Asset allocation is important for diversifying risk and realizing gains in the financial market. It involves decisions taken under uncertainty based on statistical methods. Returns on financial assets generally present ...

The Mutual Fund Theorem is an elegant way of describing how investors with different attitudes towards risk should construct their portfolios. It is, however, often misinterpreted. This paper revisits the topic by defining ...

O modelo de Asset Allocation data da década de 1950, com a Teoria da Fronteira Eficiente (Markowitz, 1952), que buscava uma carteira que tivesse uma otimização da relação retorno risco e, ao mesmo tempo, pudesse superar a ...