Portfolio Construction for Today's Markets

Portfolio Construction for Today's Markets describes the step-by-step approach to building a portfolio consistent with investor goals and suited to today's market environment. This portfolio construction process is divided into six stages, beginning with setting objectives and moving through assessing risk tolerance, diversification, the importance of factors, generating return assumptions, and combining assets in a risk-controlled manner. This book concludes with a highly useful summary of the five fundamental rules of asset allocation and a five-step checklist to follow when constructing portfolios.