Download This PaperExpected Returns on Major Asset Classes
180 Pages Posted: 9 Jun 2015 Last revised: 12 Jun 2015
Date Written: June 1, 2012
Abstract
Can the art and science of investment management be reduced to a set of patterns that markets generally follow, in apparent violation of the efficient market hypothesis? Can investors reasonably expect to make money from the knowledge of these patterns, even after they have not only been identified but also widely exploited? Although one’s first guess might be that the answers to these questions are no, at least sometimes, the answer is yes.
Keywords: Expected Returns
JEL Classification: G1, G2
Suggested Citation: Suggested Citation
Ilmanen, Antti S., Expected Returns on Major Asset Classes (June 1, 2012). CFA Institute Research Foundation 2012 - 1, Available at SSRN: https://ssrn.com/abstract=2616228
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