Kroencke, Tim Alexander; Schindler, Felix; Schrimpf, Andreas - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2011
This paper provides a comprehensive analysis of portfolio choice with popular foreign exchange (FX) investment styles …). These results prevail for the most important investment styles after accounting for transaction costs due to re-balancing of … but we also show that international portfolios augmented by FX investment styles are superior in terms of second and third …