Where is the Efficient Frontier?

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2000 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Jing Chen;

doi: 10.2139/ssrn.239048

Where is the Efficient Frontier?

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Abstract

In a well developed financial market with liquid short term fixed income trading, the volatility of short term fixed income securities forms a continuous spectrum that converges to zero, the volatility of riskless asset. This means that the attainable combinations of risky assets contain the whole region under the capital market line and the capital market line is the efficient frontier for the risky assets.

Related Organizations

University of Northern British Columbia
Canada

Keywords

Capital market line; Efficient frontier; Riskless asset; Risky assets

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