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containing varying proportions of gateway and non-gateway markets. Risk-adjusted performance is found to be similar across types … returns even after accounting for capital expenditures. Downside risk appears to be slightly greater for gateway markets than … risk is found to be constant across types of markets. We show that discriminating between gateway and non-gateway markets …
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In 2008 the older portion of an 86 million "baby boomer" population in the U.S. entered retirement age and became eligible for social security. Because of the recent economic downturn, this population is poised for retirement on what are now diminished savings. For this and other reasons, an...
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risk-return profiles and diversification benefits rather than concentrating on solely beating inflation …
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