The Art of Asset Allocation: Principles and Investment Strategies for Any Market, Second Edition

By David H Darst
Publisher:   McGraw-Hill
Number Of Pages:   432
Publication Date:   2008
ISBN-10 / ASIN:   0071592946
ISBN-13 / EAN:   9780071592949

FOREWORD ix
PREFACE xi
SECTION 1
UNDERSTANDING ASSET ALLOCATION
Chapter 1
Essentials of Asset Allocation 3
Overview 3
Meanings of Asset Allocation 4
Foundations of Asset Allocation 7
The Risks and Rewards of Asset Allocation 10
Principal-Protection Assets and Principal-Growth Assets 16
The Effects of Inflation on Purchasing Power 17
Chapter 2
The Asset-Allocation Process 21
Overview 21
Matching Asset Classes with Wealth Levels and Income Needs 22
Types of Asset Allocation 24
Intersections of Asset Allocation with Other Disciplines 33
SECTION 4
ASSET CLASS CHARACTERISTICS
Chapter 6
Distinguishing Qualities of Asset Classes 201
Overview 201
Asset Supercategories 202
Evaluating Asset Classes 204
Participants within Asset Classes 206
Asset Classes and Subasset Classes 209
Asset Class Descriptions 211
Asset Class Weightings and Uses 248
Chapter 7
Analyzing Assets’ Rates of Return 255
Overview 255
Organization of Returns Data 256
Assets’ Annual Rates of Return by Groups of Years 257
Assets’ Annual Rates of Return by Individual Years 262
Assets’ Annual Rates of Return by Economic Environment 281
Rotating Returns Leadership Among Asset Classes 291
Equities Industry Sectors by Individual Years 295
Leading Companies by Equity Market Capitalization 298
Leading U.S. Companies’ Rates of Return by Individual Years 302