Image:
The Électricité de France coal-fired power station in Le Havre, France, which closed in 2021.
An index of bonds issued by large companies is a useful metric against which to measure fund performance.
But credit indices are not perfectly constructed. They rely on periodic rebalancing rules which leave them open to concentration risk - across issuers, sectors and countries. For long-term inves...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
