Guidolin, Massimo (contributor); … - 2005
bonds — is a key determinant of their portfolio performance. Asset allocation decisions can only
be made in the context of a …-of-sample performance of alternative asset allocation
schemes based on different models for the return distribution. This section also shows … our
application, but also is a key determinant of the portfolio weights and (out-of-sample) return performance.
Section 8 …