Question: In an article titled CUNA Mutual Looks for Noncallable Corporates

In an article titled “CUNA Mutual Looks for Noncallable Corporates” that appeared in the November 4, 1991, issue of BondWeek, p. 6, Joe Goglia, a portfolio manager for CUNA Mutual Insurance Group, stated that he invests in “planned amortization class tranches, which have less exposure to prepayment risk and are more positively convex than other mortgage-backeds.” Is this true?

  • CreatedAugust 22, 2015
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