Goal-based Investing

Deguest, Romain; Martellini, Lionel; Milhau, Vincent

Theory and Practice

Type de document :

Autre communication scientifique (congrès sans actes - poster - séminaire...)

DOI :

10.1142/12386

Titre :

Goal-based Investing
Theory and Practice

Auteur(s) :

Deguest, Romain [Auteur]
Lille économie management - UMR 9221 [LEM]
Martellini, Lionel [Auteur]
EDHEC Business School [EDHEC]
Milhau, Vincent [Auteur]
EDHEC Business School [EDHEC]

Éditeur :

World Scientific

Date de publication :

2021-07-28

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [en]

Goal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework ...
Lire la suite >Goal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performance-seeking assets and hedging assets. Grounded in the principles of asset pricing and portfolio optimisation, the goal-based investing approach leads to the design of investment solutions that truly respond to investors' problems, which can most often be summarized as follows: secure essential goals with the highest confidence level and maximize the chances to reach aspirational goals.A series of case studies guides the reader through the implementation of goal-based investing, illustrates the efficiency of this paradigm and explains how one can accommodate a variety of implementation features such as taxes, short-sales constraints, parameter estimation risk, as well as limited customisation.Lire moins >

Langue :

Anglais

Audience :

Internationale

Vulgarisation :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL