The importance of strategic asset allocation
Article
Santacruz, Lujer. 2013. "The importance of strategic asset allocation." Journal of Business and Economics. 4 (3), pp. 242-247.
Article Title | The importance of strategic asset allocation |
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ERA Journal ID | 200920 |
Article Category | Article |
Authors | |
Author | Santacruz, Lujer |
Journal Title | Journal of Business and Economics |
Journal Citation | 4 (3), pp. 242-247 |
Number of Pages | 6 |
Year | 2013 |
Place of Publication | Bradenton, FL. United States |
ISSN | 2155-7950 |
Web Address (URL) | http://www.academicstar.us |
Abstract | This paper examines the impact of strategic asset allocation on total returns of investment portfolios. It aims to confirm the results of previous studies using US investment data that found strategic asset allocation dominating the other investment decisions namely market timing and security selection. Using data from Australian managed funds, strategic asset allocation is found to account for most of the total returns in terms of magnitude and around 88% of the variability in total portfolio returns. Suggestions are made to expand the scope of the study to be able to generate more conclusive results. |
Keywords | asset allocation; performance attribution; financial planning; Australia |
ANZSRC Field of Research 2020 | 350208. Investment and risk management |
350203. Financial econometrics | |
380107. Financial economics | |
Byline Affiliations | School of Accounting, Economics and Finance |
Institution of Origin | University of Southern Queensland |
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