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发表于 2013-4-5 06:44 PM
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Just a comment on why I'm still holding lots of bond. This is in fact a strategy in investment. It doesn't mean I'm extremely bearish.
In this strategy most of the cash is used for holding high-quality bond which generates income, and a small portion of the money was used to hold some futures position, depending on your preference. So I'm downplaying the trading part of holding futures, but using the instruments as long-term investment. There are many benefits in doing so.
1) Apparently the income part of holding bond is good.
2) Simultaneous holding of bonds and risk-assets futures clearly is a hedging strategy.
3) Finally futures offer a large number of choices for us to choose the most trendy risk assets.
4) Of course, easy trading of futures also allows us to switch off risk in the portfolio conveniently and cheaply. |
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