Discover the Benefits of Risk Parity Investing Despite recent progress in the theoretical analysis and practical applications of risk parity, many important fundamental questions still need to be answered. Risk Parity Fundamentals uses fundamental, quantitative, and historical analysis to address these issues, such as: *What are the macroeconomic dimensions of risk in risk parity portfolios? *What are the appropriate risk premiums in a risk parity portfolio? *What are market environments in which risk parity might thrive or struggle? *What is the role of leverage in a risk parity portfolio? An experienced researcher and portfolio manager who coined the term "risk parity," the author provides investors with a practical understanding of the risk parity investment approach. Investors will gain insight into the merit of risk parity as well as the practical and underlying aspects of risk parity investing.
An Introduction to Risk Parity Principle Risk contribution and its financial interpretation Risk parity Efficient portfolios through true diversification The "Colors" of Risk Premiums High yield as an asset class: equity in bonds' clothing Roll yields, prices, and commodity returns Do currencies have risk premiums? The "Death" of Interest Rate Risk Premium Are bond yields too low? Duration, yield volatility, and bond exposure Do forward rates have anything to do with future rates? See the Forest for the Trees Spear and shield See the forest for the trees Risk-on risk-off and risk parity The risk parity conundrum: rising rates and rising returns No more risk parity debate? The "Peculiarity" of Risk Parity Portfolios Who is afraid of leverage? Portfolio rebalancing and diversification returns of leveraged portfolios Benchmarking risk parity Upside participation and downside protection and risk parity portfolios History Lessons 1994 After taper tantrum: an improved outlook for risk parity Waiting for the other shoe to drop Is US becoming Japan? Risk parity and inflation The "Wild West" of Risk Parity Are risk parity managers risk parity? Predicting risk parity managers' performance "Value" of stop-loss investment policies Risk Parity Everywhere: Much of a Good Thing Is a Great Thing "Go the distance:" a more granular application of risk parity Reaching for yield: the risk parity way Risk parity as a global macro hedge fund Pension liabilities and risk parity
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