The Global Multi-Asset Market Portfolio, 1959–2012

The market portfolio contains important information for purposes of strategic asset allocation. One could consider it a natural benchmark for investors. The authors composed the invested global multi-asset market portfolio for 1990–2012 by estimating the market capitalization for equities, private e...

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Veröffentlicht in:	Financial analysts journal 2014-03, Vol.70 (2), p.26-41
Hauptverfasser:	Doeswijk, Ronald, Lam, Trevin, Swinkels, Laurens
Format:	Artikel
Sprache:	eng
Schlagworte:	Asset allocation Benchmarks Capital assets Capital markets Estimates Financial portfolios Government bonds High yield investments International finance Investment credit Investment grade bonds Investment policy Investors Junk bonds Market portfolios Portfolio Management Private equity Real estate Real estate indices Real estate markets Studies
Online-Zugang:	Volltext
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Zusammenfassung:	The market portfolio contains important information for purposes of strategic asset allocation. One could consider it a natural benchmark for investors. The authors composed the invested global multi-asset market portfolio for 1990–2012 by estimating the market capitalization for equities, private equity, real estate, high-yield bonds, emerging-market debt, investment-grade credits, government bonds, and inflation-linked bonds. They also used an expanded period (1959–2012) for the main asset categories: equities, real estate, nongovernment bonds, and government bonds.
ISSN:	0015-198X 1938-3312
DOI:	10.2469/faj.v70.n2.1