Testing the Target-Date Theory
September 11, 2013
Asset International - The analysis, “Optimal Portfolios for the Long Run,” written by David Blanchett of Mornigstar, Michael Finke of Texas Tech University, and Wade Pfau from the American College, examined over 113 years of data covering equities markets in 20 countries.
Duration has functioned as a diversifying factor for portfolios throughout modern market history, according to a study on optimal long-run asset management.
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The analysis, “Optimal Portfolios for the Long Run,” written by David Blanchett of Mornigstar, Michael Finke of Texas Tech University, and Wade Pfau from the American College, examined over 113 years of data covering equities markets in 20 countries.