Active Asset Allocation

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Active Asset Allocation

Author : Robert D. Arnott
Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 448 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis Active Asset Allocation by : Robert D. Arnott

Download or read book Active Asset Allocation written by Robert D. Arnott and published by Irwin Professional Publishing. This book was released on 1992 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: No issue is more critical to institutional investors than asset allocation. In today's volatile and increasingly global financial markets, asset mix and portfolio allocation are ever more important. However, the term asset allocation means different things to different people in different contexts. Whether policy asset allocation, tactical asset allocation or dynamic strategies for asset allocation, the policies and tactics are designed to reshape the return distribution. Because there are a number of decisions to make and issues to evaluate when reviewing asset allocation, this authoritative text assembles some of the best thinking in the investment world today on the subject of asset allocation. In Active Asset Allocation, pension sponsors, endowment and foundation managers and portfolio managers will find answers to many of the perplexing problems of assessing and managing the asset mix. Editors Robert D. Arnott and Frank J. Fabozzi, joined by a host of eminent practitioners and theoreticians, focus on the many dimensions of the asset allocation decision, tactical asset allocation and the risks associated with active asset allocation. Completely revised to reflect the latest thinking, Active Asset Allocation updates the ground-breaking material that made the first edition a critically acclaimed best-seller. Some of these current thoughts on asset allocation are communicated through a comprehensive series of chapters, including Managing the Asset Mix; Asset Performance and Surplus Control; Risk-Adjusted Surplus; Tax Consequences of Trading; A Disciplined Approach to Global Asset Allocation; Does Tactical Asset Allocation Work? and At Last, a Rational Case forLong-Horizon Risk Tolerance and for Asset Allocation Timing?

The Investor's Guide to Active Asset Allocation

Author : Martin Pring
Publisher : McGraw Hill Professional
ISBN 13 : 0071491597
Total Pages : 385 pages
Book Rating : 4.0/5 (714 download)

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Book Synopsis The Investor's Guide to Active Asset Allocation by : Martin Pring

Download or read book The Investor's Guide to Active Asset Allocation written by Martin Pring and published by McGraw Hill Professional. This book was released on 2010-06-15 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Investor's Guide to Active Asset Allocation offers you the background and analytical tools required to take full advantage of the opportunities found in asset allocation, sector rotation, ETFs, and the business cycle. Written by renowned technical analyst and best-selling author Martin Pring, the book presents Pring's unique Six Business Cycle Stages, explaining why certain asset categories perform better or worse during different phases of the business cycle, and demonstrating how to use intermarket tools and technical analysis to recognize what business cycle stage the market is in. Pring shows you how to apply active asset allocation, rotating among sectors and major markets (stocks, bonds, and futures) as the business cycle stage changes, to develop optimum allocation strategies. He focuses on exchange traded funds (ETFs) as the best vehicle for asset allocation rotation, since they are easily traded and have much more flexibility than mutual funds. He also offers specific guidelines for what sectors to be in, depending on the business cycle stage. The Investor's Guide to Active Asset Allocation provides you with proven investing expertise on: Basic Principles of Money Management How the Business Cycle Drives the Prices of Bonds, Stocks, and Commodities The Pring Six Business Cycle Stages Technical Tools that Help to Identify Trend Reversals Putting Things into a Long-Term Perspective Recognizing Stages Using Easy-to-Follow Indicators as well as Models How the Ten Market Sectors Fit into the Rotation Process How Individual Sectors and Groups Performed in Each of the Six Stages Asset Allocation for Specific Stages This dynamic investing resource also gives you access to downloadable content, which contains supplementary information that will help you execute the strategies described in the book. You'll find links to useful websites that contain a wide-ranging library of ETFs, database sources, historical data files in Excel format, and a collection of historical multi-colored PowerPoint charts. An essential tool for improving your analytical skills, The Investor's Guide to Active Asset Allocation shows you how to move from a passive to an active allocation model and explains the link between business cycle and stock market cycle for more effective - and profitable - trading and investing.

Active Asset Allocation

Author : Walter R. Good
Publisher : McGraw-Hill Companies
ISBN 13 :
Total Pages : 328 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Active Asset Allocation by : Walter R. Good

Download or read book Active Asset Allocation written by Walter R. Good and published by McGraw-Hill Companies. This book was released on 1993 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pioneering book provides professional investors with an innovative approach to stock market valuation and portfolio management. Refuting the common notion that passive investing and active management are mutually exclusive, three top investors show how to combine both for maximum results. 105 illus.

