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Opublikowane: gru 19, 2025
Słowa kluczowe:
investment portfolio management , portfolio efficiency , model portfolios , performance attribution and persistenc, inwestowanie czynnikowe, Stopy zwrotu skorygowane o ryzyko

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Piotr Wiśniewski
SGH Warsaw School of Economics

Abstrakt

This comprehensive study analyzes eight widely followed model portfolios through multiple prisms: theoretical foundations, empirical performance, implementation costs, economic efficiency, and adaptability across market environments. Using both historical and simulated data from January 1, 2005 to May 9, 2025, the paper examines the Ferri Core Four, Bernstein No Brainer, Dalio All Seasons, Browne Permanent, Swensen Yale, Faber Global, Schultheis Coffeehouse, and Burns Couch Potato portfolios. The findings suggest that portfolio success depends on theoretical efficiency, practical implementation considerations, liquidity and tax management, and adaptability to various market conditions. The results demonstrate that while each portfolio has its merit, their relative performance varies significantly across market regimes, highlighting the importance of matching portfolio selection with predefined investor objectives and constraints. This implies an effective and continued dialogue between the portfolio manager and the client.

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Jak cytować
Wiśniewski, P. (2025). english. Journal of Management and Financial Sciences, (58), 89–105. Pobrano z https://econjournals.sgh.waw.pl/JMFS/article/view/4901
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Nr 58 (2025): Journal of Management and Financial Sciences
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Utwór dostępny jest na licencji Creative Commons Uznanie autorstwa 4.0 Międzynarodowe.

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