Raise your game when more challenging market conditions require it -- and invest with serenity -- through this eye-opening guide to portfolio management
Investing Amid Low Expected Returns: Making the Most When Markets Offer the Least helps investors resist complacency and enhance patience, providing a one-stop shop for successful investing when decades of market tailwinds are turning into headwinds.
Falling yields have boosted for a generation the realized returns of all assets, while bringing expected returns to record-low levels. After highlighting the low expected return challenge facing retirement savers and other investors, the book goes on to explore the key building blocks of earning long-run returns. It concludes by putting together the pieces through efficient portfolio construction, risk management, and cost control.
In this important book, readers will also find:

• The common investor responses so far to the low expected return challenge
• Extensive empirical evidence on the critical ingredients of an effective portfolio: major asset class premia, illiquidity premia, style premia, and alpha
• Discussions of the pros and cons of illiquid investments, factor investing, ESG investing, risk mitigation strategies, and market timing
• Coverage of the whole top-down investment process - throughout the book endorsing humility in tactical forecasting and boldness in diversification
• Emphasis on good investing practices such as discipline, humility, and patience

Ideal for institutional and active individual investors, Investing Amid Low Expected Returns is a timeless resource perfect for anyone involved with the investment markets.