标题: Liquidity/Transaction cost in Sector Rotation Trades Fixed Income [打印本页] 作者: LBriscoe 时间: 2011-7-11 18:56 标题: 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.作者: nannan66 时间: 2011-7-11 18:56
Same in China, the corporate bond market has much less investment targets and limited trading volume. while the equity market has become the second largest market.
