Full coverage of ETF investments from an expert in the field The initial edition of Gary
Gastineau's The Exchange-Traded Fund Manual was one of the first books to describe and …

Combining long-only-constrained factor subportfolios is generally not a mean–variance-
efficient way to capture expected factor returns. For example, a combination of four fully …

The importance of asset allocation policy in stock/bond portfolios is widely recognized.
Drawing a parallel for equity-only portfolios, this study analyzed the importance of allocation …

A new look at the important issue of investment management in the 21st century Written for
professional and private investors-as well as fiduciaries who rely on investment …

With greater economic and financial market integration, it is critical for asset managers to
choose the investment universe that provides superior diversification and performance …

Using a sophisticated sampling technique, randomly constructed stock portfolios were
compared to portfolios using all the underlying population and evaluated using 18 different …

Strategies that entailed country selection based on relative strength (momentum) posted
significant market risk–adjusted returns over the past 30 years, but relative-value strategies …

Purpose–This paper aims to identify traits of Taiwanese investors that deviate from the
typical rationale governing financial decisions, through the analysis of their asset …

Executive Summary● This paper reviews several aspects of the asset allocation debate and
offers observations to reshape or provide a fresh perspective.● The first area of exploration …

Управление инвестициями есть наука, основанная на здравом смысле, хотя
вероятностные законы очень часто противоречат интуитивным представлениям …