Inflation-indexed Bonds as a Protective Investment Tool

Student: Gorgidzhanov Anzori

Educational Programme: Economics (Bachelor)

Year of Graduation: 2017

In the framework of this study, the Inflation-indexed Bonds, recently introduced in the government securities market, is being considered. The aim of this paper is a theoretical and empirical study of the ability of Inflation-indexed Bonds to serve as a protective investment tool, namely the ability of this asset to protect the investor from inflation, diversify the portfolio and bring a stable income. In this connection, the study of properties and characteristics of Inflation-indexed Bonds is conducted, empirically demonstrates the ability of this investment tool to diversify the portfolio. Also, the recent occurrence and release of such state securities in the Russian Federation is assessed, their issue and foreign experience in using indexed bonds is being studied.

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