Goal-based Investing: Theory And Practice

Romain Deguest author Lionel Martellini author Vincent Milhau author

Format:Hardback

Publisher:World Scientific Publishing Co Pte Ltd

Published:27th Jul '21

Currently unavailable, and unfortunately no date known when it will be back

Goal-based Investing: Theory And Practice cover

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.

ISBN: 9789811240942

Dimensions: unknown

Weight: unknown

324 pages