KIC000096 - • III • Week III iIII II Down to 1% because...

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Unformatted text preview: • III • Week III iIII II Down to 1% because of issues in Egypt. Week III 1 2 and 3 Down to 0% similar reason to last week. Week 4 III III North Africa issues seem to stabilize. Positive returns in the previous weeks; up weight to 2%. • > .:. CMBS & RMBS (Neutral) );> );> );> •:. );> .:. );> );> •:. );> );> •:. );> );> Slow economic recovery reflected by macroeconomic indicators. All-time low mortgage rates -7 excess suRP.lY.lnevitable in the short run. Regulatory reform - Head wind of recovery . EM ( Neutral) Uncertainty in the developing country. i.e. turrnoil , high inflation, etc. HY ( Positive) Companies focus on balance sheet repair. Fundamentals backed by the strong earnings . Treasuries (Neutral) Negative spread. Viewed only as a tool of hedging the risk . ABS (Positive) Rating Agency raised out look for Credit Card as charge-offs declined .. Provide a good return in our portfolio with the second lowest duration . • ...
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This note was uploaded on 09/06/2011 for the course FIN 428 taught by Professor Hood during the Fall '11 term at Iowa State.

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KIC000096 - • III • Week III iIII II Down to 1% because...

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