Alternative Investments: CAIA Level I, 3rd Edition

APPENDIX Data Sources

This appendix provides details regarding data sources, followed by details regarding the empirical analyses that are used throughout the book.

Index Name and Description	Source	Granularity
MSCI Total Return Net World Free USD	Bloomberg	Monthly
Description: The MSCI World is a stock market index of more than 6,000 global stocks. It is maintained by MSCI Inc., formerly Morgan Stanley Capital International.
JPMorgan Global Aggregate Bond—Total Return Unhedged USD	Bloomberg	Monthly
Description: JPM Global Aggregate Bond Index (GABI) consists of the JPM GABI US, a U.S. dollar–denominated, investment-grade index spanning asset classes from developed to emerging markets, and extends the U.S. index to also include multicurrency, investment-grade instruments. Launched in November 2008, the JPM GABI represents nine distinct asset classes: Developed Market Treasuries, Emerging Market Local Treasuries, Emerging Markets External Debt, Emerging Markets Credit, U.S. Credit, Euro Credit, U.S. Agencies, U.S. MBS, and Pfandbriefe—represented by well-established JPMorgan indices. The JPM GABI US is constructed from more than 3,200 instruments issued from over 50 countries, and collectively represents US$8.6 trillion in market value. The JPM GABI is constructed from over 5,500 instruments issued from over 60 countries and denominated in more than 25 currencies, collectively representing US$20 trillion in market value.
Barclays U.S. Corporate High Yield Total ...