Liquidity in the eight government bond markets in which the ABF2 invests has improved significantly since the fund's inception in 2005. These improvements may be traced to the consolidation of issuance in a few benchmark maturities, an increase in market making activity, and the lowering of...

The covered bond market offers investors an alternative to developed country government securities. The valuation of covered bonds is complex. While there is some evidence of differences in the pricing of these bonds by nationality of issuer, these appear to be only weakly related to differences...