assetallocationdecision(资产定价-上海交大,蔡明资料教材.pptVIP

Lec 2The Asset Allocation Decision 曾经到达目标的可能性，是最终到达目标可能性的两倍。 ---见好就收 Chapter 2The Asset Allocation Decision a) describe the steps in the portfolio management process; b) explain the need for a policy statement; c) explain why investment objectives should expressed in terms of risk and return; d) list the factors that may affect an investor’s risk tolerance; e) capital preservation, capital appreciation, current income, and total return; f) describe the investment constraints of liquidity, time horizon, tax concerns, legal and regulatory factors, and unique needs and preferences. Financial Pl