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

来源：

JASSA-THE FINSIA JOURNAL OF APPLIED FINANCE | 2010年 / 02期

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

页码：17 / 22

页数：6

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