Research and publications
Asset Allocation
Two competing approaches are used in practice to build portfolios: bottom-up and topdown. The bottom-up approach is the older and the more traditional, and focuses on individual stock picking. The top-down approach gives more importance to the choice of different markets as opposed to individual security selection, and, as such emphasizes the importance of asset allocation.
Author(s):
Noël Amenc, Lionel Martellini
Summary:
Two competing approaches are used in practice to build portfolios: bottom-up and topdown. The bottom-up approach is the older and the more traditional, and focuses on individual stock picking. The top-down approach gives more importance to the choice of different markets as opposed to individual security selection, and, as such emphasizes the importance of asset allocation.
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Register/Log in| Type : | Working paper |
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| Date : | 20/11/2002 |
| Keywords : |
Asset Allocation |
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Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
