Lifecycle investing: is it more about behavioural finance than risk management?

被引:0
|
作者
Livanas, John [1 ]
机构
[1] Univ New S Wales, Sydney, NSW 2052, Australia
关键词
lifecycle investing; risk management; behavioural finance; superannuation; PORTFOLIO SELECTION; UNCERTAINTY;
D O I
暂无
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
While 'lifecycle investing' has been a marketing success, this paper demonstrates the fallacy of this approach when sold as a gradual risk reduction strategy, and argues that lifecycle investing is rooted more in behavioural finance than in lifetime risk management. A more appropriate approach would be to assess lifetime risk assumed and manage this according to the investor's risk profile.
引用
收藏
页码:17 / 22
页数:6
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