Research and publications
Life-Cycle Investing In Private Wealth Management
This paper argues that financial innovation is needed to design better target date funds based on stochastic life cycle investing, taking into account the presence of risk factors that impact not o ...
Author(s):
Romain Deguest, Lionel Martellini, Vincent Milhau
Summary:
This paper argues that financial innovation is needed to design better target date funds based on stochastic life cycle investing, taking into account the presence of risk factors that impact not only asset returns, but also private investors’ wealth levels. One key element in private wealth management is the presence of income risk, which has a substantial impact on the optimal asset allocation strategy.
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Register/Log in| Type : | EDHEC Publication |
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| Date : | 02/11/2011 |
| Keywords : |
Private Wealth Management |
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