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Benchmark-driven investment strategy is an investment strategy where the target return is usually linked to an index or combination of indices of the sector or any other like S&P 500.〔Chong, James, and G. Michael Phillips. "Low-(Economic) Volatility Investing."The Journal of Wealth Management 15.3 (2012): 75-85.〕 With the Benchmarks approach the investor chooses an index of the market (benchmark). The goal of the fund manager is to try to beat the index performance-wise. *The strategic asset allocation is usually delegated to the benchmark chosen〔Leibowitz, Martin L., Simon Emrich, and Anthony Bova. Modern Portfolio Management: Active Long/Short 130/30 Equity Strategies. Vol. 539. John Wiley & Sons, 2009.〕 *The asset managers stay concentrated to tactical asset allocation and fund (security) selection *No volatility control over time〔Blitz, David C., and P. van Vliet. The volatility effect: lower risk without lower return. No. ERS-2007-044-F&A. Erasmus Research Institute of Management (ERIM), 2007.〕 *Without volatility constraints over a long period the investor is expected to get higher returns == See also == * Liability-driven investment strategy 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Benchmark-driven investment strategy」の詳細全文を読む スポンサード リンク
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