The New Science of Asset Allocation

Author : Warren E. Bitters
Publisher : Global Professional Publishi
ISBN 13 : 9781888998023
Total Pages : 226 pages
Book Rating : 4.9/5 (98 download)

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Book Synopsis The New Science of Asset Allocation by : Warren E. Bitters

Download or read book The New Science of Asset Allocation written by Warren E. Bitters and published by Global Professional Publishi. This book was released on 1997 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: � Comprehensive survey on contemporary thinking � Essential reading for investment managers Asset allocation has only become a significant component in the investment management process comparatively recently. Increasingly sophisticated methods are being developed and used in the area. This text provides a survey of contemporary thinking in asset allocation and dissects the many niche subjects within the study of asset allocation to gain new insights.

The Active Asset Allocator

Author : Jennifer Woods
Publisher : Penguin
ISBN 13 : 1101163119
Total Pages : 358 pages
Book Rating : 4.1/5 (11 download)

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Book Synopsis The Active Asset Allocator by : Jennifer Woods

Download or read book The Active Asset Allocator written by Jennifer Woods and published by Penguin. This book was released on 2009-12-31 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: How investors can maximize returns and minimize risk using exchange traded funds and the latest asset allocation techniques Used wisely, exchange traded funds (ETFs) can make it easy to customize an asset allocation strategy for an investor's specific situation. They're a perfect way to divide money among various asset classes, such as stocks, bonds, currencies, and real estate. This groundbreaking book shows investors how and why to use ETFs as their primary investment vehicle. The benefits include instant diversification, transparency, tax efficiency, low costs, and intraday pricing. ETFs for the stock market combine the best features of individual stocks and mutual funds. They allow investors to easily buy and sell portions of the total market-offering more diversity than individual stocks, without the expenses and hassles of mutual funds. For example, the ETF called SPY (also known as Spyders) represents the largest five hundred stocks; an investor who buys shares of SPY is actually buying five hundred stocks rolled into one. There are hundreds of ETFs in sectors ranging from energy to financials to technology. The Active Asset Allocator explains how to balance the risks and rewards of various asset classes to match an investor's current goals. It also shows how to rebalance a portfolio over time, adjusting the allocation to generate higher returns with lower risk as market conditions change.

Asset Allocation For All Markets

Author : Terry Grennon
Publisher : Terry Grennon
ISBN 13 : 1684895782
Total Pages : 29 pages
Book Rating : 4.6/5 (848 download)

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Book Synopsis Asset Allocation For All Markets by : Terry Grennon

Download or read book Asset Allocation For All Markets written by Terry Grennon and published by Terry Grennon. This book was released on 2021-11-05 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: We know asset allocation theory, and reality is much different in a market meltdown. This book highlights the most critical research tied to investing in up and down market cycles, asset allocation, and investment management over the last 50 years. We start with a critical look at diversification and asset allocation; we provide an in-depth analysis of investing in stocks, we then provide details on two active asset allocation approaches, make a case for index funds, and then introduce you to a management tool which we'll use to manage the asset allocation strategy going forward.

Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Selecting Superior Returns and Controlling Risk

Download Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Selecting Superior Returns and Controlling Risk PDF Online Free

Author : Richard C. Grinold
Publisher : McGraw Hill Professional
ISBN 13 : 007137695X
Total Pages : 596 pages
Book Rating : 4.0/5 (713 download)

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Book Synopsis Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Selecting Superior Returns and Controlling Risk by : Richard C. Grinold

Download or read book Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Selecting Superior Returns and Controlling Risk written by Richard C. Grinold and published by McGraw Hill Professional. This book was released on 1999-11-16 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This new edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals." -William E. Jacques, Partner and Chief Investment Officer, Martingale Asset Management. "Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn." -Scott Stewart, Portfolio Manager, Fidelity Select Equity ® Discipline Co-Manager, Fidelity Freedom ® Funds. "This Second edition will not remain on the shelf, but will be continually referenced by both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management." -Eric N. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management. Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in 1994. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i.e., portfolios that consistently beat the market, this hallmark book helped thousands of investment managers. Active Portfolio Management, Second Edition, now sets the bar even higher. Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. Beyond the comprehensive treatment of the active management process covered previously, this new edition expands to cover asset allocation, long/short investing, information horizons, and other topics relevant today. It revisits a number of discussions from the first edition, shedding new light on some of today's most pressing issues, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management.

