Indices as Benchmarks in the Portfolio Management

With Special Consideration of the European Monetary Union

Authors: Schyra, Andreas

  • ​Publication in the field of economic sciences

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eBook $69.99
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  • ISBN 978-3-658-00696-9
  • Digitally watermarked, DRM-free
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  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-658-00695-2
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About this book

​Based on a very extensive literature review the book delineates the previous scientific and practical applications of indices as benchmarks for single asset classes as stocks, commodities, German governmental bonds and cash as well as especially for multi asset portfolios. According to the specific influencing factors of the Eurozone a recommendation of allocating equity portfolios with respect to industrial or regional factors is given by an empirical analysis. As most common and significant benchmark index for the Eurozone, the Dow Jones Euro STOXX 50 is analysed according to index effects. This serves as comparison and consideration of the active anticipations of index membership exchanges and a simple index investment during short- and long-term periods. Furthermore a correlation weighted equity index, established by different TMI industry indices of the Eurozone is calculated, which serves as benefit for diversification opportunities of two multidimensionally diversified and systamatically allocated multi asset portfolios. These portfolios are composed with reference towards the Portfolio Selection Theory by Harry M. Markowitz to test its practical relevance and validity during the challenging years from 2001 and 2010.

About the authors

Dr. Andreas Schyra completed his extra-occupational PhD-study under the supervision of doc. RNDr. Ján Pekár, Ph.D., at the Comenius University Bratislava, Slovakia. He is a member of the board of a company acting in the field of asset management, where he is responsible for the treasury and the advisory business. Furthermore he acts as a lecturer in the subject group of finance at the FOM University of Applied Sciences.

Table of contents (5 chapters)

Buy this book

eBook $69.99
price for USA (gross)
  • ISBN 978-3-658-00696-9
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $89.99
price for USA
  • ISBN 978-3-658-00695-2
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Indices as Benchmarks in the Portfolio Management
Book Subtitle
With Special Consideration of the European Monetary Union
Authors
Copyright
2013
Publisher
Gabler Verlag
Copyright Holder
Springer Fachmedien Wiesbaden
eBook ISBN
978-3-658-00696-9
DOI
10.1007/978-3-658-00696-9
Softcover ISBN
978-3-658-00695-2
Edition Number
1
Number of Pages
XX, 233
Number of Illustrations and Tables
21 b/w illustrations
Topics