Investment Beliefs : A Positive Approach to Institutional Investing

As An Asset Manager Or Pension Trustee, You Should Worry Less About The Stocks And Products You Pick For Your Clients And More About Getting Your Fundamental Investment Beliefs Right. After A Steep Decline In The Global Stock Markets And A Recovery That Is Still Uncertain, It Is Simply Is Not Enough To Have A Good Organization, Good Staff And A Well-defined Mission. You Need To Formulate Your Own Set Of Investment Beliefs: A Clear View On How You Perceive The Way Capital Markets Work And How Your Fund Can Add Value And Strive For Excellence. Funds Which Establish And Implement A Well-defined Investment Philosophy Have Been Shown To Earn Consistently Better Results. This Practical Book Provides The Framework For Determining Your Own Investment Beliefs And Guidance On How To Imbed, Communicate And Monitor Them. Its Research Is Based On A Survey Of The World's Leading Fund Managers, Viewed As Excellent Companies In The Asset Management Industry. The Book Includes A Speed-read Summary At The Start Of Each Chapter, Useful Checklists, And Case-studies Spanning Organizations From A Variety Of Different Countries And Industries. It Also Provides A Timely Overview Of The Major Debates In The Industry And An Introduction To The Issues That Matter For Long-term Survival In Financial Markets With Investment Beliefs Firmly In Place, You Will Be Able To More Easily Navigate The Investment Options Available, Knowing That Your Choices And Decisions Are In Accordance With Your Values And Objectives. Successful Implementation Of Investment Beliefs Might Well Be One Of The Decisive Factors In Becoming A Winner Or Loser In The Investment Management Industry In 2020. Having The Right Investment Beliefs And Putting Them Into Practice Is Key To Delivering The Right Results. Decision Makers In The Investment Industry Should Worry Less About The Stocks And Products They Pick For Their Clients And More About Getting The Big Picture Right; Developing Investment Beliefs Are Instrumental In Making The Right Choices-- Introduction -- Part I: Investment Beliefs: The Fundamentals -- Think Twice About Your Investment Philosophy -- Uncovering Beliefs -- Why Pension Investors And Asset Managers Differ -- Part Ii: Exploring Beliefs -- Inefficiencies -- Risk Premiums -- Diversification -- Investment Horizon -- The Investment Process: Impact And Focus Decisions -- Risk Management -- Investment Style -- Costs -- Organization -- Sustainability -- Part Iii: Embedding Beliefs -- How To Hit The Ground Running -- (re)engineering Your Own Beliefs -- References. Kees Koedijk, Alfred Slager. Includes Bibliographical References (pages 165-184) And Index. Front Matter....Pages i-xii Introduction....Pages 1-6 Front Matter....Pages 7-7 Think Twice About Your Investment Philosophy....Pages 9-15 Uncovering Beliefs....Pages 17-37 Why Pension Investors and Asset Managers Differ....Pages 39-45 Front Matter....Pages 47-47 Inefficiencies....Pages 49-57 Risk Premiums....Pages 59-65 Diversification....Pages 67-76 Investment Horizon....Pages 77-85 The Investment Process: Impact and Focus of Decisions....Pages 87-92 Risk Management....Pages 93-102 Investment Style....Pages 103-114 Costs....Pages 115-120 Organization....Pages 121-129 Sustainability....Pages 131-140 Front Matter....Pages 141-141 How to Hit the Ground Running....Pages 143-150 (Re)engineering Your Own Beliefs....Pages 151-163 Back Matter....Pages 165-187