{"product_id":"risk-based-approaches-to-asset-allocation-maria-debora-braga-9783319243801","title":"Risk-Based Approaches to Asset Allocation: Concepts and Practical Applications","description":"\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book focuses on the concepts and applications of risk-based asset allocation. Markowitz's traditional approach to asset allocation suffers from serious drawbacks when implemented. These mainly arise from the estimation risk associated with the necessary input the most critical being expected returns. With the financial crisis, there has been an increasing interest in asset allocation approaches that don't need expected returns as input, known as risk-based approaches. The book provides an analysis of the different solutions that fit this description: the equal-weighting approach, the global minimum-variance approach, the most diversified portfolio approach and the risk parity approach. In addition to a theoretical discussion of these, it presents practical applications in different investment environments. Three different evaluation dimensions are considered to put these approaches to the test: financial efficiency, diversification and portfolio stability.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Maria Debora Braga\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 3319243802\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9783319243801\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Springer\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 11\/09\/2015\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 99\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.36lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.22d","brand":"Maria Debora Braga","offers":[{"title":"Paperback","offer_id":44125953949951,"sku":"9783319243801","price":69.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_027f16c1-5bdc-4c32-a018-c7cca839f39f.jpg?v=1687445490","url":"https:\/\/www.whiterainbookhouse.com\/products\/risk-based-approaches-to-asset-allocation-maria-debora-braga-9783319243801","provider":"WR Book House","version":"1.0","type":"link"}