IDEAS home Printed from https://ideas.repec.org/a/cai/refaef/ecofi_108_0117.html
   My bibliography  Save this article

Allocation stratégique des actifs et gestion de l'investissement à long terme par les investisseurs institutionnels

Author

Listed:
  • Éric Bouyé

Abstract

The strategic asset allocation is a key pillar for the long-term investors who face the necessity to reconcile the long-term risk-return objectives and the need for short-term protection. This article explains why the long-term investors have to go beyond the standard asset management framework of fixed weights allocation. Rooted in the financial theory, dynamic asset allocation appears to be a very relevant investment solution. The different types of dynamic strategies are presented and the concept of diagram payoff is introduced as a powerful tool to reveal investor?s preferences. We also illustrate the role of accounting rules and the setup of a proper governance to reach the long term objectives. Classification JEL: G11, G23.

Suggested Citation

  • Éric Bouyé, 2012. "Allocation stratégique des actifs et gestion de l'investissement à long terme par les investisseurs institutionnels," Revue d'économie financière, Association d'économie financière, vol. 0(4), pages 117-132.
    • Handle: RePEc:cai:refaef:ecofi_108_0117
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_108_0117
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-financiere-2012-4-page-117.htm
    Download Restriction: free
    ---><---

    More about this item

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:refaef:ecofi_108_0117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-financiere.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.