期刊名称：Annals of the University of Oradea : Economic Science
印刷版ISSN：1222-569X
电子版ISSN：1582-5450
出版年度：2009
卷号：XVIII
期号：03
出版社：University of Oradea
摘要：On the international capital markets there have been stated numerous strategies which have as main
objective, in the process of selection and management of financial instruments such as bonds, to minimize
the impact of the interest rate fluctuation risk on the performance of this type of portfolio. The performance
level of the managers of investment funds, with a portfolio structured primarily on fixed-income
instruments (treasury bonds, corporate bonds, possibly preferred shares),is a direct consequence of the
ability to use proper strategies.
In this paper I intend to present some of the techniques of risk management for a bond portofolio and to
illustrate a model of risk protection through immunization technique, applied to the bond portfolio of SIF
Banat-Crişana.
