The Benefits of International Diversification
Author | : Mikko Elias Huumonen |
Publisher | : |
Total Pages | : 130 |
Release | : 1998 |
Genre | : Investments, Foreign |
ISBN | : |
Download The Benefits Of International Diversification full books in PDF, epub, and Kindle. Read online free The Benefits Of International Diversification ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author | : Mikko Elias Huumonen |
Publisher | : |
Total Pages | : 130 |
Release | : 1998 |
Genre | : Investments, Foreign |
ISBN | : |
Author | : Cara Julia O'Sullivan |
Publisher | : |
Total Pages | : 104 |
Release | : 2002 |
Genre | : Stock exchanges |
ISBN | : |
Author | : Warren Bernard Bailey |
Publisher | : |
Total Pages | : 16 |
Release | : 1990 |
Genre | : Investments, Foreign |
ISBN | : |
Author | : Lorne N. Switzer |
Publisher | : |
Total Pages | : 43 |
Release | : 2015 |
Genre | : |
ISBN | : |
This paper examines the benefits of international diversification for US investors, while accounting for market development, corporate governance, market cap effects, and structural change across countries over period August 1996-July 2013. Improved risk adjusted returns are obtained from a diversified portfolio consisting of a mix of developed and emerging countries. Additionally, we find that diversification benefits are not significant for most of the small-cap foreign assets when an investor already holds position in corresponding countries large-cap assets. Diversification benefits based on the governance effectiveness of a country's companies are not ubiquitous. We find that economically significant improvements in risk-return performance can be attained by adding large caps of developed countries with high and low overall Governance Metrics International (GMI) ratings and large and small caps of emerging countries with low overall GMI ratings to the investment universe containing the assets of common law developed countries. However, diversification benefits are economically significant only for large and small caps of low GMI emerging countries when short selling is not allowed.
Author | : Eva Liljeblom |
Publisher | : |
Total Pages | : 19 |
Release | : 1995 |
Genre | : Capital market |
ISBN | : 9789515554581 |