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Allocating Assets and Constructing Portfolios

Top Recent Content on Portfolio Construction Decisions

A much larger proportion of an investment portfolio's annual return is determined by asset allocation decisions, rather than the selection of individual securities.

Here we present several recent papers on asset allocation and portfolio construction issues for multi-asset investors, including the topics of interest rate sensitivities and the inclusion of strategic allocations to alternative assets such as cryptocurrencies.  

portfolio construction


Sensitivity to Interest Rates: Key drivers (Wellington Management, 2021)

Asset classes react differently to changes in inflation expectations and real yields. Wellington Management examines these effects and the implications for investors' portfolios.

Benchmark Aware or Agnostic? (T. Rowe Price, 2021)

For compliance reasons, this paper is only accessible in certain geographies

T. Rowe Price evaluates the merits of a benchmark-agnostic approach (employing an overlay via options or index futures) versus a more traditional benchmark-aware approach for multi-asset investors.

Inflation-Hedging Assets for the Great Moderation (Janus Henderson, 2021)

For compliance reasons, this paper is only accessible in the United States and Canada

Suny Park, CFA CPA, explores some of the inflation-hedging assets that institutional investors may wish to consider as they prepare for the Great Moderation to end.

Bitcoin’s Place in Multi-Asset Portfolios (Man Group, 2021)

Man Group looks at cryptocurrencies and their viability for multi-asset investors. Given its low correlation, is crypto a good diversifier?

Treasury Inflation-Protected Securities: An introduction (SSGA | SPDR, Nov 2021)

For compliance reasons, this paper is only accessible in the United States and Canada

State Street Global Advisors provides a primer on TIPS (Treasury Inflation-Protected Securities), including details about the mechanics of their inflation adjustments.

Allocating Capital: Does the day of the month matter? (Allocate Smartly, 2021)

The authors discuss the pros and cons of executing trades on the final trading day of the month.

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