Chapter2TheAssetAllocationDecision(投资与投资组合管理)详解.pptVIP

Lecture Presentation Software to accompanyInvestment Analysis and Portfolio ManagementSeventh Editionby Frank K. Reilly Keith C. Brown Chapter 2The Asset Allocation Decision Questions to be answered: What is asset allocation? What are the four steps in the portfolio management process? What is the role of asset allocation in investment planning? Why is a policy statement important to the planning process? Chapter 2The Asset Allocation Decision What objectives and constraints should be detailed in a policy statement? How and why do investment goals change over a person’s lifetime and c