Wealth management: The relative importance of asset allocation and security selection

2006 ◽  
Vol 7 (1) ◽  
pp. 49-59 ◽  
Author(s):  
Walter Hlawitschka ◽  
Michael Tucker
Keyword(s):  
Asset Allocation ◽  
Relative Importance ◽  
Wealth Management ◽  
Security Selection

The Relative Importance of Asset Allocation and Security Selection

2006 ◽  
Vol 33 (1) ◽  
pp. 46-55 ◽  
Author(s):  
Kodjovi Assoé ◽  
Jean-François L'Her ◽  
Jean-François Plante
Keyword(s):  
Asset Allocation ◽  
Relative Importance ◽  
Security Selection

The Relative Importance of Asset Allocation and Security Selection

CFA Digest ◽  
2007 ◽  
Vol 37 (2) ◽  
pp. 79-80
Author(s):  
Spencer L. Klein
Keyword(s):  
Asset Allocation ◽  
Relative Importance ◽  
Security Selection

Asset Allocation vs. Security Selection: Their Relative Importance

CFA Digest ◽  
2013 ◽  
Vol 43 (2) ◽  
pp. 93-95
Author(s):  
Servaas Houben
Keyword(s):  
Asset Allocation ◽  
Relative Importance ◽  
Security Selection

The Relative Importance of Asset Allocation and Security Selection

2007 ◽  
Vol 33 (4) ◽  
pp. 111-111 ◽  
Author(s):  
Mark Kritzman ◽  
Sébastien Page
Keyword(s):  
Asset Allocation ◽  
Relative Importance ◽  
Security Selection

Value of Security Selection versus Asset Allocation in Credit Markets

1999 ◽  
Vol 25 (4) ◽  
pp. 11-27 ◽  
Author(s):  
Lev Dynkin ◽  
Peter Ferket ◽  
Jay Hyman ◽  
Erik van Leeuwen ◽  
Wei Wu
Keyword(s):  
Asset Allocation ◽  
Credit Markets ◽  
Security Selection

scholarly journals Retirement Saving and Decumulation in a Persistent Low-Return Environment

2018 ◽  
Author(s):  
Jason J. Fichtner ◽  
Jason S. Seligman
Keyword(s):  
Interest Rate ◽  
Social Security ◽  
Interest Rates ◽  
Asset Allocation ◽  
Management Strategies ◽  
Wealth Management ◽  
Retirement Saving ◽  
Rate Environment ◽  
Alternative Responses ◽  
Retirement Study

The current retirement environment presents challenges, not only over the period for which interest rates remain low, but also once interest rates appreciably increase. This chapter addresses two related questions: first, how have households responded to the current low interest rate environment, and second, are there alternative responses or investments which households might do well to consider? We employ the Health and Retirement Study to first investigate impacts of the low interest rate on savings, wealth, and asset allocation. We also report on a subset of households who were relatively successful at building and preserving wealth over this period. Following this, we consider alternative portfolio and wealth management strategies targeting increases in equities and delayed claiming of Social Security in terms of their potential to add value in persistent low return environments.

scholarly journals Benchmark selection and performance

2019 ◽  
Vol 19 (4) ◽  
pp. 511-531 ◽  
Author(s):  
Dirk Broeders ◽  
Leo de Haan
Keyword(s):  
Asset Allocation ◽  
Pension Funds ◽  
Investment Risk ◽  
Cross Sectional ◽  
Security Selection ◽  
Regulatory Data ◽  
Investment Returns ◽  
And Performance ◽  
Style Preferences ◽  
The Impact

AbstractUsing regulatory data free of self-reporting bias for 2007–16, we decompose investment returns of 455 Dutch pension funds according to their key investment decisions, i.e., asset allocation, market timing and security selection. In extension to existing papers, we also assess the impact of benchmark selection. Over time, asset allocation explains 39% of the variation of returns, whereas benchmark selection, timing and selection explain 11%, 9% and 16%, respectively. Across pension funds, asset allocation explains on average only 19% of the variation in pension fund returns. Benchmark selection dominates this by explaining 33% of cross-sectional returns. We relate the choice for a specific benchmark to investment, risk and style preferences.

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