Ang, Andrew; Chua, David; Gallagher, Katelyn; Hull, Stephen - In: Asset management at central banks and monetary …, (pp. 459-484). 2020
Factors - historically broad and persistent sources of return - can be used with simple equity-bond Reference Portfolios to meet the multiple challenges facing official reserve institutions. First, Reference Portfolios can be constructed to reflect the risk appetite of stakeholders, provide...
