作者：Michael Lewis and etc 资源类别：报告 资源格式: PDF 70 Pages 英 598KB 目录: Introduction ..............................................................................................................3 Executive Summary...................................................................................................4 Hot Commodities ......................................................................................................7 The History and Development of Commodity Exchanges..............................................11 Convenience Yield, Term Structures and Volatility Across Commodity Markets ...............18 Commodity Indexes for Real Return and Efficient Diversification ...................................24 Commodities as an Asset Class: Testing for Mean Variance Spanning under Arbitrary Constraints ................................................................................................35 Collateralized Commodity Futures: Good Portfolio Diversification and the Prospect of Equity-Like Returns..............................................................................................43 Commodities: The Orthogonal Asset Class .................................................................50 Commodity Allocation from a Private Client Perspective...............................................56 Commodities as a Strategic Investment for PGGM ......................................................60 Appendix................................................................................................................67 Glossary.................................................................................................................68 Commodity Allocation from a Private Client Perspective...............................................56 Commodities as a Strategic Investment for PGGM ......................................................60 Appendix................................................................................................................67 |