The benefits of international diversification have been recognized for decades. In spite of this, most investors hold … portfolio holdings of investors in the U.S., Japan, and Britain. More than 98% of the equity portfolio of Japanese investors is … domestic equity market to be several hundred basis points higher than returns in other markets. This lack of diversification …

The study addresses the benefits of a unified stock market in terms of diversification risk for the eight CEE stock …-2019. Portfolio diversification techniques were used to identify risk linked with the eight Central Eastern European stock markets …. The results show that the stock market with the lowest diversification risk was the Bulgarian Stock Exchange, followed by …

diversification strategy; they are computed on the assumption that, with respect to the inputs to the portfolio decision, investors … diversification can be achieved in practice. The results obtained point overwhelmingly to the inadvisability of relying on historical … gains attained in ex-post analyses of diversification …

The benefits of international diversification have been recognized for decades. In spite of this, most investors hold … portfolio holdings of investors in the U.S., Japan, and Britain. More than 98% of the equity portfolio of Japanese investors is … domestic equity market to be several hundred basis points higher than returns in other markets. This lack of diversification …