They are ideal for short-term financial goals like children's education or a down payment for a house.' 'They are also useful for transitional savings, such as during job switches or while starting a ...

But by how much? Modified duration is a formula that measures the sensitivity of the valuation change of a security to changes in interest rates. The Macaulay duration is named after economist and ...

But if you wanted to do the heavy lifting, you would have a choice between two formulas: Macaulay Duration, which is expressed in years, and Modified Duration, the more modern measurement ...

Duration of a Bond In 1938, Canadian economist Frederick Robertson Macaulay dubbed the effective-maturity concept the “duration” of the bond. In doing so, he suggested that this duration be ...

Union Mutual Fund has launched Union Short Duration fund, an open-ended short-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between one year to ...

Mirae Asset Investment Managers (India) has announced the launch of Mirae Asset Long Duration Fund, an open-ended debt scheme investing in instruments such that the Macaulay duration of the ...