TY - JOUR T1 - Investment Beliefs JF - The Journal of Portfolio Management SP - 77 LP - 84 DO - 10.3905/jpm.2007.684756 VL - 33 IS - 3 AU - Alfred Slager AU - Kees Koedijk Y1 - 2007/04/30 UR - https://pm-research.com/content/33/3/77.abstract N2 - Increased transparency and a difficult environment for returns increase the importance of well-thought out investment policies for investors, clients, and trustees; a coherent set of investment beliefs provide the basis for a good investment policy. Investment beliefs improve stakeholder governance by reducing possible conflicts of interest, and affect the innovative adaptability of an organization by setting guidelines for best practice. A survey of published investment beliefs reveals three essential elements for investment beliefs: 1) a clear view of the capital markets (the inefficiencies to exploit, the risk/return relation, the relation between asset pricing and investment horizon); 2) a competent organization (cost-effectiveness, organization-specific values); and 3) a view on societal issues that affect investments (sustainable investments, corporate governance).TOPICS: In wealth management, portfolio theory ER -