haku: @indexterm PORTFOLIO INVESTMENT / yhteensä: 425
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| Tekijä: | O'Neal, E. |
| Otsikko: | How many mutual funds constitute a diversified mutual portfolio? |
| Lehti: | Financial Analysts' Journal
1997 : MAR-APR, VOL. 53:2, p. 37-46 |
| Asiasana: | FINANCIAL ANALYSIS UNIT TRUSTS PORTFOLIO INVESTMENT |
| Kieli: | eng |
| Tiivistelmä: | Can investors receive diversification benefits from holding more than a single mutual fund in their portfolios? Simulation analysis shows that the time-series diversification benefits are minimal but that the expected dispersion in terminal-period wealth can be substantially reduced by holding multiple funds. Portfolios with as few as four growth funds halve the dispersion in terminal-period wealth for 5- to 19-year holding periods. |
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