It is now widely accepted that the majority of portfolio returns are generated from asset allocation rather than market timing or security/fund selection. Read more about the research behind this important part of the Frontier philosophy here.
Frontier Capital - Investing Like Harvard and Yale
The investment strategy and asset allocation of the large US endowment funds are a significant input to Frontier’s own asset allocation. This article gives an overview of the endowments and why they are considered leaders in multi-asset investing.
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Publication date: June 2008
The Importance of Asset Allocation Explained
Larry M. Elkin, CPA, CFP, reviews some the research behind asset allocation as the main driver of portfolio performance.
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Publication date: July 1999
Recommended Reading:
The Intelligent Asset Allocator by William Bernstein; Published 2000, McGraw-Hill, London