Author: Surz, Stevens & Wimer
"In this paper, the authors distinguish between actual asset allocation and long-term, target asset allocation, otherwise known as “policy.” The investment policy, they say, has a greater effect on the portfolio’s return than either the sponsor or manager, or the transaction costs or timing and selection."
Roger G. Ibbotson & Paul D. Kaplan
The Evidence-Based Investor is produced by Regis Media, a specialist provider of content marketing for evidence-based advisers.
Contact Regis Media
Disclaimer: All content is for informational purposes only. We make no representations as to the accuracy, completeness, suitability or validity of any information on this site and will not be liable for any errors or omissions or any damages arising from its display or use. Full disclaimer.
© 2020 The Evidence-Based Investor. All rights reserved.
