Abstract: The genius of the Markowitz model of portfolio selection is that even a small investor can create a portfolio that is efficient in the sense that it minimizes variability for any degree of desired returns. Markowitz's approach required that the investor has access to the risk-free asset with return Rf and a portfolio of assets that could place the investor on the Markowitz bullet and the capital allocation line.KeywordsMutual FundOptimal PortfolioPortfolio SelectionHedge FundRisky AssetThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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