crisis by evaluating the potential benefits of international diversification in the search for ‘safe havens’. We use stock … Colombia we speculate that this reveals the impact on world financial markets of the demand for cocaine. …

documented that diversification among risky assets in a particular country leads to risk reduction, but the potential gains are … limited due to high correlations within an economy. Therefore, international portfolio diversification, primarily in stocks … contracts to the international dimension. The findings lend support to the arguments in favor of international diversification …

diversification using mean-variance and higher-moments frameworks and tests their significance across a broad spectrum of stocks in 63 … and frontier-market indexes yield higher benefits. Finally, diversification benefits existed during the 2000-2003 and 2007 …

international diversification. Our approach is motivated by the increasing evidence that size (SMB), book-to-market (HML), and … factor diversification are significant for both in- and out-of-sample periods, and for a realistic range of additional …

diversification benefits across industries and countries. We document a substantial increase in the number and the market value of … stocks in host countries allows domestic investors to increase their international diversification from home by investing in … investments offers an effective substitute for international diversification, and significantly contributes towards increasing the …

, most previous analysis has focused on regional diversification by applying the traditional mean-variance (MV) framework …

This paper examines the diversification benefits of iShares in comparison to closed-end country funds (CECFs) and … diversification gains than their rivals. The main findings are: first, although all of these financial instruments exhibit significant … exposure to U.S. market, they retain significant exposure to their home markets and provide important diversification benefits …

The evidence for international diversification as a means to curtail portfolio risk relies predominantly on short … international diversification to be attenuated. Increasing long-run correlation is modeled as a function of short-run data …

asset class and geographic diversification of investment risk in an increasingly flat world …We estimate trends in diversification for equity, debt, and real estate within and across countries. After 2000, we … uncover a marked and near ubiquitous decline in diversification, which coincides with sharply higher levels of investment risk …

benefits from international diversification may enjoy investing marginally in cryptocurrencies: mean-variance optimal and naive … global perspectives (all returns in U.S. Dollars). We also find that cryptocurrencies' diversification benefits occur both …