A Dynamic Asset Allocation Approach to Investing

  title={A Dynamic Asset Allocation Approach to Investing},
  author={Terry Grennon},
  journal={Mutual Funds},
The strategic asset allocation approach utilized by the majority of investment institutions to provide investment advice and guidance is based on unrealistic stock return assumptions making the approach less efficient and effective than a dynamic asset allocation approach. This paper proposes utilizing dynamic asset allocation forward looking return assumptions to identify the most efficient and prudent asset allocation strategy to investment in. We find a cumulative asset growth advantage of… Expand