As a fund manager, you are asked to invest in global assets such that the portfolio will outperform the inflation rate in Hong Kong (consider a floor of 3%), which is high relative to the rest of the world.

To build your portfolio, you will consider a Strategic Asset Allocation (mean-variance) framework, which maximises the portfolio Sharpe ratio subject to certain constraints.

So:

-Your portfolio starts with USD 100,000

-You can invest in around 5-10 US assets (stock/bonds/ETFs),

-Your portfolio will be sold as a managed investment fund across different asset classes

-Your portfolio can combine long and short investment strategies

-Your risk free asset is the 10year US Treasury

-The data frequency monthly

-Consider 5-10 year of data for your analysis