Asset Allocation with Black-Litterman in a case study of Robo Advisor Betterment
- The Black-Litterman model extends the framework of modern portfolio theory by allowing portfolio managers to include their views in the optimization process. The study tries to repro-duce elements of Betterment’s approach to Black-Litterman in asset allocation. The case of Betterment is used to illustrate the strengths and weaknesses of the application of Black-Litterman in the asset allocation process of innovative Robo Advisory platforms as well as to analyze the risk assessment and the ETF selection processes for the investor.
Download full text files
Additional Services
| Author: | Matthias Fischer, Daniel Pirner |
|---|---|
| URN: | urn:nbn:de:bvb:92-opus4-50546 |
| DOI: | https://doi.org/10.34646/thn/ohmdok-5054 |
| ISSN: | 2364-9437 |
| Parent Title (German): | Financial research note |
| Publisher: | Technische Hochschule, Fakultät Betriebswirtschaft |
| Place of publication: | Nürnberg |
| Document Type: | Article |
| Language: | English |
| Date of first Publication: | 2018/08/03 |
| Publishing Institution: | Technische Hochschule Nürnberg Georg Simon Ohm |
| Release Date: | 2026/07/07 |
| Tag: | Wirtschaft, Finanzen, Asset Allocation, Performance |
| Volume: | 4 |
| Pagenumber: | 1-24 |
| institutes: | Fakultät Betriebswirtschaft |
| Kompetenzzentrum Finanzen |
