Strategic Asset Allocation Portfolio Choice for Long-Term Investors

Name: Strategic Asset Allocation Portfolio Choice for Long-Term Investors
Price: 40.2 USD
Availability: InStock
ISBN: 9780198296942

ISBN-10: 0198296940

ISBN-13: 9780198296942

Edition: 2002

Authors: John Y. Campbell, Luis M. Viceira

List price: $81.00

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Academic finance has had a remarkable impact on many financial services. Yet long-term investors have received curiously little guidance from academic financial economists. Mean-variance analysis, developed almost fifty years ago, has provided a basic paradigm for portfolio choice. This approach usefully emphasizes the ability of diversification to reduce risk, but it ignores several critically important factors. Most notably, the analysis is static; it assumes that investors care only about risks to wealth one period ahead. However, many investors---both individuals and institutions such as charitable foundations or universities---seek to finance a stream of consumption over a long…

Book details

List price: $81.00
Copyright year: 2002
Publisher: Oxford University Press, Incorporated
Publication date: 2/28/2002
Binding: Hardcover
Pages: 272
Size: 5.75" wide x 8.86" long x 0.79" tall
Weight: 0.946
Language: English



strategic Asset Allocation


Strategic Asset Allocation


Preface


List of Figures


List of Tables


References


Author Index