Planning, constructing and managing a multi-asset portfolioA multi-asset investment management approach provides diversification benefits, enhances risk-adjusted returns and enables a portfolio
to be tailored to a wide range of investing objectives, whether these are generating returns or income, or matching liabilities.This book is divided into four parts that follow the four stages
of the multi-asset investment management process:1. Establishing objectives: Defining the return objectives, risk objectives and investment constraints of a portfolio.2. Setting an investment
strategy: Setting a plan to achieve investment objectives by thinking about long-term strategic asset allocation, combining asset classes and optimisation to derive the most efficient asset
allocation.3. Implementing a solution: Turning the investment strategy into a portfolio using short-term tactical asset allocation, investment selection and risk management. This section
includes examples of investment strategies.4. Reviewing: Evaluating the performance of a portfolio by examining results, risk, portfolio positioning and the economic environment.By dividing the
multi-asset investment process into these well-defined stages, Yoram Lustig guides the reader through the various decisions that have to be made and actions that have to be taken. He builds
carefully from defining investment objectives, formulating an investment strategy and the steps of selecting investments, leading to constructing and managing multi-asset portfolios.At each
stage the considerations and strategies to be undertaken are detailed, and the description of the process is supported with relevant financial theory as well as practical, real-life
examples.’Multi-asset Investing’ is an essential handbook for the modern approach to investment portfolio management.
