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You can achieve consistently higher returns from your investments. This book shows you the way effective asset allocation can accomplish that goal.

It’s not enough to rely on some investment manager’s one-size-fits-all software to allocate your precious capital: you need to understand the process and take control. In Understanding Asset Allocation, economist, investment expert, and hedge-fund manager Dr. Victor Canto shows you exactly how to do that.

Canto introduces a flexible, easy-to-use approach to asset allocation that leverages powerful business cycle information and investment vehicles most investors ignore. You’ll discover the right times to choose passive versus active investments, value versus growth stocks, and large caps versus small caps.

He reveals what you can (and can’t) learn from historical data, how to find and focus on sectors that offer exceptional opportunity, and how to more effectively manage risk. Whether you manage your own investments or rely on an advisor, this book will help you optimize all your asset allocation decisions?and maximize the returns they deliver.

Asset allocation demystified-finally!
Beyond the “black box”: plain-English, common-sense asset allocation techniques that work
Bringing unprecedented flexibility to asset allocation
Considering every appropriate investment?traditional and nontraditional
Sailing with the wind at your back
Leveraging the power of the business cycle?what to overweight, and when
Mastering the key economic variables that will drive your results
Allocating to reflect the future of interest rates, government action, and more

목차

Foreword
Preface
About the Author
Introduction: You Can Do Better

1: In Search of the Upside
2: The Case for Cyclical Asset Allocation
3: Thinking in Cycles
4: Tax Tips
5: Linking Up
6: To Start, a Benchmark
7: Taking It to the Tilt
8: The Cyclical Asset Allocation Strategy's Versatility
9: Active versus Passive Management
10: Location, Location, Location?
11: Eye on Elasticity
12: Keeping the Wheels on the Hedge-Fund ATV
13: Market Timing or Value Timing?
14: Every Strategy Has Its Day
15: Putting It All Together: Value Timing

Endnotes
Bibliography
Glossary
Index