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Asset Management – A Systematic Approach to Factor Investing - Oxford Scholarship Online
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Asset Management: A Systematic Approach to Factor Investing

Andrew Ang


This book upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent. The key, the book argues, is bad times, and the fact that every investor's bad times are somewhat different. The notion that bad times are paramount is the guiding principle of the book, which offers a new approach to the age-old problem of where an investor should put their money. This book argues that the traditional approach, with its focus on asset classes, is too crude and ultimately too costly to serve investors adequa ... More

Keywords: asset allocation, risks, investments, asset classes, investors, factor risks

Bibliographic Information

Print publication date: 2014 Print ISBN-13: 9780199959327
Published to Oxford Scholarship Online: August 2014 DOI:10.1093/acprof:oso/9780199959327.001.0001


Affiliations are at time of print publication.

Andrew Ang, author
Columbia Business School