Multi Asset Class Investment Strategy
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| Author | : Guy Fraser-Sampson |
| Publisher | : John Wiley & Sons |
| Total Pages | : 320 |
| Release | : 2006-07-11 |
| Genre | : Business & Economics |
| ISBN | : 0470033894 |
The book explains that instead of asset allocation being set in an isolated and arbitrary fashion, it is in fact the way in which specific hurdle investment returns can be targeted, and that this approach is already in use in the US (and has been for many years). It involves extended and detailed financial analysis of various asset class returns and proposes a five-asset class approach for future use. Opening with a study of the historic asset allocation practice of UK pension funds, the book shows how the current approach has led to the present funding crisis. It goes on to compare and contrast the UK approach with that of the US and to propose a new approach to UK asset allocation: the five asset class approach ("MAC Investing"). The book reviews and analyses different asset classes based on historic returns, examines risk, and concludes with a suggestion of the five asset classes to use; Quoted equities (both Domestic and foreign), hedge funds, private equity and property. This book also includes benchmark performance figures never previously published.
| Author | : Pranay Gupta |
| Publisher | : John Wiley & Sons |
| Total Pages | : 296 |
| Release | : 2016-03-09 |
| Genre | : Business & Economics |
| ISBN | : 1119241596 |
Despite the accepted fact that a substantial part of the risk and return of any portfolio comes from asset allocation, we find today that the majority of investment professionals worldwide are focused on security selection. Multi-Asset Investing: A Practitioner’s Framework questions this basic structure of the investment process and investment industry. Who says we have to separate alpha and beta? Are the traditional definitions for risk and risk premium relevant in a multi-asset class world? Do portfolios cater for the ‘real risks’ in their investment processes? Does the whole Emerging Markets demarcation make sense for investing? Why do active Asian managers perform much poorer compared to developed market managers? Can you distinguish how much of a strategy’s performance comes from skill rather than luck? Does having a performance fee for your manager create alignment or misalignment? Why is the asset management transitioning from multi-asset strategies to multi-asset solutions? These and many other questions are asked, and suggestions provided as potential solutions. Having worked together for fifteen years, the authors’ present implementable solutions which have helped them successfully manage large asset pools. The Academic Perspective “Multi-Asset Investing asks fundamental questions about the asset allocation investment processes in use today, and can have a substantial impact on the future structure of the finance industry. It clarifies and distils the techniques that investment professionals need to master to add value to client portfolios.” —Paul Smith, President & CEO, CFA Institute “Pranay Gupta, Sven Skallsjo, and Bing Li describe the essential concepts and applications of multi-asset investing. Their treatment is far ranging and exceptionally lucid, and always with a nod to practical application. Buy this book and keep it close at hand.” —Mark Kritzman, MIT Sloane School of Management “Innovative solutions to some of the most difficult investment problems we are faced with today. Multi-asset Investing tackles investment issues which don’t have straight forward solutions, but nevertheless are faced by every investment professional. This book sets the standard for investment processes of all asset managers.” —SP Kothari, MIT Sloane School of Management The Asset Owner Perspective “Multi-asset means different things to different people. This is the first text that details a comprehensive framework for managing any kind of multi-asset investment problem. Further, its explanation of the commercial aspects of managing a multi-asset investment business for an asset manager, private bank or asset owner make it an indispensable tool” —Sadayuki Horie, Dy. Chairman - Investment Advisory Comm., Government Pension Investment Fund, Japan “Multi-Asset Investing shows the substantial scope there is to innovate the asset allocation process. With its novel approaches to allocation, portfolio construction and risk management it demonstrates the substantial value that can be added to any portfolio. The solutions proposed by Multi-Asset Investing are creative, thought provoking, and may well be the way all portfolios need to be managed in the future.” —Mario Therrien, Senior Vice President, Caisse de