TY - JOUR T1 - Practical Applications of Five Mysteries Surrounding Low and Negative Interest Rates JF - Practical Applications SP - 1 LP - 4 DO - 10.3905/pa.5.3.248 VL - 5 IS - 3 AU - Laurence B. Siegel AU - Stephen C. Sexauer Y1 - 2018/01/31 UR - https://pm-research.com/content/5/3/1.6.abstract N2 - OverviewFive Mysteries Surrounding Low and Negative Interest Rates, published the Spring 2017 issue of The Journal of Portfolio Management, cautions practitioners against taking extreme measures in what may appear to be extreme times. Authors Laurence B. Siegel of the CFA Institute Research Foundation and Stephen C. Sexauer of the San Diego County Employees Retirement Association find that the so-called “mysteries” of negative rates can mostly be demystified by solid application of familiar economic theory.They urge long-term investors to take a conservative investment approach to the current climate, sticking to portfolio management fundamentals and steering clear of expensive alternative investments that promise high performance in a low-return world. ER -