fixed income fund

There is ample historical data to suggest that log returns of stocks and indices are not independent and identically distributed Normally, as is commonly assumed. Instead, the returns of financial assets are skewed and have higher kurtosis. To account for skewness and excess kurtosis, it is necessary to have a distribution that is more flexible than the Gaussian distribution and uses additional information that may be present in higher moments. The federal government's Thrift Savings Plan (TSP) is the largest ...