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Multi-asset investing : a practitioner's framework /
"It is best described as that part of academic wisdom that the authors have found useful in actually managing assets, coupled with heuristics that they have developed over the last decade"--
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Chichester, West Sussex, United Kingdom :
John Wiley & Sons Ltd.,
2016.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Series; Title page; Copyright; Dedication; Preface; About the Authors; Chapter 1 An Introduction to the Multi-Asset Investment Problem; 1.1 WHAT IS MULTI-ASSET INVESTING?; 1.2 THE CONVENTIONAL STRUCTURE; 1.3 TRANSITIONING FROM ACTIVE MANAGEMENT TO EXPOSURE ALLOCATION; 1.4 CREATING AN IMPROVED ALLOCATION STRUCTURE; 1.5 CONSTRUCTING A MULTI-ASSET PORTFOLIO TO MANAGE TAIL RISKS; 1.6 MULTI-ASSET INVESTING IN EMERGING MARKETS; 1.7 FROM MULTI-ASSET STRATEGIES TO MULTI-ASSET SOLUTIONS; 1.8 STRUCTURING A MULTI-ASSET BUSINESS; Chapter 2 The Traditional Allocation Structure.
- 2.1 THE TRADITIONAL INVESTMENT PROCESS2.2 THE ASSET ALLOCATION PROCESS; 2.3 THE BELIEF IN DIVERSIFICATION; 2.4 HARNESSING EQUITY RISK PREMIUM AND THE INVESTMENT HORIZON; 2.5 ASSET CLASSES AS MUTUALLY EXCLUSIVE SILOS; 2.6 ORGANIZATION STRUCTURE AND RESOURCE ALLOCATION; 2.7 IMPLICATIONS FOR SKILL REQUIRED IN ASSET ALLOCATION; 2.8 REQUIREMENTS FOR A REVISED ALLOCATION SOLUTION; 2.9 PARALLEL DEBATES CREATED IN THE SEARCH FOR A REVISED ALLOCATION SOLUTION; Chapter 3 Transitioning from Active Management to Exposure Allocation; 3.1 A HISTORIC RATIONALIZATION OF ALPHA AND BETA.
- 3.2 PROGRESSION OF ACTIVE MANAGEMENT3.3 GENERALIZING THE BETA CONCEPT; 3.4 THE DEMISE OF ASSET CLASS DEMARCATED ALLOCATION; 3.5 IMPLICATIONS FOR THE ACTIVE INVESTMENT PROCESS; 3.6 INVESTMENT STRATEGY CATEGORIZATION; 3.7 POSITIONING OF ALTERNATIVE INVESTMENTS; 3.8 OBSOLESCENCE OF PORTABLE ALPHA; 3.9 POSITIONING OF FUNDAMENTAL INDEXATION AND SMART BETA; 3.10 RISK IN AN EXPOSURE-BASED FRAMEWORK; 3.11 HORIZON-BASED ORGANIZATIONAL DEMARCATION; 3.12 TRANSITION FROM AN ASSET-BASED TO AN EXPOSURE-BASED ORGANIZATION; 3.13 CONCLUSION.
- Chapter 4 Redefining Risk Premium for Multi-Asset Allocation Decisions4.1 INCUMBENT RISK AND RISK PREMIUM FRAMEWORKS; 4.2 FRAMEWORK FOR THE CONCURRENT PRESENCE OF ALL ASSET CLASSES; 4.3 INCORPORATING INTRA-HORIZON RISK; 4.4 RISK AND RETURN PREMIUM FOR ALLOCATION SILOS; 4.5 ASSET CLASS PREMIUMS
- COMPARISON OF TRADITIONAL AND PROPOSED METHODS; 4.6 ASSET CLASS PREMIUMS
- IMPACT OF DIFFERENT INVESTMENT HORIZONS; 4.7 ASSET CLASS RISK
- COMPARISON OF TRADITIONAL AND PROPOSED METHODS; 4.8 ASSET CLASS RISK
- IMPACT OF DIFFERENT INVESTMENT HORIZONS; 4.9 SOVEREIGN RISK AND RISK PREMIUM.
- 4.10 APPLICATION TO VARIOUS MULTI-ASSET INVESTMENT PROBLEM SCENARIOS4.11 CONCLUSION; Chapter 5 A Multi-Strategy Allocation Structure; 5.1 CATEGORIES OF ALLOCATION APPROACHES; 5.2 A MULTI-STRATEGY FRAMEWORK FOR THE ALLOCATION PROBLEM; 5.3 THE BENEFITS OF STRATEGY DIVERSIFICATION; 5.4 INDIVIDUAL ALLOCATION METHODOLOGY REQUIREMENTS; 5.5 EXAMPLE OF A MULTI-STRATEGY ALLOCATION APPROACH; 5.6 CONCLUSION; Chapter 6 A Fundamental Exposure Allocation Approach
- Business Cycles; 6.1 THE PASSIVE ECONOMIC MODEL; 6.2 AN ACTIVE ECONOMIC APPROACH; 6.3 A FIVE CYCLE ASSET ALLOCATION APPROACH.