Asset Management: A Systematic Approach to Factor Investing [Financial Managemen
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Asset Management: A Systematic Approach to Factor Investing [Financial Managemen
US $39.40
ApproximatelyC $54.14
Condition:
Like New
A book that looks new but has been read. Cover has no visible wear, and the dust jacket (if applicable) is included for hard covers. No missing or damaged pages, no creases or tears, and no underlining/highlighting of text or writing in the margins. May be very minimal identifying marks on the inside cover. Very minimal wear and tear. See the seller’s listing for full details and description of any imperfections.
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Item specifics
- Condition
- ISBN
- 9780199959327
About this product
Product Identifiers
Publisher
Oxford University Press, Incorporated
ISBN-10
0199959323
ISBN-13
9780199959327
eBay Product ID (ePID)
201610192
Product Key Features
Number of Pages
736 Pages
Language
English
Publication Name
Asset Management : a Systematic Approach to Factor Investing
Publication Year
2014
Subject
Finance / General, General, Investments & Securities / General
Type
Textbook
Subject Area
Business & Economics
Series
Financial Management Association Survey and Synthesis Ser.
Format
Hardcover
Dimensions
Item Height
1.7 in
Item Weight
42.3 Oz
Item Length
9.3 in
Item Width
6.2 in
Additional Product Features
Intended Audience
Scholarly & Professional
LCCN
2013-042000
Dewey Edition
23
Illustrated
Yes
Dewey Decimal
332.601
Table Of Content
Preface: Asset ManagementPart I: The Asset Owner1. Asset Owners2. Preferences3. Mean-Variance Investing4. Investing for the Long Run5. Investing Over the Life CyclePart II: Factor Risk Premiums6. Factor Theory7. Factors8. Equities9. Bonds10. Alpha (and the Low Risk Anomaly)11. "Real" Assets12. Tax-Efficient Investing13. Illiquid Assets14. Factor InvestingPart III: Delegated Portfolio Management15. Delegated Investing16. Mutual Funds and Other 40-Act Funds17. Hedge Funds18. Private EquityAfterword: Factor ManagementAppendix: ReturnsAcknowledgementsBibliographyIndex
Synopsis
Stocks and bonds? Real estate? Hedge funds? Private equity? The conventional way of allocating across asset classes fails to account for the overlapping risks they represent. Investors must consider the underlying factor risks behind asset class labels, just as eating a healthy diet requires looking through foods to the nutrients they contain. Factor risks are the hard times that affect all assets, and investors are rewarded for weathering losses during bad times with long-run risk premiums., Stocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise.In his new book Asset Management: A Systematic Approach to Factor Investing, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent. Making investments is like eating a healthy diet, Ang says: you've got to look through the foods you eat to focus on the nutrients they contain. Failing to do so can lead to a serious case of malnutrition - for investors as well as diners.The key, in Ang's view, is bad times, and the fact that every investor's bad times are somewhat different. The notion that bad times are paramount is the guiding principle of the book, which offers a new approach to the age-old problem of where do you put your money? Years of experience, both as a finance professor and as a consultant, have led Ang to see that the traditional approach, with its focus on asset classes, is too crude and ultimately too costly to serve investors adequately. He focuses instead on "factor risks," the peculiar sets of hard times that cut across asset classes, and that must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so. Optimally harvesting factor premiums - on our own or by hiring others -r equires identifying your particular set of hard times, and exploiting the difference between them and those of the average investor. Clearly written yet chock-full of the latest research and data, Asset Management will be indispensable reading for trustees, professional money managers, smart private investors, and business students who want to understand the economics behind factor risk premiums, harvest them efficiently in their portfolios, and embark on the search for true alpha., Stocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise. In his new book Asset Management: A Systematic Approach to Factor Investing, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent. Making investments is like eating a healthy diet, Ang says: you've got to look through the foods you eat to focus on the nutrients they contain. Failing to do so can lead to a serious case of malnutrition-for investors as well as diners. The key, in Ang's view, is bad times, and the fact that every investor's bad times are somewhat different. The notion that bad times are paramount is the guiding principle of the book, which offers a new approach to the age-old problem of where do you put your money? Years of experience, both as a finance professor and as a consultant, have led Ang to see that the traditional approach, with its focus on asset classes, is too crude and ultimately too costly to serve investors adequately. He focuses instead on "factor risks," the peculiar sets of hard times that cut across asset classes, and that must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so. Optimally harvesting factor premiums-on our own or by hiring others-requires identifying your particular set of hard times, and exploiting the difference between them and those of the average investor. Clearly written yet chock-full of the latest research and data, Asset Management will be indispensable reading for trustees, professional money managers, smart private investors, and business students who want to understand the economics behind factor risk premiums, harvest them efficiently in their portfolios, and embark on the search for true alpha., In Asset Management: A Systematic Approach to Factor Investing , Professor Andrew Ang presents a comprehensive, new approach to the age-old problem of where to put your money. Years of experience as a finance professor and a consultant have led him to see that what matters aren't asset class labels, but instead the bundles of overlapping risks they represent. Factor risks must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so. Clearly written yet full of the latest research and data, Asset Management is indispensable reading for trustees, professional money managers, smart private investors, and business students who want to understand the economics behind factor risk premiums, to harvest them efficiently in their portfolios, and to embark on the search for true alpha.
LC Classification Number
HG4028.A84A54 2014
Item description from the seller
Seller feedback (310,757)
- c***m (431)- Feedback left by buyer.Past monthVerified purchaseAAA+++; Excellent Service; Great Pricing; Fast Delivery-Faster Than Expected to Hawaii , Received 08/08; Paperback book in Excellent Condition ; TLC Packaging; Excellent Seller Communication, Sends updates . Highly Recommended!, Thank you very much!
- e***- (86)- Feedback left by buyer.Past 6 monthsVerified purchaseFantastic experience all around! The transaction was fast and easy, with smooth communication every step of the way. The item arrived quickly, was securely packaged, and matched the description perfectly. Seller was responsive, helpful, and clearly cares about providing great service. One of the best eBay sellers I’ve had the pleasure of dealing with. 10 out of 10—highly recommended! Would absolutely buy from again without hesitation. Thanks so much!Acadian to Cajun: Transformation of a People, 1803-1877 (#315987897157)
- a***7 (261)- Feedback left by buyer.Past monthVerified purchaseThe Rolie Polie Olie "Big Time Olie" book was packaged in a flat media mailer and was delivered within the specified time. The book is in great condition, just as described, and the seller offered it at a great price. I am pleased with the seller's efforts in making this a smooth transaction, thank you.
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