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The changing role of emerging and frontier markets in global portfolio diversification
Pätäri, Eero; Ahmed, Sheraz; John, Elena; Karell, Ville - In: Cogent economics & finance 7 (2019) 1, pp. 1-23
frontier markets in global equity portfolio diversification is clearly less examined. We contribute to the existing literature …
Persistent link: https://www.econbiz.de/10014233132
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Benchmark-Driven Investments in Emerging Market Bond Markets : Taking Stock
Arslanalp, Serkan; Drakopoulos, Dimitris; Goel, Rohit; … - 2021
This paper reviews the role of benchmark-driven investments in EM local bond markets. We provide an overview of how key EM bond benchmark indices are constructed, how they affect the behavior of investment funds, and what are the likely implications for capital flows and policy-making. Several...
Persistent link: https://www.econbiz.de/10013315100
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Performance and diversification benefits of foreign-equity ETFs in emerging markets
Thanarerk Thanakijsombat; Kongtoranin, Treerapot - In: Applied economics letters 25 (2018) 2, pp. 125-129
Persistent link: https://www.econbiz.de/10011853721
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How Etfs Amplify the Global Financial Cycle in Emerging Markets
Converse, Nathan; Levy-Yeyati, Eduardo Levy; Williams, Tomas - 2020
This paper examines how the growth of exchange-traded funds (ETFs) has affected the sensitivity of international capital flows to global financial conditions. Using data on individual emerging market funds worldwide, we employ a novel identification strategy that controls for unobservable...
Persistent link: https://www.econbiz.de/10014352295
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A Regulatory Framework for Exchange-Traded Funds
Hu, Henry T. C. - 2018
Persistent link: https://www.econbiz.de/10012925355
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The effect of possible EU diversification requirements on the risk of banks' sovereign bond portfolios
Craig, Ben R.; Giuzio, Margherita; Paterlini, Sandra - 2020
Recent policy discussion includes the introduction of diversification requirements for sovereign bond portfolios of … European banks. In this paper, we evaluate the possible effects of these constraints on risk and diversification in the … analysis. We then analyse the risk and diversification in the sovereign bond portfolios of the largest European banks and …
Persistent link: https://www.econbiz.de/10012197781
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The effect of possible EU diversification requirements on the risk of banks' sovereign bond portfolios
Craig, Ben R.; Giuzio, Margherita; Paterlini, Sandra - 2019
Recent policy discussion includes the introduction of diversification requirements for sovereign bond portfolios of … European banks. In this paper, we evaluate the possible effects of these constraints on risk and diversification in the … analysis. We then analyze the risk and diversification in the sovereign bond portfolios of the largest European banks and …
Persistent link: https://www.econbiz.de/10011992507
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The First Global Emerging Markets Investor : Foreign & Colonial Investment Trust 1880-1913
Esteves, Rui - 2013
The Foreign and Colonial Investment Trust is the oldest surviving closed end fund, having been established in 1868. Its early success and emulation were related to its identification of a missing market - the provision of a wholesale diversified vehicle for the investing public. This paper is a...
Persistent link: https://www.econbiz.de/10013091332
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Central Bank Reserve Management and International Financial Stability-Some Post-Crisis Reflections
Jones, Bradley - 2018
Motivated by the tension first revealed during the global financial crisis between thedomestic and international financial stability obligations of central bank reserve managers,this paper offers some reflections along four main lines. First, the paper highlights howofficial reserve management...
Persistent link: https://www.econbiz.de/10012924272
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Do mutual funds outperform during recessions? : international (counter-) evidence
Fink, Christopher; Raatz, Katharina; Weigert, Florian - 2014 - This draft: September 28, 2014
Recent academic research predicts that (i) equity mutual funds have a systematically better performance during periods of economic downturn and (ii) investors are willing to pay high fees for funds that provide recession insurance. In this paper, we test these hypotheses using international fund...
Persistent link: https://www.econbiz.de/10010410729