LEADER 00922cam0 22002893 450 001 SOB001906 005 20210629102520.0 010 $a8813221649 100 $a20000728d2000 |||||ita|0103 ba 101 $aita 102 $aIT 200 1 $aCodice dell'ambiente$f[a cura di] R. Ferrara$gR. Lombardi 205 $a2. ed 210 $aPadova$cCEDAM$d2000 215 $aXX, 446 p.$d21 cm 702 1$aFerrara, Rosario <1948->$3AF00003321$4070 702 1$aLombardi, Roberta <1964->$3AF00015743$4070 710 02$a*Italia$3AF00024563$4070$0423419 801 0$aIT$bUNISOB$c20210629$gRICA 850 $aUNISOB 852 $aUNISOB$j340|Ita|Cod$m102697 912 $aSOB001906 940 $aM 102 Monografia moderna SBN 941 $aM 957 $a340|Ita|Cod$b000056$gCON$d102697$racquisto$1carrano$2UNISOB$3UNISOB$420111018083119.0$520210629102520.0$6menle 996 $aCodice dell'ambiente$9145309 997 $aUNISOB LEADER 05307nam 2200649Ia 450 001 9910139567503321 005 20210621171305.0 010 $a1-118-46719-1 010 $a1-283-40539-3 010 $a9786613405395 010 $a1-119-99174-9 035 $a(CKB)2550000000059577 035 $a(EBL)700459 035 $a(OCoLC)756501425 035 $a(SSID)ssj0000643717 035 $a(PQKBManifestationID)11408313 035 $a(PQKBTitleCode)TC0000643717 035 $a(PQKBWorkID)10667876 035 $a(PQKB)11053616 035 $a(MiAaPQ)EBC700459 035 $a(EXLCZ)992550000000059577 100 $a20101015d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aExpected returns$b[electronic resource] $ean investor's guide to harvesting market rewards /$fAntti Ilmanen 210 $aChichester, UK $cWiley$dc2011 215 $a1 online resource (594 p.) 225 1 $a[Wiley finance] 300 $aDescription based upon print version of record. 311 $a1-119-99072-6 320 $aIncludes bibliographical references and index. 327 $aExpected Returns; Contents; Foreword by Clifford Asness; Acknowledgments; Abbreviations and acronyms; PART I OVERVIEW, HISTORICAL RETURNS, AND ACADEMIC THEORIES; 1 Introduction; 1.1 Historical performance; 1.2 Financial and behavioral theories: A brief history of ideas; 1.3 Forward-looking indicators; 1.4 View-based expected returns; 1.5 General comments about the book; 1.6 Notes; 2 Whetting the appetite: Historical averages and forward-looking returns; 2.1 Historical performance since 1990; 2.2 Sample-specific results: Dealing with the pitfalls; 2.3 Forward-looking return indicators 327 $a2.4 Notes3 The historical record: The past 20 years in a longer perspective; 3.1 Stocks; 3.2 Bonds; 3.3 Real asset investing and active investing; 3.4 FX and money markets; 3.5 Real return histories; 3.6 Notes; 4 Road map to terminology; 4.1 Constant or time-varying expected returns?; 4.2 Rational or irrational expectations formation?; 4.3 Return measurement issues; 4.4 Returns in what currency?; 4.5 Risk-adjusted returns; 4.6 Biased returns; 4.7 Notes; 5 Rational theories on expected return determination; 5.1 The old world; 5.2 The new world 327 $a5.3 Detour: a brief survey of the efficient markets hypothesis5.4 Notes; 6 Behavioral finance; 6.1 Limits to arbitrage; 6.2 Psychology; 6.3 Applications; 6.4 Conclusion; 6.5 Notes; 7 Alternative interpretations for return predictability; 7.1 Risk premia or market inefficiency; 7.2 Data mining and other ''mirage'' explanations; 7.3 Notes; PART II A DOZEN CASE STUDIES; 8 Equity risk premium; 8.1 Introduction and terminology; 8.2 Theories and the equity premium puzzle; 8.3 Historical equity premium; 8.4 Forward-looking (ex ante objective) long-term expected return measures 327 $a8.5 Survey-based subjective expectations8.6 Tactical forecasting for market timing; 8.7 Notes; 9 Bond risk premium; 9.1 Introduction, terminology, and theories; 9.2 Historical average returns; 9.3 Alternative ex ante measures of the BRP; 9.4 Yield curve steepness: important predictive relations; 9.5 Explaining BRP behavior: first targets, then four drivers; 9.6 Tactical forecasting-duration timing; 9.7 Notes; 10 Credit risk premium; 10.1 Introduction, terminology, and theory; 10.2 Historical average excess returns; 10.3 Focus on front-end trading-a pocket of attractive reward to risk 327 $a10.4 Understanding credit spreads and their drivers10.5 Tactical forecasting of corporate bond outperformance; 10.6 Assessing other non-government debt; 10.7 Concluding remarks; 10.8 Notes; 11 Alternative asset premia; 11.1 Introduction to alternatives; 11.2 Real estate; 11.3 Commodities; 11.4 Hedge funds; 11.5 Private equity funds; 11.6 Notes; 12 Value-oriented equity selection; 12.1 Introduction to dynamic strategies; 12.2 Equity value: introduction and historical performance; 12.3 Tweaks including style timing; 12.4 The reasons value works 327 $a12.5 Does the value strategy work in equities beyond individual stocks election or in market or sector selection in other asset classes? 330 $aExpected Returns is a one-stop reference that gives investors a comprehensive toolkit for harvesting market rewards from a wide range of investments. Written by an experienced portfolio manager, scholar, strategist, investment advisor and hedge fund trader, this book challenges investors to broaden their minds from a too-narrow asset class perspective and excessive focus on historical performance. Coverage includes major asset classes (stocks, bonds, alternatives), investment strategies (value, carry, momentum, volatility) and the effects of underlying risk factors (growth, inflation, i 410 0$aWiley finance series. 606 $aInvestments 606 $aRate of return 608 $aElectronic books. 615 0$aInvestments. 615 0$aRate of return. 676 $a332.6 676 $a332.678 700 $aIlmanen$b Antti$f1961-$0857806 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910139567503321 996 $aExpected returns$91915377 997 $aUNINA