MFIs, markets need each other

The goal of an investment professional is to maximise the risk-adjusted return on the overall portfolio through diversification within and across asset classes. High repayment rates, low volatility of returns and low correlation with other asset classes make microfinance an interesting asset class.What drives the high repayment rates and low volatility of returns? How can […]

The predictive power of the yield spread in timing the stock market

Madras School of Economics, Gandhi Mandapam Road, Kottur, Chennai, India, Received 16 September 2009, Revised 2 March 2010, Accepted 7 March 2010, Available online 23 March 2010. Abstract This study examines the relationship between yield spread and stock market returns. It also explores a dynamic trading strategy of timing the Indian stock market using the […]

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