Portfolio Diversification

Portfolio Diversification
Author: Francois-Serge Lhabitant
Publsiher: Elsevier
Total Pages: 274
Release: 2017-09-26
ISBN 10: 0081017863
ISBN 13: 9780081017869
Language: EN, FR, DE, ES & NL

Portfolio Diversification Book Review:

Portfolio Diversification provides an update on the practice of combining several risky investments in a portfolio with the goal of reducing the portfolio's overall risk. In this book, readers will find a comprehensive introduction and analysis of various dimensions of portfolio diversification (assets, maturities, industries, countries, etc.), along with time diversification strategies (long term vs. short term diversification) and diversification using other risk measures than variance. Several tools to quantify and implement optimal diversification are discussed and illustrated. Focuses on portfolio diversification across all its dimensions Includes recent empirical material that was created and developed specifically for this book Provides several tools to quantify and implement optimal diversification

Beyond Diversification What Every Investor Needs to Know About Asset Allocation

Beyond Diversification  What Every Investor Needs to Know About Asset Allocation
Author: Sebastien Page
Publsiher: McGraw Hill Professional
Total Pages: 256
Release: 2020-11-10
ISBN 10: 1260474887
ISBN 13: 9781260474886
Language: EN, FR, DE, ES & NL

Beyond Diversification What Every Investor Needs to Know About Asset Allocation Book Review:

Generate solid, long-term profits with a portfolio allocated for your investing needs Asset allocation is the key to investing performance. Unfortunately, no single approach works perfectly—developing the right balance requires a clear-eyed look at the many models available to you, various investing methodologies, and your or your client’s level of risk tolerance. And that’s where this important guide comes in. Written by a leading allocation expert from T. Rowe Price, Beyond Diversification provides the knowledge, insights, and approaches you need to make the best allocation decisions for your goals. This deep dive into the how’s and why’s of asset allocation is organized by the three decisive components of a successfully allocated portfolio: Return Forecasting discusses the desired return investors seek. Risk Forecasting covers the level of risk investors are prepared to assume to achieve that return. Portfolio Construction calibrates the stock-bond mix that balances the risks and returns. With examples from T. Rowe Price’s asset allocation team showing you how the process works in the real world, Beyond Diversification provides everything you need to find the asset combination that will deliver the results you seek. You’ll learn how to choose the right tradeoffs, build the most effective asset allocation combination for your needs, and dramatically increase your odds of success for the long run.

Portfolio Selection

Portfolio Selection
Author: Harry Markowitz
Publsiher: Yale University Press
Total Pages: 351
Release: 2008-10-01
ISBN 10: 0300013728
ISBN 13: 9780300013726
Language: EN, FR, DE, ES & NL

Portfolio Selection Book Review:

Embracing finance, economics, operations research, and computers, this book applies modern techniques of analysis and computation to find combinations of securities that best meet the needs of private or institutional investors.

Wiser Investing

Wiser Investing
Author: Benjamin C. Halliburton
Publsiher: Forbesbooks
Total Pages: 184
Release: 2019-02-14
ISBN 10: 9781946633439
ISBN 13: 1946633437
Language: EN, FR, DE, ES & NL

Wiser Investing Book Review:

Diversification Works Many investors share a short-term outlook, narrowing their focus so much that they miss the long game being strategically implemented by the uber-wealthy and institutions. While you've not been doing anything wrong by using just stocks and bonds, what if you could now obtain wiser investment strategies? Don't put all your eggs in one basket when building your portfolio. In Wiser Investing: Diversify Your Portfolio Beyond Stocks and Bonds, Benjamin C. Halliburton will teach you strategies that can help you build and protect your wealth, produce extra income, and help you secure your future. You'll learn that even though investors may be playing a great game with only stocks and bonds, their hand is only utilizing a portion of the available cards in the investment deck. No one wants to be worrying about their investments and wondering if they will have enough capital and income to take care of themselves and their families. This book explores a way to potentially improve your portfolio and become a wiser investor.

