Strategic and Tactical Asset Allocation

✍ Scribed by Henrik Lumholdt

• Publisher: Springer International Publishing;Palgrave Macmillan
• Year: 2018
• Tongue: English
• Leaves: 259
• Edition: 1st ed.
• Category: Library

✦ Synopsis

This book covers each step in the asset allocation process, addressing as many of the relevant questions as possible along the way. How can we formulate expectations about long-term returns? How relevant are valuations? What are the challenges to optimizing the portfolio? Can factor investing add value and, if so, how can it be implemented? Which are the key performance drivers for each asset class, and what determines how they are correlated? How can we apply insights about the business cycle to tactical asset allocation?
The book is aimed at finance professionals and others looking for a coherent framework for decision-making in asset allocation, both at the strategic and tactical level. It stresses analysis rather than pre-conceived ideas about investments, and it draws on both empirical research and practical experience to give the reader as strong a background as possible.

✦ Table of Contents

Front Matter ....Pages i-xx
Front Matter ....Pages 1-1
Introduction to Asset Allocation (Henrik Lumholdt)....Pages 3-19
Performance Evaluation (Henrik Lumholdt)....Pages 21-46
Strategic Versus Tactical Asset Allocation (Henrik Lumholdt)....Pages 47-59
Front Matter ....Pages 61-61
Long-Term Return Expectations (Henrik Lumholdt)....Pages 63-97
Optimizing the Strategic Asset Allocation (Henrik Lumholdt)....Pages 99-114
Factor Investing I (Henrik Lumholdt)....Pages 115-147
Factor Investing II (Henrik Lumholdt)....Pages 149-171
Front Matter ....Pages 173-173
Tactical Macro-Drivers (Henrik Lumholdt)....Pages 175-195
The Four Phases Framework (Henrik Lumholdt)....Pages 197-210
Back Matter ....Pages 211-251

✦ Subjects

Finance; Investments and Securities; Investment Appraisal; Capital Markets; Personal Finance/Wealth Management/Pension Planning