of college students. Results suggest that financial literacy can slightly attenuate the naïve diversification bias and …

In this paper, we study the international and sectoral diversification potential in realestate portfolios. Building on … statistical test to compare country-leveland sector-level diversification potential. This new diversification test provides … for real estate investments broadly reveal that international diversificationdominates sectoral diversification …

A portfolio diversification index is defined as the ratio of an equivalent number of independent assets to the number … of assets. The equivalence is based on either attaining the same diversification benefit or spread reduction. The … diversification benefit is the difference in value of a value maximizing portfolio and the maximum value of the components. The spread …

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 …

diversification effects. Using data from the main US exchanges, there is strong evidence of over- and under-estimation of factor risk … premia relevant to their intrinsic values. We propose an amended multifactor asset pricing model, the diversification risk … formed on size and liquidity suffer from diversification asymmetries. Specifically, the size effect dies out when the …

to also introduce a natural diversification score, the Effective Number of Minimum-Torsion Bets, which we use to measure … and manage diversification.We discuss the advantages of the Minimum-Torsion Bets over the traditional approach to … diversification based on marginal contributions to risk. We present two case studies, a security-based investment in the stocks of the …

diversification of the equity segment of an investor's portfolio. We find that for investors with a U.S.-only stock segment in their … markets would be beneficial. The additional diversification and return benefits from extending to developed ex-U.S. small and …

) countries offer attractive long-term growth and diversification potential. However, investors must balance these possible …

The weak empirical evidence linking diversification and international equity flows calls into question the … diversification paradigm at the international level and the analytical framework it implies. Using a novel measure of diversification … the role that diversification opportunities play in the determination of international equity flows. Using the concept of …