By Matthew P. Erickson
An all-weather, tactical method of asset administration using alternate Traded money (ETFs) In Asset Rotation, portfolio administration pioneer Matthew P. Erickson demonstrates a time-tested method of asset administration that has labored during the background of capital markets, in stable occasions and undesirable. supplying traders with robust participation in emerging markets, yet extra importantly with a self-discipline to lessen participation in lengthy declines. over the years this progressive process has yielded greater returns, with considerably lowered degrees of possibility; offering the engine for actual, long term sustainable development. The funding international as we all know it has replaced, and the paradigm has shifted. What has labored long ago may perhaps now not paintings sooner or later. now not may well bonds be considered as a secure haven asset type, as for the 1st time in generations, traders in mounted source of revenue face losses as rates of interest upward thrust from historic all-time lows. For these adhering to a standard glossy Portfolio idea dependent funding method of asset administration, what used to be considered as secure and good, may actually quickly develop into our best obstacle. Asset Rotation presents traders with a realistic answer for modern genuine global difficulties. This tactical method of asset administration offers us with concrete evidence that there's certainly a greater manner. we're status at the precipice of an funding Renaissance . What was once formerly most unlikely, is now attainable. learn how. offers an easy-to-understand rate momentum-based method of making an investment Illustrates some great benefits of asset rotation bargains a scientific process for securing a legitimate monetary destiny presents extra insights as to easy methods to customise your personal asset rotation portfolio Matthew Erickson offers traders a hands-on source for the way to navigate an more and more tricky funding panorama, by way of offering them with prepared insights into the main speedily turning out to be phase of the funding markets.
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Additional resources for Asset Rotation: The Demise of Modern Portfolio Theory and the Birth of an Investment Renaissance
10+ years old: The overall rating is based 50 percent on the 10-year rating, 30 percent on the 5-year rating, and 20 percent on the 3-year rating. 1 Morningstar Ratings by Percentile 2-Star 1-Star Shooting Stars 37 Morningstar goes on to disclose, “As always, the Morningstar Rating is intended for use as the first step in the fund evaluation process. ” The problem is for many investors, the star rating of a mutual fund or fund manager is both their starting and end point; it is also often the foundation upon which many financial practitioners make their investment portfolio recommendations.
Therefore, it should come as no surprise that we have elected to reflect on the stellar career and returns Bill Miller posted as the steward for the Legg Mason Value Trust Fund. 3 15 Years of Record-Breaking Returns, Statistical Analysis Source: © 2014 Morningstar, Inc. All Rights Reserved. Reproduced with permission. Shooting Stars 43 From 1991 to 2005, portfolio manager Bill Miller went on a spectacular run, unlike that which the investment markets have ever seen. For 15 years straight Mr. 4).
3, illustrating the bull market in bonds, the risk-adjusted returns are astounding. 04, investors were nearly able match the overall returns of the stock market with essentially 96 percent less risk! Additionally, while stocks incurred a maximum drawdown of greater than 50 percent over this time period, bonds were down less than 15 percent! This period marked a tremendous boom for fixed-income investors, and as such may have created a false sense of expectations. Recall, as noted previously, investors have a tendency to assume that which they have experienced in recent years will continue on into the future.