LEADER 04217nam 22005535 450 001 9910299630903321 005 20200630043035.0 010 $a3-319-90245-8 024 7 $a10.1007/978-3-319-90245-6 035 $a(CKB)4100000005323088 035 $a(DE-He213)978-3-319-90245-6 035 $a(MiAaPQ)EBC5479042 035 $a(EXLCZ)994100000005323088 100 $a20180728d2018 u| 0 101 0 $aeng 135 $aurnn|008mamaa 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAdvances in the Practice of Public Investment Management $ePortfolio Modelling, Performance Attribution and Governance /$fedited by Narayan Bulusu, Joachim Coche, Alejandro Reveiz, Francisco Rivadeneyra, Vahe Sahakyan, Ghislain Yanou 205 $a1st ed. 2018. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018. 215 $a1 online resource (XXVIII, 394 p. 80 illus., 6 illus. in color.) 311 $a3-319-90244-X 327 $aPart I Foreign Reserves Management Strategies: Implementation, Performance and Governance -- 1. Hedging Potential Liabilities of Foreign Reserves Through Asset Allocation -- 2. Setting the Appropriate Mix Between Active and Passive Management in the Investment Tranche of a Foreign Reserves Portfolio -- 3. A New Fixed-Income Fund Performance Attribution Model: An Application to ECB Reserve Management -- 4. Sovereign Wealth Fund Investment Performance, Strategic Asset Allocation, and Funding Withdrawal Rules -- Part II Asset Allocation and Interest Rate & Credit Risk Environment -- 5. A Macro-Based Process for Actively Managing Sovereign Bond Exposures -- 6. Carry on? -- 7. Short-Term Drivers of Sovereign CDS Spreads -- 8. Long-Term Expected Credit Spreads and Excess Returns -- Part III Portfolio Construction -- 9. Regime Identification for Sovereign Bond Portfolio Construction -- 10. Benchmark-Relative and Absolute-Return Are the Same Thing: Conditions Apply -- 11. Factors and Sectors in Asset Allocation: Stronger Together? -- Part IV Asset Classes for Public Investors -- 12. The Impact of Benchmark Investing by Institutional Investors on International Capital Allocations -- 13. Equity Markets Integration and Active Portfolio Management -- 14. Government Bond Clienteles and Yields. 330 $aThis book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management ? including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification. 606 $aInvestment banking 606 $aSecurities 606 $aPersonal finance 606 $aPension plans 606 $aInvestments and Securities$3https://scigraph.springernature.com/ontologies/product-market-codes/626020 606 $aPersonal Finance/Wealth Management/Pension Planning$3https://scigraph.springernature.com/ontologies/product-market-codes/622000 615 0$aInvestment banking. 615 0$aSecurities. 615 0$aPersonal finance. 615 0$aPension plans. 615 14$aInvestments and Securities. 615 24$aPersonal Finance/Wealth Management/Pension Planning. 676 $a346.0652 702 $aBulusu$b Narayan$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aCoche$b Joachim$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aReveiz$b Alejandro$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aRivadeneyra$b Francisco$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aSahakyan$b Vahe$4edt$4http://id.loc.gov/vocabulary/relators/edt 702 $aYanou$b Ghislain$4edt$4http://id.loc.gov/vocabulary/relators/edt 906 $aBOOK 912 $a9910299630903321 996 $aAdvances in the practice of public investment management$91544951 997 $aUNINA