| Description |
xv, 285 pages : illustrations ; 26 cm |
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Introduction -- The secular low expected return challenge -- Major investor types and their responses to this challenge -- Liquid asset class premia -- Illiquidity premia -- Style premia -- Alpha and its cousins -- Theories explaining long-run return sources -- Sustaining conviction and patience on long-run return sources -- Four equations and predictive techniques -- Diversification - its power and its dark sides -- Portfolio construction -- RIsk management -- ESG investing -- Costs and fees -- Tactical timing on medium-term expected returns -- Bad habits and good practices -- Concluding remarks. |
| Summary |
"Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least provides an evidence-based blueprint for successful investing when decades of market tailwinds are turning into headwinds. For a generation, falling yields and soaring asset prices have boosted realized returns. However, this past windfall leaves retirement savers and investors now facing the prospect of record-low future expected returns. Emphasizing this pressing challenge, the book highlights the role that timeless investment practices – discipline, humility, and patience – will play in enabling investment success. It then assesses current investor practices and the body of empirical evidence to illuminate the building blocks for improving long-run returns in today’s environment and beyond. It concludes by reviewing how to put them together through effective portfolio construction, risk management, and cost control practices"-- Amazon. |
| Subject |
Portfolio management.
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Financial risk management.
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Rate of return.
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Saving and investment.
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| ISBN |
9781119860198 (hbk.) |
|
1119860199 |
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