In Pursuit of the Perfect Portfolio

In Pursuit of the Perfect Portfolio
Author: Andrew W. Lo,Stephen R. Foerster
Publsiher: Princeton University Press
Total Pages: 416
Release: 2021-08-17
ISBN 10: 0691222681
ISBN 13: 9780691222684
Language: EN, FR, DE, ES & NL

In Pursuit of the Perfect Portfolio Book Review:

How the greatest thinkers in finance changed the field and how their wisdom can help investors today Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors. Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.

Asymmetric Dependence in Finance

Asymmetric Dependence in Finance
Author: Jamie Alcock,Stephen Satchell
Publsiher: John Wiley & Sons
Total Pages: 312
Release: 2018-03-05
ISBN 10: 1119289017
ISBN 13: 9781119289012
Language: EN, FR, DE, ES & NL

Asymmetric Dependence in Finance Book Review:

"Asymmetric Dependence (hereafter, AD) is usually thought of as a cross-sectional phenomenon. Andrew Patton describes AD as "stock returns appear to be more highly correlated during market downturns than during market upturns." (Patton, 2004) Thus at a point in time when the market return is increasing we might expect to find the correlation between any two stocks to be, on average, lower than the correlation between those same two stocks when the market return is negative. However the term can also have a time series interpretation. Thus it may be that the impact of the current US market on the future UK market may be quantitatively different from the impact of the current UK market on the future US market. This is also a notion of AD that occurs through time. Whilst most of this book addresses the former notion of AD, time-series AD is explored in Chapters Four and Seven"--

7Twelve

7Twelve
Author: Craig L. Israelsen
Publsiher: John Wiley & Sons
Total Pages: 204
Release: 2010-07-02
ISBN 10: 9780470649879
ISBN 13: 0470649879
Language: EN, FR, DE, ES & NL

7Twelve Book Review:

A proven way to put together a portfolio that enhances performance and reduces risk Professor Craig Israelsen of Brigham Young University is an important voice in the area of asset allocation. The reason? He keeps things simple. Now, in 7Twelve, he shows you how to do the same, and demonstrates how his approach to investing can help you grow your money as well as protect it. 7Twelve outlines a multi-asset balanced portfolio that is a logical starting point when assembling a portfolio-either as the blueprint for the entire portfolio or as a significant building block. Page by page, he will show you how to create a balanced portfolio utilizing multiple asset classes to enhance performance and reduce risk. Discusses how the 7Twelve portfolio includes seven core asset classes and utilizes twelve specific mutual funds or exchange traded funds Details the tax efficiency of this specific investment approach Shows you how to use the 7Twelve portfolio as a pre-retirement accumulation portfolio or a post-retirement distribution portfolio If you want to build a well-balanced, multi-asset portfolio, 7Twelve is the book for you.

Undiversified

Undiversified
Author: Ellen Carr,Katrina Dudley
Publsiher: Columbia University Press
Total Pages: 135
Release: 2021-08-03
ISBN 10: 0231551533
ISBN 13: 9780231551533
Language: EN, FR, DE, ES & NL

Undiversified Book Review:

Diversification is a core principle of investing. Yet money managers have not applied it to their own ranks. Only around 10 percent of portfolio managers—the people most directly responsible for investing your money—are female, and the numbers are even worse at the ownership level. What are the causes of this underrepresentation, and what are its consequences—including for firms’ and clients’ bottom lines? In Undiversified, experienced practitioners Ellen Carr and Katrina Dudley examine the lack of women in investment management and propose solutions to improve the imbalance. They explore the barriers that subtly but effectively discourage women from entering and staying in the industry at each point in the pipeline. At the entry level, the lack of visible role models discourages students from considering the field, and those who do embark on an investment management career face many obstacles to retention and promotion. Carr and Dudley highlight the importance of informal knowledge about how to navigate career tracks, without which women are left at a disadvantage in an industry that lionizes confidence. They showcase a diverse constellation of successful female portfolio managers to demystify the profession. Drawing on wide-ranging research, interviews with prospective, current, and former industry practitioners, and the authors’ own experiences, Undiversified makes a compelling case that increasing the number of women could help transform active investment management at a time when it is under threat from passive strategies and technological innovation.

