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Article: Stable value funds beat money market, bond funds over long-term; Stable value funds average 6.4% gain over past 19 years, says study.(News)
- Article from:
- Investment News
- Article date:
- January 7, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Ilana Polyak
It might be tempting to retreat into the safety of money-market funds or certificates of deposits in times like these, but another investment could be better suited for such a flight to safety without sacrificing too much return.
Since 1988, stable-value funds have outperformed both money-market funds and intermediate bond funds, according to a recent study by David F. Babbel, professor of insurance and finance at the University of Pennsylvania's Wharton School in Philadelphia and senior advisor to CRA International Inc., a Boston-based consulting group.
Mr. Babbel found that for the 19 years he looked at stable-value ...