search query: @author Conover, C. M. / total: 2
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| Author: | Conover, C. M. Jensen, G. R. Johnson, R.R. |
| Title: | Emerging Markets: When Are They Worth It? |
| Journal: | Financial Analysts' Journal
2002 : MAR-APR, VOL. 58:2, p. 86-95 |
| Index terms: | MARKETS EMERGING MARKETS ANALYTICAL REVIEW PORTFOLIO INVESTMENT |
| Language: | eng |
| Abstract: | Using 24 years of data, the authors show that emerging market equities are a worthy addition to a U.S. investor's portfolio of developed market equities. Specifically, portfolio returns increased by approximately 1.5 percentage points a year when emerging country equities were included in the investment set. When the authors considered U.S. Federal Reserve monetary policy, however, the authors found that the benefits of investing in emerging markets accrued almost exclusively during periods of restrictive U.S. monetary policy. During periods of expansive U.S. monetary policy, the benefits to a U.S. investor of holding emerging market equities were trivial. |
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