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2021 | OriginalPaper | Buchkapitel

13. Asset Management and Robo-Advisors

verfasst von : Teruo Nakatsuma

Erschienen in: The Economics of Fintech

Verlag: Springer Singapore

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Excerpt

Thanks to medical advances, Japan’s average life expectancy has continued to increase, giving rise to the mantra “era of 100-year lifespans.” This has prompted discussions on increasing the retirement age, but the reality is that people cannot continue to work until the day they die. Our intellects and physical strength have their limits, and we are all forced into a life of retirement on a pension at some point or the other. Meanwhile, thanks to declining birth rates, the working population, which contributes to pension funds, continues to shrink. Under such circumstances, it becomes necessary to get an early start on making one’s own financial arrangements for retirement in order to feel confident about the future. …

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Fußnoten
1
For details, please see Ikeda (2000) and Nakatsuma (2018).
 
2
This is the classic approach to portfolio selection, proposed by Markowitz (1952, 1959), and is also known as the Markowitz model.
 
3
Please see McNeil, Frey and Embrechts (2015) and others for a more detailed discussion of various types of risk indicators.
 
Literatur
Zurück zum Zitat Hibiki N (2001) Financial engineering and optimization (in Japanese). Asakura Publishing Co., Ltd Hibiki N (2001) Financial engineering and optimization (in Japanese). Asakura Publishing Co., Ltd
Zurück zum Zitat Ikeda M (2000) Basic monetary economics (in Japanese). Asakura Publishing Co., Ltd Ikeda M (2000) Basic monetary economics (in Japanese). Asakura Publishing Co., Ltd
Zurück zum Zitat Markowitz H (1952) Portfolio selection. J Finance 7:77–91 Markowitz H (1952) Portfolio selection. J Finance 7:77–91
Zurück zum Zitat Markowitz H (1959) Portfolio selection: efficient diversification of investments, Wiley Markowitz H (1959) Portfolio selection: efficient diversification of investments, Wiley
Zurück zum Zitat McNeil AJ, Frey R, Embrechts P (2015) Quantitative risk management: concepts. Revised Edition, Princeton University Press, Techniques and Tools McNeil AJ, Frey R, Embrechts P (2015) Quantitative risk management: concepts. Revised Edition, Princeton University Press, Techniques and Tools
Zurück zum Zitat Nakatsuma T (2018) Introduction to finance using Python (in Japanese). Asakura Publishing Co., Ltd Nakatsuma T (2018) Introduction to finance using Python (in Japanese). Asakura Publishing Co., Ltd
Metadaten
Titel
Asset Management and Robo-Advisors
verfasst von
Teruo Nakatsuma
Copyright-Jahr
2021
Verlag
Springer Singapore
DOI
https://doi.org/10.1007/978-981-33-4913-1_13