The funds management industry provides numerous financial products to help investors accumulate wealth in preparation for their retirement. Typically financial products such as balanced funds and lifecycle funds have been the most popular. Recently because of the two major bear markets from 2000...

In this paper we present a different approach to modelling the dynamic nature of the equity risk premium to those adopted in prior studies. We attempt to model the time variation of the equity risk premium through the use of a discounted dividend approach to model the ex ante risk premium...

This paper examines the performance of momentum trading strategies in foreign exchange markets. We find the well-documented profitability of momentum strategies with equities to hold for currencies as well and to have continued throughout the 1980s and the 1990s. Our results indicate that the...

A linear programming algorithm is presented for determination of farm plans that are efficient under the mean-Gini criterion. Use of the algorithm is illustrated by applying it to a standard problem from the literature. The set of efficient plans is compared with those based on meanvariance and...