Strategic asset allocation : portfolio choice for long-term investors /

By:

Campbell, John Y

Contributor(s):

Viceira, Luis M

Material type: Text

TextSeries: Clarendon Lectures in EconomicsPublication details: New York : Oxford University Press, 2002.Description: xii, 257 pISBN:

0198296940
9780198296942

Subject(s):

DDC classification:

332.6 CAM

LOC classification:

HG4529.5 .C35 2002

Online resources:

Summary: This book seeks to develop the intertemporal approach into an empirical paradigm that can compete with the standard mean-variance analysis. The book shows that long-term inflation-indexed bonds are the riskless asset for long-term investors, it explains the conditions under which stocks are safer assets for long-term than for short-term investors, and it shows how labor income influences portfolio choice. These results shed new light on the rules of thumb used by financial planners. The book explains recent advances in both analytical and numerical methods, and shows how they can be used to understand the portfolio choice problems of long-term investors.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Barcode
Monograph & others	CBN BAUCHI BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c.1	Available	31008100567516
Monograph & others	CBN ENUGU BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c. 1	Available	31008100629811
Monograph & others	CBN HQ Library General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c.1	Available	31008100083621
Monograph & others	CBN HQ Library General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c.2	Available	31008100083639
Monograph & others	CBN IBADAN BRANCH LIBRARY General Stacks		332.6 CAM (Browse shelf(Opens below))		Available	31008100730924
Monograph & others	CBN LAGOS LAISON OFFICE LIBRARY General Stacks		332.6 CAM (Browse shelf(Opens below))	c. 1	Available	31008100696000
Monograph & others	CBN LAGOS LEARNING CENTRE LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c.1	Available	31008101247522
Monograph & others	CBN MINNA BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c.1	Available	31008100585252
Monograph & others	CBN OWERRI BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c.1	Available	31008100540489
Monograph & others	CBN PORTHARCOURT BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	C.1	Available	31008100433602
Monograph & others	CBN UYO BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	C1	Available	31008100454095
Monograph & others	CBN UYO BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	C1	Available	31008100454186
Monograph & others	CBN YOLA BRANCH LIBRARY General Stacks	Non-fiction	332.6 CAM (Browse shelf(Opens below))	c.1	Available	31008100489091

Includes bibliographical references (p. [226]-240) and indexes.

This book seeks to develop the intertemporal approach into an empirical paradigm that can compete with the standard mean-variance analysis. The book shows that long-term inflation-indexed bonds are the riskless asset for long-term investors, it explains the conditions under which stocks are safer assets for long-term than for short-term investors, and it shows how labor income influences portfolio choice. These results shed new light on the rules of thumb used by financial planners. The book explains recent advances in both analytical and numerical methods, and shows how they can be used to understand the portfolio choice problems of long-term investors.

rpm 16/09/16

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