Depot et Placement du Quebec, Canada The Asset Manager’s Perspective “Never has astute asset allocation and diversification been more crucial than today. Asset Managers which are able to innovate their investment processes and products in this area, are more likely to be the winners. Multi-Asset Investing provides both simple and sophisticated, tested and implementable techniques for successfully managing multi-asset portfolios.” —Vincent Camerlynck, former CEO BNP Paribas Investment Partners, Asia Pacific The Investment Strategist Perspective “For plan sponsors, portfolio managers, analysts and risk managers, Multi-Asset Investing is an unparalleled guide for portfolio management. Its approach to blending the quantitative and fundamental, top-down and bottom up and the risk and return frameworks makes it a valuable tool for any kind of investment professional. It clarifies a complex subject into a series of practical ideas to help add value to any portfolio.” —Ajay S. Kapur, Chief Strategist, BOA Merrill Lynch Asia
| Author | : Jacky Tang, PhD |
| Publisher | : Independently Published |
| Total Pages | : 0 |
| Release | : 2023-04 |
| Genre | : |
| ISBN | : |
Investing is an essential tool for achieving financial security and building wealth. However, the world of investing can be complex and overwhelming, especially for beginners. With so many investment options available, it can be challenging to know where to start or how to diversify your portfolio effectively. In recent years, multi-asset investing has gained popularity as a strategy for managing risk and maximizing returns. Multi-asset investing involves investing in a variety of asset classes, such as stocks, bonds, real estate, and commodities, to create a diversified portfolio. This approach allows investors to spread their risk across different types of assets, reducing the impact of market volatility on their portfolio. If you're new to investing, multi-asset investing can be an excellent way to start. However, it's crucial to have a solid understanding of the basics before diving into this strategy. This book, Your First Book in Multi-Asset Investing, is designed to provide you with the knowledge and tools you need to get started with multi-asset investing. In this book, we'll cover the fundamentals of investing, including the different types of assets you can invest in and the risks and benefits associated with each. We'll explore the various investment vehicles available, such as mutual funds, exchange-traded funds (ETFs), and individual stocks, and how to choose the right ones for your portfolio. We'll also delve into the principles of diversification, asset allocation, and risk management, which are essential components of multi-asset investing. You'll learn how to create a diversified portfolio that balances risk and return and how to adjust your portfolio over time to reflect your changing investment goals and risk tolerance. One of the most significant advantages of multi-asset investing is its ability to provide exposure to a wide range of asset classes. We'll take an in-depth look at some of the most popular asset classes, including stocks, bonds, real estate, and commodities, and how to incorporate them into your portfolio. We'll also discuss alternative investments, such as private equity and hedge funds, and their potential benefits and risks. Whether you're a beginner or an experienced investor looking to diversify your portfolio, Your First Book in Multi-Asset Investing is an essential resource for anyone looking to achieve financial security and build long-term wealth. By the end of this book, you'll have the knowledge and tools you need to create a diversified, multi-asset portfolio that aligns with your investment goals and risk tolerance. The purpose of this book is to provide an introduction to multi-asset investing. The book covers a wide range of topics, including the basics of multi-asset investing, the benefits and risks of multi-asset investing, the different types of multi-asset strategies, and the key factors that investors need to consider when managing a multi-asset portfolio. One of the primary objectives of this book is to help readers understand the role that multi-asset investing can play in their overall investment strategy. Multi-asset investing is a powerful tool that can help investors to achieve their investment goals, by providing them with access to a wide range of asset classes and investment strategies. Whether you are an investor, a student, or a finance professional, Your First Book in Multi-Asset Investing is an essential resource that will help you understand the world of multi-asset investing, and to make informed decisions that will help you to achieve your investment goals.
