Bøker av Wolfgang Marty

This book analyses and discusses bonds and bond portfolios. The transition from a single bond to a bond portfolio leads to the equation for the internal rate of return. The impact of different yield scenarios on a model bond portfolio is illustrated.

This textbook first introduces the reader to return measurement and then goes on to compare the time-weighted rate of return (TWR) with the money-weighted rate of return (MWR). To emphasize the importance of risk in conjunction with return, different tracking errors are analyzed and ex-post versus ex-ante risk figures are compared.