Dichtl, Hubert; Drobetz, Wolfgang; Wambach, Martin - In: Financial Markets and Portfolio Management 28 (2014) 3, pp. 209-231
This study compares the performance of different rebalancing strategies under realistic market conditions by reporting … and comprises three different classes of rebalancing (periodic, threshold, and range rebalancing). Despite cross …-country differences, our history-based simulation results show that all rebalancing strategies outperform a buy-and-hold strategy in terms …