The observed patterns of equity portfolio allocation around the world are at odds with predictions from a capital asset pricing model (CAPM). What has come to be called the “home-bias” phenomenon is that investors tend to hold a disproportionately large share of their equity portfolio in...

The observed patterns of equity portfolio allocation around the world are at odds with predictions from a capital asset pricing model (CAPM). What has come to be called the "home-bias" phenomenon is that investors tend to hold a disproportionately large share of their equity portfolio in home...

The observed patterns of equity portfolio allocation around the world are at odds with predictions from a capital asset pricing model (CAPM). What has come to be called the quot;home-biasquot; phenomenon is that investors tend to hold a disproportionately large share of their equity portfolio in...