:: Artikel Jurnal :: Kembali

Artikel Jurnal :: Kembali

The optimal assest allocation for capital preservation: an evidence australian portofolio / Riznaldi Akbar

Riznaldi Akbar; (Business School Universitas Pelita Harapan, 2018)

 Abstrak

ABSTRAK
This study analyzes optimal asset mix for Australian portfolios with the main investment objective for capital preservation. An alternative measure of risk of annual maximum drawdown has been used to reflect investor preference for capital preservation as opposed to conventional risk measure of standard deviation and variance. The contribution of the study is two folds. First, this study has put different perspective to look at portfolio risk in the view of capital preservation. Second, the optimal weight for asset class mix that minimizes annual maximum drawdown has been analyzed for the case of Australian market. The results suggest that for capital preservation, investors should expect lower returns and need to put a greater allocation on less risky assets such as cash or bond. To this end, cash and bond have provided stable long term annual returns along with contained level of annual maximum drawdowns. In contrast, when investors demand higher expected return, they should increase asset allocation into stocks (equities) market at the expense of higher maximum drawdowns.

 Metadata

No. Panggil : 338 DEREMA 13:1 (2018)
Entri utama-Nama orang :
Subjek :
Penerbitan : Karawaci Tangerang: Business School Universitas Pelita Harapan, 2018
Sumber Pengatalogan : LibUI eng rda
ISSN : 19070853
Majalah/Jurnal : DEREMA: Development Research of Management
Volume : Vol. 13, No. 1, April 2018; Hal. 1-10
Tipe Konten : text
Tipe Media : unmediated
Tipe Carrier : volume
Akses Elektronik :
Institusi Pemilik : Universitas Indonesia
Lokasi : Perpustakaan UI, Lantai 4, R. Koleksi Jurnal
  • Ketersediaan
  • Ulasan
No. Panggil No. Barkod Ketersediaan
338 DEREMA 13:1 (2018) 03-18-570805462 TERSEDIA
Ulasan:
Tidak ada ulasan pada koleksi ini: 20470656