{"product_id":"frontiers-of-modern-asset-allocation-hardback-9781118115060","title":"Frontiers of Modern Asset Allocation (Hardback) 9781118115060","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFrontiers of Modern Asset Allocation\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cfont size=\"4\"\u003ePaul D. Kaplan (Edited by), PD Kaplan (Author), Laurence B. Siegel (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781118115060, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 27 January 2012\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e416 pages\u003cbr\u003e23.6 x 16 x 3.3 cm, 0.63 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cb\u003eInnovative approaches to putting asset allocation into practice\u003c\/b\u003e  \u003cp\u003eBuilding on more than 15 years of asset-allocation research, Paul D. Kaplan, who led the development of the methodologies behind the Morningstar Rating(TM) and the Morningstar Style Box(TM), tackles key challenges investor professionals face when putting asset-allocation theory into practice. This book addresses common issues such as:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eHow should asset classes be defined?\u003c\/li\u003e \u003cli\u003eShould equities be divided into asset classes based on investment style, geography, or other factors?\u003c\/li\u003e \u003cli\u003eShould asset classes be represented by market-cap-weighted indexes or should other principles, such as fundamental weights, be used?\u003c\/li\u003e \u003cli\u003eHow do actively managed funds fit into asset-class mixes?\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eKaplan also interviews industry luminaries who have greatly influenced the evolution of asset allocation, including Harry Markowitz, Roger Ibbotson, and the late Benoit Mandelbrot. Throughout the book, Kaplan explains allocation theory, creates new strategies, and corrects common misconceptions, offering original insights and analysis. He includes three appendices that put theory into action with technical details for new asset-allocation frameworks, including the next generation of portfolio construction tools, which Kaplan dubs \"Markowitz 2.0.\"\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eForeword xi  \u003cp\u003eIntroduction xxiii\u003c\/p\u003e \u003cp\u003eA Note on Expected Return and Geometric Mean xxv\u003c\/p\u003e \u003cp\u003eAcknowledgments xxxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART ONE\u003c\/b\u003e \u003cb\u003eEquities\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 1 Purity of Purpose: How Style-Pure Indexes Provide Useful Insights 7\u003c\/p\u003e \u003cp\u003eCHAPTER 2 Investing in Europe with Style: Why Investors in Europe Would Benefit From Constructing Portfolios Through the Prism of Style 15\u003c\/p\u003e \u003cp\u003eCHAPTER 3 Why Fundamental Indexation Might—or Might Not—Work 21\u003c\/p\u003e \u003cp\u003eCHAPTER 4 The Fundamental Debate: Two Experts Square Off on the Big Issues Surrounding Fundamentally Weighted Indexes 39\u003c\/p\u003e \u003cp\u003eCHAPTER 5 Collared Weighting: A Hybrid Approach to Indexing 51\u003c\/p\u003e \u003cp\u003eCHAPTER 6 Yield to Investors? A Practical Approach to Building Dividend Indexes 63\u003c\/p\u003e \u003cp\u003eCHAPTER 7 Holdings-Based and Returns-Based Style Models 71\u003c\/p\u003e \u003cp\u003eCHAPTER 8 Estimates of Small Stock Betas Are Much Too Low 103\u003c\/p\u003e \u003cp\u003eCHAPTER 9 A Macroeconomic Model of the Equity Risk Premium 117\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART TWO\u003c\/b\u003e \u003cb\u003eFixed Income, Real Estate, and Alternatives\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 10 Good and Bad Monetary Economics, and Why Investors Need to Know the Difference 133\u003c\/p\u003e \u003cp\u003eCHAPTER 11 Inflation, Gilt Yields, and Economic Policy 143\u003c\/p\u003e \u003cp\u003eCHAPTER 12 Reverse Mean-Variance Optimization for Real Estate Asset-Allocation Parameters 147\u003c\/p\u003e \u003cp\u003eCHAPTER 13 The Long and Short of Commodity Indexes 157\u003c\/p\u003e \u003cp\u003eCHAPTER 14 Less Alpha and More Beta Than Meets the Eye 175\u003c\/p\u003e \u003cp\u003eCHAPTER 15 Venture Capital and its Role in Strategic Asset Allocation 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART THREE\u003c\/b\u003e \u003cb\u003eCrashes and Fat Tails\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 16 One-and-a-Quarter Centuries of Stock Market Drawdowns 193\u003c\/p\u003e \u003cp\u003eCHAPTER 17 Stock Market Bubbles and Crashes: A Global Historical and Economic Perspective 199\u003c\/p\u003e \u003cp\u003eCHAPTER 18 De´ ja` Vu All Over Again 211\u003c\/p\u003e \u003cp\u003eCHAPTER 19 De´ ja` Vu Around the World 223\u003c\/p\u003e \u003cp\u003eCHAPTER 20 Getting a Read on Risk: A Discussion with Roger Ibbotson, George Cooper, and Benoˆıt Mandelbrot on the Crisis and Risk Models 239\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART FOUR\u003c\/b\u003e \u003cb\u003eDoing Asset Allocation\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 21 Does Asset-Allocation Policy Explain 40 Percent, 90 Percent, or 100 Percent of Performance? 253\u003c\/p\u003e \u003cp\u003eCHAPTER 22 Asset-Allocation Models Using the Markowitz Approach 267\u003c\/p\u003e \u003cp\u003eCHAPTER 23 Asset Allocation with Annuities for Retirement Income Management 275\u003c\/p\u003e \u003cp\u003eCHAPTER 24 MPT Put Through the Wringer: A Debate Between Steven Fox and Michael Falk 303\u003c\/p\u003e \u003cp\u003eCHAPTER 25 Updating Monte Carlo Simulation for the Twenty-First Century 311\u003c\/p\u003e \u003cp\u003eCHAPTER 26 Markowitz 2.0 325\u003c\/p\u003e \u003cp\u003eCHAPTER 27 What Does Harry Markowitz Think? A Discussion with Harry Markowitz and Sam Savage 351\u003c\/p\u003e \u003cp\u003eAfterword 367\u003c\/p\u003e \u003cp\u003eAbout the Author 375\u003c\/p\u003e \u003cp\u003eIndex 377\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52417752858904,"sku":"9781118115060","price":49.59,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781118115060.jpg?v=1784506658","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/frontiers-of-modern-asset-allocation-hardback-9781118115060","provider":"Freshly Printed Books","version":"1.0","type":"link"}