Adaptive Asset Allocation: A Primer

By Advisor's Edge

Modern portfolio theory isn't perfect, and there are alternative approaches.

 

The authors address flaws in the traditional application of modern portfolio theory related to strategic asset allocation (SAA). Estimates of parameters for portfolio optimization based on long-term observed average values are shown to be inferior to alternative estimates based on observations over much shorter time frames. An Adaptive Asset Allocation portfolio assembly framework is then proposed to coherently integrate portfolio parameters in a way that delivers substantially improved performance relative to SAA over the testing horizon.

 

 

Adaptive Asset Allocation: A Primer

Accreditation Details

Accreditation body
Competency
Credits

FP Canada (previously FPSC)

Financial Planning

2.50

Practice Management Credits

--

Product Knowledge Credits

--

Professional Responsibility Credits

--

Course Type:

Web Link

Passing Grade:

15/20 (75%)

Categories:

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  • IE (Investment Executive)
  • FI (FINANCE ET INVESTMENT)