A Closer Look at Stable Value Funds Performance

Abstract

There exists a paucity of academic literature on stable value (SV) funds, although a growing volume of industry and practitioner literature has provided an in-depth look at how the funds are managed and the guarantees secured. To date, no rigorous analysis has been published on the performance of stable value funds from the investor's point of view. In this study, we provide what we understand to be the first published analysis of the performance of stable value funds