Diaspora Bond

Definition:

A sovereign bond that targets investors that have emmigrated to other countries and the relatives of those emmigrants. For example, the government of Greece tries to sell a government bond to Americans of Greek origin.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Risk-averse

Describes an investor who, when faced with two investments with the same expected return but different risks, prefers the one with the lower risk.

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