How did you estimate the expected return in a DAF vs. unconstrained?
Calculate the expected return of the investments based off a 7 year mean reversion (GMO) or 10 year mean reversion (Research Affiliates).
Cool! Does that mean you’re overweighting emerging markets?
How did you estimate the expected return in a DAF vs. unconstrained?
Calculate the expected return of the investments based off a 7 year mean reversion (GMO) or 10 year mean reversion (Research Affiliates).
Cool! Does that mean you’re overweighting emerging markets?