EIB Working Papers 2019/11 - Macro-based asset allocation : : An empirical analysis / / Volume 2019/11 / European Investment Bank, Christian Schmieder, Miroslav Kollár.
Macro-based asset allocation is based on the identification of turning points in macro-financial cycles. This paper suggests that macro-based asset allocation informed by trends in continuous business and financial cycle indicators could be a promising alternative for medium- and long-term investmen...
Saved in:
| Superior document: | EIB Working Papers |
|---|---|
| HerausgeberIn: | |
| VerfasserIn: | |
| TeilnehmendeR: | |
| Place / Publishing House: | Luxembourg : : European Investment Bank,, 2020. |
| Year of Publication: | 2020 |
| Language: | English |
| Series: | EIB Working Papers
|
| Physical Description: | 1 online resource (1 p.) |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | Macro-based asset allocation is based on the identification of turning points in macro-financial cycles. This paper suggests that macro-based asset allocation informed by trends in continuous business and financial cycle indicators could be a promising alternative for medium- and long-term investment strategies. Despite changes during the last three decades, the most promising specifications of this approach did roughly anticipate turning points in asset price cycles, implying favourable returns and low portfolio volatility. |
|---|---|
| ISBN: | 928614489X |
| Hierarchical level: | Monograph |
| Statement of Responsibility: | European Investment Bank, Christian Schmieder, Miroslav Kollár. |