The Art of Asset Allocation

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This fully revised classic focuses on asset allocation techniques for growing real wealth. David Darst, a global leader and expert in the field, presents a comprehensive guide in this updated second edition. He covers historic market events, instruments, asset classes, and economic forces crucial for investors creating asset-building portfolios. The book explains how to apply modern asset allocation concepts and tools to enhance returns and manage risks across various financial market environments. Darst, known as the king of asset allocation, provides thorough asset class descriptions, detailing historical risk, return, and correlation characteristics. He distinguishes between tactical and strategic asset allocation, offers clear rebalancing guidelines, and includes an annotated guide to both traditional and online information sources. The first edition received high praise, with notable endorsements emphasizing its value for investors and advisors alike. Darst is a Managing Director and Chief Investment Strategist for Morgan Stanley's Global Wealth Management division, a CFA charterholder, and a member of the New York Society of Security Analysts. He is also a sought-after international speaker and the author of several influential finance books.