Method of portfolio management, whereby a style (active/passive), an investment set (eg small caps) and all sorts of constraints (such as the minimum/maximum amount of liquid assets in the portfolio, whether or not derivative instruments shall be used etc.) are defined.
a formal statement outlining the broad investment objectives of a plan.
A document that formalizes an institution's guidelines for investment and asset management. An investment policy typically will contain goals and objectives; core and specialty investment criteria and methodology; and guidelines for asset management, investment advisory contracting, fees and utilization of consultants and other outside professionals.
(Politique de placement) Sum of the principles, information, objectives and guidelines used to determine a portfolio's performance objective and its level of risk tolerance, to monitor and make it possible to assess its management, and to facilitate the follow-up of the management process.
A written document which establishes a clear understanding of the investment objectives of an account and to serve as a guideline for the investment manager. Lehman Brothers Gov't./Corp. Intermediate Index: Includes all bonds covered by the Lehman Brothers Gov't/Corp. Bond Index with maturities up to ten years. Total return includes income and appreciation/depreciation as a percentage of original investment. Index is rebalanced monthly by market capitalization. (Average maturity may vary over time.)