作者:Michael Lewis and etc
资源类别:报告
资源格式: PDF 70 Pages 英 598KB
目录:
Introduction ..............................................................................................................3
Executive Summary...................................................................................................4
Hot Commodities ......................................................................................................7
The History and Development of Commodity Exchanges..............................................11
Convenience Yield, Term Structures and Volatility Across Commodity Markets ...............18
Commodity Indexes for Real Return and Efficient Diversification ...................................24
Commodities as an Asset Class: Testing for Mean Variance Spanning under
Arbitrary Constraints ................................................................................................35
Collateralized Commodity Futures: Good Portfolio Diversification and the Prospect
of Equity-Like Returns..............................................................................................43 Commodities: The Orthogonal Asset Class .................................................................50 Commodity Allocation from a Private Client Perspective...............................................56 Commodities as a Strategic Investment for PGGM ......................................................60 Appendix................................................................................................................67 Glossary.................................................................................................................68
Commodities: The Orthogonal Asset Class .................................................................50
Commodity Allocation from a Private Client Perspective...............................................56
Commodities as a Strategic Investment for PGGM ......................................................60
Appendix................................................................................................................67
Glossary.................................................................................................................68