almost all of the benchmarks studi...

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Bibliographic Details
Published inJournal of portfolio management Vol. 41; no. 5; pp. 127 - 135
Main Authors Fung, Hung-Gay, Hsu, Chuan-Hao, Lee, Wai, Yau, Jot
Format Journal Article
LanguageEnglish
Published London Pageant Media 01.01.2015
Subjects
American dollar
Asset allocation
Benchmarks
Bond markets
Bonds
Capital assets
Equity
Fixed incomes
Food service
Hypotheses
Institutional investments
Portfolio performance
Rates of return
Renminbi
Reserve assets
Studies
Time series
Asia
United States > US
Europe
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Summary:In this article, the authors use the Sharpe ratio and stochastic dominance to evaluate and compare the performance of dim sum bond index returns with equity and fixed-income benchmarks in Asia, Europe, and the U.S. The results indicate that dim sum bonds outperform almost all of the benchmarks studied, suggesting dim sum bonds to be a potential candidate for global portfolios.
ISSN:0095-4918
2168-8656
DOI:10.3905/jpm.2015.41.5.127