Author: Sheldon NovackPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 338
Book Description
Investor Benefits from International Portfolio Diversification
Author: Sheldon NovackPublisher:
ISBN:
Category : Investments
Languages : en
Pages : 338
Book Description
Benefits of International Portfolio Diversification
Author: Minji YooBenefits of international portfolio diversification from a Colombian and a Spanish investor perspective
Author: Iván Felipe Rico GutiérrezPublisher:
ISBN:
Category :
Languages : sv
Pages :
Book Description
Portfolio Diversification
Author: Francois-Serge LhabitantPublisher: 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
The Benefit of International Portfolio Diversification in Asian Emerging Markets to the U.S. Investors
Author: Faranak Roshani ZafaranlooPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
International Portfolio Diversification
Author: Theodore Michael JohnsonPublisher:
ISBN:
Category : Business enterprises
Languages : en
Pages : 148
Book Description
International portfolio diversification benefits
Author: Maryam JameiDiversification
Author: Mark ArmourResolution of Failed Banks by Deposit Insurers
Author: Thorsten BeckPublisher: World Bank Publications
ISBN:
Category : Bancos
Languages : en
Pages : 34
Book Description
"There is a wide cross-country variation in the institutional structure of bank failure resolution, including the role of the deposit insurer. The authors use quantitative analysis for 57 countries and discuss specific country cases to illustrate this variation. Using data for over 1,700 banks across 57 countries, they show that banks in countries where the deposit insurer has the responsibility of intervening failed banks and the power to revoke membership in the deposit insurance scheme are more stable and less likely to become insolvent. Involvement of the deposit insurer in bank failure resolution thus dampens the negative effect that deposit insurance has on banks' risk taking. "--World Bank web site.
International Diversification Opportunities for Real Estate Investment Portfolios
Author: Onousa BoontanormPublisher:
ISBN:
Category :
Languages : en
Pages : 72
Book Description
This thesis explores the topic of diversification opportunities in international real estate, with focus on private real estate markets in developed countries. In examining the characteristics of returns and interrelatedness between international real estate, stocks and bonds markets from the time period spanning 2000 to 2009, we find that 2008 was the only year within the past decade in which several countries saw synchronized negative returns on a calendar year basis in the stocks and real estate markets, and even so the synchronized negative returns was only experienced by half of the countries within the 10-country opportunity set. The amplitude of the peak to trough drop in the cumulative value of the assets was small in real estate on average relative to that of stocks. These findings suggest that investors' should benefit from holding international real estate within their portfolios, even in an extreme down market. Modern portfolio theory is used to analyze and compare ex-ante diversification opportunities in international real estate, stocks and bonds and domestic diversification opportunities for the three asset classes from the perspectives of U.S. and European investors. We project expected returns for each of the markets and used historical risks (volatility) from the 2000-2009 period as estimates for volatility. When returns are calculated in local currencies, international diversification in the real estate portfolio (diversified within a 10-country opportunity set) should help U.S. investors substantially improve their portfolio risk-return efficiency relative to domestic diversification (within a 6-metropolitan area opportunity set), as the markets within the U.S. domestic opportunity set provide unattractive risk-return efficiency and their movements are highly correlated. By contrast, European investors will benefit less from the same international diversification strategy relative to domestic diversification (within 5 Eurozone countries) as several Eurozone markets are able to provide considerable risk-return efficiency and low correlations can be found in some pairs of markets. Applying home bias and limits on exposure to any single country i.e. country caps to the portfolio allocation helps to balance the allocation weights for the investor's portfolio but also significantly limits the investor's ability to take advantage of diversification opportunities provided by the international markets. When returns are calculated in the investors' domestic currencies, additional currency risk increases the portfolio volatility without providing additional expected return, reducing diversification benefits of international real estate. Even so, international diversification potential to U.S. investors should still be considerable, while that to European investors' should be minimal.