Multi-asset Portfolio Strategies

Frank J. Fabozzi and Francesco A. Fabozzi

Chapter 19 in Fundamentals of Institutional Asset Management, 2020, pp 555-568 from World Scientific Publishing Co. Pte. Ltd.

Abstract: At one time, a popular strategy for achieving diversification was a balanced fund strategy with the objective of income and capital appreciation. This strategy, offered to investors in the form of a mutual fund, invests in US equities and US bonds. The key in a balanced fund strategy — also referred to as a hybrid fund strategy and an allocation fund strategy — is the allocation among these two asset classes. In this strategy, the fund manager has a target allocation, the “stock/bond mix”. Morningstar classifies balanced funds into five categories according to a fund’s percentage of equities: (1) 15% to 30%, (2) 30% to 50%, (3) 50% to 70%, (4) 70% to 85%, and (5) 85%+…

Keywords: Investment Risks; Investment Vehicles; Portfolio Theory; Asset Pricing Theory; Mean-Variance Analysis; Measuring Return; Measuring Risk; Company Equity Analysis; Equity Valuation Models; Common Stock Alpha Strategies; Common Stock Beta Strategies; Smart Beta Strategies; Factor Investing; Equity Indexing; Equity Derivatives; Bond Analytics; Bond Pricing; Interest Rate Risk; Duration; Interest Rate Derivatives; Credit Derivatives; Multi-Asset Portfolio Strategies; Collective Investment Vehicles; Alternative Assets (search for similar items in EconPapers)
JEL-codes: G1 G11 G3 G30 (search for similar items in EconPapers)
Date: 2020
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