EIB WORKING PAPERS 2019/11 - MACRO-BASED ASSET ALLOCATION
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EIB WORKING PAPERS 2019/11 - MACRO-BASED ASSET ALLOCATION

Código de artículo:
E1000700087
Editorial:
EUROPEAN INVESTMENT BANK
Fecha edición:
Materia
Libros para Todos
ISBN:
9789286144905
Formato:
EPUB
Idioma:
Inglés
Tipo de libro:
Ebook
DRM
Si

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.

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