Sustainable asset accumulation and dynamic portfolio decisions

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This book delves into sustainable wealth formation and dynamic decision-making, particularly in light of the asset market collapse from 2007-2009, which left many funds vulnerable due to risky investments. Since 2010, the stock market has seen a long-term rise, resulting in asset price booms and uneven wealth distribution. The authors propose a comprehensive framework for asset management and wealth accumulation, focusing on how these strategies can mitigate income risk and secure sufficient risk-free income later in life while being socially and environmentally responsible. They explore behavioral and institutional decision-making rules that align with these guidelines, emphasizing the importance of dynamic decision-making and portfolio rebalancing. By introducing dynamic programming as a method for integrating sustainable wealth accumulation with asset allocation, the authors provide a thorough examination of asset accumulation and dynamic portfolio models. The book addresses the pressing issue of economic sustainability, employing advanced quantitative techniques to present undeniable facts. It aims to serve as a key reference for academic researchers and quantitatively skilled practitioners. The content challenges both groups, offering rigorous discussions for academics and innovative solutions for practitioners, with a focus on simplifying complex concepts for practical application.