Economy, asked by Aakrit6433, 1 year ago

Concept of modern portfolio theory

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Answered by supriyagalanki1
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Modern Portfolio Theory - MPT

REVIEWED BY JAMES CHEN

 

 Updated May 30, 2018

What is Modern Portfolio Theory - MPT

Modern portfolio theory (MPT) is a theory on how risk-averse investors can construct portfolios to optimize or maximize expected return based on a given level of market risk, emphasizing that risk is an inherent part of higher reward. According to the theory, it's possible to construct an "efficient frontier" of optimal portfolios offering the maximum possible expected return for a given level of risk. This theory was pioneered by Harry Markowitz in his paper "Portfolio Selection," published in 1952 by the Journal of Finance.

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