What are the Key Components of Investment Management?
Several key components are integral to effective investment management:
Asset Allocation: This involves distributing investments across various asset classes like stocks, bonds, and real estate to balance risk and return. Security Selection: Choosing specific securities within each asset class to achieve the desired portfolio performance. Risk Management: Identifying, assessing, and mitigating risks associated with investments. Performance Measurement: Continuously monitoring and evaluating the performance of investments against benchmarks.