风险资产与无风险资产组合的资本配置 Allocating Capital Between Risky Risk Free Assets The most straightforward way to control the risk of the portfolio is through the fraction of the portfolio invested in Treasury bills and other safe money market securities versus risky assets. This capital allocation decision is an example ot an asset allocation choIce-a choice among broad investment classes, rather than among the specific securities within each asset class Most investment professionals consider asset allocation the most important part of portfolio construction７-4 The most straightforward way to control the risk of the portfolio is through the fraction of the portfolio invested in Treasury bills and other safe money market securities versus risky assets. This capital allocation decision is an example of an asset allocation choice — a choice among broad investment classes, rather than among the specific securities within each asset class. Most investment professionals consider asset allocation the most important part of portfolio construction. 风险资产与无风险资产组合的资本配置 Allocating Capital Between Risky& Risk Free Assets