Show simple item record ap Gwilym, Owain Seaton, James Suddason, Karina Thomas, Stephen 2008-11-07T12:19:49Z 2008-11-07T12:19:49Z 2006
dc.identifier.citation ap Gwilym , O , Seaton , J , Suddason , K & Thomas , S 2006 , ' Does the Fed Model travel well? ' Journal of Portfolio Management , vol 33 , no. 1 , pp. 68-75 . DOI: 10.3905/jpm.2006.661376 en
dc.identifier.issn 0095-4918
dc.identifier.other PURE: 82562
dc.identifier.other PURE UUID: 3ce6d086-17d8-4755-8721-12d7532b3cc2
dc.identifier.other dspace: 2160/924
dc.identifier.other DSpace_20121128.csv: row: 734
dc.identifier.other Scopus: 33845301228
dc.description ap Gwilym, Owain, et al., 'Does the Fed Model travel well?', Journal of Portfolio Management (2006) 33(1) pp.68-75 RAE2008 en
dc.description.abstract Equity markets are frequently valued on the basis of the relative yields of stocks and bonds. The most widely known of these comparisons is the Fed model; stocks are considered cheap when their earnings yield exceeds a long bond yield. Comparisons examining the performance of this metric and more traditional valuation measures such as earnings and dividend yields in six international markets are interesting. The Fed model turns out to be poor in explaining long-run returns, while it has some merit as a short-term tactical asset allocation tool. en
dc.format.extent 8 en
dc.language.iso eng
dc.relation.ispartof Journal of Portfolio Management en
dc.rights en
dc.title Does the Fed Model travel well? en
dc.type /dk/atira/pure/researchoutput/researchoutputtypes/contributiontojournal/article en
dc.contributor.institution School of Management and Business en
dc.contributor.institution Centre for Empirical Finance en
dc.description.status Peer reviewed en

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