Pregled bibliografske jedinice broj: 643741
Strategic asset allocation from a Croatian investor perspective
Strategic asset allocation from a Croatian investor perspective // The future of economics : between rules and discretion / Marli, Gonan Božac ; Ribnikar, Ivan (ur.).
Pula: Sveučilište Jurja Dobrile u Puli, 2013. str. 281-303
CROSBI ID: 643741 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Strategic asset allocation from a Croatian investor perspective
Autori
Prohaska, Zdenko ; Jelenaca, Ivo
Vrsta, podvrsta i kategorija rada
Poglavlja u knjigama, znanstveni
Knjiga
The future of economics : between rules and discretion
Urednik/ci
Marli, Gonan Božac ; Ribnikar, Ivan
Izdavač
Sveučilište Jurja Dobrile u Puli
Grad
Pula
Godina
2013
Raspon stranica
281-303
ISBN
978-953-7498-71-9
Ključne riječi
strategic asset allocation, correlations, stock, bond, gold, commodity futures, real total return
Sažetak
Poor performance of traditional asset allocation between stocks and bonds in the past decade, as well as significant growth of gold and commodity futures in the same period re- initiated discussions on strategic asset allocation. Correlations among portfolio asset classes returns determine the effect of diversification, which is reflected in the portfolio return and risk. From the perspective of Croatian investor (in HRK) in the period form July 1997 to August 2012, gold proved itself as s very effective hedge for stocks and bonds from Croatian capital market, since its real returns have negative correlation with CROBEX and CROBIS real total returns. Altough commodity futures seemed like a good hedge in USA from 1970 to 2012, despite the negative correlation of USD with CROBEX and CROBIS, commodity futures returns are positively correlated with Croatian stocks and bonds returns.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
081-0811403-1411 - Hrvatska financijska tržišta i institucije u procesu uključivanja u EU (Prohaska, Zdenko, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Rijeka
Profili:
ZDENKO PROHASKA
(autor)