As a result of the financial crisis of 2007-2008 and subsequent central banking decisions, the asset management industry changed its asset allocation choices. Asset managers are focusing their attention on the search for new asset classes by taking advantage of the new opportunities to capture risk premia with the aim of exceeding the returns given by traditional investments including traded equities, fixed income securities, and cash. By doing so, they are trying to improve the selection of alternative assets such as commodities that sometimes have relatively low correlations with traditional assets. The chapter begins by describing the principles of asset allocation, distinguishing between passive and active asset allocation also focusing on beta and alternative beta. It then concentrates on how investors can gain exposure to commodities through different investment vehicles and strategies.

Boido, C. (2018). Asset Allocation Strategies and Commodities. In H.K. Baker, G. Filbeck, J.H. Harris (a cura di), Commodities: Markets, Performance and Strategies (pp. 406-421). Oxford : Oxford University Press [10.1093/oso/9780190656010.003.0021].

Asset Allocation Strategies and Commodities

Claudio Boido
2018-01-01

Abstract

As a result of the financial crisis of 2007-2008 and subsequent central banking decisions, the asset management industry changed its asset allocation choices. Asset managers are focusing their attention on the search for new asset classes by taking advantage of the new opportunities to capture risk premia with the aim of exceeding the returns given by traditional investments including traded equities, fixed income securities, and cash. By doing so, they are trying to improve the selection of alternative assets such as commodities that sometimes have relatively low correlations with traditional assets. The chapter begins by describing the principles of asset allocation, distinguishing between passive and active asset allocation also focusing on beta and alternative beta. It then concentrates on how investors can gain exposure to commodities through different investment vehicles and strategies.
2018
9780190656034
Boido, C. (2018). Asset Allocation Strategies and Commodities. In H.K. Baker, G. Filbeck, J.H. Harris (a cura di), Commodities: Markets, Performance and Strategies (pp. 406-421). Oxford : Oxford University Press [10.1093/oso/9780190656010.003.0021].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11365/1037457