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| Author: | Silva, F. Céu Cortez, M. do Rocha Armada, M. |
| Title: | Conditioning information and European bond fund performance |
| Journal: | European Financial Management
2003 : JUN, VOL. 9:2, p. 201-230 |
| Index terms: | Bond markets Funds Information Performance appraisal Europe |
| Language: | eng |
| Abstract: | The performance of European bond funds is evaluated using unconditional and conditional models. As conditioning information are used variables that are found to be useful in predicting bond returns in the European market. The results show that, in general, bond funds are not able to outperform passive strategies. These findings are robust to whatever model is used. The multi-index model seems to add some explanatory power in relation to the single-index model. |
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