ABSTRACT

This innovative volume comprises a selection of original research articles offering a broad perspective on various dimensions of asset management in an international capital market environment. The topics covered include risk management and asset pricing models for portfolio management, performance evaluation and performance measurement of equity mutual funds as well as the wide range of bond portfolio management issues.

Asset Management and International Capital Markets offers interesting new insights into state-of-the-art asset pricing and asset management research with a focus on international issues. Each chapter makes a valuable contribution to current research and literature, and will be of significant importance to the practice of asset management.

This book is a compilation of articles originally published in The European Journal of Finance.

chapter 2|22 pages

Long-horizon consumption risk and the cross-section of returns

New tests and international evidence

chapter 3|24 pages

Performance measures and incentives

Loading negative coskewness to outperform the CAPM

chapter 9|29 pages

International bond diversification strategies

The impact of currency, country, and credit risk

chapter 10|19 pages

The performance of investment grade corporate bond funds

Evidence from the European market