Narayan Bulusu,
Joachim Coche,
Alejandro Reveiz,
Francisco Rivadeneyra,
Vahe Sahakyan,
Ghislain Yanou
e.a.
Springer International Publishing
e druk, 2018
9783319902449
Advances in the Practice of Public Investment Management
Portfolio Modelling, Performance Attribution and Governance
Specificaties
Gebonden, blz.
|
Engels
Springer International Publishing |
e druk, 2018
ISBN13: 9783319902449
Rubricering
Levertijd ongeveer 8 werkdagen
Samenvatting
This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management – including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification.
Specificaties
ISBN13:9783319902449
Taal:Engels
Bindwijze:gebonden
Uitgever:Springer International Publishing
Inhoudsopgave
<p>Part I Foreign Reserves Management Strategies: Implementation, Performance and Governance.- 1. Hedging Potential Liabilities of Foreign Reserves Through Asset Allocation.- 2. Setting the Appropriate Mix Between Active and Passive Management in the Investment Tranche of a Foreign Reserves Portfolio.- 3. A New Fixed-Income Fund Performance Attribution Model: An Application to ECB Reserve Management.- 4. Sovereign Wealth Fund Investment Performance, Strategic Asset Allocation, and Funding Withdrawal Rules.- Part II Asset Allocation and Interest Rate & Credit Risk Environment.- 5. A Macro-Based Process for Actively Managing Sovereign Bond Exposures.- 6. Carry on?.- 7. Short-Term Drivers of Sovereign CDS Spreads.- 8. Long-Term Expected Credit Spreads and Excess Returns.- Part III Portfolio Construction.- 9. Regime Identification for Sovereign Bond Portfolio Construction.- 10. Benchmark-Relative and Absolute-Return Are the Same Thing: Conditions Apply.- 11. Factors and Sectors in Asset Allocation: Stronger Together?.- Part IV Asset Classes for Public Investors.- 12. The Impact of Benchmark Investing by Institutional Investors on International Capital Allocations.- 13. Equity Markets Integration and Active Portfolio Management.- 14. Government Bond Clienteles and Yields.</p><p></p>