International Diversification Through Emerging Market Investment: Selection of Appropriate Portfolio Strategy

被引：4
|
作者：
Arora, Ravinder Kumar [1 ]
Jain, Pramod Kumar [2 ]
Das, Himadri [3 ]
机构：
[1] Int Management Inst, Qutab Inst Area, B-10, New Delhi, India
[2] Indian Inst Technol, Dept Management Studies, New Delhi, India
[3] Int Management Inst, New Delhi, India
来源：
REVIEW OF PACIFIC BASIN FINANCIAL MARKETS AND POLICIES | 2011年 / 14卷 / 04期
关键词：
Emerging markets; portfolio investment; diversification; efficient frontier;
D O I：
10.1142/S021909151100238X
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The main purpose of this paper is to compare the performance of portfolio strategies, comprising investments in emerging markets alone, and those strategies of combining investment in emerging and developed markets. The major finding of this paper is: the portfolio strategy combining investment in emerging markets with that in developed markets does not offer any additional value over a portfolio strategy confining investments to the emerging markets only. This paper, therefore, recommends a strategy that emphasizes country selection from emerging markets alone.
引用
收藏
页码：737 / 749
页数：13
相关论文
共 50 条
  • [1] Investor preferences and portfolio selection: is diversification an appropriate strategy?
    Hueng, C. James
    Yau, Ruey
    [J]. QUANTITATIVE FINANCE, 2006, 6 (03) : 255 - 271
  • [2] Cryptocurrencies and portfolio diversification in an emerging market
    Letho, Lehlohonolo
    Chelwa, Grieve
    Alhassan, Abdul Latif
    [J]. CHINA FINANCE REVIEW INTERNATIONAL, 2022, 12 (01) : 20 - 50
  • [3] Portfolio Investment diversification at Global stock market: A Cointegration Analysis of Emerging BRICS(P) Group
    Bhutto, Sarfaraz A.
    Ahmed, Rizwan Raheem
    Streimikiene, Dalia
    Shaikh, Saifullah
    Streimikis, Justas
    [J]. ACTA MONTANISTICA SLOVACA, 2020, 25 (01) : 57 - 69
  • [4] The maximum diversification investment strategy: A portfolio performance comparison
    Theron, Ludan
    van Vuuren, Gary
    [J]. COGENT ECONOMICS & FINANCE, 2018, 6 (01):
  • [5] Investment fund portfolio selection strategy in Lithuania
    Kucko, Irena
    [J]. 4th International Scientific Conference Business and Management'2006/The 14th International Scientific Conference Enterprise Management: Diagnosis, Strategy, Efficiency, 2007, : 114 - 118
  • [6] ART INVESTMENT IN SOUTH AFRICA: PORTFOLIO DIVERSIFICATION AND ART MARKET EFFICIENCY
    Botha, Ferdi
    Snowball, Jen
    Scott, Brett
    [J]. SOUTH AFRICAN JOURNAL OF ECONOMIC AND MANAGEMENT SCIENCES, 2016, 19 (03): : 358 - 368
  • [7] Suboptimal international equity portfolio diversification and stock market development
    Kwabi, Frank O.
    Thapa, Chandra
    Paudyal, Krishna
    Neupane, Suman
    [J]. REVIEW OF QUANTITATIVE FINANCE AND ACCOUNTING, 2020, 54 (01) : 389 - 412
  • [8] Suboptimal international equity portfolio diversification and stock market development
    Frank O. Kwabi
    Chandra Thapa
    Krishna Paudyal
    Suman Neupane
    [J]. Review of Quantitative Finance and Accounting, 2020, 54 : 389 - 412
  • [9] Why Emerging Market Equities Belong in a Diversified Investment Portfolio
    Beach, Steven L.
    [J]. JOURNAL OF INVESTING, 2006, 15 (04): : 12 - 18
  • [10] Portfolio investment in emerging market economies: Trends, dimensions and issues
    D K Das
    [J]. Journal of Asset Management, 2000, 1 (2) : 172 - 195
12345