Libro Goal-Based Investing: Theory and Practice De Deguest, Romain ; Martellini, Lionel ; Milhau, Vin

portada Goal-Based Investing: Theory and Practice

Formato

Libro Físico

Autor

Romain Deguest

Lionel Martellini

Vincent Milhau

Editorial

World Scientific Publishing Company

Idioma

Inglés

N° páginas

324

Encuadernación

Tapa Dura

Dimensiones

22.9 x 15.2 x 1.9 cm

Peso

0.60 kg.

ISBN13

9789811240942

Categorías

Inversiones

Goal-Based Investing: Theory and Practice

Romain Deguest (Autor) · Lionel Martellini (Autor) · Vincent Milhau (Autor) · World Scientific Publishing Company · Tapa Dura

Sin Stock

Reseña del libro "Goal-Based Investing: Theory and Practice"

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.