Liability-Driven and Index-Based Strategies for Fixed-Income Portfolio Management - Part 2

Learn essential concepts of liability-driven investing and index-based strategies in this comprehensive video lecture designed for CFA Level III candidates. Master key topics including liability-driven investing principles, measuring retirement benefits, duration gap analysis, and futures contract calculations. Explore practical applications through real-world examples like the airline industry case study, while understanding critical risk factors such as model risk and spread risk. Delve into indexing strategies, examining duration-convexity relationships, full replication techniques, total return swaps, and enhanced indexing approaches. Gain proficiency in handling callable bonds, developing policy statements, and selecting appropriate benchmarks for fixed-income portfolios. Through detailed explanations and practical examples, develop the expertise needed to evaluate liability-based strategies under various interest rate scenarios and effectively manage fixed-income portfolios against liability structures.