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VAN KAMPEN FOCUS PORTFOLIOS MUNICIPAL SERIES 340 Form

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VAN KAMPEN FOCUS PORTFOLIOS MUNICIPAL SERIES 340 Form

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each of us here this evening will make many decisions in our lives my thesis is on portfolio construction how we use Market information to invest a portfolio across Financial assets this is simply another decision and what's important is the process the two important aspects to any decision-making process the framework we use for making the decision and the information we incorporate let's look at the Frameworks first historically portfolio construction decisions have been based on a collection of what we call single timeframe decisions at any point in time we account for the market information we determine the optimal portfolio and at the end of that interval we apply the same process again and then again this all started to change in 196 9 when my pinup Heroes Nobel laurates Robert murden and Paul Samson developed what's known as a multi-period portfolio construction framework this framework is quite similar except that in making our present decision we we acc

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