Huang (2008) and show that a portfolio consisting of lottery-like stocks should trade at a discount due to diversification …

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 …

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 …

This paper proposes a new formulation of the maximum diversification indexation strategy based on Rao's Quadratic … Entropy. It clarifies the investment problem underlying this diversification strategy, identifies the source of its out …

the first application of stable distributions to real estate portfolio returns provides evidence that diversification … diversification effects in property portfolios, and only to a certain time-dependent extent. The results have strong implications for …

In this paper, we re-examine investors' diversification attitude in the mean-variance model from the perspective of … Markowitz (1952)'s principle of diversification. Our analysis is based on the diversification returns, the specific Markowitz … (1952)'s principle of diversification measure in the mean-variance model. We show, regardless of whether or not the risk …

portfolio's diversification across the given sector. We employed regression analysis to analyze diversification across each ETF …

Funds of hedge funds are diversified investment vehicles that provide investors with diversification either across …