Factor Investing and Asset Allocation: A Business Cycle Perspective

Vasant Naik; Mukundan Devarajan; Andrew Nowobilski; SÃ bastien Page; Niels Pedersen

ISBN 10: 1944960147 / ISBN 13: 9781944960148

Edité par CFA Institute Research Foundation, 2016

May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. N° de réf. du vendeur G1944960147I4N00

Synopsis :

This monograph draws heavily on the vast body of knowledge that has been built by financial economists over the last 50 years. Its goal is to show how to solve real-life portfolio allocation problems. We have found that using a broad range of models works best. Also, we prefer simple over complex models. We believe that simplicity and modularity lend substantial robustness to investment analysis. Importantly, the framework presented provides several of the “missing links” in asset allocation—for example, the links between asset classes and risk factors, between macroeconomic views and expected returns, and ultimately between quantitative and fundamental investing.

Présentation de l'éditeur: This monograph draws heavily on the vast body of knowledge that has been built by financial economists over the last 50 years. Its goal is to show how to solve real-life portfolio allocation problems. We have found that using a broad range of models works best. Also, we prefer simple over complex models. We believe that simplicity and modularity lend substantial robustness to investment analysis. Importantly, the framework presented provides several of the “missing links” in asset allocation—for example, the links between asset classes and risk factors, between macroeconomic views and expected returns, and ultimately between quantitative and fundamental investing.

Détails bibliographiques

Titre : Factor Investing and Asset Allocation: A ...
Éditeur : CFA Institute Research Foundation
Date d'édition : 2016
Reliure : Paperback
Etat : Very Good
Etat de la jaquette : No Jacket