Portfolio Construction for Today's Markets : A practitioner's guide to the essentials of asset allocation / Russ Koesterich.

Format:

Book

Author/Creator:

Koesterich, Russ, author.

Language:

English

Subjects (All):

Portfolio management.

Business.

Physical Description:

1 online resource (184 pages)

Edition:

First edition.

Place of Publication:

Petersfield, England : Harriman House Ltd, [2018]

Summary:

For most of the past 50 years the simplest asset allocation solution was often the best. A balanced portfolio of stocks and bonds provided the investor with good returns. Unfortunately, this approach is not likely to work as well in the future. Interest rates are close to historic lows, equity valuations and bond prices appear stretched, and global economic growth has slowed. Investors need a new asset allocation solution.In Portfolio Construction for Today's Markets, BlackRock Portfolio Manager and investment expert Russ Koesterich addresses this problem by describing the step-by-step approach to building a portfolio consistent with investor goals and suited to today's market environment.This portfolio construction process is divided into six stages, beginning with setting objectives and moving through assessing risk tolerance, diversification, the importance of factors, generating return assumptions, and combining assets in a risk-controlled manner. In the final chapter, Mr Koesterich presents a highly useful summary of the five fundamental rules of asset allocation and a five-step checklist to follow when constructing portfolios.For investors and their advisors constructing portfolio in today's markets, this book is an indispensable new guide.

Contents:

Intro

Contents

About the author

Preface

Introduction

Chapter 1. Money for Nothing: The Challenges of a Low-Rate World

Chapter 2. Investment Therapy: Setting Objectives, Removing Constraints

Chapter 3. The Cost of a Good Night's Sleep: Considering Risk

Chapter 4. Not Dead Yet: Why Diversification Still Matters

Chapter 5. A New Lens: How Factors Drive Performance

Chapter 6. Math and Magic: How to Forecast Returns

Chapter 7. Some Assembly Required: How to Build Portfolios

Conclusion

Index.

Notes:

Description based on print version record.

Includes index.

ISBN:

9780857196309

0857196308