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Investigating the factors affecting the performance of offshore high-yield bond funds

Author

Listed:
  • Yensen Ni
  • Paoyu Huang
  • Yaochia Ku
  • Yuhsin Chen

Abstract

We investigate the factors affecting the performance of offshore high-yield bond funds and reveal two impressive findings, which might contribute to the existing literature. First, we disclose that the funds registered in Luxembourg perform better than those registered in Ireland, which seems unrevealed in the existing literature. Second, we show that the funds with high volatilities might not have better performance. We infer that high volatilities incorporating systematic and unsystematic risks might not enhance bond returns, even though we reveal that systematic risks would enhance bond returns in this study.

Suggested Citation

  • Yensen Ni & Paoyu Huang & Yaochia Ku & Yuhsin Chen, 2018. "Investigating the factors affecting the performance of offshore high-yield bond funds," International Journal of Financial Services Management, Inderscience Enterprises Ltd, vol. 9(3), pages 242-254.
    • Handle: RePEc:ids:ijfsmg:v:9:y:2018:i:3:p:242-254
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