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Portfolio Diversification

Portfolio Diversification PDF Author: Francois-Serge Lhabitant
Publisher: Elsevier
ISBN: 0081017863
Category : Mathematics
Languages : en
Pages : 276

Book Description
Portfolio Diversification provides an update on the practice of combining several risky investments in a portfolio with the goal of reducing the portfolio's overall risk. In this book, readers will find a comprehensive introduction and analysis of various dimensions of portfolio diversification (assets, maturities, industries, countries, etc.), along with time diversification strategies (long term vs. short term diversification) and diversification using other risk measures than variance. Several tools to quantify and implement optimal diversification are discussed and illustrated. - Focuses on portfolio diversification across all its dimensions - Includes recent empirical material that was created and developed specifically for this book - Provides several tools to quantify and implement optimal diversification

Portfolio Diversification

Portfolio Diversification PDF Author: Francois-Serge Lhabitant
Publisher: Elsevier
ISBN: 0081017863
Category : Mathematics
Languages : en
Pages : 276

Book Description
Portfolio Diversification provides an update on the practice of combining several risky investments in a portfolio with the goal of reducing the portfolio's overall risk. In this book, readers will find a comprehensive introduction and analysis of various dimensions of portfolio diversification (assets, maturities, industries, countries, etc.), along with time diversification strategies (long term vs. short term diversification) and diversification using other risk measures than variance. Several tools to quantify and implement optimal diversification are discussed and illustrated. - Focuses on portfolio diversification across all its dimensions - Includes recent empirical material that was created and developed specifically for this book - Provides several tools to quantify and implement optimal diversification

Currency Hedging for International Portfolios

Currency Hedging for International Portfolios PDF Author: Jochen M. Schmittmann
Publisher: International Monetary Fund
ISBN: 1455200557
Category : Business & Economics
Languages : en
Pages : 47

Book Description
This paper examines the benefits from hedging the currency exposure of international investments in single- and multi-country equity and bond portfolios from the perspectives of German, Japanese, British and American investors. Over the period 1975 to 2009, hedging of currency risk substantially reduced the volatility of foreign investments at a quarterly investment horizon. Contrary to previous studies, the paper finds that at longer investment horizons of up to five years the case for hedging for risk reduction purposes remained strong.In addition to its impact on risk, hedging affected returns in economically meaningful magnitudes in some cases.

Managing Foreign Exchange Risk

Managing Foreign Exchange Risk PDF Author: Richard J. Herring
Publisher: Cambridge University Press
ISBN: 9780521311205
Category : Business & Economics
Languages : en
Pages : 254

Book Description
A collection of essays about foreign exchange risk and how to cope with it.

Foreign Exchange Rates and International Finance

Foreign Exchange Rates and International Finance PDF Author: John N. Kallianiotis
Publisher:
ISBN: 9781536165500
Category : Foreign exchange rates
Languages : en
Pages : 0

Book Description
History of monetary system --Balance of payments and exchange rates --The foreign exchange markets --Exchange rate determination and forecasting --Exchange rates and international parity conditions --Foreign currency derivatives --Foreign exchange exposure and its management --Multinational corporations and international cost of capital --Multinational capital budgeting --Foreign direct investment and portfolio theory --International trade finance --Political risk and its management.

International Financial Markets

International Financial Markets PDF Author: Richard M. Levich
Publisher: McGraw-Hill/Irwin
ISBN: 9780071153645
Category : International finance
Languages : en
Pages : 663

Book Description


Undiversified

Undiversified PDF Author: Ellen Carr
Publisher: Columbia University Press
ISBN: 0231551533
Category : Business & Economics
Languages : en
Pages : 392

Book Description
Diversification is a core principle of investing. Yet money managers have not applied it to their own ranks. Only around 10 percent of portfolio managers—the people most directly responsible for investing your money—are female, and the numbers are even worse at the ownership level. What are the causes of this underrepresentation, and what are its consequences—including for firms’ and clients’ bottom lines? In Undiversified, experienced practitioners Ellen Carr and Katrina Dudley examine the lack of women in investment management and propose solutions to improve the imbalance. They explore the barriers that subtly but effectively discourage women from entering and staying in the industry at each point in the pipeline. At the entry level, the lack of visible role models discourages students from considering the field, and those who do embark on an investment management career face many obstacles to retention and promotion. Carr and Dudley highlight the importance of informal knowledge about how to navigate career tracks, without which women are left at a disadvantage in an industry that lionizes confidence. They showcase a diverse constellation of successful female portfolio managers to demystify the profession. Drawing on wide-ranging research, interviews with prospective, current, and former industry practitioners, and the authors’ own experiences, Undiversified makes a compelling case that increasing the number of women could help transform active investment management at a time when it is under threat from passive strategies and technological innovation.

Risk Management of Sovereign Assets and Liabilities

Risk Management of Sovereign Assets and Liabilities PDF Author: Mr.D. F. I. Folkerts-Landau
Publisher: International Monetary Fund
ISBN: 1451979614
Category : Business & Economics
Languages : en
Pages : 54

Book Description
In an environment of sizable and volatile capital flows and integrated international capital markets, large and unhedged net external sovereign liabilities expose countries to swings in international asset prices and to potential speculative currency attacks. The paper argues that an essential step in reducing emerging market vulnerability to such external shocks is to reform the institutional arrangements governing asset and liability management policies, so as to promote a transparent, publicly accountable, and professional incentive structure.

Management of Foreign Exchange Risk

Management of Foreign Exchange Risk PDF Author: Boris Antl
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 288

Book Description


Moving Beyond Modern Portfolio Theory

Moving Beyond Modern Portfolio Theory PDF Author: Jon Lukomnik
Publisher: Routledge
ISBN: 100037615X
Category : Business & Economics
Languages : en
Pages : 175

Book Description
Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It’s time for MPT to evolve. The authors propose a new imperative to improve finance’s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT’s focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

Risk Management for Central Bank Foreign Reserves

Risk Management for Central Bank Foreign Reserves PDF Author: European Central Bank
Publisher:
ISBN:
Category : Bank reserves
Languages : en
Pages : 376

Book Description