This CIO Special looks at why market timing – in essence, “buying low” and “selling high” – is not a reliable source of investment returns over the longer term.

Subjects covered include:

  • Implications of the lack of perfect information on future asset class returns
  • Structural reasons why markets are unpredictable and wrong timing is expensive
  • Why it makes sense to focus on time diversification instead
     

The report argues the case for staying invested over the longer term – as it points out, the vast majority of a portfolio’s returns over time will come from effective SAA.

Download now

The CIO Special below is available to download. Please refer to the Important Information at the end of the memo for disclosures and risk warnings.

PDF

Language:

In Europe, Middle East and Africa as well as in Asia Pacific this material is considered marketing material, but this is not the case in the U.S. No assurance can be given that any forecast or target can be achieved. Forecasts are based on assumptions, estimates, opinions and hypothetical models which may prove to be incorrect. Past performance is not indicative of future returns. Investments come with risk. The value of an investment can fall as well as rise and you might not get back the amount originally invested at any point in time. Your capital may be at risk. 

You may also be interested in


The content and materials on this website may be considered Marketing Material. The market price of an investment can fall as well as rise and you might not get back the amount originally invested.  The products, services, information and/or materials contained within these web pages may not be available for residents of certain jurisdictions. Please consider the sales restrictions relating to the products or services in question for further information. Deutsche Bank does not give tax or legal advice; prospective investors should seek advice from their own tax advisers and/or lawyers before entering into any investment.

×