Prayag, Chandan; Toit, David du; Kenmuir, Kristin; … - In: The African Finance Journal 12 (2010) Conference Issue, pp. 75-97
This study investigates the impact of including frontier market equities in a diversified equity portfolio consisting of emerging and developed markets equities. It is found that while emerging market equity indices have been highly correlated with those of developed markets, correlations...