Best Blogs of the Week vol 190

Best Blogs of the Week vol 190

We cover five posts this week, three (fixed income transparency, LDI within DB plans, and taxes on international investing) posts offer in-depth analysis on topics rarely covered by the industry’s blogs. We also welcome Lord Abbett. First time one of their posts made the cut.

Bonds: Is More Transparency Better? –Lord Abbett

“… TRACE may be leading to a reduction in liquidity in the corporate bond markets.”

Sortino Ratios Measure Risk the Way Investors Do –Oppenheimer (Sortino Ratio Revealed!)

“This tool – the Sortino ratio – addresses one of the limitations of the Sharpe ratio and looks at the returns that investments deliver only in relation to their volatility during down markets.”

Data in China Points to a Significant Slowdown –Oppenheimer (Chinese Economy Slowdown … in charts!)

“Looking at the Chinese data from these two perspectives provides a stark reminder of how severe the slowdown is.”

International investing doesn’t have to be a tax burden –Russell

“The real reason international equities are typically tax inefficient is due to poor tax management by money managers.”

Surprise ingredient for an LDI recipe: A pinch of global min vol—as an equity suballocation? –Vanguard (Volatility Consideration for Large DB Plans)

“For all but frozen plans near termination, we advise a return-seeking and a liability-hedging asset allocation.”