Diễn Đàn Ngân Hàng

 It has often been said that portfolio management is not a science, but an
art. Certainly, the human factor manifesting in a portfolio manager’s ability
to create outperformance bears out this truism. Computer systems can pick
and run, to some extent, portfolios which will provide a return equal to an
index, but the possibilities of higher fund outperformance (and underperformance)
are presented by actively managed funds. With the more
actively managed funds, portfolio managers can demonstrate their
experience and expertise in picking assets, countries, sectors and companies
that will generate positive returns.
This book was written to provide an overview of the day-to-day aspects with
which a portfolio manager must be concerned. Theories and essential
calculations are covered, along with a practical description of what is
involved in managing portfolios. This book is not designed to focus on
portfolio management in either a bull or a bear market scenario. Whether
markets go up or down, the essential principles and methodologies of fund
management hold true. Portfolio management has become an established
means for managing investments, and is likely to continue gaining in
strength as a way for savers to invest over the next decades.