This article presents a straightforward approach to incorporate a Value at Risk (VaR) constraint
into the asset allocation mechanism of life-cycle investment funds. It makes use of tactical …

The author assesses the shortfall risk of life-cycle investment funds. Since products offered
by competing providers have differing risk-return characteristics, he uses a probabilistic …

Over recent years there has been a proliferation of lifecycle investment funds. This has created
a challenge for financial advisers, consultants and plan sponsors: how to compare one …

This article presents a simple approach of incorporating a Value at Risk (VAR) constraint to
tactical asset allocation (TAA). We outline a dynamic VAR TAA strategy that is useful in …

Despite the growing importance of target date funds as retirement accumulation vehicles,
there exists a paucity of literature on their comparative risk-return characteristics. This paper …

The first three years of the 21st century brought one of the worst bear markets in US history,
with equity markets around the world falling around 40% in real terms. This was followed in …

Life cycle investment funds are one of the fastest growing segments in the defined contribution
pension industry. Despite concerns over long-term investment performance, many life …

Background The safety, effectiveness, and cost-effectiveness of molnupiravir, an oral
antiviral medication for SARS-CoV-2, has not been established in vaccinated patients in the …

Recent years have witnessed rapid growth in the number of mutual funds products offering
guaranteed rates of return. However, such products reduce the degree of operational …

American savers held in excess of $16.90 trillion in retirement assets at the end of the second
quarter of 2008, accounting for 36% of all US household financial assets. A key question …