Risk-Based Approaches to Asset Allocation - Concepts and Practical Applications (Paperback, 1st ed. 2016)

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.

General

Imprint:	Springer International Publishing AG
Country of origin:	Switzerland
Series:	SpringerBriefs in Finance
Release date:	November 2015
First published:	2016
Authors:	Maria Debora Braga
Dimensions:	235 x 155 x 6mm (L x W x T)
Format:	Paperback
Pages:	99
Edition:	1st ed. 2016
ISBN-13:	978-3-319-24380-1
Categories:	Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Finance & accounting > Finance > General Books > Business & Economics > Business & management > Management of specific areas > Budgeting & financial management Books > Money & Finance > General
LSN:	3-319-24380-2
Barcode:	9783319243801

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