TY - JOUR T1 - A More Efficient Frontier JF - The Journal of Index Investing SP - 66 LP - 70 DO - 10.3905/jii.2011.2.1.066 VL - 2 IS - 1 AU - Craig L. Israelsen Y1 - 2011/05/31 UR - https://pm-research.com/content/2/1/66.abstract N2 - By combining more asset classes, the slope of the classic efficient frontier steepens considerably—which is good news for investors desiring better risk-adjusted performance. Rather than evaluating a portfolio that simply contains various combinations of cash and large U.S. stocks, a multiple asset portfolio is evaluated in lieu of large U.S. stocks. When substituting a multi-asset portfolio in place of U.S. large stocks, the efficient frontier is significantly steeper, indicating superior risk/return characteristics.TOPICS: Portfolio construction, portfolio theory, wealth management ER -