ASSET ALLOCATION: MANAGEMENT STYLE AND PERFORMANCE MEASUREMENT An Asset class factor model can help make order out of chaos
نویسنده
چکیده
Once a procedure for measuring exposures to variations in returns of major asset classes is in place, it is possible to determine how effectively individual fund managers have performed their functions and the extent (if any) to which value has been added through active management. Finally, the effectiveness of the investor's overall asset allocation can be compared with that of one or more benchmark asset mixes.
منابع مشابه
Johann Wolfgang Goethe-universität Frankfurt Am Main
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