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Improving the Performance of Equity Portfolios

Published online by Cambridge University Press:  03 October 2014

R. S. Clarkson  and
J. Plymen
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Extract

This paper has the strictly practical objective of devising procedures for managing Equity portfolios to the best advantage.

First, Modern Portfolio Theory, (MPT) which has been developed over the last 35 years with just this objective, is critically examined; from a study of the history of MPT and of its philosophy, principles and practices, the authors conclude that this discipline makes no contribution whatever to improving the performance.

Type
Research Article
Information
Transactions of the Faculty of Actuaries , Volume 41 , 1987 , pp. 631 - 675
Copyright
Copyright © Institute and Faculty of Actuaries 1987

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References

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