Asset Class Investing
Asset class investing involves the construction of portfolios that reliably deliver the return of a specific asset class - a group of securities that share common risk and return characteristics. An investor constructs this portfolio by purchasing all or a sample of, the securities within the asset category. No subjective forecasting of the market or economic conditions is involved, and no attempt is made to distinguish between undervalued or overvalued securities. Securities are considered for purchase when they meet the asset class parameters defined by the investment manager; they are considered for sale when they do not.
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