Windfall Profit in Portfolio Diversification An Empirical Analysis of the Potential Benefits of Renewable Energy Investments

Windfall Profit in Portfolio Diversification   An Empirical Analysis of the Potential Benefits of Renewable Energy Investments
Author: Frederik Bruns
Publsiher: Diplomica Verlag
Total Pages: 112
Release: 2013
ISBN 10: 384288799X
ISBN 13: 9783842887992
Language: EN, FR, DE, ES & NL

Windfall Profit in Portfolio Diversification An Empirical Analysis of the Potential Benefits of Renewable Energy Investments Book Review:

Modern Portfolio Theory is a theory which was introduced by Markowitz, and which suggests the building of a portfolio with assets that have low or, in the best case, negative correlation. In times of financial crises, however, the positive diversification effect of a portfolio can fail when Traditional Assets are highly correlated. Therefore, many investors search for Alternative Asset classes, such as Renewable Energies, that tend to perform independently from capital market performance. 'Windfall Profit in Portfolio Diversification?' discusses the potential role of Renewable Energy investments in an institutional investor’s portfolio by applying the main concepts from Modern Portfolio Theory. Thereby, the empirical analysis uses a unique data set from one of the largest institutional investors in the field of Renewable Energies, including several wind and solar parks. The study received the Science Award 2012 of the German Alternative Investments Association ('Bundesverband Alternative Investments e.V.').

Portfolio Diversification Leverage and Financial Contagion

Portfolio Diversification  Leverage  and Financial Contagion
Author: Mr.Garry J. Schinasi,T. Todd Smith
Publsiher: International Monetary Fund
Total Pages: 38
Release: 1999-10-01
ISBN 10: 1451855796
ISBN 13: 9781451855791
Language: EN, FR, DE, ES & NL

Portfolio Diversification Leverage and Financial Contagion Book Review:

Models of “contagion” rely on market imperfections to explain why adverse shocks in one asset market might be associated with asset sales in many unrelated markets. This paper demonstrates that contagion can be explained with basic portfolio theory without recourse to market imperfections. It also demonstrates that “Value-at-Risk” portfolio management rules do not have significantly different consequences for portfolio rebalancing and contagion than other rules. The paper’s main conclusion is that portfolio diversification and leverage may be sufficient to explain why investors would find it optimal to sell many higher-risk assets when a shock to one asset occurs.

Financial Globalization Portfolio Diversification and the Pattern of International Trade

Financial Globalization  Portfolio Diversification  and the Pattern of International Trade
Author: Miklós Koren
Publsiher: International Monetary Fund
Total Pages: 47
Release: 2003-12-01
ISBN 10: 1451875614
ISBN 13: 9781451875614
Language: EN, FR, DE, ES & NL

Financial Globalization Portfolio Diversification and the Pattern of International Trade Book Review:

The paper provides a general-equilibrium model where incomplete international financial markets lead to insufficient industrial specialization and low international trade. As international portfolio diversification is limited and productivity is uncertain, investors wish to maintain a diversified industrial structure rather than specializing according to their comparative advantage. Financial globalization then induces more specialization and more trade. The present framework yields explicit closed-form solutions for the volume and the structure of trade. Empirical results support the implications of the theory. Trade in financially open countries is (i) higher, (ii) more dependent on productivity differences, and (iii) less sensitive to industry risks.

Investment Management

Investment Management
Author: Robert L. Hagin
Publsiher: John Wiley & Sons
Total Pages: 336
Release: 2004-02-01
ISBN 10: 0471483818
ISBN 13: 9780471483816
Language: EN, FR, DE, ES & NL

Investment Management Book Review:

A new look at the important issue of investment management in the 21st century Written for professional and private investors-as well as fiduciaries who rely on investment professionals-this book presents the content of an advanced investment-management course in an easy-to-read, question-and-answer format. Robert L. Hagin (Haverford, PA) is a 30-year investment management veteran who recently retired as Executive Director for Morgan Stanley Investment Management.

