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The European Journal of Finance Volume 23, 2017 - Issue 1
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Original Articles

Multi-asset portfolio optimization and out-of-sample performance: an evaluation of Black–Litterman, mean-variance, and naïve diversification approaches

Wolfgang BesslerCenter for Finance and Banking, Justus-Liebig-University Giessen, Giessen, GermanyCorrespondence[email protected]
,
Heiko OpferDeka Investment GmbH, Frankfurt, Germany
&
Dominik WolffCenter for Finance and Banking, Justus-Liebig-University Giessen, Giessen, Germany
Pages 1-30 | Received 16 Nov 2012, Accepted 07 Aug 2014, Published online: 08 Dec 2014

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