Immunization in Practice
Immunization can be done in a portfolio of a single asset type, such as government bonds, by creating long and short positions along the yield curve. It is usually possible to immunize a portfolio against the most prevalent risk factors. A principal component analysis of changes along the U.S. Government Treasury yield curve reveals that more than 90% of the yield curve shifts are parallel shifts, followed by a smaller percentage of slope shifts and a very small percentage of curvature shifts. Using that knowledge, an immunized portfolio can be created by creating long positions with durations at the long and short end of the curve, and a matching short position with a duration in the middle of the curve. These positions protect against parallel shifts and slope changes, in exchange for exposure to curvature changes.
Read more about this topic: Immunization (finance)
Other articles related to "immunization":
... This method is known as plague immunization ... Plague immunization also encompasses incurring state of passive specific immunity to plague in a susceptible organism after administration of a plague serum or plague ...
... Passive immunization is where pre-synthesized elements of the immune system are transferred to a person so that the body does not need to produce these elements itself ... Currently, antibodies can be used for passive immunization ... This method of immunization begins to work very quickly, but it is short lasting, because the antibodies are naturally broken down, and if there are no B cells to produce more antibodies, they will disappear ...
... Every Wednesday is designated as immunization day and is adopted in all parts of the country ... Immunization is done monthly in barangay health stations, quarterly in remote areas of the country ...
1982 to 1989, Jean Marie Okwo-Bele served as an Expanded Programme on Immunization (EPI) Manager, within the EPI-Combatting Child Communicable Diseases division of ... Agency, UNICEF, where he held the position of Chief of Immunization Activities, at the UNICEF Headquarters in New York City ... until he was called back to WHO in 2004 to serve as the new Director of the Department of Immunization, Vaccines and Biologicals, at the WHO headquarters in Geneva, Switzerland ...
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“Nonwhite and working-class women, if they are ever to identify with the organized women’s movement, must see their own diverse experiences reflected in the practice and policy statements of these predominantly white middle-class groups.”
—Kimberly Crenshaw (b. 1959)