In 1986, Gary Brinson, L. Randolph Hood, and Gilbert Beebower concluded that asset allocation is the primary driver of return variability for a broadly diversified portfolio over time. Since then, some investment professionals have disagreed with the findings. This Vanguard research paper aims to bring clarity to the topic by examining two key questions: How does asset allocation affect your risk/return expectations? And how much home bias is reasonable?view more white papers
By downloading a white paper, you are agreeing to have your contact information shared with the content sponsor, who may then contact you.
All white papers posted were created by the listed authors who are solely responsible for the research, finding and all materials contained therein. Pensions & Investments has not verified or edited the materials (other than for length and style) and does not necessarily agree or disagree with the analysis and positions expressed by the authors. Reference to any company, product or service does not imply recommendation or sponsorship by Pensions & Investments.
For more information on submitting a white paper, please contact Richard Scanlon at firstname.lastname@example.org or 212-210-0157.