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The Investment Assets Handbook: A definitive practical guide to asset classes by Yoram Lustig

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Chapter 1: Global Equities

Global equities are the core investment in most portfolios. Equities are the basic fundamental risk or growth asset, exposing portfolios to the equity risk factor and consequently to the equity risk premium (ERP). Equities are therefore the most common risk asset in portfolios and as the risk level of portfolios increases, so does the allocation to equities. The main role of equities in portfolios is delivering long-term growth (i.e. capital appreciation).

What are equities?

Equity, or stock, represents ownership of shares in publicly [14] traded companies and offers participation in the commercial and financial fortunes of businesses, including their profits (earnings), dividends and the potential growth in ...

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