Uniform Prudent Investor Act

The Uniform Prudent Investor Act (UPIA), which was adopted in 1992 by the American Law Institute's Third Restatement of the Law of Trusts ("Restatement of Trust 3d"), reflects a "modern portfolio theory" and "total return" approach to the exercise of fiduciary investment discretion. == Approach == This approach allows fiduciaries to utilize modern portfolio theory to guide investment decisions and requires risk versus return analysis.

Source: Wikipedia — Uniform Prudent Investor Act (CC BY-SA 4.0)