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Topic 2 – Asset Allocation and Related Decisions in Portfolio Management
Reading 4 – Overview of Asset Allocation
LOS : Describe elements of effective investment governance and investment governance considerations in asset allocation.
LOS : Formulate an economic balance sheet for a client and interpret its implications for asset allocation.
LOS : Compare the investment objectives of asset-only, liability-relative, and goals based asset allocation approaches.
LOS : Contrast concepts of risk relevant to asset-only, liability-relative, and goals based asset allocation approaches.
LOS : Explain how asset classes are used to represent exposures to systematic risk and discuss criteria for asset class specification.
LOS : Explain the use of risk factors in asset allocation and their relation to traditional asset class-based approaches.
LOS : Recommend and justify an asset allocation based on an investor’s objectives and constraints.
LOS : Describe the use of the global market portfolio as a baseline portfolio in asset allocation.
LOS : Discuss strategic implementation choices in asset allocation, including passive/active choices and vehicles for implementing passive and active mandates.
LOS : Discuss strategic considerations in rebalancing asset allocations.