Yes, my new answer is "I have no idea". And I'm showing my ignorance here.
But a quick google says they perform well in a robust economy and during periods of strong economic growth when the expected defaults by issuers are low.
Can't forget though that the market is 6 to 12 months forward looking.....except when it's reacting to massive policy shift?
The Big Boys, page-785
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Last
10,446 |
Change
143.800(1.40%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 10,302 | 10,455 | 10,302 |
| XMD (ASX) Chart |
