Finance and Credit

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
LCCN Permalink
Google Scholar

Online available

Eastview
eLIBRARY.RU
Biblioclub

Home

Journals

Finance and Credit

8(440) - 2011 February

Conception and toolkit of the universal punctual approach to effective securities portfolio formation

Vol. 17, Iss. 8, FEBRUARY 2011

Available online: 16 February 2011

Subject Heading: Stock market

JEL Classification:

Lisitsa M.I. Doctor of Economics, Professor of Chair «The Finance and the Credit», Saint-Petersburg Academy of Management and Economy
lisitsa1974@mail.ru

Kazantsev S.V. post-graduate student of Chair «The Finance and the Credit», Saint-Petersburg Academy of Management and Economy, analyst of Investment Company «BFA», JSC
ksv8703@mail.ru

Simplicity and intuitive investors’ acceptance of the Efficient Sets Theorem have generated multiplicity of approaches to securities portfolio selection. One of these solutions is the method most frequently called like the portfolio choice model, developed by Prof. H. Markowitz. However, using designated model at volatile and falling markets leads to difficulties and errors under portfolio generating. We propose a unique approach in progress of the portfolio choice model, more flexible optimizing and allowing determining the best portfolio in compare with the portfolio choice model, the best under specified profile of risk and yield.

Keywords: securities, effective sets theorem, portfolio investments, risk, yield, the portfolio choice basic model, the modified version of the portfolio choice basic model, the universal punctual model of financial investment portfolio optimization - Li-Ka, highly diversified portfolio

View all articles of issue

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 4

April 2024