Adaptive Asset Allocation

Author : Adam Butler
Publisher : John Wiley & Sons
ISBN 13 : 1119220351
Total Pages : 244 pages
Book Rating : 4.1/5 (192 download)

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Book Synopsis Adaptive Asset Allocation by : Adam Butler

Download or read book Adaptive Asset Allocation written by Adam Butler and published by John Wiley & Sons. This book was released on 2016-02-23 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Build an agile, responsive portfolio with a new approach to global asset allocation Adaptive Asset Allocation is a no-nonsense how-to guide for dynamic portfolio management. Written by the team behind Gestaltu.com, this book walks you through a uniquely objective and unbiased investment philosophy and provides clear guidelines for execution. From foundational concepts and timing to forecasting and portfolio optimization, this book shares insightful perspective on portfolio adaptation that can improve any investment strategy. Accessible explanations of both classical and contemporary research support the methodologies presented, bolstered by the authors' own capstone case study showing the direct impact of this approach on the individual investor. Financial advisors are competing in an increasingly commoditized environment, with the added burden of two substantial bear markets in the last 15 years. This book presents a framework that addresses the major challenges both advisors and investors face, emphasizing the importance of an agile, globally-diversified portfolio. Drill down to the most important concepts in wealth management Optimize portfolio performance with careful timing of savings and withdrawals Forecast returns 80% more accurately than assuming long-term averages Adopt an investment framework for stability, growth, and maximum income An optimized portfolio must be structured in a way that allows quick response to changes in asset class risks and relationships, and the flexibility to continually adapt to market changes. To execute such an ambitious strategy, it is essential to have a strong grasp of foundational wealth management concepts, a reliable system of forecasting, and a clear understanding of the merits of individual investment methods. Adaptive Asset Allocation provides critical background information alongside a streamlined framework for improving portfolio performance.

Beyond Smart Beta

Author : Gökhan Kula
Publisher : John Wiley & Sons
ISBN 13 : 1119315247
Total Pages : 242 pages
Book Rating : 4.1/5 (193 download)

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Book Synopsis Beyond Smart Beta by : Gökhan Kula

Download or read book Beyond Smart Beta written by Gökhan Kula and published by John Wiley & Sons. This book was released on 2017-07-05 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delve into ETFs for smarter investing and a weatherproof portfolio Beyond Smart Beta is the investor's complete guide to index investing, with deep analysis, expert clarification and smart strategies for active portfolio management. From the general to the obscure, this book digs into every aspect of Exchange Traded Funds (ETFs) including ETCs and ETNs to break down the jargon and provide accessible guidance on utilising the indices as part of a more productive investment strategy. Succinct explanations of terms and concepts help you better grasp ETP anatomy, mechanics and practices, while examples, charts and graphs provide quick visual reference for total understanding. The expert author team examines the risks and benefits associated with various indexing approaches, sharing critical review of next-generation methods to help you make well-informed investment decisions. ETFs provide a solid foundation within mature and well-researched markets, allowing investors to focus on areas where active management has the potential to reap higher returns. This book shows you how to take full advantage of the growth of this market to strengthen your portfolio for the long term. Assess the current landscape and the anatomy of ETFs/ETPs Understand ETP handling, costs, trading, and investment Evaluate the pros and cons of next-generation indexing approaches Avoid risk while incorporating indices into an active portfolio management strategy Index concepts have evolved from basic, passive investments through Smart Beta, and are evolving into a third generation of products that will quickly become an important element of investor portfolios. Key benefits have propelled ETFs to surpass hedge funds in global capital, and the growth shows no sign of slowing. Beyond Smart Beta provides a primer for investors seeking to understand — and take advantage of — these lucrative new products.

