Value vs. Glamour: Bond Performance
7 Pages Posted: 23 Nov 2008
Date Written: August 15, 2008
Previous research by the Brandes Institute has shown the historical long-term performance advantage of value stocks over glamour stocks. What about corporate bonds? Here, we show that bonds issued by value companies have provided greater appreciation than those issued by glamour companies.
Keywords: Brandes, Brandes Institute, value, value investing, investor, investing, corporate bonds, corporates, fixed income, fixed income investing, high yield, high yield bonds, debt, LSV, OAS
JEL Classification: G00, G14
Suggested Citation: Suggested Citation