Multi-Asset Investing : A practical guide to modern portfolio management

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Multi-Asset Investing : A practical guide to modern portfolio management

Lustig, Yoram

ウェブストア価格 ¥11,827（本体¥10,752）
Harriman House Publishing（2013/01発売）
外貨定価 US$ 60.00
ポイント 107pt

オンデマンド(OD/POD)版です。キャンセルは承れません。

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製本 Paperback:紙装版/ペーパーバック版／ページ数 536 p.
言語 ENG
商品コード 9780857192516
DDC分類 332.6

Full Description

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.

About the Author Acknowledgements Preface Introduction Part 1: Establishing Objectives Introduction 1. Return Objectives 2. Benchmarks 3. Risk Objectives 4. Rational or Irrational Markets 5. The Relationship Between Reward and Risk 6. Investment Constraints Part 2: Setting an Investment Strategy Introduction 7. Strategic Asset Allocation 8. Historical Performance of Asset Classes 9. Combining Asset Classes 10. Diversification 11. Capital Market Assumptions 12. Optimisation Part 3: Implementing a Solution Introduction 13. Tactical Asset Allocation 14. Forecasting 15. Economic Cycle 16. Investment Selection 17. Investment Selection Process 18. Active Versus Passive Investments 19. Investment Vehicles 20. Single-Manager Versus Multi-Manager 21. Single Asset Classes 22. Investment Management Process 23. Portfolio Construction 24. Implementation 25. Derivatives 26. Currency 27. Risk Budgeting 28. Risk Management 29. Investment Strategies Part 4: Reviewing 30. Portfolio Review 31. Performance Attribution Conclusion Bibliography Endnotes Index