Investing Amid Low Expected Returns

Making the Most When Markets Offer the Least

Investing Amid Low Expected Returns
Antti Ilmanen
NZ$ 52.99
Our Price:
NZ$ 45.04
h269 x 181mm - 304pg
31 Mar 2022 US
International import eta 10-30 days
Out Of Stock
Currently no stock in-store, stock is sourced to your order
Elevate your game in the face of challenging market conditions with this eye-opening guide to portfolio managementInvesting Amid Low Expected Returns: Making the Most When Markets Offer the Least provides an evidence-based blueprint for successful investing when decades of market tailwinds are turning into headwinds. For a generation, falling yields and soaring asset prices have boosted realized returns. However, this past windfall leaves retirement savers and investors now facing the prospect of record-low future expected returns. Emphasizing this pressing challenge, the book highlights the role that timeless investment practices - discipline, humility, and patience - will play in enabling investment success. It then assesses current investor practices and the body of empirical evidence to illuminate the building blocks for improving long-run returns in today' s environment and beyond. It concludes by reviewing how to put them together through effective portfolio construction, risk management, and cost control practices. In this book, readers will also find:The common investor responses so far to the low expected return challengeExtensive empirical evidence on the critical ingredients of an effective portfolio: major asset class premia, illiquidity premia, style premia, and alphaDiscussions of the pros and cons of illiquid investments, factor investing, ESG investing, risk mitigation strategies, and market timingCoverage of the whole top-down investment process - throughout the book endorsing humility in tactical forecasting and boldness in diversificationIdeal for institutional and active individual investors, Investing Amid Low Expected Returns is a timeless resource that enables investing with serenity even in harsher financial conditions.
ANTTI ILMANEN, PHD, is Principal and Global Co-head of the Portfolio Solutions Group at AQR Capital Management. He advises institutional investors and develops AQR' s high-level investment ideas. He is the author of Expected Returns and a recipient of the Graham and Dodd award, the Harry M. Markowitz Special Distinction Award, and multiple Bernstein Fabozzi/Jacobs Levy awards.

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