AIM 10.2 Thematic ETPs - Bonds

Thematic ETFs provide exposures to narrowly-based bond portfolios whose bonds  are clustered with a specific purpose in mind  (e.g., industry (e.g., financials), social concern (e.g., ESG)). In doing so, individuals assume assume incremental risk exposure (i.e., residual risk) in the hope of higher return. 

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• ​Readings

  • Whaley 2024 Bond valuation mechanics

  • Whaley 2024 Bond ratings

  • Morningstar 2019 Style box - Bonds​

• Lecture notes​

  • Slides​

    • Support files:

      • Cash equivalents.xlsx

      • ICE UST futures indexes.xlsx

      • BND.xlsx

      • Bond ETFs.xlsx