Abstract
For 50 years, the time diversification debate has sought to understand the essential relationship between risk and investment horizon with little resolution. The answer seems to depend in part on how one views risk. This paper seeks to show that while the time diversification puzzle remains unsolved, the debate itself provides timely food for thought for trustees in setting fund investment policy and for designing defaults, in particular.
| Original language | English |
|---|---|
| Pages (from-to) | 51-55 |
| Number of pages | 5 |
| Journal | JASSA |
| Volume | 2013 |
| Issue number | 1 |
| Publication status | Published - 2013 |
| Externally published | Yes |
Keywords
- Investment horizon
- Risk
- Time diversification