ALLOCATION TO THEMATIC INVESTMENTS: A NEW APPROACH TO PORTFOLIO CONSTRUCTION
Journal: Scientific Works of the Free Economic Society of Russia
Year: 2024

The article discusses the concept of thematic investment in asset allocation as an additional investment dimension that goes beyond asset classes, regions, sectors and styles, and suggests a structure for the distribution of thematic investments at the strategic level of asset allocation. The approach uses a structure based on reliable portfolio optimization, which takes into account the expected excess return from the impact of the topic and from exposure to traditional risk factors, and provid