Risk-Based Approaches to Asset Allocation

Concepts and Practical Applications

Business & Finance, Economics, Macroeconomics, Finance & Investing, Finance
Cover of the book Risk-Based Approaches to Asset Allocation by Maria Debora Braga, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Maria Debora Braga ISBN: 9783319243825
Publisher: Springer International Publishing Publication: December 10, 2015
Imprint: Springer Language: English
Author: Maria Debora Braga
ISBN: 9783319243825
Publisher: Springer International Publishing
Publication: December 10, 2015
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer International Publishing

Cover of the book Intelligent Interactive Multimedia Systems and Services in Practice by Maria Debora Braga
Cover of the book Advances in Human Factors, Software, and Systems Engineering by Maria Debora Braga
Cover of the book Seismic Hazard and Risk Assessment by Maria Debora Braga
Cover of the book Colonization, Proselytization, and Identity by Maria Debora Braga
Cover of the book Contemporary Treatment of Erectile Dysfunction by Maria Debora Braga
Cover of the book D.H. Lawrence, Music and Modernism by Maria Debora Braga
Cover of the book Introduction to Wind Energy Systems by Maria Debora Braga
Cover of the book Global Mental Health by Maria Debora Braga
Cover of the book Combinatorial Algorithms by Maria Debora Braga
Cover of the book Speech and Computer by Maria Debora Braga
Cover of the book Geographical Information Systems Theory, Applications and Management by Maria Debora Braga
Cover of the book Optical Properties of Bismuth-Based Topological Insulators by Maria Debora Braga
Cover of the book Managing Universities by Maria Debora Braga
Cover of the book Practitioner's Guide to Health Informatics by Maria Debora Braga
Cover of the book Predictive Maintenance in Dynamic Systems by Maria Debora Braga
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy