1. Dear readers

   • Manuel Ammann

   EditorialNotes Pages: 1 - 2

2. Bond market volatility vs. Stock market volatility: The Swiss experience

   • Philip J. Young
   • Robert R. Johnson

   OriginalPaper Pages: 8 - 23

3. The cost of raising capital — New evidence from seasoned equity offerings in Switzerland

   • Christoph Kaserer
   • Fabian Steiner

   OriginalPaper Pages: 24 - 38

4. Tactical asset allocation and estimation risk

   • Ulf Herold
   • Raimond Maurer

   OriginalPaper Pages: 39 - 57

5. External Triggered Herding bei Rentenmarkt-Analysten

   • Markus Spiwoks

   OriginalPaper Pages: 58 - 83