A Key Differentiator of Multi-Asset Investors 

     

    4 May 2018

     

    Dynamic asset allocation is a key differentiator of today's multi-asset investors, as Brian Singer, CFA, head of William Blair's Dynamic Allocation Strategies team, discusses in a new practitioner's guide published by the CFA Institute.


    The popularity of multi-asset investing arises from growing demand for investment outcomes rather than relative performance. But multi-asset investing is a challenging topic. Multi-Asset Strategies: The Future of Investment Management seeks to demystify multi-asset investing in a way that is accessible to all investment practitioners, not just quantitatively oriented professionals. The book is about both concepts and practices in multi-asset investing.

     

    Among the contributors—a group of seasoned investment professionals—is Singer. In Chapter 3 of the book, he examines the role of both dynamic asset allocation and tactical asset allocation using his overall investment taxonomy. 

     

    Dynamic asset allocation is a challenging topic, says Singer, and a significant number of investors confuse it with market timing. Singer disputes that misperception, citing authorities ranging from John Maynard Keynes to Gary Brinson.

    Read Brian Singer's Dynamic Asset Allocation Chapter