03370nam 22005895 450 991025487280332120200706015040.03-319-24382-910.1007/978-3-319-24382-5(CKB)3710000000526827(EBL)4178563(DE-He213)978-3-319-24382-5(MiAaPQ)EBC4178563(EXLCZ)99371000000052682720151031d2016 u| 0engur|n|---|||||txtrdacontentcrdamediacrrdacarrierRisk-Based Approaches to Asset Allocation Concepts and Practical Applications /by Maria Debora Braga1st ed. 2016.Cham :Springer International Publishing :Imprint: Springer,2016.1 online resource (103 p.)SpringerBriefs in Finance,2193-1720Description based upon print version of record.3-319-24380-2 Includes bibliographical references at the end of each chapters.Introduction -- The Traditional Approach to Asset Allocation.- Risk-Based Approaches to Asset Allocation: The Case for Risk Parity -- The Different Risk-Based Approaches to Asset Allocation -- Application of the Risk-Based Approaches to Asset Allocation -- Appendix.  .This book focuses on the concepts and applications of risk-based asset allocation. Markowitz’s traditional approach to asset allocation suffers from serious drawbacks when implemented. These mainly arise from the estimation risk associated with the necessary input the most critical being expected returns. With the financial crisis, there has been an increasing interest in asset allocation approaches that don’t need expected returns as input, known as risk-based approaches. The book provides an analysis of the different solutions that fit this description: the equal-weighting approach, the global minimum-variance approach, the most diversified portfolio approach and the risk parity approach. In addition to a theoretical discussion of these, it presents practical applications in different investment environments. Three different evaluation dimensions are considered to put these approaches to the test: financial efficiency, diversification and portfolio stability.SpringerBriefs in Finance,2193-1720FinanceMacroeconomicsManagementFinance, generalhttps://scigraph.springernature.com/ontologies/product-market-codes/600000Macroeconomics/Monetary Economics//Financial Economicshttps://scigraph.springernature.com/ontologies/product-market-codes/W32000Managementhttps://scigraph.springernature.com/ontologies/product-market-codes/515000Finance.Macroeconomics.Management.Finance, general.Macroeconomics/Monetary Economics//Financial Economics.Management.332.6Braga Maria Deboraauthttp://id.loc.gov/vocabulary/relators/aut591871MiAaPQMiAaPQMiAaPQBOOK9910254872803321Risk-Based Approaches to Asset Allocation2240007UNINA