haku: @author Taylor, S. J. / yhteensä: 9
viite: 2 / 9
| Tekijä: | Poon, S. Taylor, S. J. Ward, C. W. R. |
| Otsikko: | Portfolio diversification: a pictorial analysis of the UK stock market. |
| Lehti: | Journal of Business Finance and Accounting
1992 : JAN, VOL. 19:1, p. 87-101 |
| Asiasana: | PORTFOLIO MANAGEMENT STOCK MARKETS UNITED KINGDOM |
| Kieli: | eng |
| Tiivistelmä: | A set of graphs clearly demonstrates the benefits of diversification in the UK stock market for the period 1955 to 1984. The study considers portfolio sizes ranging from 1 to 100 securities and finds that benefits from diversification continue as the size of portfolios increases above ten stocks. The stability of diversification benefits and cross-sectional distributions is explored by comparing results for six five-year subsets. Benefits are found to be fairly stable. Authors examine also historical distribution of portfolio mean returns and variances and the portfolio diversification effect for a period from 1955 to 1984. |
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