| Author | : Yoram Lustig |
| Publisher | : Harriman House Limited |
| Total Pages | : 405 |
| Release | : 2013-01-07 |
| Genre | : Business & Economics |
| ISBN | : 0857192515 |
Planning, constructing and managing a multi-asset portfolio A multi-asset investment management approach provides diversification benefits, enhances risk-adjusted returns and enables a portfolio to be tailored to a wide range of investing objectives, whether these are generating returns or income, or matching liabilities. This book is divided into four parts that follow the four stages of the multi-asset investment management process: 1. Establishing objectives: Defining the return objectives, risk objectives and investment constraints of a portfolio. 2. Setting an investment strategy: Setting a plan to achieve investment objectives by thinking about long-term strategic asset allocation, combining asset classes and optimisation to derive the most efficient asset allocation. 3. Implementing a solution: Turning the investment strategy into a portfolio using short-term tactical asset allocation, investment selection and risk management. This section includes examples of investment strategies. 4. Reviewing: Evaluating the performance of a portfolio by examining results, risk, portfolio positioning and the economic environment. By dividing the multi-asset investment process into these well-defined stages, Yoram Lustig guides the reader through the various decisions that have to be made and actions that have to be taken. He builds carefully from defining investment objectives, formulating an investment strategy and the steps of selecting investments, leading to constructing and managing multi-asset portfolios. At each stage the considerations and strategies to be undertaken are detailed, and the description of the process is supported with relevant financial theory as well as practical, real-life examples. 'Multi-asset Investing' is an essential handbook for the modern approach to investment portfolio management.
| Author | : Garry B. Crowder |
| Publisher | : John Wiley & Sons |
| Total Pages | : 349 |
| Release | : 2012-11-08 |
| Genre | : Business & Economics |
| ISBN | : 1118483855 |
Debunking outdated and inaccurate beliefs about investment management and reveals the new realities of the post-modern financial markets There have been a lot of big changes in the investment world over the past decade, and many long-cherished beliefs about the structures and performance of various investments no longer apply. Unfortunately the news seems not to have reached many thought leaders and investment professionals who persist in trying, and failing, to apply 20th-century thinking to 21st-century portfolio management. Nowhere is this more true than when it comes to the subject of alternative investments. Written by an all-star team of investment management experts, this book debunks common myths and misconceptions about most classes of alternative investments and offers valuable advice on how to develop investment management and asset allocation strategies consistent with the new realities of the ever-changing world of alternative investments. Covers most alternative asset classes, including private equity, real estate, managed futures, hedge funds, commodity indices, and more Debunks long-held assumptions about the structure and performance of various investment classes that continue to dominate the industry Explores the implications for investment managers of the proliferation of international marketable securities and global financial markets Provides an overview of both the micro and the macro aspects of each alternative investment class
| Author | : Guy Fraser-Sampson |
| Publisher | : John Wiley & Sons |
| Total Pages | : 249 |
| Release | : 2011-12-07 |
| Genre | : Business & Economics |
| ISBN | : 0470980087 |
The investment landscape has changed dramatically over the last few years, destroying many of the old certainties by which investors lived their lives. In particular, it has shaken belief in the ability of traditional asset types such as bonds and equities to protect them from abnormal market conditions, and it has brought home how closely correlation between different markets can be squeezed together by extreme pressure. Future investors will have to regard so-called "alternative" assets as essential elements within their portfolios, and be prepared to deal with the complexities that this will entail. This will in turn force a re-appraisal of core concepts such as "risk" and "return", not least because some alternative asset classes do not lend themselves well to traditional return measures. Exciting times lie ahead, but a thorough working knowledge of the various alternative asset classes will be an essential pre-requisite to success, and perhaps even to survival. Alternative Assets meets investor's need for a guide on where to allocate in this new climate. It provides investors with a primer on each alternative asset class, as well as practical tips on the pros and cons, implementation, returns analysis, fees and costs. It also offers introductory guidance on how to set investment targets, and how alternative assets can be accommodated within the allocation process. Each chapter gives useful background knowledge on a particular asset type, including a discussion of whether a satisfactory beta return level exists and, if so, the different ways in which it might be accessed. Written by best-selling author Guy Fraser-Sampson, this book guides investors through the new look alternative investment arena, providing post-financial crisis perspective and investment advice on the alternatives landscape.