Dynamic Portfolio Theory and Management

Author : Richard E. Oberuc
Publisher : McGraw Hill Professional
ISBN 13 : 9780071426695
Total Pages : 344 pages
Book Rating : 4.4/5 (266 download)

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Book Synopsis Dynamic Portfolio Theory and Management by : Richard E. Oberuc

Download or read book Dynamic Portfolio Theory and Management written by Richard E. Oberuc and published by McGraw Hill Professional. This book was released on 2004 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher Description

Active Index Investing

Author : Steven A. Schoenfeld
Publisher : John Wiley & Sons
ISBN 13 : 1118160800
Total Pages : 535 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Active Index Investing by : Steven A. Schoenfeld

Download or read book Active Index Investing written by Steven A. Schoenfeld and published by John Wiley & Sons. This book was released on 2011-08-04 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: For over three decades, indexing has become increasingly accepted by both institutional and individual investors. Index benchmarks and investment products that track them have been a driving force in the transformation of investment strategy from art to science. Yet investors’ understanding of the sophistication of this burgeoning field has lagged the growing use of index products. Active Index Investing is the definitive guide to how indexes are constructed, how index-based portfolios are managed, and how the world’s most sophisticated investors use index-based strategies to enhance performance, reduce costs and minimize the risks of investing. Active Index Investing provides a comprehensive overview of (1) the investment theories that are the foundation of index based investing, (2) best practices in benchmark construction, (3) the growing world of index-based investment vehicles, (4) cutting-edge index portfolio management techniq ues and (5) the myriad ways investors can and do capture the benefits of indexing. Active Index Investing has a unique format that captures the views and perspectives of over 40 of the investment industry’s leading experts and practitioners, while maintaining a holistic view of this complex subject matter. In addition to the Appendix and Glossary within the book, it features an E-ppendix, available at www.IndexUniverse.com

Active versus Passive Management

Author : Larry E. Swedroe
Publisher : John Wiley & Sons
ISBN 13 : 1118006569
Total Pages : 17 pages
Book Rating : 4.1/5 (18 download)

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Book Synopsis Active versus Passive Management by : Larry E. Swedroe

Download or read book Active versus Passive Management written by Larry E. Swedroe and published by John Wiley & Sons. This book was released on 2010-12-16 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The active versus passive debate is a contentious issue. Filled with concrete evidence and comprehensive money management strategies, this chapter from The Only Guide You'll Ever Need for the Right Financial Plan delves into the case for passive investing over active investing. You can do so by investing in passively managed investment vehicles like index funds and passive asset class funds. You are virtually guaranteed to outperform the majority of both professionals and individual investors. Written for savvy investors and advisors, this chapter helps you: Integrate a passive investing strategy Maintain your portfolio's risk portfolio in a tax-efficient manner Determine the difference between the theories of efficient versus inefficient markets Make cost-effective investment decisions From Larry Swedroe, the author of the bestselling series of "The Only Guide" investment books, with Kevin Grogan and Tiya Lim, this chapter helps you integrate diversification, low turnover, and asset allocation into one plan that meets the needs of a unique situation.

Tactical Alpha

Author : Adam Butler
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Tactical Alpha by : Adam Butler

Download or read book Tactical Alpha written by Adam Butler and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Grinold linked investment alpha and Information Ratio to the breadth of independent active bets in an investment universe with his Fundamental Law of Active Management. Breadth is often misinterpreted as the number of eligible securities in a manager's investment universe, but this ignores the impact of correlation. When correlation is considered, a small universe of uncorrelated assets may explain more than half the breadth of a large stock universe. Given low historical correlations between global asset classes in comparison with individual securities in a market, we make the case that investors may be well served by increasing allocations to Tactical Alpha strategies in pursuit of higher Information Ratios. This hypothesis is validated by a novel theoretical analysis, and bolstered by two empirical examples applied to a global asset class universe and U.S. stock portfolios.

Portfolio Management in Practice, Volume 1

Author : CFA Institute
Publisher : John Wiley & Sons
ISBN 13 : 1119743729
Total Pages : 1328 pages
Book Rating : 4.1/5 (197 download)

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Book Synopsis Portfolio Management in Practice, Volume 1 by : CFA Institute

Download or read book Portfolio Management in Practice, Volume 1 written by CFA Institute and published by John Wiley & Sons. This book was released on 2020-11-11 with total page 1328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Portfolio Management in Practice, Volume 1: Investment Management delivers a comprehensive overview of investment management for students and industry professionals. As the first volume in the CFA Institute’s new Portfolio Management in Practice series, Investment Management offers professionals looking to enhance their skillsets and students building foundational knowledge an essential understanding of key investment management concepts. Designed to be an accessible resource for a wide range of learners, this volume explores the full portfolio management process. Inside, readers will find detailed coverage of: Forming capital market expectations Principles of the asset allocation process Determining investment strategies within each asset class Integrating considerations specific to high net worth individuals or institutions into chosen strategies And more To apply the concepts outlined in the Investment Management volume, explore the accompanying Portfolio Management in Practice, Volume 1: Investment Management Workbook. The perfect companion resource, this workbook aligns chapter-by-chapter with Investment Management for easy referencing so readers can draw connections between theoretical content and challenging practice problems. Featuring contributions from the CFA Institute’s subject matter experts, Portfolio Management in Practice, Volume 1: Investment Management distills the knowledge forward-thinking professionals will need to succeed in today’s fast-paced financial world.

