Asset allocation has long been viewed as a safe bet for reducing risk in a portfolio. Asset
allocators strive to buy when prices are low and sell when prices rise. Tactical asset …

In this paper, we consider optimal market timing strategies under transaction costs. We
assume that the asset's return follows an auto-regressive model and use long-term …

Evaluating the performance of mutual fund managers is a topic of considerable interest to
practitioners and academics alike. Based on previous research and our recent study, mutual …

Market timing is a popular active investment strategy that promises to beat the market.
However, the evidence on the ability of timers to outperform the market is mixed. This paper …

Mutual fund investments continue to remain a robust and integral part of the US household
investment portfolios. Despite numerous methodological studies, many areas are still …

This paper examines the bias in and usefulness of top-down and bottom-up consensus
forecasts of earnings per share for the S&P 500 Index provided by market strategists and …

We present empirical results on the statistical and economic viability of a market timing and
trading strategy that is based on a pairwise rotation between two risky assets. Using data on …

El presente trabajo investiga la posibilidad de batir al mercado de renta variable. Para ello
se diseña una estrategia de inversión mediante la metodología Top-Down. En ella se …

Adoption of technology to achieve environmental stewardship and stay competitive is a high
priority among greenhouse businesses. Zero runoff subirrigation (ZRS) technology has great …

Beyond the single period Modern Portfolio Theory (Markowitz, 1955), the seminal work by
Robert C. Merton (1969) solved elegantly a multi-period (finite time horizon) continuous …