Handbook of Portfolio Construction is popular PDF and ePub book, written by John B. Guerard, Jr. in 2009-12-12, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Handbook of Portfolio Construction can be Read Online from any device for your convenience.
Handbook of Portfolio Construction Book PDF Summary
Portfolio construction is fundamental to the investment management process. In the 1950s, Harry Markowitz demonstrated the benefits of efficient diversification by formulating a mathematical program for generating the "efficient frontier" to summarize optimal trade-offs between expected return and risk. The Markowitz framework continues to be used as a basis for both practical portfolio construction and emerging research in financial economics. Such concepts as the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT), for example, provide the foundation for setting benchmarks, for predicting returns and risk, and for performance measurement. This volume showcases original essays by some of today’s most prominent academics and practitioners in the field on the contemporary application of Markowitz techniques. Covering a wide spectrum of topics, including portfolio selection, data mining tests, and multi-factor risk models, the book presents a comprehensive approach to portfolio construction tools, models, frameworks, and analyses, with both practical and theoretical implications.
Detail Book of Handbook of Portfolio Construction PDF
- Author : John B. Guerard, Jr.
- Release : 12 December 2009
- Publisher : Springer Science & Business Media
- ISBN : 9780387774398
- Genre : Business & Economics
- Total Page : 796 pages
- Language : English
- PDF File Size : 9,8 Mb
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