Fixed Income Investment Strategies

In this section

• Passive Fixed Income Strategies
  Learn the main passive approaches used to build and maintain fixed income exposure.
  • Buy and Hold Strategy
    Review the buy-and-hold approach and how it fits long-term fixed income investing.
  • Indexing and Replication
    Understand how bond indexing and replication approaches aim to track benchmark performance.
  • Immunization Techniques
    Study immunization methods used to manage interest rate risk in fixed income portfolios.
    • Single-Period Immunization
      Review single-period immunization as a way to align asset duration with a target liability date.
    • Multiple-Period Immunization
      Understand multiple-period immunization for managing a stream of liabilities across time.
• Active Fixed Income Strategies
  Compare active strategies that seek to outperform benchmarks through rate views, curve positioning, and security selection.
  • Interest Rate Anticipation
    Learn how investors position fixed income portfolios based on expected changes in interest rates.
  • Yield Curve Strategies
    Study how investors position maturities along the curve to express views on shape and movement.
    • Bullet Strategy
      Review the bullet strategy as a concentrated maturity-positioning approach in fixed income investing.
    • Barbell Strategy
      Understand the barbell strategy and how it balances short and long maturities in one portfolio.
    • Ladder Strategy
      Review laddering as a maturity-distribution strategy for managing reinvestment and rate risk.
  • Sector Rotation and Credit Analysis
    See how active managers shift among sectors and credits to capture changing relative value opportunities.
  • Valuation Analysis and Security Selection
    Learn how relative value analysis supports security selection in active fixed income investing.
• Bond Portfolio Management
  Study how fixed income portfolios are built, diversified, monitored, and evaluated over time.
  • Constructing a Bond Portfolio
    Review the core decisions involved in building a fixed income portfolio around objectives and constraints.
  • Risk Management and Diversification in Bond Portfolios
    Understand how diversification and risk controls are applied across a fixed income portfolio.
  • Performance Measurement and Attribution
    Learn how fixed income performance is measured and attributed across strategy, sector, and security choices.