Author: Simon E. ÖhriPublisher:
ISBN:
Category :
Languages : en
Pages : 118
Book Description
Benefits of International Diversification for a Swiss Investor
Author: Simon E. ÖhriOptimal International Diversification
Author: Foort HamelinkAn Examination of the Benefits of International Diversification Available to the Irish Investor
Author: Cara Julia O'SullivanPublisher:
ISBN:
Category : Stock exchanges
Languages : en
Pages : 104
Book Description
Investor Benefits from International Diversification
Author: Mikael GustafssonInvestor Benefits from International Portfolio Diversification
Author: Sheldon NovackPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 338
Book Description
Diversification During Downturn Phases
Author: Florian WenzelBenefits of International Portfolio Diversification
Author: Minji YooMultinationals and the Gains from International Diversification
Author: Patrick F. RowlandPublisher:
ISBN:
Category : Diversification in industry
Languages : en
Pages : 74
Book Description
One possible explanation for home bias is that investors may obtain indirect international diversification benefits by investing in multinational firms rather than by investing directly in foreign markets. This paper employs mean-variance spanning tests to examine the diversification potential of multinational firms and foreign market indices for investors domiciled in Canada, France, Germany, Italy, Japan, the United Kingdom and the United States. We find that in most countries and most time periods, the portfolio of domestic stocks spans the risk and return opportunities of a portfolio that includes domestic and multinational stocks. However, there is weak evidence that U.S. multinationals provided global diversification benefits in the full 1984-92 sample and in the post-1987 subsample. We also find that the addition of foreign market indices to a domestic portfolio - inclusive of multinationals - provides diversification benefits. The economic importance of the shift of the portfolio frontier - measured as the utility gain from diversification - varies considerably from market to market and often reflects the benefits of large short positions in certain markets.
The Benefits of International Diversification
Author: Lorne N. SwitzerPublisher:
ISBN:
Category :
Languages : en
Pages : 43
Book Description
This paper examines the benefits of international diversification for US investors, while accounting for market development, corporate governance, market cap effects, and structural change across countries over period August 1996-July 2013. Improved risk adjusted returns are obtained from a diversified portfolio consisting of a mix of developed and emerging countries. Additionally, we find that diversification benefits are not significant for most of the small-cap foreign assets when an investor already holds position in corresponding countries large-cap assets. Diversification benefits based on the governance effectiveness of a country's companies are not ubiquitous. We find that economically significant improvements in risk-return performance can be attained by adding large caps of developed countries with high and low overall Governance Metrics International (GMI) ratings and large and small caps of emerging countries with low overall GMI ratings to the investment universe containing the assets of common law developed countries. However, diversification benefits are economically significant only for large and small caps of low GMI emerging countries when short selling is not allowed.
The Benefits from International Diversification for Nordic Investors
Author: Eva LiljeblomPublisher:
ISBN: 9789515554581
Category : Capital market
Languages : en
Pages : 19
Book Description