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Risk-based approaches to asset allocation[electronic resource] :concepts and practical applications /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
杜威分類號:	332.6
書名/作者:	Risk-based approaches to asset allocation : concepts and practical applications // by Maria Debora Braga.
作者:	Braga, Maria Debora.
出版者:	Cham : : Springer International Publishing :, 2016.
面頁冊數:	viii, 99 p. : : ill., digital ;; 24 cm.
Contained By:	Springer eBooks
標題:	Asset allocation.
標題:	Risk management.
標題:	Finance.
標題:	Finance, general.
標題:	Macroeconomics/Monetary Economics/Financial Economics.
標題:	Management.
ISBN:	9783319243825
ISBN:	9783319243801
內容註:	Introduction -- The Traditional Approach to Asset Allocation -- Risk-Based Approaches to Asset Allocation: The Case for Risk Parity -- The Different Risk-Based Approaches to Asset Allocation -- Application of the Risk-Based Approaches to Asset Allocation -- Appendix.
摘要、提要註:	This book focuses on the concepts and applications of risk-based asset allocation. Markowitz's traditional approach to asset allocation suffers from serious drawbacks when implemented. These mainly arise from the estimation risk associated with the necessary input the most critical being expected returns. With the financial crisis, there has been an increasing interest in asset allocation approaches that don't need expected returns as input, known as risk-based approaches. The book provides an analysis of the different solutions that fit this description: the equal-weighting approach, the global minimum-variance approach, the most diversified portfolio approach and the risk parity approach. In addition to a theoretical discussion of these, it presents practical applications in different investment environments. Three different evaluation dimensions are considered to put these approaches to the test: financial efficiency, diversification and portfolio stability.
電子資源:	http://dx.doi.org/10.1007/978-3-319-24382-5

Risk-based approaches to asset allocation[electronic resource] :concepts and practical applications /
Braga, Maria Debora.

Risk-based approaches to asset allocationconcepts and practical applications /[electronic resource] :by Maria Debora Braga. - Cham :Springer International Publishing :2016. - viii, 99 p. :ill., digital ;24 cm. - SpringerBriefs in finance,2193-1720. - SpringerBriefs in finance..

Introduction -- The Traditional Approach to Asset Allocation -- Risk-Based Approaches to Asset Allocation: The Case for Risk Parity -- The Different Risk-Based Approaches to Asset Allocation -- Application of the Risk-Based Approaches to Asset Allocation -- Appendix.

This book focuses on the concepts and applications of risk-based asset allocation. Markowitz's traditional approach to asset allocation suffers from serious drawbacks when implemented. These mainly arise from the estimation risk associated with the necessary input the most critical being expected returns. With the financial crisis, there has been an increasing interest in asset allocation approaches that don't need expected returns as input, known as risk-based approaches. The book provides an analysis of the different solutions that fit this description: the equal-weighting approach, the global minimum-variance approach, the most diversified portfolio approach and the risk parity approach. In addition to a theoretical discussion of these, it presents practical applications in different investment environments. Three different evaluation dimensions are considered to put these approaches to the test: financial efficiency, diversification and portfolio stability.

ISBN: 9783319243825

Standard No.: 10.1007/978-3-319-24382-5doiSubjects--Topical Terms:

180658
Asset allocation.

LC Class. No.: HG4529.5 / .B734 2016

Dewey Class. No.: 332.6

Risk-based approaches to asset allocation[electronic resource] :concepts and practical applications /
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