Asset Allocation vs. Security Selection: Their Relative Importance PoorSatisfactoryGoodVery GoodExcellent Be the first. (0 ratings) Log in to rate this article. Investment Performance Measurement Feature Articles May 2011 | Vol. 2011 | No. 1 | 9 pages Source: CFA InstituteRenato Staub Brian Singer, CFA Read Abstract Various researchers have investigated the importance of asset allocation versus security selection. Although we think this question is conceptually weak—because asset allocation and security selection have different missions—we address it to ensure appropriate quantitative treatment. We focus on feasibility rather than on what managers actually do. Hence, our approach is free of benchmark thinking and makes no assumptions regarding portfolio positions or potential constraints. View more information Topics Portfolio Management : Performance Measurement, Attribution, and Appraisal | Performance Measurement and Evaluation : Performance Attribution | Private Wealth Management : Investment Strategy and Asset Allocation Credits · About the CE Program 0 CE (including 0 SER) Record credits Credits recorded Members, log in to record your credits. Manage CE Credits People who viewed this page also viewed: Long-Term Global Market Correlations In order to examine the correlation structure of global equity markets, the authors measure two components of the benefits of international ... More China's 12th Five-Year Plan Alexander Van Kemenade discusses China's 12th five-year plan, which includes higher efficiency in the use of energy, water, and carbon ... More Correlation, Return Gaps, and the Benefits of Diversification This paper suggests that correlation is not the best indicator for diversification in that the benefits of diversification depend on not ... More Loading ...