haku: @author Grauer, R. R. / yhteensä: 10
viite: 2 / 10
| Tekijä: | Grauer, R. R. Hakkanson, N. H. |
| Otsikko: | Gains from international diversification : 1968-85 returns on portfolios of stocks and bonds. |
| Lehti: | Journal of Finance
1987 : JUL, VOL. 42:3, p. 721-738 |
| Asiasana: | INVESTMENT SECURITIES RISK PORTFOLIO MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | The multi-period investment model is applied to a universe of international securities on the basis of the simple probability assessment approach. The principal findings are: /1/ the gains from including non-U.S. asset categories in the universe are large, especially for the highly risk-averse strategies; /2/ the gains from removing the no leverage constraint are more substantial than they are in the absence of non-U.S. securities; /3/ there is strong evidence of market segmentation. |
SCIMA