资产配置

本文作者为巴克莱资本（barclayscapital）资产配置策略主管。

The writer is head of asset allocation strategy at Barclays Capital .

本文提出了基于VaR的多阶段金融资产配置模型。

In this paper , we develop multi-period asset allocation models based on VaR.

本文作者为汇丰集团（hsbcgroup）首席经济学家、该行经济学及资产配置研究全球负责人

The writer is HSBC Group chief economist and global head of economicsandassetallocation research

巴克莱资本（BarclaysCapital）资产配置策略主管蒂姆邦德（TimBond）表示赞同：中国无疑具有实现独立增长的能力。

Tim Bond , head of asset allocation strategy at Barclays Capital , agrees : China certainly has the capacity for independent growth .

在期望财富相同的情况下，基于VaR的多阶段资产配置模型比静态模型的期望损失成本低，承担的风险更小。

Multi-period asset allocation models based on VaR have fewer expected losses and less risk than static models with the same of expected wealth .

在采用了误差修正模型，并使用BP神经网络的估计量替代模型观点收益向量后，得到了下一期的模型收益和资产配置结果。

With the error correction model , and using BP neural network prediction results as view returns vector , we get the expected returns and asset allocation results in next issue .

本文作者是投资管理公司GMO的资产配置团队成员

Edward Chancellor is a member of the asset allocation team at investment manager GMO

CRRA、LA和DA三种效用模型的比较分析&资产配置理论的进化和发展

Comparative Analysis of CRRA , LA and DA Utility Models & Evolution and Development of Asset Allocation Theory

他说：成立时间较短的基金如中投公司和科威特投资局（KuwaitInvestmentAuthority）在房地产领域的资产配置尤其不足，同时不存在业绩或历史遗留问题。

He said : The younger funds [ such as CIC and the Kuwait Investment Authority ] especially are under-allocated to real estate and have no performance or legacy issues .

据11月份的美国个体投资者协会资产配置调查（AAIIAssetAllocationSurvey）显示，美国个人投资者上个月在股票和股票基金上的配置比例达62.3%，创11个月来的新高。

Individual investors ' allocations toward stocks and stock funds reached an11-month high of62.3 % last month , according to the November AAII Asset Allocation Survey .

文中提出了一个资产配置模型，即证券投资基金的风险管理者在确定持有期内，如何构建满足VAR限制条件下求解期望收益最优化时达到的投资组合结构模型，即我们要求的资产配置。

The thesis proposed a model of asset allocation we required , How to establish the portfolio model which can achieve the maximum profits given a restrictive VaR value .

本文指出，在基于经济增加值EVA为标准的价值创造管理框架内要从公司资产配置、业务流程、资本结构以及公司治理结构等几个方面对公司进行市值管理。

The paper illustrates the value creation frame based on the EVA criterion should include the company asset allocation , business procedure , capital structure and company governance structure .

“此前，新兴市场一直在阻碍资产配置；现在这个障碍已经被移除，”此次调查的顾问之绝对战略研究中心（absolutestrategyresearch）的戴维鲍尔斯（davidbowers）称。

" Up until now , emerging markets have been the rock of asset allocation ; now that has been taken away , " said David Bowers at absolute strategy research , a consultant on the survey .

美林（merrilllynch）对204名资产配置者和基金经理的调查发现，随着滞胀担忧上升，投资者减持了股票和债券，转为持有现金。

Investors have cut their exposure to both equities and bonds and are moving into cash as fears of stagflation mount , the Merrill Lynch survey of 204 asset allocators and fund managers found .

瀚亚投资（eastspringinvestments）固定收益部首席投资官黄文彬（ooiboonpeng）补充称，全球各国央行也增大了对亚洲固定收益债券的长期资产配置权重。

Ooi boon Peng , chief investment officer for fixed income at eastspring investments , adds that central banks around the world are putting greater long-term allocations towards Asian fixed income .

通过实际样本数据，用Copula-MCMC方法对投资组合中的资产配置和VaR计算进行了研究，给出了Copula-MCMC方法相比于传统方法在投资组合分析中具有改善效果的结论。

And the Copula-MCMC method is used to calculate the asset allocation in portfolio and the VaR though the actual samples . To sum up , the above analysis leads us to the conclusion that the Copula-MCMC method can better improve the securities portfolio than the traditional methods .

股指期货作为股票市场投资者管理投资风险、调整资产配置的一种低成本工具，自从1982年堪萨斯期货交易所（KCBT）推出首只股指期货以来，已经在全球取得了蓬勃的发展。

As a low-cost tool for stock market investors to manage the investment risk and adjust the asset allocation , stock index futures have flourished all over the world since Kansas City Board of Trade ( KCBT ) launched its first stock index futures contract in 1982 .

配置型基金资产配置管理研究

Research on the Asset Allocation Management of the Asset Allocation Fund

第三章分析了因《全国社保基金投资管理暂行办法》规定的不足而产生的委托投资资产配置风险，及其风险控制制度。

Chapter three analyses the disposition risk of social insurance property .

采取这种资产配置方式的投资者，可以继续享受没有中断的财富增长。

Investors so positioned can continue to enjoy uninterrupted wealth growth .

第一，产品的资产配置更加多样化。

First , the asset allocation of product seems more diversification .

保险资金资产配置理论：模型及应用

Theory of Insurance Funds Asset Allocation : Model and Application

资产配置对基金收益影响程度的定量分析

Quantitative Analysis : How Asset Allocation Affects Mutual Fund Revenue

流动性风险管理策略下的银行资产配置研究

The Bank Assets Allocation under Strategies of Liquidity Risk Management

改进股票资产配置管理。

To improve the management of allocation of stock assets .

组合证券投资资产配置的边际分析法初探

A Probe to Margin Analysis of Portfolio Investment Assets Allocation

考虑住房因素的中国居民资产配置问题研究

Chinese Resident 's Asset Allocation in the Presence of Housing

所以对于投资者来说，资产配置至关重要。

So for the investor , asset allocation is crucial .

多阶段资产配置模型及其在投资基金中的应用

Multistage Asset Allocation Model and Its Application in Security Fund

二是对银行资产配置相应的资本以覆盖风险；

Allocating banks with corresponding capital to cover the risks ;