1
Markowtiz
Sharp, Conen, Turner
Decision Mix Major
•
•
•
•
Decision Timing
Allocation Active
•
•
•
•
✓
✓
Principle Dominate
2
Diversification
4
Diversification Naive
risks the Spreading or ,basket one in eggs the all putting Not
Archer
and Even
•
3
•
Diversification Markowitz
P
Perfectly Positively Correlated Returns
: P = 1
Perfectly Negatively Correlated Returns
: P =-1
Non- Correlated Returns
: P = O
.
-1
.
-
-
.
:
∂ =
√
(𝑤𝜕
1
+ 𝑤𝜕
2
)
42
Diversification Maturity
4
Management PortfoIio Aggressive
Structure Maturity Laddered
Structure Maturity Baebell
5
43Diversification lnternational
Policy Aggressive
PoIicy Defensive
080
Policy Defensive Aggressive
✓
✓
✓
✓
✓
✓
70 .
