Managed Volatility Funds By Morningstar Investment Management. A Theoretical And Practical Analysis Of The Funds Manged For Clerical Medical Insurance Company

      Аннотация: The book provides information over the asset management industry and over the mechanisms of mutual funds. It also gives a detailed explanation of the Modern Portfolio Theory (MPT) by Markowitz, of its development with the Capital Asset Pricing Model (CAPM) by Sharpe and of the main risk and performance indices. It describes in detail the strategy and techniques of investment of three portfolios of funds managed following the target volatility approach by Morningstar Investment Management for Clerical Medical. Finally, it makes use of the main risk and performance indices to conduct a comparison analysis between the Morningstar portfolio and a comparison static portfolio.

Ключевые слова: CAPM, Markowitz, Mutual funds, Morningstar, CML, Portfolio Management