Asset Allocation and Portfolio Construction Notes
Covers learning objectives:
• Explain what is asset allocation and its importance.
• Describe the key asset classes and their investment characteristics.
• Explain the role of managed funds and derivatives for asset allocation.
• Explain the concept and purpose of investment policy statement (IPS)
• Perform graphic portfolio choice analysis using the efficient frontier when borrowing and lending rates are different.
• Discuss the theory, evidence and implication of time horizon for equity investment risk and asset allocation.
• Explain strategic, tactical, and dynamic asset allocation strategies.
•
Discuss the implication of market efficiencies for market timing and asset allocation.
• Relate diversification, systematic risk and the GFC in the CAPM framework.
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6 Pages
Topic Notes
Year: Pre-2023
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