Global Asset Allocation: New Methods and Applications - Rilegato

Zimmermann, Heinz; Drobetz, Wolfgang; Oertmann, Peter

Rilegato

ISBN 10: 0471264261 ISBN 13: 9780471264262

Casa editrice: John Wiley & Sons Inc, 2002

Riassunto

• Reveals new methodologies for asset pricing within a global asset allocation framework.
• Contains cutting-edge empirical research on global markets and sectors of the global economy.
• Introduces the Black-Litterman model and how it can be used to improve global asset allocation decisions.

Su questo libro

Informazioni sull?autore

HEINZ ZIMMERMANN is a professor of finance at the Universit?t Basel, Switzerland, and heads the department of finance at the Wirtschaftswissenschaftliches Zentrum. He also holds the Chair in international corporate finance at the WHU Koblenz, Germany, as a visiting professor. Zimmermann received his doctorate at the Universit?t Bern, Switzerland, and became a professor at the Universit?t St. Gallen in 1989. He is managing editor of the Journal of Financial Markets and Portfolio Management. He has been awarded with the Latsis Prize (1989), the Award for Financial Innovation (1992), and the Graham and Dodd Award for Excellence in financial writing (1993).

WOLFGANG DROBETZ is an assistant professor of finance at the Universit?t Basel, Switzerland. He is also a lecturer of finance at the Universit?t St. Gallen, Switzerland, and the Otto Beisheim Graduate School of Management (WHU), Germany. Drobetz was head of research at Vescore Solutions, St. Gallen. He holds a doctorate from the Universit?t St. Gallen, a diploma in commerce from the Wirtschaftsuniversit?t Wien, Austria, and an MA in economics from the University of Virginia.

PETER OERTMANN is the managing director and CEO of Vescore Solutions, St. Gallen, Switzerland. He is also a lecturer at the Universit?t St. Gallen, Switzerland, where he earned his doctorate in 1997. Oertmann holds a diploma in quantitative management from the Universit?t Bielefeld, Germany, and a master's in finance from the University of Georgia.

Dalla quarta di copertina

Praise for Global Asset Allocation

"In the critical field of global portfolio optimization, this volume is not only a technical tour de force, but also provides excellent access to state-of-the-art concepts for practitioners. It represents an important resource for those who manage institutional and individual portfolios as it is for those who want the latest applied research in international finance."
-Ingo Walter, Charles Simon Professor of Applied Business Economics
& Sidney Homer Director, New York University Salomon Center Stern School of Business, New York University

"The authors apply modern statistical modeling of time-varying risk and return to the study of global asset allocation. They offer empirical results and methodologies that shed light on the benefits of international diversification."
-Prof. Bruno Solnik, Finance and Economics Department, HEC Paris

"This book presents an amazing variety of empirical findings on stock and bond returns in many national markets. Combining economic intuition and econometric rigor, the academic scholar and the portfolio manager will find a treasure of important insights and get very valuable advice for global asset allocation."
-Prof. Gunter Franke, Universit?t Konstanz, Fachbereich Wirtschaftswissenschaften

Dal risvolto di copertina interno

The increase in international investment activity is a natural consequence of the overall globalization of economies as well as the international financial system. The critical question that many, if not all, financial professionals have about this brave new investment world is: How are portfolio diversification strategies affected by the evolving global investment landscape? In Global Asset Allocation: New Methods and Applications, Heinz Zimmermann, Wolfgang Drobetz, and Peter Oertmann answer this and many other critical questions about a global investment environment that consists of more countries, more sectors, more companies, and more financial instruments with each passing day.

Whether you're a portfolio manager or financial analyst, Global Asset Allocation has the information you need to make the decisions you're responsible for. This book takes a close look at the most sophisticated global asset allocation methods and techniques currently available, and provides you with cutting-edge advances in the methods, practice, and implementation of global asset allocation investment strategies.

Global Asset Allocation thoroughly examines a wide range of asset pricing models, discusses international asset allocation, and explores empirical studies of global asset allocation strategies. It also investigates whether emerging stock markets can be seen as integrated parts of the developed worldwide stock markets, and whether global sector diversification strategies produce risk-return patterns different from asset allocation rules defined in terms of national markets. But that's not all. This comprehensive guide also analyzes the performance of strategies exploiting a specific investment style within a global asset allocation pricing framework-by implementing active style rotation strategies. You'll also be introduced to the Black-Litterman model and learn how it can be used to improve global asset allocation decisions.

Filled with in-depth insights and expert advice, this invaluable resource will allow you to use advanced methods for global asset pricing and portfolio decisions in practical, real-world situations. Investment in global financial markets is growing with great speed. Global Asset Allocation will help you keep up.

Dettagli dell?edizione

• Editore: John Wiley & Sons Inc
• Data di pubblicazione: 2002
• Lingua: Inglese
• ISBN 10: 0471264261
• ISBN 13: 9780471264262
• Rilegatura: Copertina rigida
• Numero edizione: 1
• Numero di pagine: 352
• Contatto del produttore: non disponibile
• Persona responsabile: non disponibile