Investing Amid Low Expected Returns


Making the Most When Markets Offer the Least

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<p><b>Elevate your game in the face of challenging market conditions with this eye-opening guide to portfolio management</b></p> <p><i>Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least </i>provides an evidence-based blueprint for successful investing when decades of market tailwinds are turning into headwinds.&nbsp;</p> <p>For a generation, falling yields and soaring asset prices have boosted realized returns. &nbsp;However, this past windfall leaves retirement savers and investors now facing the prospect of record-low future expected returns. Emphasizing this pressing challenge, the book highlights the role that timeless investment practices &ndash; discipline, humility, and patience &ndash; will play in enabling investment success. It then assesses current investor practices and the body of empirical evidence to illuminate the building blocks for improving long-run returns in today&rsquo;s environment and beyond. It concludes by reviewing how to put them together through effective portfolio construction, risk management, and cost control practices.</p> <p>In this book, readers will also find:</p> <ul> <li>The common investor responses so far to the low expected return challenge</li> <li>Extensive empirical evidence on the critical ingredients of an effective portfolio: major asset class premia, illiquidity premia, style premia, and alpha</li> <li>Discussions of the pros and cons of illiquid investments, factor investing, ESG investing, risk mitigation strategies, and market timing</li> <li>Coverage of the whole top-down investment process &ndash; throughout the book endorsing humility in tactical forecasting and boldness in diversification</li> </ul> <p>Ideal for institutional and active individual investors, <i>Investing Amid Low Expected Returns</i> is a timeless resource that enables investing with serenity even in harsher financial conditions.</p>