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Goal-Based Investing: Theory and Practice

by Romain Deguest , Lionel Martellini , Vincent Milhau
Save 17% Save 17%
Current price ₹7,584.00
Original price ₹9,101.00
Original price ₹9,101.00
Original price ₹9,101.00
(-17%)
₹7,584.00
Current price ₹7,584.00

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Book cover type: Hardcover
  • ISBN13: 9789811240942
  • Binding: Hardcover
  • Subject: N/A
  • Publisher: World Scientific Publishing Company
  • Publisher Imprint: World Scientific Publishing Company
  • Publication Date:
  • Pages: 324
  • Original Price: USD 78.0
  • Language: English
  • Edition: N/A
  • Item Weight: 604 grams
  • BISAC Subject(s): Finance / Wealth Management

Goal-based investing is a new paradigm that is expected to have a profound and long-lasting impact on the wealth management industry. This book presents the concept in detail and introduces a general operational framework that can be used by financial advisors to help individual investors optimally allocate their wealth by identifying performance-seeking assets and hedging assets. Grounded in the principles of asset pricing and portfolio optimisation, the goal-based investing approach leads to the design of investment solutions that truly respond to investors' problems, which can most often be summarized as follows: secure essential goals with the highest confidence level and maximize the chances to reach aspirational goals.A series of case studies guides the reader through the implementation of goal-based investing, illustrates the efficiency of this paradigm and explains how one can accommodate a variety of implementation features such as taxes, short-sales constraints, parameter estimation risk, as well as limited customisation.

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