volume 10, issue 2, P353-402 2004
DOI: 10.1017/s1357321700002853
View full text
P. J. Sweeting

Abstract: ABSTRACTThe purpose of this paper is to investigate the role that fixed income securities should play in pension scheme investment. In this paper I look at the investment characteristics of the various bond asset classes, including the nature of the income streams produced. I also look at the relationships between the various asset classes and their stability over time. I then look at the usefulness of the asset classes in the context of a pensioner portfolio, considering both capital values and income streams…

expand abstract