Abstract

The market portfolio contains important information for purposes of strategic asset allocation. One could consider it a natural benchmark for investors. The authors composed the invested global multi-asset market portfolio for 1990–2012 by estimating the market capitalization for equities, private equity, real estate, high-yield bonds, emerging-market debt, investment-grade credits, government bonds, and inflation-linked bonds. They also used an expanded period (1959–2012) for the main asset categories: equities, real estate, nongovernment bonds, and government bonds.

About the Author(s)

Ronald Doeswijk
Trevin Lam
Laurens Swinkels

1 CE

Manage your Continuing Education credits

Additional Information

Published by CFA Institute

16 pages

https://doi.org/10.2469/faj.v70.n2.1

ISSN: 0015-198X

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