Allocation beyond the t
Table of Contents
Part I Learning Objectives, Summary Overview, and Problems 1
Chapter I Basics of Portfolio Planning and Construction 3
Learning Outcomes 3
Summary 3
Practice Problems 5
Chapter 2 Security Market Indexes 9
Learning Outcomes 9
Summary 9
Practice Problems 10
Chapter 3 Capital Market Expectations, Part 1: Framework and Macro Considerations 17
Learning Outcomes 17
Summary 18
Practice Problems 21
Chapter 4 Capital Market Expectations, Part 2: Forecasting Asset Class Returns 27
Learning Outcomes 27
Summary 28
Practice Problems 30
Chapter 5 Overview of Asset Allocation 39
Learning Outcomes 39
Summary 40
Practice Problems 41
Chapter 6 Principles of Asset Allocation 45
Learning Outcomes 45
Summary 46
Practice Problems 47
Chapter 7 Asset Allocation with Real-World Constraints 57
Learning Outcomes 57
Summary 57
Practice Problems 59
Chapter 8 Asset Allocation to Alternative Investments 69
Learning Outcomes 69
Summary 69
Practice Problems 72
Chapter 9 Exchange-Traded Funds: Mechanics and Applications 81
Learning Outcomes 81
Summary 81
Practice Problems 83
Chapter 10 Case Study in Portfolio Management: Institutional 89
Learning Outcomes 89
Summary 89
Practice Problems 90
Part II Solutions 95
Chapter 1 Basics of Portfolio Planning and Construction 97
Solutions 97
Chapter 2 Security Market Indexes 101
Solutions 101
Chapter 3 Capital Market Expectations, Part I: Framework and Macro Considerations 105
Solutions 105
Chapter 4 Capital Market Expectations, Part II: Forecasting Asset Class Returns 111
Solutions 111
Chapter 5 Overview of Asset Allocation 119
Solutions 119
Chapter 6 Principles of Asset Allocation 121
Solutions 121
Chapter 7 Asset Allocation with Real-World Constraints 129
Solutions 129
Chapter 8 Asset Allocation to Alternative Investments 135
Solutions 135
Chapter 9 Exchange-Traded Funds: Mechanics and Applications 145
Solutions 145
Chapter 10 Case Study in Portfolio Management: Institutional 151
Solutions 151
About the CFA Program 157
