Strategic and Tactical Asset Allocation

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Sprache: Englisch

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Beschreibung

This book covers each step in the asset allocation process, addressing as many of the relevant questions as possible along the way. How can we formulate expectations about long-term returns? How relevant are valuations? What are the challenges to optimizing the portfolio? Can factor investing add value and, if so, how can it be implemented? Which are the key performance drivers for each asset class, and what determines how they are correlated? How can we apply insights about the business cycle to tactical asset allocation?

The book is aimed at finance professionals and others looking for a coherent framework for decision-making in asset allocation, both at the strategic and tactical level. It stresses analysis rather than pre-conceived ideas about investments, and it draws on both empirical research and practical experience to give the reader as strong a background as possible.

Über den Autor

Henrik Lumholdt is a seasoned finance professional with more than 30 years of capital markets experience. He is the founding partner of Inside Economics, a consultancy, which advises international investors and multinational corporations. Henrik was until recently the Chief Investment Strategist for Spain's largest asset management company, BBVA AM. Previous positions include Chief Economist for Bank of America, Spain, Head of Fixed Income Research at FG/Merrill Lynch, and Senior Economist at Nordea Bank. A member of the work group for international economics at Spain's think tank, El Real Instituto Elcano, he spends a considerable part of his professional time focused on international economies and markets. Henrik has been an adjunct professor of finance and economics at IE Business School since 2001 and has won numerous prizes for outstanding teaching

Zusammenfassung

Provides a coherent framework for decision-making

Combines a strategic and tactical approach to asset allocation

Integrates real world experience with solid theoretical underpinning

Based on up-to-date market experience complete with data and the most relevant recent academic contributions to the field

Presents a four-phase framework for using tactical macro-drivers in asset allocation

Inhaltsverzeichnis

Preface.- Part I. FOUNDATIONS.- 1. What is Asset Allocation?.- 2. Performance Evaluation.- 3. Strategic versus Tactical Asset Allocation Part II. STRATEGIC ASSET ALLOCATION.- 4. Long-Term Return Expectations.- 5. Optimizing the SAA.- 6. Factor Investing I.- 7. Factor Investing II.- Part III. TACTICAL ASSET ALLOCATION.- 8. Tactical Macro-Drivers.- 9. The Four Phases Framework.- 10. Appendix.

Details

Erscheinungsjahr:	2018
Fachbereich:	Einzelne Wirtschaftszweige
Genre:	Wirtschaft
Rubrik:	Recht & Wirtschaft
Medium:	Taschenbuch
Seiten:	272
Inhalt:	xx 251 S. 65 s/w Illustr. 251 p. 65 illus.
ISBN-13:	9783030078027
ISBN-10:	3030078027
Sprache:	Englisch
Ausstattung / Beilage:	Paperback
Einband:	Kartoniert / Broschiert
Autor:	Lumholdt, Henrik
Auflage:	Softcover reprint of the original 1st ed. 2018
Hersteller:	Springer International Publishing Springer International Publishing AG
Maße:	235 x 155 x 15 mm
Von/Mit:	Henrik Lumholdt
Erscheinungsdatum:	22.12.2018
Gewicht:	0,417 kg

preigu-id: 116920750