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Some fund companies, including the Vanguard Group, divide a single fund portfolio among several outside managers.
Asset allocation is an investment policy -- how to divide a portfolio among investment classes like stocks, bonds, money markets and gold.
It is far more important, they say, how you divide your portfolio among stocks, bonds and other categories than how you invest within them.
"The size and dollar value for this transaction is unprecedented, as was the significant interest in the portfolio among major companies around the world," said George Riedel, chief strategy officer and president of business units at Nortel.
The Softbank group lost its exclusive rights to bid on the bank last week when it missed a deadline for reaching an agreement because it insisted on hiring its own accountants to assess the bank's portfolio, among other demands.
"These transactions are significant steps in the transformation of our company's asset base to a more balanced portfolio among oil, natural gas liquids and natural gas resources and production".
Similar(45)
She does not tell people where to invest but sets out some basic principles — like how to balance portfolios among bonds and stocks.
The deal means Israel's government is now dominated by far-right and nationalist politicians in key positions including the education, defence, culture and justice portfolios, among others.
After Ms. Ashton's nomination to the foreign affairs job last week, José Manuel Barroso, the European Commission president, was considering how to allocate the rest of the portfolios among his team.
That freedom has been a selling point, which the industry says was intended to permit investors to adjust their portfolios among, typically, 30 or so stock and bond funds without extra cost or taxes.
Dr. Lucinda H. Gedeon, director of the Neuberger Museum of Art in Purchase, said that the stock market and shrinking portfolios among the Neuberger's donor base have been far worse for fund-raising this spring than the aftershocks of the terror attacks, but pointed out that it is hard to separate the two.
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