Bond Fund Management Strategies

Student: Kovalyk Vladislav

Educational Programme: Financial Engineering (Master)

Year of Graduation: 2019

Theme of final qualifying work: “Bond fund management strategies” The dissertation research is devoted to the study of bond portfolio management methods. Much attention in the work is paid to the consideration of active and passive strategies and the comparison of their historical results. In order to improve one of the techniques mentioned in the work, the author proposes and tests a hybrid (active-passive) approach of bond portfolio management, which theoretically allows the outperformance of the results of the benchmark (US Treasury Total Return Unhedged USD) and to increase returns per unit of risk (historical volatility), while keeping the credit quality of the portfolio unchanged. The strategy is based on the integration of indexation method and technical analysis - two simple optimized moving averages. Keywords: asset management, bond portfolio, indexed portfolio method, moving averages.

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