Goal-Based Investing:Theory and Practice

目标投资:理论与实践

货币银行学

原   价:
846.00
售   价:
634.00
发货周期:预计3-5周发货
出  版 社
出版时间
2021年07月15日
装      帧
精装
ISBN
9789811240942
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页      码
324 pp
语      种
英文
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图书简介
Goal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performance-seeking assets and hedging assets. Grounded in the principles of asset pricing and portfolio optimisation, the goal-based investing approach leads to the design of investment solutions that truly respond to investors’ problems, which can most often be summarized as follows: secure essential goals with the highest confidence level and maximize the chances to reach aspirational goals. A series of case studies guides the reader through the implementation of goal-based investing, illustrates the efficiency of this paradigm and explains how one can accommodate a variety of implementation features such as taxes, short-sales constraints, parameter estimation risk, as well as limited customisation.
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