Adaptive
Asset Allocation Policies
Adaptive Asset Allocation Policies
William F.
Sharpe, July 2009, Revised November 2009
This is a pre-peer review
version of a paper that argues for asset allocation policies that adapt
as the
relative market values of major asset classes change. Examples of
adaptive balanced mutual funds and target-date funds are included. The
revised version was published as "Adaptive Asset Allocation Policies,"
in the Financial Analysts Journal,
Vol. 66, Number 3, May/June 2010, pp. 45-59.
FTSE Adaptive Asset Allocation Policy
Calculator
A site developed by FTSE that
enables the user to view the path over time of a bond/stock strategic
asset allocation policy which is adapted to changes in global, U.S. or
U.K bond and equity market values. The calculator was developed by FTSE
in conjunction with myself based on the paper above.