“Research has shown that using a well-thought out portfolio rebalancing process can enhance portfolio performance. The level of performance enhancement is comparable to allocating an additional 10% to 15% to equities. This performance benefit occurs without incurring the risk associated with a higher equity exposure.”
Breaking Through The Efficient Frontier With Portfolio Rebalancing, by Doug McCalla, Investment OfficerSan DiegoCity Employees’ Retirement System. Presented at the CaliforniaState Association of CountyRetirement Systems’ 1996 Spring Conference.
