| 书目名称 | Risk-Based Approaches to Asset Allocation | | 副标题 | Concepts and Practic | | 编辑 | Maria Debora Braga | | 视频video | | | 概述 | Includes supplementary material: | | 丛书名称 | SpringerBriefs in Finance | | 图书封面 |  | | 描述 | .This book focuses on the concepts and applications of risk-based asset allocation. Markowitz’s traditional approach to asset allocation suffers from serious drawbacks when implemented. These mainly arise from the estimation risk associated with the necessary input the most critical being expected returns. With the financial crisis, there has been an increasing interest in asset allocation approaches that don’t need expected returns as input, known as risk-based approaches. The book provides an analysis of the different solutions that fit this description: the equal-weighting approach, the global minimum-variance approach, the most diversified portfolio approach and the risk parity approach. In addition to a theoretical discussion of these, it presents practical applications in different investment environments. Three different evaluation dimensions are considered to put these approaches to the test: financial efficiency, diversification and portfolio stability.. | | 出版日期 | Book 2016 | | 关键词 | Asset Allocation; Minimum-variance Portfolio; Risk Contribution; Risk Parity; Weighted Portfolio | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-319-24382-5 | | isbn_softcover | 978-3-319-24380-1 | | isbn_ebook | 978-3-319-24382-5Series ISSN 2193-1720 Series E-ISSN 2193-1739 | | issn_series | 2193-1720 | | copyright | The Author(s) 2016 |
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发表于 2025-3-21 17:29:45
