Economic theory assigns a central role to risk preference in assetallocation. This dissertation includes three papers thatinvestigate this relationship empirically. The first paper usespanel data on hypothetical gambles over lifetime income in theHealth and Retirement Study to quantify changes...

We examine common asset allocation strategies for retirement investing, considering both static and dynamic approaches, as well as those allocation policies used by leading target-date fund providers. We studied the average performance of each strategy over historical rolling periods (that is,...

Los inversores institucionales, conscientes de la necesidad de incorporar el cambio climático como un factor de riesgo adicional en la gestión de carteras, muestran un apetito creciente por la integración de criterios de Inversión Sostenible y Responsable (ISR) en sus procesos de inversión....

Rationale The current period of high inflation makes it difficult for investors to maintain their profitability targets in real terms. Against this background, it is important to analyse the returns on different types of assets recorded in this and past inflationary episodes. Takeaways •In the...

En este artículo examinamos el efecto de la restricción supervisora al reparto de dividendos durante la pandemia de COVID-19 —que supuso una perturbación exógena a las distribuciones del sector bancario de la zona euro— sobre la búsqueda de rentas en los fondos de inversión. Utilizando...

The Market Timing - Buy and Hold (MT-BH) is introduced, tested against widely accepted performance models of market timing and tested if implamentation is possible. The MT-BH metric measures the condition of engaging in market timing strategies relative to buy and hold investing across an equity...

Economics