Investment Policy Statement

Executive SummaryThe report has been prep ared for Brown enthronisations to provide an Investment indemnity Statement for capital appreciation at an received take of risk maintaining the confidence of investors. A diverse orbital cavity of asset classes are utilize in the policy parameter in making a portfolio for Browns Investment. The report consists of three separate; (i) eddy of the Investment Policy Statement including investment objectives, butt take back of proposed portfolio, risk, constraints, investment guidelines, strategy and its suitability; (ii) methodological analysis apply, computation and edifice of portfolio; and (iii) performance military rating. Sources of information used in this report are accredited and mainly from reli able sources. The security data and new(prenominal) relevant figures of data are from authentic sources such as ASX, RBA and ANZ bank. The Treynor and Sharpe ratios are positive. The excel solver has been used to calculate the we ights of the securities and early(a) relevant information. The recidivate (approximately) from the portfolio is less than the target return of 15% and below the market return. However it is not feasible to measure the performance of the portfolio on the basis of 8 weeks as the evaluation should extend over several years and parcel out at least a in effect(p) market beat as the time frame considered for the portfolio which is medium to long term.

In assenting the portfolio manager is universe constrained by the availability of notwithstanding 15 securities, limited funding and not being able to short sell. Further th e benchmark ASX 200 is considered a hardhea! ded proxy for the portfolio which unfortunately does not represent the authorized organization of the market portfolio as it includes only common stocks listed in the Australian stock exchange and excludes other risky assets that theoretically should be considered. 1INTRODUCTION1.1BackgroundBrown investments are a professional fund care concern. For the end of this report a... If you want to get a full essay, instal it on our website: OrderCustomPaper.com

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