Portfolio Construction for Today's Markets by Russ Koesterich
For most of the past 50 years the simplest investment solution was often the best. A balanced portfolio of stocks and bonds, combined with a traditional pension, provided most investors with a comfortable retirement. Unfortunately, this approach is no longer likely to work. Retirement is longer, private company pensions are a thing of the past, and world economies look set for years of low growth. Investment advisors need a new plan and a new approach to help their clients organise their investments. Asset allocation is the art of combining different investments to build a portfolio aligned with the investor's objectives and respectful of your limitations. More than picking the right stock or owning a particular bond, the allocation to these assets is the ultimate driver of investment returns. Despite the importance of asset allocation, there is little agreement on how to do it. BlackRock's Russ Koesterich addresses this problem by providing a practical, step-by-step approach to building a portfolio consistent with the investor's investment goals. Starting with setting objectives, he covers all parts of the process, including assessing risk tolerance, defining a set of assets, generating return assumptions and combining the assets in a risk-controlled manner. Portfolio Construction for Today's Markets provides a full and up-to-date overview of the asset allocation process, making it an essential new resource for those who think about and build investment portfolios.
Mr Koesterich is a financial services veteran with 22 years' experience in the industry. Since 2005 he has worked at Barclays Global Investors and BlackRock, the world's largest asset manager, with over $4.5 trillion in assets.Mr Koesterich is currently a Portfolio Manager of the BlackRock Global Allocation Funds. In that capacity Mr Koesterich is responsible for driving asset allocation and risk management for BlackRock's largest investment team, managing approximately $80 billion. Prior to his current role Mr Koesterich served as the Global Chief Investment Strategist for BlackRock as well as the Chief Investment Strategist for the iShares business, the world's largest provider of exchange traded funds (ETFs). Prior to joining BlackRock (then BGI) in 2005, Mr Koesterich was the Chief North American Strategist for State Street Global Markets in Boston.Mr Koesterich is a frequent contributor to the financial news, including CNBC, Bloomberg, and Fox Business television, the Wall Street Journal, Financial Times and Market Watch. He is the author of two previous books. Mr Koesterich holds a BA from Brandeis University, a JD from Boston College Law School and an MBA from Columbia Business School. He is also a Chartered Financial Analyst (CFA).
| SKU | Unavailable |
| ISBN 13 | 9780857196293 |
| ISBN 10 | 0857196294 |
| Title | Portfolio Construction for Today's Markets |
| Author | Russ Koesterich |
| Condition | Unavailable |
| Binding Type | Hardback |
| Publisher | Harriman House Publishing |
| Year published | 2018-04-27 |
| Number of pages | 250 |
| Cover note | Book picture is for illustrative purposes only, actual binding, cover or edition may vary. |
| Note | Unavailable |