Portfolio Selection

Portfolio Selection
Author: Harry Max Markowitz
Publsiher: Unknown
Total Pages: 384
Release: 1991
ISBN 10: 1928374650XXX
ISBN 13: OCLC:959414207
Language: EN, FR, DE, ES & NL

Portfolio Selection Book Review:

Energy Trading and Risk Management

Energy Trading and Risk Management
Author: Iris Marie Mack
Publsiher: John Wiley & Sons
Total Pages: 400
Release: 2014-04-07
ISBN 10: 1118339347
ISBN 13: 9781118339343
Language: EN, FR, DE, ES & NL

Energy Trading and Risk Management Book Review:

A comprehensive overviewof trading and risk management in the energy markets Energy Trading and Risk Management provides a comprehensiveoverview of global energy markets from one of the foremostauthorities on energy derivatives and quantitative finance. With anapproachable writing style, Iris Mack breaks down the three primaryapplications for energy derivatives markets – RiskManagement, Speculation, and Investment Portfolio Diversification– in a way that hedge fund traders, consultants, and energymarket participants can apply in their day to day tradingactivities. Moving from the fundamentals ofenergy markets through simple and complex derivatives trading,hedging strategies, and industry-specific case studies, Dr. Mackwalks readers through energy trading and risk management conceptsat an instructive pace, supporting her explanations with real-worldexamples, illustrations, charts, and precise definitions ofimportant and often-misunderstood terms. From stochastic pricing modelsfor exotic derivatives, to modern portfolio theory (MPT), energyportfolio management (EPM), to case studies dealing specificallywith risk management challenges unique to wind and hydro-electricpower, the bookguides readers through the complex world of energytrading and risk management to help investors, executives, andenergy professionals ensure profitability and optimal riskmitigation in every market climate. Energy Trading and RiskManagement is a great resource to help grapple with the veryinteresting but oftentimes complex issues that arise in energytrading and risk management.

Diversification and Portfolio Management of Mutual Funds

Diversification and Portfolio Management of Mutual Funds
Author: G. Gregoriou
Publsiher: Palgrave Macmillan
Total Pages: 419
Release: 2007-01-01
ISBN 10: 9781349285419
ISBN 13: 1349285412
Language: EN, FR, DE, ES & NL

Diversification and Portfolio Management of Mutual Funds Book Review:

This book addresses the importance of diversification for reducing volatility of investment portfolios. It shows how to improve investment efficiency, and explains how international diversification reduces overall risk while enhancing performance. This book is a crucial tool for any investor looking to improve the profit gain from their investment.

I Will Teach You to Be Rich

I Will Teach You to Be Rich
Author: Ramit Sethi
Publsiher: Yellow Kite
Total Pages: 352
Release: 2020-04-28
ISBN 10: 9781529306583
ISBN 13: 1529306582
Language: EN, FR, DE, ES & NL

I Will Teach You to Be Rich Book Review:

If you think financial health is beyond your reach, think again. I Will Teach You To Be Rich is the modern money classic that has revolutionised the lives of countless people all over the world, teaching them how to effectively manage their finances, demolish their debt, save better and get the most out of their bank accounts, credit cards and investments. Now, Ramit Sethi, who has been described by Forbes as a 'wealth wizard' and by Fortune as 'the new finance guru', is back with a completely revised second edition of I Will Teach You To Be Rich, updating it with new tools and insights on money and psychology, along with fantastic stories of how previous readers have used the book to enrich their lives. From crushing your debt and student loans to talking your way out of late fees, to dead simple investment strategies and negotiating that big raise at work, this is the no-guilt, no-excuses, no-BS 6-week programme that will help you get your finances where you want them to be.

Fund of Funds Investing

Fund of Funds Investing
Author: Daniel A. Strachman,Richard S. Bookbinder
Publsiher: John Wiley and Sons
Total Pages: 212
Release: 2009-11-13
ISBN 10: 9780470564400
ISBN 13: 0470564407
Language: EN, FR, DE, ES & NL

Fund of Funds Investing Book Review:

Valuable guidance on fund of funds investing While capital markets have become more complex, investors are still looking to increase portfolio performance without increasing risk. Fund of funds investing is one such avenue to pursue. This practical guide provides you with the tools needed to understand and evaluate your investments in this often opaque area of finance. In Fund of Funds Investing, hedge fund expert Daniel Strachman and fund of funds manager Richard Bookbinder offer valuable insights into this world through an industry overview and review of essential issues including due diligence, risk and portfolio management, and multi-strategy funds. Outlines strategies that will help you invest directly in a wide range of hedge funds Other titles by Strachman: The Fundamentals of Hedge Fund Management, Essential Stock Picking Strategies, The Long and Short of Hedge Funds, Julian Robertson, and Getting Started in Hedge Funds, Second Edition Based on extensive interviews by the authors as well as their experiences in this field Funds of Funds Investing is an important guide to one of the most misunderstood areas of modern finance.

