PT  - JOURNAL ARTICLE
AU  - Jonathan D. Stewart
TI  - Rebalancing Equity Allocations
AID  - 10.3905/joi.2005.517174
DP  - 2005 May 31
TA  - The Journal of Investing
PG  - 44--55
VI  - 14
IP  - 2
4099  - https://pm-research.com/content/14/2/44.short
4100  - https://pm-research.com/content/14/2/44.full
AB  - Developed here are specific strategies for rebalancing value in all-equity portfolios. The formalized rebalancing rules are classified according to the constant-proportion, buy-and-hold, and inverse-proportion strategies. Empirical analysis of model portfolios that implement these rebalancing rules illustrates the general characteristics of each approach and demonstrates how each rule would have performed in recent years. Practitioners can better understand the implications of a chosen style and how it might perform under various market conditions.