The fully revised classic on employing asset allocation techniques to grow real
wealth
A global leader and preeminent expert in asset allocation, David Darst delivers his
masterwork on the topic. In a fully updated and expanded second edition of The Art of
Asset Allocation, Morgan Stanley's Chief Investment Strategist covers the historic market
events, instruments, asset classes, and economic forces that investors need to be aware of
as they create asset-building portfolios. He then explains how to use modern asset
allocation concepts and tools to augment returns and control risks in a wide range of
financial market environments. This completely revised edition shows how to achieve asset
balance with the author's proven methods, decades of expertise, relevant charts, practical
tools, and astute analyses.
Known as the king of asset allocation, Darst brings his expertise to bear to provide
complete asset class descriptions, identifying historical risk, return, and correlation
characteristics for all major asset classes. Using actual data, he explains the
differences between tactical and strategic asset allocation, outlines clear rebalancing
guidelines, and includes an annotated guide to both traditional and Internet-based
information sources.
David M. Darst is a Managing Director and the Chief Investment
Strategist for Morgan Stanley's Global Wealth Management division, as well as a CFA
charterholder and a member of the New York Society of Security Analysts. A highly
sought-after international speaker, Darst is the author of Mastering the Art of Asset
Allocation, The Complete Bond Book, and The Handbook of the Bond and Money Markets.
400 pages, Hardback
