Stocks, Bonds, Bills, and Inflation (SBBI): 2021 Summary Edition
This Stocks, Bonds, Bills, and Inflation® (SBBI®): 2021 Summary Edition enables investors to understand how to calculate, interpret, and use the US historical stock and bond data that the CFA Institute Research Foundation has made available to CFA Institute members.
The data include the capital appreciation, income, and total returns of the major asset classes of the US economy: large-cap stocks, small-cap stocks, corporate bonds, government bonds of various maturities, and inflation. This summary volume includes illustrative data, methodology, formulae, and analysis that will help investors and analysts learn how to use market time series raw data, which is separately available.
This SBBI® Summary Edition is an excellent way for those starting out in the investment industry to gain a quick understanding of the major asset classes, how returns are calculated, and the long-run perspective. CFA Institute members will have free access to the raw SBBI® data itself, and they will be able to develop their own optimization and forecasting techniques solely with the SBBI® data or combined with external time series data sources.