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diversification of European investors? This is an empirical question that this paper tries to answer by exploring four alternative …
Persistent link: https://www.econbiz.de/10005858760
Seit Begründung der modernen Portfoliotheorie ist bekannt, daß die Portfoliovolatilität im Fall niedriger Korrelationen zwischen den Anlageklassen bei sonst gleich bleibenden Parametern ohne Renditeeinbuße reduziert wird...
Persistent link: https://www.econbiz.de/10005856981
and numerical methods, we obtain answers concerning capital allocation, network stability, risk figures, and diversification …
Persistent link: https://www.econbiz.de/10005858319
that financial development has important consequences for efficiency and specialization (or diversification) of investments …
Persistent link: https://www.econbiz.de/10005858336
the decision becomes less relevant. Therefore, trend derivatives offer some time diversification benefits. We show how …
Persistent link: https://www.econbiz.de/10005858740
This note shows that an investor who does not hold positive amounts of all available assets is eventually overtaken by a completely diversified rival investor.
Persistent link: https://www.econbiz.de/10005858925
investigated. I find a deteriorating overall market credit quality that comes along with a regressive international diversification …
Persistent link: https://www.econbiz.de/10005858996
This paper investigates the relative influences of industrial and country factors in international stock returns. Until very recently, academic research has consistently found that country factors dominate industrial factors. This result is in contradiction with practitioners beliefs. This paper...
Persistent link: https://www.econbiz.de/10005859102
o obtain the maximum benefits from diversification, financial theory suggests that investors should invest …
Persistent link: https://www.econbiz.de/10005859126
The surge in international asset trade since the early 1990s has lead to renewed interest in models with international portfolio choice, an aspect that was largely cast aside when the ad-hoc portfolio balance models of the 1970s were replaced bymodels of optimizing agents. We develop the...
Persistent link: https://www.econbiz.de/10005857750