Hamelink, Foort; Harasty, Helene; Hillion, Pierre - 2001
-integrating financial markets has led many financial insti-
tutions to reconsider their investment process. From fundamental analysis to … achieved
based on active country allocation.
1 Introduction
Evidence of ever-integrating financial markets has led many … foreign investment, not the other who therefore
risks an unexpected currency movement. We refer to these two series of returns …