Diversification and Portfolio Management of Mutual Funds

Diversification and Portfolio Management of Mutual Funds
Author: G. Gregoriou
Publsiher: Springer
Total Pages: 419
Release: 2006-11-17
ISBN 10: 0230626505
ISBN 13: 9780230626508
Language: EN, FR, DE, ES & NL

Diversification and Portfolio Management of Mutual Funds Book Review:

This book addresses the importance of diversification for reducing volatility of investment portfolios. It shows how to improve investment efficiency, and explains how international diversification reduces overall risk while enhancing performance. This book is a crucial tool for any investor looking to improve the profit gain from their investment.

Adaptive Asset Allocation

Adaptive Asset Allocation
Author: Adam Butler,Michael Philbrick,Rodrigo Gordillo
Publsiher: John Wiley & Sons
Total Pages: 240
Release: 2016-02-02
ISBN 10: 1119220378
ISBN 13: 9781119220374
Language: EN, FR, DE, ES & NL

Adaptive Asset Allocation Book Review:

Build an agile, responsive portfolio with a new approach to global asset allocation Adaptive Asset Allocation is a no-nonsense how-to guide for dynamic portfolio management. Written by the team behind Gestaltu.com, this book walks you through a uniquely objective and unbiased investment philosophy and provides clear guidelines for execution. From foundational concepts and timing to forecasting and portfolio optimization, this book shares insightful perspective on portfolio adaptation that can improve any investment strategy. Accessible explanations of both classical and contemporary research support the methodologies presented, bolstered by the authors' own capstone case study showing the direct impact of this approach on the individual investor. Financial advisors are competing in an increasingly commoditized environment, with the added burden of two substantial bear markets in the last 15 years. This book presents a framework that addresses the major challenges both advisors and investors face, emphasizing the importance of an agile, globally-diversified portfolio. Drill down to the most important concepts in wealth management Optimize portfolio performance with careful timing of savings and withdrawals Forecast returns 80% more accurately than assuming long-term averages Adopt an investment framework for stability, growth, and maximum income An optimized portfolio must be structured in a way that allows quick response to changes in asset class risks and relationships, and the flexibility to continually adapt to market changes. To execute such an ambitious strategy, it is essential to have a strong grasp of foundational wealth management concepts, a reliable system of forecasting, and a clear understanding of the merits of individual investment methods. Adaptive Asset Allocation provides critical background information alongside a streamlined framework for improving portfolio performance.

Portfolio Design

Portfolio Design
Author: Richard C. Marston
Publsiher: John Wiley & Sons
Total Pages: 368
Release: 2011-03-29
ISBN 10: 047093123X
ISBN 13: 9780470931233
Language: EN, FR, DE, ES & NL

Portfolio Design Book Review:

An in-depth look at the role of asset allocation in today's investment environment In Modern Asset Allocation author Richard Marston shows you how to jump back into the market with the reminder that the key to investing is to do it for the long-run. And in looking at investing for the long-term, what matters most is asset allocation. This reliable resource offers a fresh look at asset allocation, and discusses its importance in today's investment environment. Along the way, it examines how returns on stocks, bonds, international equities, hedge funds, real estate, commodities, and the like all increase and are of added value to a portfolio when they are strategically allocated. Examines all of the major asset classes that go into modern portfolios and asks how much they add to portfolio diversification Addresses the issues financial professionals face when attempting to provide diversified portfolios for their clients Based on sessions that Richard Marston has developed for the CIMA program Asset allocation is still thriving as a method to achieve long-term profitability. This book contains the insights that you need to excel at this endeavor.