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investment in gold had an average weight, in four-element portfolios with a minimum risk, greater than 60%. Oil investment in the …In this article, optimal investment portfolios with minimal risk and maximum efficiency were calculated. The portfolios … those markets. All calculations were made based on company shares only, company shares and investments in gold, shares of …
Persistent link: https://www.econbiz.de/10014001491
robustness to investment analysis. Importantly, the framework presented provides several of the “missing links” in asset …
Persistent link: https://www.econbiz.de/10012961348
Persistent link: https://www.econbiz.de/10013034817
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2016. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find that returns of equity and other asset classes often underperform following...
Persistent link: https://www.econbiz.de/10013242872
Factor investing asks: how well can a particular investor weather hard times relative to the average investor? Answering helps her reap long-run factor premiums by embracing risks that lose money during bad times, but make up for it the rest of the time with attractive rewards. When factor...
Persistent link: https://www.econbiz.de/10013080737
Stock characteristics have two sources of predictive power. First, a characteristic might be valuable in identifying high or low expected returns across industries. Second, a characteristic might be useful in identifying individual stock expected returns within an industry. Past studies...
Persistent link: https://www.econbiz.de/10013321780
Value investment and growth investment have attracted a large amount of research in recent decades, but most of this … underdeveloped, particularly when compared to markets such as the U.S. Hence, its behavior regarding value versus growth investment …
Persistent link: https://www.econbiz.de/10011760317
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...
Persistent link: https://www.econbiz.de/10013227328
The literature on gold is dominated by empirical studies on its diversification, hedging, and safe haven properties. In … contrast, the question “When to invest in gold?” is generally not analyzed in much detail. We test more than 4,000 seasonal …, technical, and fundamental timing strategies for gold and find evidence for some market timing ability and economic gains …
Persistent link: https://www.econbiz.de/10012916051
The paper examines the key drivers of gold investment. Since 2000 the gold price has risen drastically, making gold an … interesting add-on to a portfolio. As gold futures have negative roll returns, gold pool accounts are characterized by high credit … risk and physical possession of gold means high transaction costs, Xetra-Gold might be the most efficient way to enter the …
Persistent link: https://www.econbiz.de/10003750315