Multi-asset investing : a practical guide to modern portfolio management / Yoram Lustig.

Format:

Book

Author/Creator:

Lustig, Yoram.

Language:

English

Subjects (All):

Portfolio management.

Risk.

Physical Description:

1 online resource (496 p.)

Edition:

1st ed.

Place of Publication:

Hampshire : Harriman House Ltd., 2013.

Language Note:

English

Summary:

Planning, constructing and managing a multi-asset portfolioA 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.

Contents:

""Copyright""; ""Contents""; ""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""; ""Conclusions""; ""Bibliography""; ""ENDNOTES""; ""INDEX""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

0-85719-280-9

OCLC:

902988891