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Topic 2 – Asset Allocation and Related Decisions in Portfolio Management
Reading 5 – Principles of Asset Allocation
LOS : Describe and evaluate the use of mean–variance optimization in asset allocation.
LOS : Recommend and justify an asset allocation using mean–variance optimization.
LOS : Interpret and evaluate an asset allocation in relation to an investor’s economic balance sheet.
LOS : Discuss asset class liquidity considerations in asset allocation.
LOS : Explain absolute and relative risk budgets and their use in determining and implementing an asset allocation.
LOS : Describe how client needs and preferences regarding investment risks can be incorporated into asset allocation.
LOS : Discuss the use of Monte Carlo simulation and scenario analysis to evaluate the robustness of an asset allocation.
LOS : Describe the use of investment factors in constructing and analyzing an asset.
LOS : Recommend and justify an asset allocation based on the global market portfolio.
LOS : Describe and evaluate characteristics of liabilities that are relevant to asset allocation.
LOS : Discuss approaches to liability-relative asset allocation.
LOS : Recommend and justify a liability-relative asset allocation.
LOS : Recommend and justify an asset allocation using a goals-based approach.
LOS : Describe and evaluate heuristic and other approaches to asset allocation.
LOS : Discuss factors affecting rebalancing policy.