Asset Allocation Strategies for Mutual Funds

Author : Giuseppe Galloppo
Publisher : Springer Nature
ISBN 13 : 3030761282
Total Pages : 485 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis Asset Allocation Strategies for Mutual Funds by : Giuseppe Galloppo

Download or read book Asset Allocation Strategies for Mutual Funds written by Giuseppe Galloppo and published by Springer Nature. This book was released on 2021-07-24 with total page 485 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers an overview of the best-working strategies in the field of equity and fixed income mutual fund-based portfolio management. This timely research considers different market conditions, such as global financial crises, across various geographical regions such as the USA and Europe. Combining academic and practical findings, the author presents a practitioner perspective on mutual fund-based portfolio strategies, appealing not only to finance scholars but also professionals within the asset management industry. This book synthesizes a large part of the academic research to date on the mutual fund industry by drawing from the most widely cited academic journals. The author makes a systematic use of numerical examples to facilitate the understanding of Investment themes organized around several important topics: size, diversification, flows, active management, volatility, performance persistence and rating.

All About Asset Allocation, Second Edition

Author : Richard A. Ferri
Publisher : McGraw Hill Professional
ISBN 13 : 0071759514
Total Pages : 353 pages
Book Rating : 4.0/5 (717 download)

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Book Synopsis All About Asset Allocation, Second Edition by : Richard A. Ferri

Download or read book All About Asset Allocation, Second Edition written by Richard A. Ferri and published by McGraw Hill Professional. This book was released on 2010-07-12 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: WHEN IT COMES TO INVESTING FOR YOUR FUTURE, THERE'S ONLY ONE SURE BET—ASSET ALLOCATION THE EASY WAY TO GET STARTED Everything You Need to Know About How To: Implement a smart asset allocation strategy Diversify your investments with stocks, bonds,real estate, and other classes Change your allocation and lock in gains Trying to outwit the market is a bad gamble. If you're serious about investing for the long run, you have to take a no-nonsense, businesslike approach to your portfolio. In addition to covering all the basics, this new edition of All About Asset Allocation includes timely advice on: Learning which investments work well together and why Selecting the right mutual funds and ETFs Creating an asset allocation that’s right for your needs Knowing how and when to change an allocation Understanding target-date mutual funds "All About Asset Allocation offers advice that is both prudent and practical--keep it simple, diversify, and, above all, keep your expenses low--from an author who both knows how vital asset allocation is to investment success and, most important, works with real people." -- John C. Bogle, founder and former CEO, The Vanguard Group "With All About Asset Allocation at your side, you'll be executing a sound investment plan, using the best materials and wearing the best safety rope that money can buy." -- William Bernstein, founder and author, The Intelligent Asset Allocator

ASSET DEDICATION

Author : Stephen J. Huxley
Publisher : McGraw Hill Professional
ISBN 13 : 0071454675
Total Pages : 336 pages
Book Rating : 4.0/5 (714 download)

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Book Synopsis ASSET DEDICATION by : Stephen J. Huxley

Download or read book ASSET DEDICATION written by Stephen J. Huxley and published by McGraw Hill Professional. This book was released on 2004-10-22 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first book to close the perilous gaps in—and enhance the performance of—asset allocation Asset allocation is one of today’s bestknown investment approaches. Problem is, its major precept—that a magic-number, fixed-percentage asset mix will provide superior results for investors who have dramatically different goals and needs—is scientifically unproven and fundamentally flawed. Asset Dedication updates the asset allocation model, outlining a seven-step process designed to more effectively meet the real needs of real investors. Showing investors how to design low-risk portfolios that more accurately and successfully dedicate assets, this breakthrough book helps investors fill in the gaps inherent to asset allocation by demonstrating: Techniques for ascertaining the best asset mix by determining individual needs and goals How asset dedication provides superior protection against inflation and market risk Investing strategies for the three investment life phases—accumulation, distribution, and transfer