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Risk-based approaches to asset allocation = concepts and practical applications /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Risk-based approaches to asset allocation/ by Maria Debora Braga.
其他題名:	concepts and practical applications /
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. -
電子資源:	http://dx.doi.org/10.1007/978-3-319-24382-5
ISBN:	9783319243825

Risk-based approaches to asset allocation = 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:

564730
Asset allocation.

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

Dewey Class. No.: 332.6

Risk-based approaches to asset allocation = concepts and practical applications /
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