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LITERATURE REVIEW

Portfolio management is typically associated with financial assets. Besides finance, other fields such as NPD, R&D, and MIS have used portfolio management concepts. This section summarizes relevant research.

Financial portfolio Management

Portfolio management in finance (Reilly & Brown, 2002) deals with managing a variety of asset classes (such as stocks, bonds, cash) in order to maximize return for some specified period of time, while attempting to minimize risk. Each asset class can contain a variety of subclasses. These include different types of stocks (small-cap, mid-cap, international, and so on) and different types of bonds (domestic, international, junk, short-term, long-term, inflation adjusted, and so on). These asset classes vary in terms of their risk-return characteristics, as well as liquidity. Risk-return characteristics of portfolios are different from those of individual stocks, and are influenced by the degree of correlation between assets in the portfolio.


  

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