effectiveness of put replication, gold, and oil on hedge equities in the ASEAN-5 (Indonesia, Malaysia, Singapore, Thailand, and the …-adjusted-performance such as Sharpe ratio, drawdown, and Omega ratio. The result reveals that gold is a cheaper hedge than oil and oil …-related portfolio should diversify to Philippine equity. From hedging effectiveness and risk-adjusted-performance perspectives, oil is …

We show that the statistical properties of gold are negatively correlated with equities and that including Gold in a … portfolio will provide diversification benefits. As there is no consensus on the proportion of gold that should be included in a …

inflation uncertainty among forecasters are both negatively related to gold. …This study adopts a copula wavelet approach to analyze dynamics of the gold price against bonds, stocks and exchange … rates based on disaggregation of the underlying relationships across different frequencies. We also examine whether gold …

There has been controversy between (two-country) theory and the empirics about whether hedging against real exchange … equities to hedge real exchange rate risk is negligible because multiple trade partners act as a hedging channel for real …