Asset Allocation The first step in portfolio management is the asset allocation decision.
{"Image DocumentName": "Asset AllocationThe first step in portfolio management is the asset allocation decision.", "Image ImageDescription": "The asset allocation decision determines what proportions of the portfolio will be invested in different asset classes - stocks, bonds and real assets. Asset allocation can be passive, It can be based upon the mean-variance framework: trading off higher expected return for higher standard deviation. It can be based upon simpler rules of diversification or market value based. When asset allocation is determined by market views, it is active asset allocation.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}