Results 251 to 260 of about 346,211 (298)
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The Journal of Wealth Management, 2003
The authors start by noting that record amounts of funds have flowed into bonds in the last two years as stock prices plunged and interest rates continued to decline. However, investors need to carefully consider not only the likely future performance of bonds but also the asset allocation decision.
Charles P. Jones, Jack W. Wilson
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The authors start by noting that record amounts of funds have flowed into bonds in the last two years as stock prices plunged and interest rates continued to decline. However, investors need to carefully consider not only the likely future performance of bonds but also the asset allocation decision.
Charles P. Jones, Jack W. Wilson
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2007
Abstract Institutional portfolios with long-term investment horizons, such as endowments, are best invested in assets capable of generating equity-like returns, including those with private equity and absolute return strategies. To mitigate equity risks, portfolios also include fixed income, real estate, and other assets such as ...
Shanta Acharya, Elroy Dimson
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Abstract Institutional portfolios with long-term investment horizons, such as endowments, are best invested in assets capable of generating equity-like returns, including those with private equity and absolute return strategies. To mitigate equity risks, portfolios also include fixed income, real estate, and other assets such as ...
Shanta Acharya, Elroy Dimson
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Factor Allocation and Asset Allocation
The Journal of Wealth Management, 2018This article examines four different asset-pricing factors and their use in a portfolio that varies over time based on an investor’s risk preferences. Using data for the period 1980–2014, the authors show that the risk premiums of different factors are not constant over time and that investors may improve their risk–return trade-off by weighting or ...
Gregg S. Fisher, Michael B. McDonald
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Risk Allocation versus Asset Allocation
The Journal of Portfolio Management, 2002Most investors are exposed to both systematic and active risks in their portfolios. Systematic risks stem from consistent exposure to marketwide factors, and are usually associated with marketwide risk premiums. Active risk comes from actively managing underlying security and/or systematic risk exposures. Traditional long-only investment strategies are
Roger G. Clarke +2 more
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Robust Portfolio Asset Allocation
2011Selection of stocks in a portfolio of shares represents a very interesting problem of ‘optimal classification’. Often such optimal allocation is determined by second-order conditions which are very sensitive to outliers. Classical Markowitz estimators of the covariance matrix seem to provide poor results in financial management, so we propose an ...
Grossi L., Laurini F.
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Asset Allocation with Shadow Assets
The Journal of Wealth Management, 2012The wealth of most investors contains both financial assets as well as nonfinancial assets. The author defines shadow assets as (mostly) nonfinancial and nontradable assets that are exogenous to the investor’s asset allocation decision, such as human capital, nonfinancial sovereign assets (e.g., underground oil reserves), the present value of future ...
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Asset Classes and Asset Allocation
The Journal of Wealth Management, 2000The author starts by pointing out that the early formulations of asset allocation were very narrow and did not anticipate the wide array of institutional investment possibilities that are now available. He argues that the elegant simplicity of a three-class system has now been degraded into a complex array of shifting and inconsistent categories that ...
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2018
This chapter reviews research into real estate investment trusts (REITs) asset allocation to consider whether REITs are real estate and the role of REITs in a mixed asset portfolio. For the purposes of empirical analysis, the following asset classes are considered: large-cap stocks, small-cap stocks, long-term government bonds and REITs for the period ...
Stephen Lee, Alex Moss
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This chapter reviews research into real estate investment trusts (REITs) asset allocation to consider whether REITs are real estate and the role of REITs in a mixed asset portfolio. For the purposes of empirical analysis, the following asset classes are considered: large-cap stocks, small-cap stocks, long-term government bonds and REITs for the period ...
Stephen Lee, Alex Moss
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CFA Institute Magazine, 2011
In an award-winning article, William Sharpe proposes an asset allocation approach that downplays contrarian behavior by setting asset weights relative to (not irrespective of) the market.
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In an award-winning article, William Sharpe proposes an asset allocation approach that downplays contrarian behavior by setting asset weights relative to (not irrespective of) the market.
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