Press release
T. Rowe Price's Sébastien Page Offers Asset Allocation Insights In New Book
"Beyond Diversification: What Every Investor Needs to Know About Asset Allocation" offers a framework for helping investors pursue better investment outcomes.
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"\"Beyond Diversification: What Every Investor Needs to Know About Asset Allocation\" offers a framework for helping investors pursue better investment outcomes.\n\n\nBALTIMORE, Nov. 9, 2020 /PRNewswire/ -- T. Rowe Price announced today that Sébastien Page, head of the firm's Multi-Asset Division, has authored a new book on asset allocation titled \"Beyond Diversification: What Every Investor Needs to Know About Asset Allocation\". The book is to be published tomorrow, November 10, 2020, by McGraw-Hill.\n\"Beyond Diversification\" draws on Sébastien's 22 years of experience in investment research, analysis from more than 200 academic articles, insights from several of his colleagues at T. Rowe Price, and practical lessons passed down by his father, a renowned finance professor. \n\"Sébastien is an original thinker with an insatiable intellectual curiosity,\" said Rob Sharps, head of Investments and group chief investment officer at T. Rowe Price. \"As an expert on multi-asset investing, his work is grounded in a durable, rigorous process of investment research and thoughtful, disciplined analysis. Investors and financial advisors would be well served to hear what he has to say on asset allocation, which has such a significant impact on investment results.\"\nAccording to Sébastien, \"Asset allocation is one of the most important decisions an investor can make that will determine whether they meet their investing goals. The pursuit of delivering better outcomes for investors is one of my greatest passions and what first brought me to the field of investment management. It is also what has inspired me to focus on multi-asset investing—which I believe is a cornerstone of successful investing—and to write this book.\"\nIn \"Beyond Diversification,\" Sébastien shares how he learned to become a better investor along with his three pillars of successful asset allocation: return forecasting, risk forecasting, and portfolio construction. Among its many topics, the book discusses how correlations among asset classes tend to behave in extreme markets, how low interest rates have rendered the benefits of investing in bonds too small to have a meaningful impact on retirement savings by themselves, and how investors' goals and risk tolerances should guide their stock/bond mix. \nProceeds from sales of the book will be donated to the T. Rowe Pr...