The Evolution of Equity Mandates in InstitutionalPortfolios

Autor:	Mark J. P. Anson
Rok vydání:	2011
Předmět:	Finance Economics and Econometrics Equity risk business.industry Risk parity Institutional investor Equity (finance) Asset allocation General Business Management and Accounting Market liquidity Private equity fund Accounting Economics business Equity capital markets
Zdroj:	The Journal of Portfolio Management. 37:127-137
ISSN:	2168-8656 0095-4918
Popis:	The asset allocation decision is one of the most important determinants of overall fund performance for institutions around the world. Pension funds, endowments, and foundations spend considerable time deciding how to split up the trillions of dollars they collectively control. Inevitably, the largest allocation is to the equity slice of the pie. The reasons are several: higher returns, largest asset class in which to invest, good liquidity, easiest to understand, and the cheapest to transact in. Anson traces the evolution of equity mandates as institutional investors have become more sophisticated in their approach to the equity markets including international investing, global mandates, Fama–French risk factors, and risk parity.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::892dfcce0d7903041b8e6486db492524 https://doi.org/10.3905/jpm.2011.37.4.127 Zobrazit plný text záznamu