Advanced search
Publication Cover
Financial Analysts Journal Volume 56, 2000 - Issue 1
Submit an article Journal homepage
1,000
Views
207
CrossRef citations to date
0
Altmetric
PORTFOLIO MANAGEMENT

Does Asset Allocation Policy Explain 40, 90, or 100 Percent of Performance?

Roger G. Ibbotson Roger G. Ibbotson is professor of finance at the Yale School of Management and chair of Ibbotson Associates.
&
Paul D. Kaplan Paul D. Kaplan is the director of the Morningstar Center for Quantitative Research. He was vice president and chief economist at Ibbotson Associates when this article was written.
Pages 26-33 | Published online: 02 Jan 2019

References

  • Brinson, Gary P, L. Randolph Hood, and Gilbert L. Beebower. 1986. “Determinants of Portfolio Performance.” Financial Analysts Journal, vol. 42, no. 4 (July/August): 39–48.
  • Brinson, Gary P, Brian D. Singer, and Gilbert L. Beebower. 1991. “Determinants of Portfolio Performance II: An Update.” Financial Analysts Journal, vol. 47, no. 3 (May/June): 40–48.
  • Goetzmann, William N, and Roger G. Ibbotson. 1994. “Do Winners Repeat?” Journal of Portfolio Management, vol. 20, no. 2 (Winter): 9–18.
  • Hensel, Chris R, D. Don Ezra, and John H. Ilkiw. 1991. “The Importance of the Asset Allocation Decision.” Financial Analysts Journal, vol. 47, no. 4 (July/August): 65–72.
  • Ibbotson Associates. 1998. Stocks, Bonds, Bills, and Inflation1998 Yearbook.Chicago, IL: Ibbotson Associates.
  • Jahnke, William W.. 1997. “The Asset Allocation Hoax.” Journal of Financial Planning, vol. 10, no. 1 (February): 109–113.
  • Lucas, Lori. 1998. “Analyzing Manager Style.” Pension Investment Handbook, 1998 Supplement Edited by Mark W. Riepe and Scott L. Lummer.New York: Panel Publishers.
  • Sharpe, William F.. 1991. “The Arithmetic of Active Management.” Financial Analysts Journal, vol. 47, no. 1 (January/February): 7–9.
  • Sharpe, William F.. 1992. “Asset Allocation: Management Style and Performance Measurement.” Journal of Portfolio Management, vol. 18, no. 2 (Winter): 7–19.
  • Stevens, Dale H, Ronald J. Surz, and Mark E. Wimer. 1999. “The Importance of Investment Policy.” Journal of Investing, vol. 8, no. 4 (Winter): 80–85.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Order Reprints Request Corporate Permissions

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

Request Academic Permissions

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.

Related research

People also read lists articles that other readers of this article have read.

Recommended articles lists articles that we recommend and is powered by our AI driven recommendation engine.

Cited by lists all citing articles based on Crossref citations.
Articles with the Crossref icon will open in a new tab.