Investment Analysis and Portfolio Management

This document discusses the risk and return characteristics of five different asset classes, including Australian shares, Australian bonds, US shares, US Fed funds rate, and Brent oil. It analyzes their arithmetic mean, geometric mean, standard deviation, and variance. It also constructs an efficient portfolio and discusses the implications of the efficient frontier and capital allocation line. The document provides insights into the risk and return profiles of each asset class and their potential for portfolio diversification.