Abstract
Strategic asset allocation has not evolved like other areas of finance. In fact, most investors are still relying on models from the 1950s and 1960s. These outdated models are what motivated <b>Farshid M. Asl</b> and <b>Erkko Etula</b> to craft a new framework. This Practical Applications report outlines the novel approach the co-authors reveal in <b><i>Advancing Strategic Asset Allocation in a Multi-Factor World</i></b>, which appeared in the Fall 2012 issue of <b><i>The Journal of Portfolio Management</i></b>. They provide investors with a fresh model for tackling portfolio diversification. Six factors that influence long-term portfolio returns, each of which offers a different risk premium, are indentified. Asl is a Managing Director in the Investment Strategy Group at Goldman Sachs. Etula is a Vice President in the Investment Strategy Group at Goldman Sachs and a former economist at the Federal Reserve Bank of New York.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
