文章基本信息

标题：Do Utility Stocks Provide Exposure To Bond Markets?
本地全文：下载
作者：Carol Boyer ; Stephen J. Ciccone
期刊名称：Journal of Business & Economics Research
印刷版ISSN：1542-4448
电子版ISSN：2157-8893
出版年度：2011
卷号：7
期号：12
语种：English
出版社：The Clute Institute for Academic Research
摘要：This study examines the relationship between utility stock returns and various bond or interest rate index returns. In contrast to the S&P 500 index, utility stocks show a positive relationship to bond returns. Utility stocks also are more correlated with corporate bond returns than the stock indexes. Overall, utility stocks are considered an excellent diversification tool. The upside of the stock market can be captured, but with less downside risk.
关键词：Utility stocks;Dividends;Bond Market;Garch model;Time series