Dynamic asset allocation : modern portfolio theory updated for the smart investor

Format:

Book

Author/Creator:

Picerno, James, Author.

Language:

English

Subjects (All):

Portfolio management.

Asset allocation.

Physical Description:

1 online resource (xi, 274 p.) : ill.

Edition:

1st ed.

Place of Publication:

[Place of publication not identified] Bloomberg Press 2010

Language Note:

English

System Details:

text file

Summary:

Today's modern portfolio theory is not your father's MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today's turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.

Contents:

In the beginning

Inventing portfolio theory

Other betas

Rethinking random walks and efficient markets

The market portfolio is the benchmark

Rebalancing : the natural extension of asset allocation

Tactical asset allocation: the devil and the details

Customizing asset allocation

Equilibrium, economics, and estimates

What have we learned after fifty years?

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references (p. 250-266) and index.

OCLC:

699811941