Skip to main content

Main menu

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

User menu

  • Sample our Content
  • Request a Demo
  • Log in

Search

  • ADVANCED SEARCH: Discover more content by journal, author or time frame
The Journal of Portfolio Management
  • IPR Logo
  • About Us
  • Journals
  • Publish
  • Advertise
  • Videos
  • Webinars
  • More
    • Awards
    • Article Licensing
    • Academic Use
  • Sample our Content
  • Request a Demo
  • Log in
The Journal of Portfolio Management

The Journal of Portfolio Management

ADVANCED SEARCH: Discover more content by journal, author or time frame

  • Home
  • Current Issue
  • Past Issues
  • Videos
  • Submit an article
  • More
    • About JPM
    • Awards
    • Editorial Board
    • Published Ahead of Print (PAP)
  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter
Primary Article

Successful Factors to Select Outperforming Corporate Bonds

Jouke Hottinga, Erik van Leeuwen and Judith van Ijserloo
The Journal of Portfolio Management Fall 2001, 28 (1) 88-101; DOI: https://doi.org/10.3905/jpm.2001.319825
Jouke Hottinga
A senior researcher in the quantitative research department at the Robeco Group in the Netherlands.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: j.hottinga@robeco.nl
Erik van Leeuwen
A vice president in the fixed income department at the Robeco Group in the Netherlands.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: e.m.h.van.leeuwen@robeco.nl
Judith van Ijserloo
A researcher in the quantitative research department at the Robeco Group in the Netherlands.
  • Find this author on Google Scholar
  • Find this author on PubMed
  • Search for this author on this site
  • For correspondence: j.van.ijserloo@robeco.nl
  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
Loading

Abstract

This study presents a method to select corporate bonds that outperform the corporate bond market as a whole. The approach has many similarities to the well–investigated field of stock selection strategies. The literature suggests several variables that are successful for the selection of outperforming stocks. The filters the authors investigate to select outperforming bonds will be even more useful because the fixed–income universe is so much larger, with more than 10,000 issues available. The authors test equity–related and bond–specific variables for selecting outperforming corporate bonds. After testing all the individual variables, they combine the most promising variables into one strategy. They achieve better–than–average performance in a corporate bond portfolio if they select bonds with a high spread valuation, a low spread return in recent months, and positive equity earnings revisions. The promising results are robust to several sensitivity tests.

  • © 2001 Pageant Media Ltd

Don’t have access? Click here to request a demo

Alternatively, Call a member of the team to discuss membership options

US and Overseas: +1 646-931-9045

UK: 0207 139 1600

Log in using your username and password

Forgot your user name or password?
PreviousNext
Back to top

Explore our content to discover more relevant research

  • By topic
  • Across journals
  • From the experts
  • Monthly highlights
  • Special collections

In this issue

The Journal of Portfolio Management
Vol. 28, Issue 1
Fall 2001
  • Table of Contents
  • Index by author
Download PDF
Article Alerts
Sign In to Email Alerts with your Email Address
Email Article

Thank you for your interest in spreading the word on The Journal of Portfolio Management.

NOTE: We only request your email address so that the person you are recommending the page to knows that you wanted them to see it, and that it is not junk mail. We do not capture any email address.

Enter multiple addresses on separate lines or separate them with commas.
Successful Factors to Select Outperforming Corporate Bonds
(Your Name) has sent you a message from The Journal of Portfolio Management
(Your Name) thought you would like to see the The Journal of Portfolio Management web site.
CAPTCHA
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.
Citation Tools
Successful Factors to Select Outperforming Corporate Bonds
Jouke Hottinga, Erik van Leeuwen, Judith van Ijserloo
The Journal of Portfolio Management Oct 2001, 28 (1) 88-101; DOI: 10.3905/jpm.2001.319825

Citation Manager Formats

  • BibTeX
  • Bookends
  • EasyBib
  • EndNote (tagged)
  • EndNote 8 (xml)
  • Medlars
  • Mendeley
  • Papers
  • RefWorks Tagged
  • Ref Manager
  • RIS
  • Zotero
Save To My Folders
Share
Successful Factors to Select Outperforming Corporate Bonds
Jouke Hottinga, Erik van Leeuwen, Judith van Ijserloo
The Journal of Portfolio Management Oct 2001, 28 (1) 88-101; DOI: 10.3905/jpm.2001.319825
del.icio.us logo Digg logo Reddit logo Twitter logo CiteULike logo Facebook logo Google logo LinkedIn logo Mendeley logo
Tweet Widget Facebook Like LinkedIn logo

Jump to section

  • Article
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

Similar Articles

Cited By...

  • Momentum and Reversal Effects in Corporate Bond Prices and Credit Cycles
  • Google Scholar

More in this TOC Section

  • Pricing Stock and Bond Options in Incomplete Markets
  • Taming Global Village Risk
  • Expected Return and Risk of Covered Call Strategies
Show more Primary Article
LONDON
One London Wall, London, EC2Y 5EA
United Kingdom
+44 207 139 1600
 
NEW YORK
41 Madison Avenue, New York, NY 10010
USA
+1 646 931 9045
pm-research@pageantmedia.com
 

Stay Connected

  • Follow IIJ on LinkedIn
  • Follow IIJ on Twitter

MORE FROM PMR

  • News
  • Awards
  • Investment Guides
  • Videos
  • About PMR

INFORMATION FOR

  • Academics
  • Agents
  • Authors
  • Content Usage Terms

GET INVOLVED

  • Advertise
  • Publish
  • Article Licensing
  • Contact Us
  • Subscribe Now
  • Sign In
  • Update your profile
  • Give us your feedback

© 2021 Pageant Media Ltd | All Rights Reserved | ISSN: 0095-4918 | E-ISSN: 2168-8656

  • Site Map
  • Terms & Conditions
  • Privacy Policy
  • Cookies