TITLE

New HY Index: A Way to Manipulate?

AUTHOR(S)
Husband, Sarah
PUB. DATE
October 2003
SOURCE
Investment Dealers' Digest;10/20/2003, Vol. 69 Issue 40, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Focuses on the criticism on the decision of Credit Suisse First Boston to launch a high yield index called Institutional High Yield Index in 2003. Problems with high yield indexes; Provision of opportunity to managers to manipulate their fund returns; Elimination of the tail risk associated with distressed and smaller issues.
ACCESSION #
11125318

 

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