Effective Asset Management

Author: William Bernstein
Publisher:
Publish Date: 2004-01-01
Features: With the ever-growing scale of China's securities market, the era of blue-chip investment, represented by fund investment, is gradually approaching and is on the verge of emergence. This series of books covers mainstream varieties in the international fund industry today, including hedge funds, index funds, pension funds, exchange-traded funds, and various asset investment portfolios such as bonds and stocks. As carefully selected outstanding works, this series includes representative pieces. Based on detailed historical data analysis, the book points out the common misconceptions investors often have in their investment decisions, which severely impact their investment performance. In this book, the author introduces the inevitability of the relationship between risk and return starting from asset risk and return, describes the risks and returns of various different securities assets in the development history of Western capital markets over the past few decades, and also provides a detailed introduction from the risk and return of individual assets to the construction of different asset portfolios, as well as how to rebalance based on market price changes. It also covers topics such as hedging operations, international asset portfolios, and foreign exchange risk management, all of which are highly operational and practical in value. The book highlights the common misconceptions investors often have in their investment decisions. Starting from the risk and return of assets, it introduces the inevitability of the relationship between risk and return, describes the risks and returns of various different securities assets in the development history of Western capital markets over the past few decades, and more.