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010   $a92-861-4489-X
024 8 $ahttps://doi.org/10.2867/394053
035   $a(CKB)5490000000052478
035   $a(ScCtBLL)e143c48b-7df8-4732-b050-a12f2aef9f34
035   $a(oapen)https://directory.doabooks.org/handle/20.500.12854/36138
035   $a(EXLCZ)995490000000052478
100   $a20211214i20202020  uu 
101 0 $aeng
135   $auru||||||||||
181   $ctxt$2rdacontent
182   $cc$2rdamedia
183   $acr$2rdacarrier
200 00$aEIB Working Papers 2019/11 - Macro-based asset allocation : $eAn empirical analysis /$fEuropean Investment Bank, Christian Schmieder, Miroslav Kolla?r$hVolume 2019/11
210   $d2020
210  1$aLuxembourg :$cEuropean Investment Bank,$d2020.
215   $a1 online resource (1 p.)
225 1 $aEIB Working Papers
330   $aMacro-based asset allocation is based on the identification of turning points in macro-financial cycles. This paper suggests that macro-based asset allocation informed by trends in continuous business and financial cycle indicators could be a promising alternative for medium- and long-term investment strategies. Despite changes during the last three decades, the most promising specifications of this approach did roughly anticipate turning points in asset price cycles, implying favourable returns and low portfolio volatility.
410   $aEIB Working Papers
606   $aBusiness & Economics / Finance$2bisacsh
606   $aEconomics
610   $aBusiness & Economics
610   $aFinance
610   $aGeneral
615  7$aBusiness & Economics / Finance
615  0$aEconomics
700   $aSchmieder$b Christian$01070721
702   $aKolla?r$b Miroslav
712 02$aEuropean Investment Bank
801  0$bScCtBLL
801  1$bScCtBLL
906   $aBOOK
912   $a9910476878703321
996   $aEIB Working Papers 2019$92564853
997   $aUNINA