RT Journal Article
SR Electronic
T1 Rebalancing Equity Allocations
JF The Journal of Investing
FD Institutional Investor Journals
SP 44
OP 55
DO 10.3905/joi.2005.517174
VO 14
IS 2
A1 Jonathan D. Stewart
YR 2005
UL https://pm-research.com/content/14/2/44.abstract
AB Developed here are specific strategies for rebalancing value in all-equity portfolios. The formalized rebalancing rules are classified according to the constant-proportion, buy-and-hold, and inverse-proportion strategies. Empirical analysis of model portfolios that implement these rebalancing rules illustrates the general characteristics of each approach and demonstrates how each rule would have performed in recent years. Practitioners can better understand the implications of a chosen style and how it might perform under various market conditions.