| Author | : Larry Cao |
| Publisher | : |
| Total Pages | : 152 |
| Release | : 2018 |
| Genre | : Asset allocation |
| ISBN | : 9781942713524 |
| Author | : Barbara Weber |
| Publisher | : John Wiley & Sons |
| Total Pages | : 444 |
| Release | : 2016-05-19 |
| Genre | : Business & Economics |
| ISBN | : 1119226554 |
Clear, comprehensive guidance toward the global infrastructure investment market Infrastructure As An Asset Class is the leading infrastructure investment guide, with comprehensive coverage and in-depth expert insight. This new second edition has been fully updated to reflect the current state of the global infrastructure market, its sector and capital requirements, and provides a valuable overview of the knowledge base required to enter the market securely. Step-by-step guidance walks you through individual infrastructure assets, emphasizing project financing structures, risk analysis, instruments to help you understand the mechanics of this complex, but potentially rewarding, market. New chapters explore energy, renewable energy, transmission and sustainability, providing a close analysis of these increasingly lucrative areas. The risk profile of an asset varies depending on stage, sector and country, but the individual structure is most important in determining the risk/return profile. This book provides clear, detailed explanations and invaluable insight from a leading practitioner to give you a solid understanding of the global infrastructure market. Get up to date on the current global infrastructure market Investigate individual infrastructure assets step-by-step Examine illustrative real-world case studies Understand the factors that determine risk/return profiles Infrastructure continues to be an area of global investment growth, both in the developed world and in emerging markets. Conditions continually change, markets shift and new considerations arise; only the most current reference can supply the right information practitioners need to be successful. Infrastructure As An Asset Class provides clear reference based on the current global infrastructure markets, with in-depth analysis and expert guidance toward effective infrastructure investment.
| Author | : Dorianne Perrucci |
| Publisher | : John Wiley & Sons |
| Total Pages | : 379 |
| Release | : 2009-04-01 |
| Genre | : Business & Economics |
| ISBN | : 0470522550 |
An easy-to-understand how-to guide to the single most important thing you can do in investing — choosing and mixing your assets successfully. You don’t need to be an expert analyst, a star stock-picker, or a rocket scientist to have better investment results than most other investors. You just need to allocate your assets in the right way, and have the conviction to stick with that allocation. The big secret behind asset allocation — the secret that most sophisticated investors know and use to their benefit — is that it’s really not all that hard to do. Asset Allocation For Dummies serves as a comprehensive guide to maximizing returns and minimizing risk — while managing taxes, fees and other costs — in putting together a portfolio to reflect your unique financial goals. Jerry A. Miccolis (Basking Ridge, NJ), CFA®, CFP®, FCAS, MAAA is a widely quoted expert commentator who has been interviewed in The New York Times and the Wall Street Journal, and appeared on CBS Radio and ABC-TV. He is a senior financial advisor and co-owner of Brinton Eaton Wealth Advisors (www.brintoneaton.com), a fee-only investment management, tax advisory and financial planning firm in Madison, N.J. Dorianne R. Perrucci (Scotch Plains, NJ) is a freelance writer who has been published in The New York Times, Newsweek, and TheStreet.com, and has collaborated on several financial books, including I.O.U.S.A, One Nation, Under Stress, In Debt (Wiley, 2008).
| Author | : Frank J Fabozzi |
| Publisher | : World Scientific |
| Total Pages | : 616 |
| Release | : 2020-10-12 |
| Genre | : Business & Economics |
| ISBN | : 981122160X |
This book provides the fundamentals of asset management. It takes a practical perspective in describing asset management. Besides the theoretical aspects of investment management, it provides in-depth insights into the actual implementation issues associated with investment strategies. The 19 chapters combine theory and practice based on the experience of the authors in the asset management industry. The book starts off with describing the key activities involved in asset management and the various forms of risk in managing a portfolio. There is then coverage of the different asset classes (common stock, bonds, and alternative assets), collective investment vehicles, financial derivatives, common stock analysis and valuation, bond analytics, equity beta strategies (including smart beta), equity alpha strategies (including quantitative/systematic strategies), bond indexing and active bond portfolio strategies, and multi-asset strategies. The methods of using financial derivatives (equity derivatives, interest rate derivatives, and credit derivatives) in managing the risks of a portfolio are clearly explained and illustrated.
