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- 253
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- 2011-7-2
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Liquidity/Transaction cost in Sector Rotation Trades Fixed Income
From 2008 sample questions on CFAI:
Sector rotation trading strategies do not perform well in the corporate bond market, as compared to the equity market, because the corporate bond market generally has less liquidity than the equity market and higher trading costs than the equity market.
Is this still valid?, I can't find anywhere in the text where it states this. |
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发表于 2011-7-11 18:56
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