Asset Management: A Systematic Approach to Factor Investing
In Asset Management: A Systematic Approach to Factor Investing, Professor Andrew Ang presents a comprehensive, new approach to the age-old problem of where to put your money. Years of experience as a finance professor and a consultant have led him to see that what matters aren't asset class labels, but instead the bundles of overlapping risks they represent. Factor risks must be the focus of our attention if we are to weather market turmoil and receive the rewards that come with doing so. Clearly written yet full of the latest research and data, Asset Management is indispensable reading for trustees, professional money managers, smart private investors, and business students who want to understand the economics behind factor risk premiums, to harvest them efficiently in their portfolios, and to embark on the search for true alpha.
What people are saying - Write a review
Ang covers everything you could possibly want from a graduate-level course on Investments in very entertaining and lighthearted prose. A must-read for anyone looking to understand Investments beyond "the art of stock picking".
One of the best asset management books I ever read. I have not completed the reading, but this book is well worth of reading. The chapter of Mutual funds clearly discuss the tricks and issues with mutual funds industry (I do not believe that these tricks have been published /organized so systematically). the chapter of factor investing is also very useful.