multiple strategies offers sizable diversification benefits. Our rule leverages these benefits and compares favorably to eleven …

Oil is perceived as a good diversification tool for stock markets. To fully understand this potential, we propose a new … to competing models. Employing a recently proposed conditional diversification benefits measure that considers higher …-order moments and nonlinear dependence from tail events, we document decreasing benefits from diversification over the past ten …

portfolios with lower risk, less extreme asset allocations, and higher diversification across asset classes. Sensitivity analyses …

This paper explores international diversification benefits of Islamic bonds (sukuk) by examining dynamic spillovers and … portfolios. We observe that Islamic bonds can provide valuable diversification benefits for conventional stock portfolios that …

unique dataset for a representative set of countries and ask why banks leave diversification opportunities unexploited in …

In this paper, we study the international and sectoral diversification potential in realestate portfolios. Building on … statistical test to compare country-leveland sector-level diversification potential. This new diversification test provides … for real estate investments broadly reveal that international diversificationdominates sectoral diversification …

The benefits of country diversification are well-established. This article shows that the same benefits extend to …. Like major asset classes, diversification benefits may not been uniform across regions, and factor portfolios of different …