This class was created by Brainscape user Steven Popovic. Visit their profile to learn more about the creator.
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Steven Popovic
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Decks in this class (20)
a explain the function of strategic asset allocation in portfolio management and discuss its role in relation to specifying and controlling the investor’s exposures to systematic risk;
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b compare strategic and tactical asset allocation;
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c discuss the importance of asset allocation for portfolio performance;
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d contrast the asset- only and asset/liability management (ALM) approaches to asset allocation and discuss the investor circumstances in which they are commonly used;
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e explain the advantage of dynamic over static asset allocation and discuss the trade- offs of complexity and cost;
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f explain how loss aversion, mental accounting, and fear of regret may influence asset allocation policy;
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g evaluate return and risk objectives in relation to strategic asset allocation;
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h evaluate whether an asset class or set of asset classes has been appropriately specified;
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i select and justify an appropriate set of asset classes for an investor;
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j evaluate the theoretical and practical effects of including additional asset classes in an asset allocation;
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k demonstrate the application of mean–variance analysis to decide whether to include an additional asset class in an existing portfolio;
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l describe risk, cost, and opportunities associated with nondomestic equities and bonds;
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m explain the importance of conditional return correlations in evaluating the diversification benefits of nondomestic investments;
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n explain expected effects on share prices, expected returns, and return volatility as a segmented market becomes integrated with global markets;
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o explain the major steps involved in establishing an appropriate asset allocation;
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p discuss the strengths and limitations of the following approaches to asset allocation: mean–variance, resampled efficient frontier, Black–Litterman, Monte Carlo simulation, ALM, and experience based;
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q discuss the structure of the minimum- variance frontier with a constraint against short sales;
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r formulate and justify a strategic asset allocation, given an investment policy statement and capital market expectations;
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s compare the considerations that affect asset allocation for individual investors versus institutional investors and critique a proposed asset allocation in light of those considerations;
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t formulate and justify tactical asset allocation (TAA) adjustments to strategic asset class weights, given a TAA strategy and expectational data.
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More about
l3 19 asset allocation
- Class purpose General learning
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