Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/293200 
Authors: 
Year of Publication: 
1991
Citation: 
[Journal:] Kredit und Kapital [ISSN:] 0023-4591 [Volume:] 24 [Issue:] 2 [Year:] 1991 [Pages:] 254-270
Publisher: 
Duncker & Humblot, Berlin
Abstract: 
Asset Allocation Zur (optimalen) Asset Allocation dienen neben dem Originalmodell von Markowitz abgeleitete Indexmodellkonzepte unterschiedlich komplexer Struktur (Abschnitt II.). Umfassende Problemlösungen, insbesondere internationale bzw. globale Asset Allocations, setzen zur Zeit noch eine stufenweise Vorgehensweise und/oder die Bildung von Assetklassen voraus (Abschnitt III.). Da sich aus Indices, als repräsentativen Indikatoren von Marktentwicklungen (Benchmarks), besonders anschauliche Vorstellungen über das Risiko- und Performancepotential von Asset Allocations ableiten lassen, gewinnen (relative) Optimierungen in Bezug auf Benchmarks sowie Indexportefeuilles im modernen Portfoliomanagement zunehmend an Bedeutung (Abschnitt IV.).
Abstract (Translated): 
Asset Allocation Besides the original Markowitz model, derived index-based concepts, different in complexity (Part II), may be employed in the interest of (optimal) asset allocation. Comprehensive problem solutions, especially international and/or global asset allocation, are still requiring a step-by-step approach and/or the formation of asset classes (Part II). Since it is possible to derive from indices as representative indicators of market trends (benchmarks) perceptions that are especially illustrative of the risk and performance potentials involved in asset allocation, (relative) optimization in respect of benchmarks as well as index-based portfolios are increasing in importance in modern portfolio management (Part IV).
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Document Type: 
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