EIB Working Papers 2019/11 - Macro-based asset allocation
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...
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| Główni autorzy: | , |
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| Format: | Online |
| Język: | angielski |
| Wydane: |
European Investment Bank
2021
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| Hasła przedmiotowe: | |
| Dostęp online: | OCN: 1238205793 |
| Etykiety: |
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| _version_ | 1869530507247616000 |
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| author | Schmieder, Christian Kollár, Miroslav |
| author_browse | Kollár, Miroslav Schmieder, Christian |
| author_facet | Schmieder, Christian Kollár, Miroslav |
| author_sort | Schmieder, Christian |
| collection | Directory of Open Access Books |
| description | 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. |
| format | Online |
| id | doab-20.500.12854ir-36138 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | European Investment Bank |
| publisherStr | European Investment Bank |
| record_format | ojs |
| spelling | doab-20.500.12854ir-361382025-03-28T03:21:05Z EIB Working Papers 2019/11 - Macro-based asset allocation Schmieder, Christian Kollár, Miroslav European Investment Bank Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry 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. 2021-02-10T14:33:05Z 2021-02-10T14:33:05Z 2020-12-15T13:28:44Z 2020 book OCN: 1238205793 https://library.oapen.org/handle/20.500.12657/43428 9789286144899 https://directory.doabooks.org/handle/20.500.12854/36138 eng open access image/jpeg image/jpeg image/jpeg n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/43428/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/43428/1/external_content.pdf https://library.oapen.org/bitstream/20.500.12657/43428/1/external_content.pdf European Investment Bank European Investment Bank https://doi.org/10.2867/394053 https://doi.org/10.2867/394053 feca012f-a3d8-4aac-95aa-b6cf4bdbed7c Knowledge Unlatched 9789286144899 Knowledge Unlatched (KU) European Investment Bank open access |
| spellingShingle | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry Schmieder, Christian Kollár, Miroslav EIB Working Papers 2019/11 - Macro-based asset allocation |
| title | EIB Working Papers 2019/11 - Macro-based asset allocation |
| title_full | EIB Working Papers 2019/11 - Macro-based asset allocation |
| title_fullStr | EIB Working Papers 2019/11 - Macro-based asset allocation |
| title_full_unstemmed | EIB Working Papers 2019/11 - Macro-based asset allocation |
| title_short | EIB Working Papers 2019/11 - Macro-based asset allocation |
| title_sort | eib working papers 2019 11 macro based asset allocation |
| topic | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry |
| topic_facet | Business & Economics Finance General thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry |
| url | OCN: 1238205793 |
| work_keys_str_mv | AT schmiederchristian eibworkingpapers201911macrobasedassetallocation AT kollarmiroslav eibworkingpapers201911macrobasedassetallocation |