Portfolio Design (eBook)

A Modern Approach to Asset Allocation

Richard C. Marston (Autor)

eBook Download: PDF

2011 | 1. Auflage
368 Seiten
John Wiley & Sons (Verlag)
978-1-118-00703-7 (ISBN)

Infos

Portfolio Design - choosing the right mix of assets
appropriate to a particular investor - is the key to
successful investing. It can help you accumulate wealth over time,
while cushioning the blow of possible economic downturns. But
in order to successfully achieve this goal, you need to be familiar
with all of the major asset classes that go into modern portfolios
and learn how much they add to portfolio
diversification. Thoughtful asset allocation provides
discipline to the investment process and gives you the best chance
of building and safeguarding wealth. Wharton Professor Richard
C. Marston, 2014 recipient of the Investment Management Consultants
Association's prestigious Matthew R. McArthur Award,
will guide you through the major decisions that need to be made
when designing a portfolio and will put you in the best position to
balance the risk-reward relationship that is part of this
endeavor.

Portfolio Design is to be read by investment
advisors. The book is rich in information about individual
asset classes, including both traditional assets like stocks and
bonds as well as alternative assets such as hedge funds, private
equity, real estate, and commodities. So it should appeal to
all sophisticated advisors whether or not they are trying to
qualify for one of the major investment designations. In fact, the
book is designed to be read by any advisor who is as fascinated as
Marston by the investment process.

Autor

RICHARD C. MARSTON is currently James R.F. Guy Professor of Finance and Director, George Weiss Center for International Financial Research at the Wharton School, University of Pennsylvania. He was a recipient of the Rhodes Scholarship, Fulbright Fellowship, and the Sanwa Bank Prize in International Finance. He has been a research associate for the National Bureau of Economic Research since 1979, a visiting professor at London Business School, ESSEC in Paris, and the Sasin Institute at Chulalongkorn University in Bangkok, and Visiting Scholar at the Bank of Japan. Since 1999, he has been Academic Director of the Private Wealth Management Program at Wharton, a week-long program for ultra-high-net-worth investors, and he is a long-standing faculty member in the Certified Investment Management Analyst program at Wharton, having taught asset allocation to over 5000 financial advisors.

Inhalt

Preface.

Acknowledgements.

About the Author.

About the Book.

Disclaimers.

CHAPTER 1 Asset Allocation.

CHAPTER 2 Long-Run Returns on Stocks and Bonds.

CHAPTER 3 Small-Cap Stocks.

CHAPTER 4 Value and Growth Investing.

CHAPTER 5 Foreign Stocks.

CHAPTER 6 Emerging Markets.

CHAPTER 7 Bonds.

CHAPTER 8 Strategic Asset Allocation.

CHAPTER 9 Hedge Funds.

CHAPTER 10 Venture Capital and Private Equity.

CHAPTER 11 Real Assets--Real Estate.

CHAPTER 12 Real Assets--Commodities.

CHAPTER 13 Asset Allocation with Alternative Investments.

CHAPTER 14 Investing and Spending by Foundations.

CHAPTER 15 Investing and Spending in Retirement.

CHAPTER 16 The Discipline of AssetAllocation--Rebalancing.

References.

Index.

Rezensionen

"Wharton professor Richard Marston has captivated investors and
investment professionals for over thirty years, including the 600
ultra-high-net-worth investors who have completed Wharton's
five-day Private Wealth Management program. Never boring, and
always practical, Dick Marston knows both institutional investors
and individual investors well--their concerns and challenges.
Portfolio Design will no doubt become a timeless reference for any
serious investor."

--Charlotte Beyer, founder and CEO, Institute for Private
Investors

"Richard Marston's tremendous insight into building
well-diversified and successful investment portfolios has benefited
a generation of financial advisors and individual and institutional
investors. Marston offers a dynamic and cutting-edge understanding
of the asset allocation process."

--Phil C. Shaffer, CIMA, Managing Director, Graystone
Consulting, Morgan Stanley Smith Barney

"After taking a bruising the past couple of years, many advisors
who only learned the basics of asset allocation have too quickly
dismissed the science of effective portfolio design. Many of these
advisors have turned their back on the essential knowledge, tools,
and skills for a new age of sophisticated investors. For more than
twenty-three years, the best and brightest financial advisors in
the world have learned asset allocation and portfolio design
strategies from Dr. Marston on their path to become Certified
Investment Management AnalystSM (CIMA®) practitioners, the
premier credential for investment consultants. Advisors who are
serious about serving their clients' investment objectives will
consume this book from cover to cover."

--Sean R. Walters, CEO/Executive Director, Investment
Management Consultants Association®, the credentialing body
for CIMA® certification

"Dick has done it again! He has synthesized a vast body of
knowledge into an incisive foundational tome for financial
advisers. He uses the prism of historical returns to make sense of
recent downturns and dispels common myths in various asset classes.
For financial advisers seeking a solid foundation on which to base
their advice, Portfolio Design is a must-read."

--Stephen M. Horan, PhD, CFA, Head, Professional Education
Content and Private Wealth, CFA Institute

Produkt-Details

• Erscheint lt. Verlag: 1.2.2011
• Reihe/Serie: Wiley Finance Editions
• Reihe/Serie: Wiley Finance Editions
• Sprache: englisch
• Themenwelt: Recht / Steuern ► Wirtschaftsrecht
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
• Schlagworte: Finance & Investments • Finanz- u. Anlagewesen • Investments & Securities • Kapitalanlage • Kapitalanlagen u. Wertpapiere
• ISBN-10: 1-118-00703-4 / 1118007034
• ISBN-13: 978-1-118-00703-7 / 9781118007037