A Personalized Mean-CVaR Portfolio Optimization Model for Individual Investment

Table 10

Optimal investment portfolios for different types of investors.

Risk level	China Bonds 0303	Apple	Suning	CNPC	EEM	SPY	CVaR	Expected return (%)
A	0.1507	0.2900	0.0076	0.0751	0.0841	0.3925	0.0118	0.0384
MA	0.2199	0.1008	0.0020	0.0208	0.0429	0.6139	0.0089	0.0282
M	0.337059	0.111509	0.020635	0.042033	0.131539	0.357224	0.0084	0.0203
MC	0.358343	0.076387	0.011917	0.031563	0.140451	0.381338	0.0075	0.0163
C	0.465209	0.044384	0.007992	0.024621	0.056185	0.401609	0.0061	0.0111